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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Cardano Faces $600M Audit Amid Token Misuse Allegations
Cardano is under intense scrutiny after founder Charles Hoskinson announced a full audit of Input Output Global (IOG), the company behind the blockchain, in response to allegations of misappropriating over $600 million worth of ADA tokens. The decision comes as Cardano's credibility is tested by accusations from within its own community.
The controversy centers on 318 million ADA tokens left unclaimed after Cardano’s 2017 ICO. Following the network's shift to decentralization with the Shelley upgrade in 2020, these tokens became unspendable. IOG reportedly moved the tokens during the upgrade process to ensure technical continuity, but the move sparked backlash from community members who viewed it as financial misconduct.
Hoskinson has firmly denied any wrongdoing and described the accusations as personal attacks. In a post on X, he emphasized the need for a transparent investigation and revealed that a comprehensive audit of IOG is underway. The audit aims to clarify the status and handling of the unclaimed tokens and to rebuild trust in the Cardano ecosystem.
Leading the audit are major firms: BDO International will oversee the financial side, McDermott Will & Emery will handle legal oversight, and an unnamed crypto analytics firm will provide documentation to ensure public transparency. Despite the gravity of the situation, no timeline for the audit’s findings has been confirmed.
Hoskinson, visibly affected by the backlash, has indicated he may step back from his public presence, potentially handing control of his social media to a team. He has taken similar steps in past controversies, including one involving the WALDE meme coin.
Beyond the internal drama, this case underscores broader questions facing the crypto industry: How should unclaimed ICO funds be managed? And what standards of transparency must blockchain foundations meet to maintain public trust?
The outcome of this audit could prove pivotal not just for Cardano, but for how the crypto world addresses governance and accountability in an increasingly decentralized future.