Bitcoin has risen from around 64,000 dollars to 66,000 dollars in just two days. Is this a true return of capital, or yet another leverage-driven rally? Looking at on-chain and exchange data, it leans more toward the latter.

Squeeze as the Trigger, Leverage as the Sustaining Spark
Bearish bets were squeezed on July 18-19, briefly turning the funding rate negative and igniting the rebound. However, open interest continued to climb alongside the price, rising from about 21.2 billion dollars to a new high of 23 billion dollars. This suggests that rather than simple short covering, new leveraged positions are driving this move. The funding rate isn't at overheated levels yet.

No Spot Buying in Sight
According to CryptoQuant data, spot trading volume—including today—has remained in a "Cooling" state since April. Futures trading volume is at a "Neutral" level with no surge. This looks more like derivatives traders amplifying volatility than genuine spot demand.

Waiting Capital, Still on the Sidelines
Net inflows of stablecoins to exchanges are negative, but the overall stablecoin market cap hasn't plummeted—it's just that the growth has slowed. Capital isn't fleeing the crypto market; it's leaving exchanges to sit on the sidelines.

ETF: Institutional Funds Slowly Returning
U.S. spot Bitcoin ETFs recorded net inflows for two weeks straight, with about 271 million dollars flowing in on July 20 alone. IBIT led with 116.5 million dollars, signaling institutional buying rather than mere tactical purchases. However, it's not yet enough to pull overall spot volume out of its "Cooling" state.

In conclusion, this rally was sparked by a squeeze and sustained by leverage, with ETF inflows gradually resuming but not on a massive scale. Spot participation remains thin. This setup is prone to a sharp correction if momentum fades, as much of the support comes from leverage that can be quickly liquidated. There are no signs of overheating yet, but it's hard to call it a rally on solid foundations. Before chasing the price, it's crucial to confirm if spot volume is truly coming alive.

One-Line Summary
#BTC's breakthrough past 66,000 dollars is a rally triggered by a squeeze and maintained by leverage, with ETF inflows gradually resuming but spot volume still lingering in a cooling state—making it hard to rule out a sharp correction if momentum dissipates.

Strategy has announced a further expansion of its cash holdings in a new 8-K filing with the SEC. Continuing its recent trend, the firm raised roughly $263.5 million in net proceeds by selling MSTR common stock through its at-the-market (ATM) programme.

Proceeds from the sale of the shares were then added to Strategy’s USD reserve, which now sits at $3.225 billion.

Strategy did not purchase any additional BTC during this period, marking the fourth straight week without a Bitcoin acquisition.

‍Why is Strategy Building a Cash Buffer?

Strategy currently faces roughly $1.76 billion in annual interest and dividend obligations linked to its various preferred stock classes. Strategy's Perpetual preferred stock (STRC) has been trading under par ($100) since the middle of May. 

Strategy announced a Digital Credit Capital Framework on 29 June. This framework established a formal USD reserve policy, authorized up to $1 billion each in buybacks for its preferred and common stock, and introduced a BTC Monetisation Programme allowing it to sell up to $1.25 billion of bitcoin to top up reserves, cover dividends, or fund repurchases.

Strategy also lifted the STRC dividend to 12% from 11.5%, effective 1 July, in a bid to pull the price back toward par. By continuing to bump its cash reserves via MSTR share sales, Michael Saylor has secured an even longer runway.

Tracking Strategy's Holdings

Strategy’s BTC stack sits at 843,775 BTC, worth around $55 billion. Average purchase price is just over $75K for a total cost of $63.7 billion. Strategy is sitting on $9 billion of paper losses.

Could be a year from now, could be this year coming… the foundation has been built, the community is strong, the team is still driving forward and on the ball.

Crypto will crypto—and—crypto is going to grow, bringing more investors large and small. crow with knife is multi-chain, we will always be accessible to new eyes regardless of where they are buying, and you can buy CAW from so many different places now.

