💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Recently, the global financial markets have experienced a series of significant events, bringing new directions for investors to consider.
First, Federal Reserve Chairman Powell's speech at the Jackson Hole annual meeting has attracted market attention. He hinted that the balance in the labor market has improved, which has significantly raised market expectations for a rate cut by the Federal Reserve in September. According to data from CME, the probability of a 25 basis point rate cut in September has climbed to 91.1%, while the probability of a cumulative 50 basis point cut in October has reached 46.8%. This potential shift in monetary policy could stimulate market risk appetite and may drive more funds into the cryptocurrency market.
At the same time, the Philippine government has made notable moves in the cryptocurrency space. The Philippine Congress recently submitted a bill that plans to establish a national Bitcoin strategic reserve. This initiative seems to reference the "budget-neutral" reserve model of the U.S. Treasury. If the bill is passed, it could inspire other emerging market countries to follow suit, significantly increasing the demand for Bitcoin in the long term.
In terms of regulation, the divide among U.S. policymakers seems to be widening. Reports indicate that Trump threatened to fire Federal Reserve Board member Cook, but faced a strong rebuttal. At the same time, a provision to prohibit the issuance of central bank digital currency (CBDC) was added to the House's defense bill. These events highlight the complexity and uncertainty of the current cryptocurrency regulatory environment.
Regarding institutional participation, South Korea's four major banks are in discussions with Tether and Circle for stablecoin cooperation, indicating that traditional financial institutions are accelerating their embrace of crypto assets. However, the compliance processes may extend the time it takes for these collaborations to materialize.
Finally, the class action lawsuit against BlockFi has recently made significant progress. The court has ultimately approved a $13.2 million settlement, with approximately 89,000 interest account holders set to receive compensation. This outcome is expected to enhance the health of the market, but it may also lead to some of the compensation funds flowing into exchanges, creating short-term selling pressure.
Overall, these events reflect the accelerating integration of the cryptocurrency market with traditional financial systems, while also facing complex regulatory challenges. Investors need to closely monitor these developments to make informed investment decisions.