Sakura_3434

#DirectIPOSeason2JerseyMikes
Gate Direct IPO Access Season 2 Begins — Jersey Mike's
(JMKE) is a sandwich chain backed by Blackstone with over 3,300 locations across the US and Canada. Estimated price range: $21-25/share.
Subscribe with USDT or GUSD. Allocated shares will be transferred directly to your Gate stock account with no lock-up period.
Following SpaceX in Season 1, this marks the second time retail users can participate in a US IPO using USDT.
Subscriptions open July 27 at 10:00 AM (UTC+8).
* Company: Jersey Mike’s (stock code: JMKE)
* Business: Sandwich chain with over 3,300 locations in the US and Canada.
* Backer: Blackstone.
* Estimated price range: $21-25/share (final IPO price subject to change).
* Participation method: Subscription via USDT or GUSD.
* Allocated shares: It is stated that the shares will be transferred directly to your share account on Gate and there will be no lock-up period.
* This is a pre-IPO demand collection process; submitting a demand does not guarantee that you will receive all the shares you wish to purchase.
* The “indicative price range” ($21-25) is only an estimated price range.
* While participating in US IPOs has high return potential, prices can be quite volatile in the initial trading days.
* This Gate service is available depending on your country and the verification status of your account.
The Jersey Mike’s IPO is one of the most talked-about consumer company IPOs of recent times. However, it is important to evaluate both its strengths and weaknesses when making an investment decision.
Strengths
1. Strong brand and growth
* The company has more than 3,300 branches in the US and Canada.
* Because it largely operates on a franchise model, its capital needs during growth are relatively low.
* In 2025, revenue increased by approximately 11% to US$724 million, and adjusted EBITDA rose to US$339 million.
2. Blackstone Support
Blackstone's majority shareholding can be seen as positive in terms of corporate governance and growth. However, it will largely retain control even after the IPO.
3. Growth Potential
The company aims to open thousands of new stores and grow in international markets in the long term.
Risks
1. Valuation is Not Cheap
* IPO price range is US$21–25.
* This pricing gives the company a market capitalization of approximately US$6.7–7.9 billion.
* This valuation corresponds to approximately 24 times the 2025 adjusted EBITDA level; a high multiple compared to many restaurant chains.
2. Most IPO Proceeds Do Not Go to the Company
Approximately 68% of the shares offered are from the sale of existing partners. In other words, the majority of the money raised will go to existing investors (Blackstone and other shareholders), not the company. This situation may be viewed negatively by some investors.
3. Debt Level
The company has approximately $2.1 billion in debt. While a portion of the IPO proceeds will be used to reduce this debt, the leverage level is still a factor to consider.
4. Slowdown in Same-Store Sales Growth
Although growth continues, it is noted that the rate of increase in same-store sales has slowed compared to previous years.
How would I approach this?
Short-term (IPO excitement):
* If there is strong demand in the first few days of trading, the price may rise rapidly.
* However, sharp pullbacks can also be seen, just like the sharp rises experienced in the first day of IPOs.
Long-term (3-5 years):
* The company has a quality brand and a strong franchise model.
* However, the current pricing may already reflect a significant portion of this growth.
Scoring
Criteria Evaluation
Business Model ⭐⭐⭐⭐⭐
Growth Potential ⭐⭐⭐⭐☆
Financial Strength ⭐⭐⭐⭐☆
Valuation ⭐⭐⭐☆☆
Risk Medium
Overall Rating: 8/10
While it appears to be a high-quality company in the long term, the IPO price is quite ambitious. If you are considering participating, a more cautious approach might be to invest with a small portion of your total portfolio (e.g., 2-5%). It would also be beneficial to closely monitor price movements on the first trading day.