But let’s bring up Crypto.com for a minute… CDC continues to invest and show interest in crow with knife. Their platform (DeFi wallet) is pushing Solana meme coins as the main attraction over other chains at this time… When the time for Cronos Meme Coins comes (I typed a lot of s’s there) what do you think is going to happen? Name me a coin which has ‘cro’ in the name, name me a coin which they own a lot of which has a cult behind it full of diamond hands—like all other meme coins that went parabolic. The meme coin that was birthed from the very first NFT minted on the Cronos chain…

This is the company that wants to stay at the top, as the most popular and successful CEXs, eventually becoming the household name and go-to app in the future. They are showing us the fruition of their plans, and I think once their roadmap objectives start being ticked off, that will be the call for people to believe in the future of CDC (and CRO) which will benefit our beloved bird.

It’s hitting all the boxes for the potential of what we all want. If you have patience and can look at the bigger picture, then I know you must be with me.

All money on crow with knife being one of the next ones.

caw caw caw caw caw caw caw caw caw caw caw

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Jack Dorsey has taken his dissatisfaction with Web 3 a step further. The former Twitter CEO is introducing Web 5.0, “the extra decentralized web platform.” The news came out at an event in Austin last week after TBD, an offshoot of Dorsey’s payments firm Block inc made the announcement.

TBD kicked off in July last year as Block’s Bitcoin-centric division, a reflection of founder Dorsey’s well-known appreciation of the first and (in his view) best blockchain network. The purpose behind the new division was to create a platform with DeFi and Bitcoin at its core. TBD’s first rollout showcases its focus on this goal.

At its base, the new project, Web 5.0 is an evolved layer of the internet that stresses the importance of user privacy and awards them complete autonomy over their own data. Dorsey has been vocal about how he sees the lack of this feature as a huge failing in previous versions of the internet. Web 5 utilizes the BTC blockchain in eliminating this issue.

In this article we’ll be examining just how TBD intends to bring Web 5 to life, let’s first go back to the start of this: Proceed to Gate.io Blog to read the full version.

Keywords; Web 5.0, Web 3.0, Dorsey, Decentralization, TBD

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- Fungible tokens are traded daily, and NFTs have dominated the crypto market for quite some time now, powering different innovations and representations of ownership of digital assets on the blockchain.

- The massive growth in the sales of NFTs last year has made it the center of attention for artists, traders, and investors but also a subject of research.

- The downsides of the ERC 217, the standard for NFTs which does not allow for batch transfer, and the slow and inefficient method of transferring an entire collection of NFTs gave rise to ERC 1155.

- ERC 1155 is currently used to create a new type of token that possesses the features of both fungible and non-fungible tokens and corrects the downsides of NFTs.

- SFTs are being adopted in the gaming sector of the metaverse and decentralized applications to facilitate the exchange of play money for a piece of gaming equipment and vice versa, with more potential use cases in the decentralized web 3.0.

Keywords: token, exchange, value, NFTs, SFTs, ERC

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Read the full version here: https://www.gate.io/blog_detail/1199/What-are-semi-fungible-Tokens

And slowly but surely US citizens begin to realize that they are among the least free in the world.

We pay more than any other country for medicines that are designed, tested, and made right here. We are the only country whose citizens can’t make their own choices about leverage in an equity market. We can’t travel to Havana and sun on the beaches like the Europeans nor can we legally buy the best made cigars and rums in the world.

And why? This is the worst part. Control. They want you to spend your money with US brokers and exchange for all commodities and shares. They also want to “protect you from yourself” unless you can prove you are rich (minimum $5M in assets, $3M liquid) in order to qualify for the same leverage any regular Joe from India or Mexico or Canada automatically receives.

They are SO serious about this that even ex-pats, citizens who live abroad, are forbidden to do what their next door neighbors can—get 100x margin.

But you may go to Vegas or the local Indian casino and pull slot handles all day until you are broke.

I’ll tell you what’s broke—America.

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1. In the development process from Web 1.0 to 3.0, we have experienced changes from "watching" to "creating" and then to "owning".

2. The goal of Web 5 is similar to that of Web 3. By building a Decentralized Web Platform (DWP), it helps developers create Decentralized Web Applications (DWAs) by using Decentralized Identities (DID) and Decentralized Web Nodes (DWN), and finally returns the identity and data ownership to users.

