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BTC $68,860.64 +3.97%
ETH $2,048.65 +5.18%
BNB $619.08 +0.88%
XRP $1.41 +3.14%
SOL $84.30 +7.67%
TRX $0.2819 +0.79%
DOGE $0.0965 +3.88%
ADA $0.2727 +3.06%
BCH $564.27 +12.27%
LINK $8.77 +4.33%
HYPE $31.60 +1.94%
AAVE $118.77 +3.36%
SUI $0.9609 +4.26%
XLM $0.1645 +5.14%
ZEC $267.94 +15.07%

rai

Gate launches the 2026 Spring Festival celebration, with a million red envelope rain to celebrate the New Year, and a horse racing betting share of 100,000 USDT

According to official news, Gate will launch the "Gate 2026 Spring Festival Celebration" from February 9, 20:00 to March 1, 20:00 (UTC+8). During the event, users can participate in a million red envelope rain and horse racing guessing carnival activities to win GT red envelopes and USDT rewards, sharing the New Year's good fortune.This event includes two major activities:Million Red Envelope Rain Activity: During the event, from 12:00 to 15:00 and 16:00 to 19:00 (UTC+8) each day, users can enter the event page and input the red envelope password announced by the official to participate in grabbing red envelopes, sharing a total of 1,000 GT red envelopes; an additional 200 GT luck red envelopes will be given out at 0:00 on February 17 (New Year's Eve). New users who register through exclusive links from partners or agents can also unlock co-branded new user red envelope benefits.Spring Racing Grand Prix: Users can sign up and complete designated tasks to receive racing tickets, which can be used to guess the racing results of six cryptocurrency pairs: BTC, ETH, GT, XAU, SOL, and DOGE. During the event, a round of horse racing will be held every 2 days, with a single round unlocking a maximum prize pool of 10,000 USDT, and the total prize pool for the event reaching up to 100,000 USDT. The racing results will be determined by a combination of random mechanisms and market performance, and users can share the corresponding prize pool based on the number of racing tickets they invest, according to the ranking of the winning horses.In addition, the event also sets up the "Immediate Success Leaderboard," where the top 50 users can additionally share 5,000 USDT and have the chance to receive Gate Spring Festival gift cards and 100g gold rewards.

Trump: If Waller raises interest rates early, there won't be much suspense in lowering rates

According to Phoenix Network, U.S. President Donald Trump stated that if Kevin Warsh had ever expressed a desire to raise interest rates, he would not have been nominated for the position of Federal Reserve Chairman."If he came in and said, 'I want to raise (rates),' then he wouldn't get the job, no," Trump said in an interview with NBC News on Wednesday.Trump indicated that the Federal Reserve's interest rate cuts were "not much" of a suspense, as "our rates are too high," but now "we've become a wealthy nation."When asked if Warsh understood that the president wanted him to lower the benchmark interest rate, Trump responded, "I think he understands, but I think he wanted to do that anyway."Trump's remarks may be referenced during Warsh's confirmation process, and the independence of the Federal Reserve is likely to become a central issue in the confirmation process.Republican Senator Thom Tillis of the Senate Banking Committee has vowed to block any nominee from Trump to the Federal Reserve until the Department of Justice concludes its investigation into the renovation of the Federal Reserve headquarters.Outgoing Chairman Jerome Powell described the investigation as a nearly unabashed attack on the Federal Reserve's ability to independently decide monetary policy. Trump administration officials have denied this, but Trump himself has pressured Powell for months to cut rates.Warsh, who previously served as a Federal Reserve governor, was known for his hawkish stance on inflation, but he has recently expressed support for interest rate cuts.

Viewpoint: Bitcoin's decline raises concerns about a four-year cycle, but a deep bear market may be hard to replicate

According to The Block, research institution K33 analysis points out that despite Bitcoin's decline of about 40% from last year's peak, raising concerns about a repeat of the past four-year cycle downturn, several structural factors make it unlikely for the market to experience a deep bear market similar to the 80% declines seen in 2018 or 2022.The report believes that the key difference in the current environment compared to previous cycles is the increased institutional adoption, continuous inflows into regulated products (such as spot ETFs), and a loose interest rate environment. More importantly, there has not been a forced deleveraging event that triggered a systemic market collapse like GBTC, Luna, or FTX.On the technical side, analysts view approximately $74,000 as the current key support level. If this level is breached, the downside risk may intensify, with targets potentially pointing to $69,000 or even $58,000 (near the 200-week moving average). Meanwhile, some common bottoming signals are beginning to emerge: Bitcoin recorded a high spot trading volume of over $8 billion on February 2, while the derivatives market's open interest and funding rates have also entered extreme negative territory. These signals, combined with prices still above support levels, may indicate that the market is attempting to form a bottom.
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