🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Report: Tether supply slowing down indicates cooling of the crypto market
Golden Finance reported that, according to Copper's report, as of June 24, the monthly supply growth of Tether (USDT) was less than 1.5%, significantly lower than the over 5% in April and May. The trading volume of USDT decreased from a historical high of $767.2 billion on March 11 to $53.5 billion on June 24. With a market capitalization of $113 billion, the slowing supply growth indicates a decrease in funds flowing into the cryptocurrency market. In addition, the daily outflow of the Bitcoin market has recently increased significantly, with over $540 million flowing out last week. In the past 30 days, the price of Bitcoin has dropped over 10%, from $68,000 to $62,000. Macro-economic pressures also affect the cryptocurrency market. According to ETC Group's report, the downward revision of global growth expectations and the increased risk of a US economic recession may continue to pose challenges to the price of Bitcoin.