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📢 Gate Square Daily Report | May 8
1️⃣ Geopolitical Situation: US media citing information from US officials reports that the US military has launched strikes on Iran’s Gasham Island and Abbas Port. Explosions have been reported in multiple areas in southern Iran, and US officials have yet to officially confirm.
2️⃣ Market Dynamics: BTC falls below $80,000 and is currently at $79,654; however, weekly fund inflows into Bitcoin ETFs have reached a four-month high, which may help support against selling pressure.
3️⃣ Crypto Regulation: The CLARITY crypto market structure bill may be submitted to the US Senate Banking Committee for review as early as next week.
4️⃣ Institutional Movements: Bitwise launches its first tokenized crypto basis fund, USCC, which is also its first tokenized fund product.
5️⃣ Platform Updates: The second half of Gate WCTC S8 officially gets underway. All players reset to zero and line up on the same track; the second-half prize pool accounts for as much as 55%, and the opportunity to reach the top has reopened.