‍#夏日创作营
My first esports betting journey
Recently, Gate opened the Esports Peak Trading Season, and the prediction markets instantly became hot again! It’s said that Gate Exchange is now the business-volume largest partner among the cooperation channels with Polymarket. With the principle of trying everything “for a taste,” Xiao Cai Shen also tried his own first esports prediction order:
Because of my (fortunate—painful) experience betting on the World Cup, it’s safe to say that placing bets on esports matches is now a walk in the park. All you need is a few simple steps on Gate to place a bet easily. Open the app (friendly reminder: it’s best to upgrade the app to the latest version—at least V8.0), find the “Esports Peak Trading Season” button, enter the “Esports” section of Polymarket prediction markets, and then look for the event you want to bet on. The esports projects I’m most familiar with are Honor of Kings and DOTA2. Coincidentally, that day was the finals of EWC Esports World Club Cup’s DOTA2 event. With the Chinese team down to only the VG team left as the lone seed, I didn’t need to think too much—I placed a bet on VG. Of course, even though Xiao Cai Shen hasn’t watched matches for a while, he also knows the current strength of the domestic knife-circle scene. Winning the championship is definitely a bit difficult, so I only put in 10u😂. The final result was also within expectations: VG lost to the BB team in the semifinals, so these 10u are basically paying for fandom… After that, I thought that TI2026 is about to start soon. I originally wanted to bet on TI’s championship as well, but I don’t know why bets related to TI2026 still haven’t been launched. Hopefully Polymarket can roll this out quickly—after all, the tournament starts on August 13, and this edition is also held in Shanghai!
Next, let me share with everyone how to participate in Gate’s Esports Peak Season:
1、Key activity information
Activity period: 2026-07-14 ~ 2026-08-08
Activity highlights: Predict global esports matchups and split the 200,000 USDT prize pool!
Activity type: Trading-based promotion
Current status: Ongoing
Registration steps:
1、Log in to your Gate account and make sure you’ve completed identity verification (KYC)
2、Go to the activity page—click the activity card at the top to jump directly, or use the page navigation bar to enter “Rewards Center” and find this activity
3、On the activity page, click “Register Now” to complete registration
4、After successful registration, enter the Gate Polymarket esports专区, choose an esports event or a championship prediction market, and complete the prediction trading to participate in the tasks
2、How to participate
The rewards for the Esports Peak Trading Season are divided into three major sections, with a total prize pool of 200,000 USDT. Details are as follows:
Activity 1: Esports prediction newcomer福利
Content: Complete a prediction trade for the first time in the Gate Polymarket esports section with ≥ 100 USDT, then you’ll receive 5 USDT prediction market experience vouchers. Limited to the first 500 participants—first come, first served.
Strategy: This is entry-level “free-ride”福利. You can accumulate trading volume—hitting a 100u trading volume target is not hard. Everyone should try to choose matches or events you have a stronger grasp on, and remember you can exit midway. If you’re not 100% sure, it’s better to stop while you’re ahead—just make sure the deal volume requirement is met.
Activity 2: Weekly prediction trading tasks
Content: Complete the specified cumulative prediction trading volume each week to unlock the corresponding experience voucher rewards. Tasks reset every week, so you can participate continuously.
Strategy: This depends on everyone’s available funds. You can set a target trading volume to “go for” based on your own capital, and then execute the trades accordingly.
Activity 3: Esports prediction trading leaderboard
Content: Users ranked in the top 100 by cumulative prediction trading volume and who also meet the minimum trading volume requirement will split 50,000 USDT.
Stacking rules: Weekly task rewards, leaderboard rewards, and championship prediction rewards can be stacked to obtain, and they are not mutually exclusive.
Strategy: Everyone should decide based on their own funds and the leaderboard’s real-time filled/成交 data. If you think you can make it into the top 100, then set up a corresponding betting plan and execute it. If you think it’s a bit too hard, there’s no need to force it.
Finally, just like football is round, esports matches are full of all kinds of uncertainty. The reasonableness of the BP, a player’s form, even whether a teamfight goes your way—an equipment choice can all change the final outcome. Everyone also needs to pay attention to risk. Try to choose matches you’re more confident about to place bets, and make your betting strategy based on your capital. And please don’t bet blindly just for “fandom” like Xiao Cai Shen. Last but not least, wishing everyone wealth every day!

Before Jersey Mike's ($JMKE) takes its direct IPO, spend 2 minutes to learn about this project.
