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Flash

Gate DexBuilder launches its first event contract Builder, offering up to $3 million in support to Builders worldwide

According to the official announcement, Gate's DEX infrastructure platform Gate DexBuilder has officially launched its first event contract Builder and initiated a $3 million funding program, open for global project parties, developers, communities, and Web3 applications to collaborate, promoting the ecological construction of the event contract market.The event contract Builder is dedicated to lowering the development threshold for market products, providing partners with integrated infrastructure services covering market creation, trading, liquidity support, settlement, and operational management. Through infrastructure services such as APIs and SDKs, partners can quickly deploy branded event contract products without building the underlying trading and settlement systems from scratch.Currently, the program is open for applications from brokers and comprehensive trading platforms, crypto wallets, Web3 applications, media information platforms, AI Trading, AI Agents, quantitative trading platforms, as well as sports, esports, and entertainment products. Selected projects can receive up to $3 million in funding and ecological resource support, covering product research and development, technical integration, liquidity building, market promotion, and user growth.Jason Fung, the project leader of Gate DexBuilder and Head of Global Partnerships, stated that the development of the event contract market requires more application scenarios and infrastructure support. Gate DexBuilder hopes to lower the construction threshold through the event contract Builder, helping more partners explore innovative applications in the event contract market. In the future, Gate DexBuilder will continue to open up the infrastructure capabilities of the event contract market, working with global Builders to explore more innovative application scenarios and promote further development of the market ecosystem.

hot_img Silicon wafer supply tightens: 12-inch capacity is nearing full load, GlobalWafers signs a 10-year contract with Micron

According to the South Korean media The Elec, GlobalWafers stated during the Q2 earnings call that the production lines for 12-inch, 8-inch, and 6-inch wafers are nearing full capacity, with some advanced 12-inch products experiencing supply constraints due to a surge in demand for AI chips, HBM, and advanced packaging. Shin-Etsu Chemical achieved double-digit growth in 12-inch shipments both year-on-year and quarter-on-quarter in Q2, and Sungrow also believes that customer inventory adjustments are nearing completion. Although SK Siltron is gradually releasing capacity from new production lines, it is still difficult to meet the growth rate of orders.Tight supply is driving changes in long-term contract models, and GlobalWafers signed a 10-year LTA (including advance payment) with Micron last month. Prices in the non-LTA market have begun to rise and are expected to continue to increase in the second half of the year. GlobalWafers stated that it is negotiating with customers to incorporate price adjustment mechanisms into new contracts, and Nexchip also emphasized the need for "broad and meaningful price increases" to support reinvestment. Industry insiders expect that as new factories from Samsung, SK Hynix, and Micron come online, wafer demand will double in the second half of 2027, and supply shortages may further intensify.

Data: The market capitalization of USDT has dropped to historically extreme levels, and BTC's rebound faces liquidity contraction pressure

CryptoQuant analyst Moreno stated that USDT liquidity is experiencing one of the most severe contraction phases in history. The market value of USDT has decreased by about 4 billion dollars over the past 60 days, approaching historically low levels. At the same time, the liquidity contraction is still accelerating, with the USDT supply decreasing by about 870 million dollars in the past 11 days, indicating that this is not merely a lagging effect caused by previous redemptions.Stablecoins are the most direct source of available liquidity in the crypto market, and the continuous expansion of USDT is usually accompanied by stronger price performance of BTC, while prolonged contraction phases often correspond to weak demand, market corrections, and declining risk appetite. However, the correlation between USDT flows and BTC prices does not prove a direct causal relationship; both may be influenced by risk-averse sentiment, with redemption pressure and spot selling occurring simultaneously. The current decline in BTC is not an isolated event but is happening against the backdrop of a continuous shrinkage of one of the main sources of market liquidity, which also explains why the recent rebound has been difficult to sustain. To improve the market environment, we need to see the 60-day change in USDT stabilize, daily supply contraction slow down, and re-enter an expansion phase.
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