Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Russia refrains from massive strikes on Ukraine since May 9 ceasefire
Russia has not launched a major aerial or missile strike on Ukraine since May 9, the day a three-day ceasefire brokered by President Trump officially went into effect. The pause in large-scale bombardment marks a notable shift in a conflict where cities have regularly absorbed waves of drones and cruise missiles, even if the fighting along the ground hasn’t stopped for a second.
The ceasefire, running from May 9 through May 11, was announced after a conversation between Trump and Vladimir Putin. Its timing was no accident: May 9 is Victory Day in Russia, the country’s most symbolically charged holiday, and the truce gave Moscow a window to hold its Red Square celebrations without the awkward optics of Ukrainian drones overhead.
A ceasefire in name, a war in practice
The Ukrainian General Staff reported 51 combat engagements on May 9 alone, the very first day of the supposed truce.
Russia’s Ministry of Defense alleged nearly 9,000 violations by Ukraine. That figure included drone strikes and ground attacks, according to the MoD’s tally.
The only condition that appears to have been genuinely enforced was Ukraine’s agreement not to strike near Moscow’s Red Square during Victory Day. That condition was reportedly upheld.
A swap of 1,000 captives from each side had reportedly been agreed upon as part of the deal. As of May 9, it had not taken place.
What Russia actually did during the truce
The absence of large-scale missile and drone barrages since May 9 is real and measurable. Ukraine’s cities have not absorbed the kind of coordinated strikes that had become a grim routine over previous months.
Frontline attacks continued, and reports indicate that Russian forces used the ceasefire period to reposition troops in preparation for future offensive operations.
The lack of enforcement mechanisms made the May 9 ceasefire particularly vulnerable to this dynamic. There were no neutral monitors, no verification protocols, and no consequences for violations.
Why the missile pause matters, even if the ceasefire didn’t
Large-scale aerial attacks on Ukrainian infrastructure, particularly energy grids, have historically sent ripple effects through European natural gas markets. A sustained pause in those strikes, even an informal one, reduces the immediate risk of another Ukrainian energy crisis spilling over into European supply chains.
The prisoner exchange, or lack thereof, is also worth watching. A swap of 1,000 captives per side would represent one of the largest exchanges of the war. Its continued absence signals that back-channel negotiations lack real substance.
The Trump administration will likely frame any period of reduced violence as validation of its diplomatic approach, regardless of what’s happening on the ground. That framing matters because it shapes the political appetite in Washington for further engagement, sanctions adjustments, and aid decisions that have direct market consequences across defense, energy, and agricultural sectors.