🔹 One article to understand Jersey Mike's business model, development history, and core competitive advantages
🔹 In-depth analysis of the company’s valuation, past funding, investors, and use of proceeds
🔹 Comprehensive understanding of the IPO allocation mechanism, post-listing price fluctuations, and potential investment risks
🔹 Content compiled based on public information for reference only—please participate cautiously and make your own judgment
📅 Intended subscription: July 27 10:00 - July 29 10:00 (UTC+8)
View now: https://www.gate.com/ipos?tab=ipo-access
More details: https://www.gate.com/announcements/article/100826

$LINK Spot Chainlink ETF Receives $2.68 Million Inflow ✨
The Spot Chainlink ETF has seen an inflow of $2.68 million.
🔹 Inflow amount: $2.68 million
🔹 This move ends a two-week period of stagnation
🔹 Total holdings rise to 1.78% of the LINK supply
Following this inflow, the amount of LINK held by funds has become more visible within the supply and is interpreted as a renewed demand signal for the ETF.
DYOR 🔎 NFA ✔️
#SummerCreationCamp #夏日创作营

Jersey Mike's ($JMKE) is here! The North American food giant with over 3,300 locations is about to list on Gate直通 IPO.
🔹 Indicative bid price: $21–$25 per share
🔹 Supports $USDT & $GUSD dual-currency participation
🔹 Use $GUSD for subscription to earn a 3.8% holding yield
🔹 Check the project introduction, subscription rules, and risk notices in advance to get ready for your subscription
📅 Indicative subscription time: July 27 10:00 - July 29 10:00 (UTC+8)
View now: https://www.gate.com/ipos?tab=ipo-access
More details: https://www.gate.com/announcements/article/100826

Brent Oil Rises Above $100 Again in Markets ✨
Brent oil officially rose above the $100 per barrel level again, increasing by approximately 42% in just 20 days.
🔹 Current level around $100.74, intraday increase approximately 7.1%
🔹 20-day increase approximately 42%
🔹 WTI around $91.40, increase approximately 5.3%
🔹 Triggering factors: US-Iran tensions and slowdown in tanker traffic in the Strait of Hormuz
🔹 Additional pressure: Houthi-related tanker attacks in the Red Sea and increased risk in the Bab el-Mandeb pipeline
The Strait of Hormuz carries approximately 20% of global oil flow and has been effectively restricted in recent weeks. The Red Sea pipeline carries approximately 7% of global flow, and attacks on this pipeline have created concerns about a second bottleneck.
According to Goldman Sachs' scenario analysis, if the Hormuz restrictions continue, Brent crude could fall to the $110-$120 range. In a more optimistic scenario, if flows recover, prices are expected to fall to around $80 by the end of summer.
On the market side, oil stocks found support from the rise, while broader indices remained under pressure. S&P 500 futures fell by approximately 1.1%. In Europe, strategic reserves are expected to be used more sparingly this time, and OECD stocks being below the five-year average is reducing the buffer.
In summary, the $100 threshold is once again emerging as a psychological and technical benchmark, and the upward risk premium is maintained as long as supply disruptions continue.
$XBRUSD $XTIUSD $CL
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营 #Oil

#EventContractsLaunch
Gate has officially launched Event Contracts, a groundbreaking product that is changing the way traders participate in prediction-based trading on the platform. This is not just another feature update — it is a whole new category of trading that is simple, transparent, and designed for everyone from beginners to experienced traders. Here is everything you need to know in detail so you can start participating right away and make the most of the launch carnival rewards.
What Are Event Contracts?
Event Contracts are a type of derivative product that defines a specific event in natural language and determines your payout based on the final outcome of that event. Each pair of event contracts represents a contract with a potential payout of 1 USDT. The concept is straightforward — you simply choose a direction based on your own judgment and purchase the corresponding contract shares. The current price of the contract reflects the market collective assessment of the probability of that event occurring. For example, if a Call contract for BTC going Up in the next 5 minutes is priced at 0.65 USDT, it means the market collectively estimates approximately a 65 percent probability that BTC will go Up during that period. The lower the price, the lower your participation cost, and the higher the price, the greater the likelihood the market assigns to that outcome.
How Does Settlement Work?
