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The Democratic Party of the United States is investigating Trump's cryptocurrency interests, extending to Binance and Tether

The Democratic investigators of the Permanent Subcommittee on Investigations of the U.S. Senate Committee on Homeland Security and Governmental Affairs released a report accusing USDT of becoming an important financial conduit for Iran's shadow banking system, and called for the Treasury Department and the Justice Department to investigate whether Tether violated sanctions and banking laws. The report mentioned Tether's relationship with the Trump administration, including business dealings between Tether and Cantor Fitzgerald, controlled by Commerce Secretary Howard Lutnick's family, as well as Bo Hines, the former head of the White House Cryptocurrency Committee, serving as Tether's head of U.S. operations.This report continues the Democratic investigation into the Trump family's cryptocurrency business. In May 2025, Richard Blumenthal launched an investigation into TRUMP, the token holders' dinner, and World Liberty Financial; in June, Elizabeth Warren and Jeff Merkley demanded explanations from MGX and Binance on why they used the Trump family-affiliated stablecoin USD1 to settle a $2 billion investment. In November, the Democratic members of the House Judiciary Committee released a report accusing the Trump family of profiting from cryptocurrency businesses such as WLFI and TRUMP, describing regulatory rollbacks, termination of enforcement, and pardons for related individuals as a form of benefit transfer, claiming their cryptocurrency assets were valued at up to $11.6 billion, with related revenues exceeding $800 million in the first half of 2025.In 2026, Ro Khanna investigated reports that members of the UAE royal family spent $500 million to acquire a 49% stake in WLFI, and whether this transaction was related to U.S. policies on AI chips in the UAE;

The socialized Meme trading platform Baola has received investment from Gate Ventures and is currently in the internal testing phase

Recently, the socialized Meme trading platform Baola, strategically invested by Gate Ventures, has entered the product internal testing phase. Baola is positioned as a socialized trading platform aimed at the Meme market, exploring the combination of social content and Meme trading around aspects such as hot topic discovery, market information tracking, community interaction, and trading participation.According to the official introduction, Baola's brand proposition is "Your next Meme is on Baola," aggregating information such as popular calls, KOL dynamics, on-chain trading data, and community interactions. Users can view Caller, the number of token mentions, market capitalization at the time of the call, and subsequent peak performance, and discover active market participants through features like KOL rankings and Callout boards, gaining insights into market hotspots and participant performance from multiple dimensions.In terms of community interaction, Baola supports users in independently publishing calls and market opinions, and allows them to continuously follow interested Callers through Follow. The platform also combines KOL public calls with on-chain trading dynamics, providing information on historical calls, recent performance, and buying and selling behaviors, further linking opinion sharing, hot topic discovery, and trading participation. Currently, Baola has entered the product internal testing phase and is continuously improving the socialized trading experience in the Meme field. Users can visit the official website (https://bao.la/) for more details.

Gate event contracts comprehensively cover cryptocurrency and stock assets, managing short-term fluctuations with zero leverage

According to official news, Gate has launched the world's first stock event contract, expanding the underlying coverage from crypto assets to traditional stocks, supporting bullish or bearish trades in short cycles such as 5 minutes and 15 minutes.As a flexible and efficient short-term trading tool, the Gate event contract has four core advantages: in terms of risk control, the product features zero leverage and low risk, with no forced liquidation or margin call mechanism, and the maximum loss is limited to the initial invested principal; in terms of rules and mechanisms, the criteria for price rise and fall, settlement standards, and transaction fees are all open and transparent throughout the process; in terms of trading flexibility, it supports closing positions at any time, allowing users to control the pace, lock in profits, or stop losses in a timely manner; in terms of participation threshold, it only requires an investment of 5 USDT to start, helping investors quickly implement short-term strategies.Currently, the official incentive program has been launched simultaneously. The second phase of the Gate event contract limited-time trading competition officially started on September 21 at 16:00 (UTC+8) and will continue until October 1 at 08:00 (UTC+8). The event includes rewards for first trades and consecutive trades for new users, daily trading volume tiered rebates for all participants, and a grand prize for cumulative trading volume leaderboard, with participating users having the chance to win a prize pool of up to 12,500 USDT.

Glassnode: Gate ranks among the top three globally in BTC spot trading volume, achieving first place in both two-year ranking and share growth

According to Glassnode's latest report "The Week On-chain - Escape Velocity," among the major exchanges tracked by Glassnode, Gate has risen 4 positions in the BTC spot trading volume rankings over the past two years, achieving the largest increase on the list and ranking third globally. During the same period, Gate's market share of BTC spot trading volume within the statistical scope surged from 2% to 9.1%, a net increase of 7.1 percentage points, the highest growth among all exchanges.The report indicates that Gate's rise is characterized by long-term effectiveness and sustainability. Over the past 24 months, Gate has remained in the top three for BTC spot trading volume for 9 months, demonstrating a continuously strengthening market competitiveness. As an exchange leading in both ranking improvement and market share growth among major platforms, Gate's trading activity and market participation in the BTC spot market continue to expand.Glassnode also pointed out that the 24-hour spot trading volume across all exchanges has rebounded by 121% from the low in August, and the returning funds are flowing to multiple trading platforms. Against the backdrop of an overall recovery in market activity, Gate's simultaneous improvement in market share and global ranking is particularly remarkable, fully showcasing its sustained growth momentum and increasingly expanding industry influence in the BTC spot market.
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