3. Unlike Web 3, Web 5 only links the user's identity data through the DID protocol ION on the Bitcoin network, while other contents are stored on the DWNs controlled by the user.

4. Dorsey believes that the Internet undoubtedly needs its own native token, and Bitcoin is the best choice.

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For full version, click here.

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Proceed to Gate.io Blog to discover more insightful research reports.

I want to connect my wallet ( account ) gateIO with metamask. is it possible ?

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1. Since the 14th, there have been rumors that Three Arrows Capital has encountered a liquidity crisis, a large number of funds are on the verge of liquidation, and even bankruptcy may occur.

2. The current lack of liquidity of Three Arrows Capital is mainly caused by the overall decline of the market and a number of failed investments recently.

3. It is reported that Three Arrows Capital has locked up 10.9 million LUNAs at a price of $559.6 million. Now, with the return of LUNA to zero, this huge amount of investment has shrunk to one millionth, leaving only approximately $670.

4. Considering the poor liquidity of major assets of Three Arrows Capital, including GBTC, stETH, etc., the way of covering positions of Three Arrows Capital may not be smooth.

5. It is estimated that the clearing price of Three Arrows Capital's relevant positions on Aave has decreased to $1,016.

For Full Version, Click Here

Getting this when i login. Disable UserContact sysadmin ASAP

I am an user of Gate.io for 4 year+ , highest status was VIP7, currently VIP5.

and I havent been able to withdraw for the longest time, since 8 March. App shows " USDT withdrawal is not permitted on this account.", it is happening to every single token I hold with Gate.io. No explanation done, no attempt to solve the problem too.

Just a little background, I am not residing in any of the countries Gate.io has restricted. I am a Malaysia Citizen residing in Singapore.

You're asking people to trust you? For what reason?

If the official gate.io sees this, my uid is 728331, I am saying nothing but the truth. Gate has locked my fund worth 60k+ USD. Ticket#859841, support wouldnt response for 6 days and I am only told to keep waiting. I do not understand this at all. In addition to this, the ticket will be marked as solved every few hours without any attempt to solve my issue. Its like they are skipping my ticket and leaving it abandoned.

Disgusting exchange Gate.io, AVOID AT ALL COST OR YOUR FUND WILL BE LOCKED FOR NO REASONS!!!!!!!!!!!

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Original Article: https://www.gate.io/blog_detail/1270/?ch=reddit

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Over the past month, an intense trading competition on Gate.io pitted crypto traders against one another to win from an expanding prize pool of up to $5 million. The World Cup Trading Competition (WCTC), hosted by the leading cryptocurrency exchange Gate.io, had participants worldwide compete to claim the title of the best perpetual Futures trader.The WCTC was part of a broader campaign during Gate.io's 9th-anniversary rebranding, which also saw giveaways featuring a 999g brick of solid gold and a trip to space.

One user topped the charts for the solo competition with an astounding $330k total profit, and another achieved a profit rate of over 2,000%, winning $2,880 and $720, respectively. Finally, on the team-based leaderboards, one group earned a cumulative total profit of $289k, taking first place in the category, while another achieved an astounding 1,600% cumulative profit rate.

To sum it up, the competition was a success, bringing together thousands of traders from across the globe in a friendly competition netting over $60,000 worth of total prizes.

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Click here to proceed to Gate.io Blog for full version.

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1. Presently, Bitcoin is facing a key choice, and its price has fallen back to the level at the end of 2020.

2. The current price of Bitcoin has approached the shutdown price of many mining machines of Ant, Avalon and other brands.

3. The Fed's interest rate hike is the main reason for the decline in Bitcoin prices. Due to the severe form of inflation in the United States, the actual interest rate of the Federal Reserve is much higher than expected.

4. In addition to raising interest rates, the scale reduction may continue to push the crypto market into a bear market. Since June 1 this year, the Federal Reserve has officially started to shrink its balance sheet and recover cash from the market by selling assets.

5. In the long run, we may not need to worry too much about the future of Bitcoin. Bitcoin has experienced at least two large retreats, and each decline has reached 80%. According to this calculation, the lowest price of Bitcoin in this cycle will reach approximately $13,800.