When an event contract reaches its expiration time, the system automatically completes settlement with no manual action required from you. This is one of the biggest advantages — everything is handled automatically. If your prediction is correct, each winning contract share you hold is settled at 1 USDT with no settlement fee. If your prediction is incorrect, the corresponding contract value goes to zero, again with no settlement fee. The settlement price is sourced from Chainlink data feeds, specifically the BTC/USD feed from Chainlink streams, which ensures transparency and reliability. After the market ends, the current-price label changes to settlement price so you can clearly see the verified outcome. Funds are automatically credited to your account and settlement details are synchronized to your account records in real-time.
Core Product Mechanism — Low Minimum Entry
One of the most attractive features of Event Contracts is the extremely low minimum entry barrier. Each contract is priced from 0.01 to 0.99 USDT, reflecting the market probability pricing for that outcome. The minimum trade amount is just 1.5 USDT to participate in event trading. This means you can start trading with a very small amount, making it accessible to virtually anyone. Consider this example — if you buy 1 share for 0.01 USDT of a Call contract and your prediction holds at settlement, that share becomes worth 1 USDT. That is a potential 100x return on a tiny investment. Of course, if your prediction is wrong, you lose only the small amount you paid, which is 0.01 USDT in this case.
No Leverage — Easier Risk Control
Event Contracts do not offer leverage and have no liquidation or margin call mechanism. This is fundamentally different from traditional futures or perpetual contracts where leverage can amplify both gains and losses. With Event Contracts, your maximum loss is simply the amount you paid when purchasing the contract shares. There is no risk of being liquidated, no need to monitor margin levels, and no concern about sudden market moves wiping out your position beyond your initial investment. This makes risk control significantly easier and more predictable. You know exactly what you stand to gain and what you stand to lose before you even place the trade.
Early Close — Flexible Take-Profit and Stop-Loss
Before the event ends, you can sell your holdings at any time via the Order Book. This means you are not locked into your position until expiration. If you see the contract price moving favorably, you can sell early to realize profits without waiting for settlement. Similarly, if the market moves against your prediction, you can cut your losses early by selling your shares before the event concludes. This flexibility gives you the ability to manage your trades actively with take-profit and stop-loss strategies, just like in traditional markets, but without the complexity of margin and leverage management.
First Batch Supported Assets and Time Cycles
The initial release of Event Contracts supports BTC and ETH as the underlying assets for price direction events. Supported time periods include 5-minute, 15-minute, 1-hour, and 4-hour short-cycle events. These time frames are designed for traders who want to capitalize on short-term price movements without the complexity of traditional derivatives. More assets and additional time periods are planned to be added in the future, expanding the range of events you can participate in. The settlement for BTC and ETH markets is sourced from Chainlink data feeds, ensuring that the price reference is transparent and independently verified.
Buy Call vs Buy Put — How to Choose Your Direction
Each market in an Event Contract generates two shares — Bullish and Bearish, which correspond to Call and Put contracts. If you believe the defined event will occur, such as BTC price going Up in the next 5 minutes, you buy Call shares at the current price. If you believe the event will not occur, such as BTC price going Down, you buy Put shares at the current price. The price of each side reflects the market probability assessment. A Call priced at 0.70 USDT means the market sees roughly a 70 percent chance of the event happening, while the corresponding Put would be priced around 0.30 USDT, reflecting a 30 percent chance of the event not happening. You choose your direction based on your own analysis and judgment, and the potential payout remains the same — up to 1 USDT per winning share.
How to Participate — Step by Step
Getting started with Event Contracts on Gate is simple. First, open the Gate App version 8.28.5 or later. Then navigate to the Futures page within the app. From there, switch to the Events tab to see all available Event Contract markets. Select the event you want to trade, choose your direction — Up or Down — pick a price in the Order Book, enter your quantity, and submit your order. First-time users of Event Contracts must complete the Innovation Trading Disclaimer quiz and sign the User Agreement before they can start trading. This is a one-time requirement designed to ensure that all participants understand the product rules and associated risks.
Launch Carnival — Share $50,000 in Airdrop Rewards
Gate is celebrating the launch of Event Contracts with a massive carnival offering $50,000 in total airdrop rewards. The event period runs from July 21, 2026 at 02:00 UTC through July 31, 2026 at 08:00 UTC. You must click the Join Now button on the event page to register and then trade Event Contracts during this period to qualify for rewards. There are three separate reward categories, each with its own prize pool and rules.
