✨ Gate Card: Converting Digital Assets into Everyday Spending Power
🔹 Gate Card is a Visa-linked crypto card that allows users to spend digital assets directly at merchants worldwide. The product is part of the broader Gate Money framework, which unifies crypto, fiat, stocks, ETFs, gold, and payments within a single account structure.
📊 Core features:
🔹 Supported assets: USDT, BTC, ETH, GT, and 10 other cryptocurrencies, plus tokenized stock assets.
🔹 Automatic conversion: Crypto converts to fiat at the point of sale, with no need to pre-convert to fiat.
🔹 Global acceptance: Coverage at 150M+ merchant locations across 200+ countries and territories where Visa is accepted.
🔹 Mobile payments: Apple Pay and Google Pay support.
🔹 Cashback and rewards:
▪️ Cashback rates range from 1% to 8% depending on card tier.
▪️ Tier progression is based on monthly spending or VIP status.
▪️ Monthly cashback caps range from 5 USDT at entry level up to 400 USDT at the highest tier.
▪️ Rewards are distributed in BTC, ETH, USDT, or GT.
🔹 Fees and limits:
▪️ Virtual and physical card issuance: Free.
▪️ Monthly and inactivity fees: None.
▪️ Crypto-to-fiat conversion fee: 0.90% per transaction.
▪️ Non-USD foreign exchange fee: 1.00%.
▪️ ATM withdrawal fee: 2%.
▪️ Daily spending limit: $50,000. Monthly limit: $990,000.
🔹 Recent upgrades:
▪️ Auto-recharge now connects savings accounts, Gate Money, deposit savings, and stock accounts, supporting 14 crypto and tokenized stock assets with customizable deduction order.
▪️ Card balance withdrawal functionality has been added.
⚖️ Structural perspective:
🔹 The crypto payment card sector has expanded significantly. Monthly transaction volume for crypto payment cards reached approximately $7.8 billion in May 2026, a year-over-year increase of roughly 230%. More than 160 stablecoin-linked Visa card programs are now live globally, with payment volume up nearly 200% year-over-year.
▪️ Gate Card operates within an ecosystem serving over 61 million users, with support for 5,300+ crypto assets and 12,800+ stock assets. The card functions as a bridge between the platform's multi-asset infrastructure and real-world spending scenarios, allowing assets to remain in their original form until the moment of transaction.
💬 When evaluating crypto payment cards, do you prioritize cashback rates or the breadth of spending integration? 👇
#GateCard #Crypto #Payments
Not financial advice.
https://www.gate.com/card

#美国9月PPI大超预期 ✨ US PPI Inflation Surges to 6.3%, the Highest Since Late 2022
🔹 The US September Producer Price Index (PPI) rose 1.3% month-over-month and 6.3% year-over-year, significantly exceeding the consensus estimate of 5.3%. This marks the largest monthly increase since March 2022 and the highest annual reading since December 2022.
📊 The data behind the print:
🔹 Core PPI: Excluding food and energy, core PPI rose 0.7% MoM and 5.0% YoY, both above expectations.
▪️ Energy: Energy prices surged 10.8%, accounting for more than 80% of the broad-based increase in goods prices. Gasoline jumped 20.3%.
▪️ Context: The reading follows Wednesday's CPI report, which also came in above forecasts at 3.7% YoY headline and 2.6% core. Retail sales for September rose 0.8% MoM, beating the 0.3% estimate.
⚖️ Market impact:
🔹 Bitcoin: Briefly fell below $80,000 to $79,800 before rebounding to near $82,000. Market-wide liquidations reached approximately $930 million over 24 hours, with long positions accounting for $780 million. The $80,000–$81,500 zone remains a critical support area, overlapping with the estimated ETF cost basis.
▪️ US Equities:The S&P 500 and Nasdaq 100 traded mixed, with tech and semiconductor names under pressure. The Philadelphia Semiconductor Index fell over 4% in the prior session. Cyclical sectors and the Dow Jones outperformed as investors rotated toward defensive positioning.
▪️ Treasuries & Dollar: The 10-year Treasury yield dipped to approximately 5.04% from 5.10%, as safe-haven demand for bonds offset the inflation surprise. The dollar index retreated from its 18-month high toward 102.0.
▪️ Gold & Silver:Spot gold recovered above $4,150, up over 1%, while silver rebounded above $56.9 per ounce, gaining more than 2.4%. The recovery was driven by falling yields, a softer dollar, and renewed safe-haven demand.
⚖️ Structural perspective:
🔹 The PPI acceleration broadens the inflation narrative beyond consumer-level price pressures. With producer costs rising across energy, transportation, and services, the data reinforces the case for the Federal Reserve to maintain a restrictive stance. Markets now price roughly a 29% probability of a rate hike at the October 27-28 meeting, with December tightening expectations remaining elevated.
▪️ For risk assets like Bitcoin, the primary pressure channel is the rate outlook: higher-for-longer borrowing costs reduce the relative appeal of non-yielding assets. Gold and silver, however, face a more layered dynamic, balancing safe-haven demand against real-rate headwinds.
▪️ The key variable ahead is whether the Fed signals patience at the October meeting or adopts a firmer tone. Until that guidance arrives, markets are likely to remain in a recalibration phase, with capital rotating selectively between growth, defensive, and hard-asset exposure.
🔹 How are you assessing the market's response to two consecutive inflation surprises? 👇
#PPI #Inflation #Bitcoin #Gold
Not financial advice.