Gate Update: CXMT Futures Launch On 470% IPO Surge, Exchange Leads CEX Inflows With $288M
Gate had a busy Sunday, with headlines spanning a dramatic semiconductor IPO play, record-setting capital inflows, and a treasured metals market flexing recent muscle. As ChangXin Memory Technologies (CXMT) made its debut on the Shanghai Stock Exchange STAR Market with a gap surge of over 470%, Gate moved shortly to launch CXMT perpetual futures, giving world customers a technique to commerce value publicity to one in all China’s most-watched semiconductor listings via a digital asset platform.
Meanwhile, DefiLlama knowledge confirmed Gate’s place on the prime of the worldwide CEX rankings for 7-day internet inflows, with $287.98 million recorded over the previous week — the best determine amongst all centralized exchanges. On the commodities facet, Gate’s treasured metals futures noticed gold (XAU) attain an intraday high of $4,116.37, with open curiosity in each XAU and XAG futures putting Gate among the many prime two platforms within the business. Below is a roundup of the remainder of the day’s updates.
Staking & Yield
Gate’s 367th Launchpool cycle, working July 21 via August 4, is centered on ANTFUN, with a shared reward pool of three,756,574 ANTFUN throughout three staking choices. The USDT pool is providing an estimated 5.38% APR on practically 64 million USDT staked, whereas the GUSD pool combines a 3.96% pool APR with a 3.80% subscription yield for an estimated complete return of seven.76%. The ANTFUN-exclusive pool stands out with an estimated 87.42% APR. Alongside Launchpool 367, the continuing SLX cycle (Phase 366) helps BTC, ETH, and SLX staking, with SLX providing a peak APR of 65.89%.
On the stablecoin facet, Gate GUSD complete subscriptions have crossed $217 million. The platform has upgraded its versatile Treasury product, providing 3.8% APR with day by day earnings and no lockups. New customers can entry a limited-time 100% APR promotional price. The product accepts USDT, USDC, and USD1 at a 1:1 conversion to GUSD, and a no-loss on the spot redemption characteristic permits customers to transform again to their unique forex in actual time throughout the redemption quota, with charges waived.
New Listings & Trading Products
Gate listed AEON (AEON) for spot buying and selling on July 27 at 11:00 UTC, with Convert buying and selling following at 12:00 UTC.
For customers drawn to short-term directional performs, Gate’s Event Contracts product — targeted on BTC and ETH price-direction forecasting over home windows of 5 minutes to 4 hours — is working a brand new person marketing campaign beginning July 27. The first 4,000 customers to put up a loss on their opening commerce will obtain compensation capped at $5, drawing from a $20,000 prize pool. Users should register earlier than buying and selling to qualify.
Prediction Markets & Esports
Gate Polymarket’s esports section continues to construct quantity. The BNK FEARX vs. Gen.G League of Legends matchup is presently the point of interest, with cumulative buying and selling quantity exceeding $138,000 and Gen.G holding roughly 68% of prediction help. Gate’s broader Esports Trading Season, working July 20 via August 10, carries a 200,000 USDT prize pool and contains newcomer rewards, weekly duties, and a prediction leaderboard. Gate stays the primary centralized trade to combine Polymarket, accessible by way of the Alpha part of the Gate App.
Equities & Global Stocks
Gate’s equities enterprise continued to develop on a number of fronts. The platform accomplished money dividend distributions for 51 U.S. shares, together with Micron Technology, Oracle, Disney, Philip Morris, TotalEnergies, and Comcast, with payouts made in USDT on a pro-rata foundation. The distribution spanned sectors from semiconductors and power to healthcare and media.
In Hong Kong markets, a number of small-cap names noticed sharp strikes on July 27. SureAsia Holdings gained 22.02% to HK$3.38, CHUNCHENG THERMAL rose 20.00% to HK$1.80, and YONGLIANFENG HOLDINGS climbed 18.51% to HK$0.96. In Korean equities, SK hynix rose 3.24%, buying and selling at roughly $1,243.86. Gate Stocks helps over 12,500 world fairness and ETF belongings throughout U.S., Hong Kong, and Korean markets, with 24/7 buying and selling, fractional share choices from 0.01 shares, and USDT-based settlement.
Reinforcing its equities ambitions, Gate introduced the appointment of Lucas Sum as Head of Market Development, Equities. Sum brings near a decade of expertise in multi-asset brokerage and wealth administration, with earlier roles at Longbridge Securities and Moomoo Singapore (Futu Holdings), the place he led market enlargement and partnership technique. In his new function, Sum will oversee Gate’s industrial development, ecosystem partnerships, and world equities market growth.
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