Reward 1 — First Order Loss Coverage with $10,000 Prize Pool. This reward is designed to give newcomers confidence. The first 2,000 users in order of trading time whose first trade results in a loss will receive compensation based on their actual loss amount, up to a maximum of $5 per user. This means even if your very first Event Contract trade goes wrong, you can still recover up to $5 of your loss. It is essentially a safety net for your first experience with the product, encouraging you to try Event Contracts without the fear of losing your entire first investment.
Reward 2 — Profit Doubling with $20,000 Prize Pool. Throughout the event period, all net profits you generate from trading Event Contracts will be doubled as rewards. The total prize pool for this category is $20,000, and the maximum reward for any single user is $500. Rewards are allocated in descending order of net profit until the pool is fully exhausted. This means the more profitably you trade, the more you earn — and Gate literally doubles your earnings as a bonus. This reward structure incentivizes skilled trading and rewards participants who make correct predictions consistently.
Reward 3 — Trade Sprint with $20,000 Prize Pool. This reward is based on cumulative trading volume rather than profitability. During the event, users whose cumulative Event Contracts trading volume — which includes both buy and sell transaction amounts — reaches $1,000 or more will share the $20,000 prize pool in proportion to their total trading volume. The maximum reward per user is $1,000. This means the more you trade, regardless of whether you win or lose on individual trades, the larger your share of the prize pool. It rewards active participation and is especially attractive for users who want to earn rewards through consistent trading activity.
Important Rules and Eligibility Requirements
All participants must complete Identity Verification before claiming any rewards. Only users who register and trade Event Contracts during the event period are eligible. Reward values displayed on the event page are estimated for reference only, and actual reward values are subject to official announcements and actual distribution results. All rewards will be issued within 7 business days after the event ends. Batch registration of subaccounts, malicious volume manipulation, wash trading, matched orders, and any other cheating behaviors are strictly prohibited. Multiple accounts under the same verified user will be treated as a single account. Users in the UK and other restricted regions may not be able to access all or part of the services. Please check the User Agreement for detailed information about restricted regions.
Why You Should Participate Now
Event Contracts represent a new era of trading on Gate — simple, transparent, low-cost, and without the complexity of leverage or margin management. With the launch carnival offering $50,000 in rewards across three different categories, there is something for everyone. Whether you are a confident predictor looking to double your profits, an active trader wanting to earn through trading volume, or a newcomer who wants a safety net on your first trade, this carnival has you covered. The event period is live right now and runs until July 31, 2026. Open your Gate App, update to version 8.28.5, go to Futures, switch to Events, and start trading. The sooner you begin, the more time you have to accumulate volume, generate profits, and maximize your share of the $50,000 reward pool.@Gate_Square #SummerCreationCamp

#SummerCreationCamp
#BTC
Bitcoin retreated to the $BTC level due to tensions with Iran and concerns about interest rates.
On Monday, Bitcoin fell slightly as escalating US-Iran tensions and rising interest rates pushed markets away from cryptocurrencies. The cryptocurrency, which showed little movement over the weekend, continued its decline.
The world's largest cryptocurrency fell 0.9% to the $XRP level. Transactions were recorded at 09:10. Bitcoin continues to remain in the trading range seen for much of the year. Confidence in cryptocurrencies remains weak. Bitcoin is also trading 50% below its record high in October and is experiencing significant losses this year.
US-Iran tensions escalate after weekend attacks
The increasing tension between the US and Iran continues to weigh on risk appetite. The two countries carried out reciprocal attacks over the weekend.
The US appears to be expanding the scope of its attacks against Iran.
Tehran retaliated by continuing its attacks on neighboring Gulf countries and targeting American bases in the region.
Following these developments, oil prices rose sharply. The aggressive stance of the US and Iran has halted maritime shipping in the Strait of Hormuz.
Rising oil prices have heightened concerns about energy-related inflation. This could push the Federal Reserve to raise interest rates later in the year.
The central bank is expected to leave interest rates unchanged at its July meeting. However, markets are on high alert for strong signals from policymakers. Recently, several Fed members have warned that raising interest rates may be necessary to combat persistent inflation.
Higher interest rates are negative for non-yielding assets like Bitcoin. Cryptocurrencies are also negatively affected by this.
