BTC On the afternoon of July 28, the trading volume is insufficient. It’s still ranging around the Broccoli position area given for midday, with no particularly strong upside momentum. In the evening, it’s mainly high-band volatility. This week’s two-way moves and three-wave rebound combined are about a total of 2600+120 points.
$BTC Mingyuan 7/28 evening: around the 64,000-64,500 area, watch for 63,000-62,100.
$ETH Mingyuan 7/28 evening: around the 1900-1925 area, watch for 1855-1820.

#StakeUSD1Earn9.48%APR
The stablecoin market is evolving fast, and USD1 is emerging as one of the most compelling yield opportunities in the space right now. If you have been sitting on idle stablecoin balances, this is the moment to put them to work.
USD1, issued by World Liberty Financial, has grown its supply to approximately $4.84 billion, cementing its position as a serious institutional-grade settlement asset. The stablecoin has seen rapid adoption across major exchanges, and Gate has become the second-largest holder of USD1 among centralized exchanges a milestone that underscores the depth of institutional confidence in this asset.
Market Overview
Gate's Soft Staking program for USD1 offers an estimated annual percentage rate of up to 9.48% APR, with no lock-up period and no extra steps required.
That is the key selling point.
You can continue trading, maintain margin positions, and still earn yield on your USD1 holdings simultaneously. There is no sacrifice of liquidity for yield.
In a market environment where BTC is probing the $60,000 support level and crypto volatility remains elevated, having a stablecoin position that generates nearly double-digit returns while remaining fully liquid is a strategic advantage.
The Numbers
Consider the math.
A $10,000 USD1 position staked at 9.48% APR generates approximately $948 in annual yield.
Compare that with:
Traditional savings accounts yielding under 1%.
USDC lending protocols on Aave offering around 5%.
The difference becomes obvious.
The APR is based on simple interest rather than compounding, but even without compounding, the effective return remains highly competitive against most low-risk alternatives across both crypto and traditional finance.
Additional Benefits
Gate has also introduced the USD1 Points Program in partnership with WLFI, creating the first rewards initiative designed specifically for USD1 holders.
Users can earn points by:
Trading USD1.
Holding USD1.
Participating in eligible investment products involving the stablecoin.
These points unlock additional platform benefits, expanding USD1's utility beyond simply acting as a settlement asset.
Regulatory Outlook
There is also an important regulatory angle worth monitoring.
The CLARITY Act, a comprehensive U.S. crypto market-structure bill, has already passed the House and a Senate committee but remains stalled amid political disputes related to crypto holdings, including USD1.
At the same time, Senate lawmakers are requesting investigations into significant foreign investment linked to World Liberty Financial.
While these developments introduce short-term regulatory uncertainty, they also demonstrate USD1's growing systemic importance.
Regulators are paying attention because the asset has become large enough to matter.
Final Outlook
For traders navigating today's macro environment where U.S. PCE inflation has climbed to 4.1% and the Federal Reserve continues signaling the possibility of another rate hike stablecoin yield strategies provide an attractive way to remain invested without taking significant directional market risk.
USD1's 9.48% APR through Gate Soft Staking is more than just an advertised number.
It reflects genuine market demand for the asset and presents an opportunity worthy of consideration within a diversified crypto portfolio.
The bottom line is simple:
Hold USD1, stake it on Gate with zero lock-up, earn up to 9.48% APR, and remain fully liquid so you can respond quickly whenever new market opportunities appear.
That is exactly the type of asymmetric setup experienced traders look for.
#USD1
@Gate_Square

#MinnesotaPredictionMarketBanBlocked
LEGAL SHOWDOWN OVER PREDICTION MARKETS
The future of prediction markets in the United States took a major turn on July 27, 2026, when a federal judge blocked Minnesota's groundbreaking prediction market ban before it could take effect. The decision allows platforms such as Kalshi and Polymarket to continue operating in the state while a broader legal battle unfolds over whether states have the authority to prohibit federally regulated event contracts.
KEY COURT DECISION
U.S. District Judge Katherine Menendez in Minneapolis issued a preliminary injunction preventing Minnesota from enforcing the law that Governor Tim Walz signed in May 2026. The legislation was scheduled to become effective on August 1 and would have made operating a prediction market within Minnesota a felony. If implemented, it would have been the first state law in the nation to completely ban prediction markets instead of regulating them.
WHY THE LAW WAS CHALLENGED
An unusual coalition formed to oppose the legislation. The U.S. Department of Justice, the Commodity Futures Trading Commission, Kalshi, and Polymarket each challenged the law, arguing that the Commodity Exchange Act grants exclusive authority over prediction markets and event contracts to the federal government. Their position was that states cannot override this federal framework by introducing separate bans.
THE COURT'S REASONING
Judge Menendez concluded that federal law is likely to preempt Minnesota's statute. According to the ruling, several event contracts offered by Kalshi and Polymarket satisfy the federal legal definition of a "swap" under the Commodity Exchange Act. Because these contracts fall within federal jurisdiction, the court found that Minnesota's attempt to prohibit them is unlikely to withstand legal review.
STATE VS FEDERAL AUTHORITY
Minnesota argued that prediction markets function as wagering systems, allowing consumers to speculate on sports, elections, entertainment, and world events, making them comparable to illegal gambling. The court, however, determined that federal regulation of qualifying event contracts likely overrides conflicting state restrictions. This creates an important distinction between federally regulated financial products and state gambling laws.
BUSINESS IMPACT
Kalshi and Polymarket maintained that the ban would create irreparable harm by disrupting a nationally unified prediction market. The companies also argued that restrictions on promoting their services raised First Amendment concerns. While those constitutional arguments remain unresolved, the court determined they were unnecessary to address during the preliminary injunction stage. Judge Menendez also indicated that future rulings could narrow the scope of the injunction if certain contracts are ultimately found not to qualify as federally regulated swaps.
WHY THIS CASE MATTERS
The decision represents one of the most important legal developments for the prediction market industry. Although multiple states have challenged these platforms through regulatory actions, Minnesota became the first to pass legislation making their operation a felony. Blocking that law signals that federal courts may increasingly recognize prediction markets as financial instruments governed by federal law rather than activities controlled by individual state gambling statutes.
BROADER IMPLICATIONS FOR CRYPTO
The outcome reaches beyond prediction markets alone. For the digital asset industry, the ruling strengthens the argument that federally regulated blockchain-based financial products receive meaningful protection from conflicting state-level prohibitions. That principle could influence future disputes involving tokenized assets, decentralized exchanges, and other crypto-native financial services operating within federal regulatory frameworks.
Prediction market platforms will continue operating in Minnesota while the lawsuit proceeds through the courts. The final outcome has the potential to establish a lasting precedent for how prediction markets are regulated across the United States and may shape the relationship between federal oversight and state authority for years to come.
@Gate_Square

Gate Square Daily | July 28
We've rounded up today's top market stories.
Now the question is:
Where do you think the market goes next? 👀
👇 Join the discussion on Gate Square.