Michael Saylor warns against Bitcoin blockchain upgrade.
Michael Saylor, President of Strategy and a Bitcoin supporter, issued a warning on Sunday against a proposed software upgrade for the Bitcoin blockchain.
The upgrade aims to temporarily restrict the blockchain from holding large amounts of non-monetary data, including Ordinals. It seeks to refocus on prioritizing the improvement of Bitcoin's monetary nature.
Saylor voiced his concerns in a social media post, saying it could invalidate some blocks. He argued that this should only be reserved for serious malfunctions.
He noted that the proposal does not fix known critical bugs.
Supporters of the upgrade think differently. They argue that the upgrade cleans spam from the blockchain. They say it reduces the unnecessary burden on node operators.
Today's cryptocurrency prices: Altcoins fall in the absence of positive signs
Broader cryptocurrency prices fell significantly on Monday. The weekend had been quiet. Crypto markets, along with Bitcoin, are underperforming this year.
Ether, the world's second-largest cryptocurrency, fell 0.7% to $ADA .
XRP fell 0.7%. Solana fell 0.2%. Cardano lost 2.4%. BNB fell 0.7%.
Dogecoin lost 1%, while $TRUMP fell 4.1%.
Bitcoin retreated to the $BTC level due to tensions with Iran and concerns about interest rates.
On Monday, Bitcoin fell slightly as escalating US-Iran tensions and rising interest rates pushed markets away from cryptocurrencies. The cryptocurrency, which showed little movement over the weekend, continued its decline.
The world's largest cryptocurrency fell 0.9% to the $XRP level. Transactions were recorded at 09:10. Bitcoin continues to remain in the trading range seen for much of the year. Confidence in cryptocurrencies remains weak. Bitcoin is also trading 50% below its record high in October and is experiencing significant losses this year.
US-Iran tensions escalate after weekend attacks
The increasing tension between the US and Iran continues to weigh on risk appetite. The two countries carried out reciprocal attacks over the weekend.
The US appears to be expanding the scope of its attacks against Iran.
Tehran retaliated by continuing its attacks on neighboring Gulf countries and targeting American bases in the region.
Following these developments, oil prices rose sharply. The aggressive stance of the US and Iran has halted maritime shipping in the Strait of Hormuz.
Rising oil prices have heightened concerns about energy-related inflation. This could push the Federal Reserve to raise interest rates later in the year.
The central bank is expected to leave interest rates unchanged at its July meeting. However, markets are on high alert for strong signals from policymakers. Recently, several Fed members have warned that raising interest rates may be necessary to combat persistent inflation.
Higher interest rates are negative for non-yielding assets like Bitcoin. Cryptocurrencies are also negatively affected by this.
Michael Saylor warns against Bitcoin blockchain upgrade.
Michael Saylor, President of Strategy and a Bitcoin supporter, issued a warning on Sunday against a proposed software upgrade for the Bitcoin blockchain.
The upgrade aims to temporarily restrict the blockchain from holding large amounts of non-monetary data, including Ordinals. It seeks to refocus on prioritizing the improvement of Bitcoin's monetary nature.
Saylor voiced his concerns in a social media post, saying it could invalidate some blocks. He argued that this should only be reserved for serious malfunctions.
He noted that the proposal does not fix known critical bugs.
Supporters of the upgrade think differently. They argue that the upgrade cleans spam from the blockchain. They say it reduces the unnecessary burden on node operators.
Today's cryptocurrency prices: Altcoins fall in the absence of positive signs
Broader cryptocurrency prices fell significantly on Monday. The weekend had been quiet. Crypto markets, along with Bitcoin, are underperforming this year.
Ether, the world's second-largest cryptocurrency, fell 0.7% to $ADA.
XRP fell 0.7%. Solana fell 0.2%. Cardano lost 2.4%. BNB fell 0.7%.
Dogecoin lost 1%, while $TRUMP fell 4.1%.
$DOGE ‌$XRP ‌$ADA ‌

GM. BTC spent the entire weekend trading around 65,000, and on Monday morning it still hadn’t picked a direction. But something on-chain has already landed—GateDEX has fully integrated Robinhood Chain. The fusion of CeFi and DeFi isn’t just a concept anymore; it’s already happening.