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LINK $10.05 +1.77%
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XLM $0.1617 -0.12%
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The number of participants in Gate WCTC S8 has surpassed 56,000, unlocking a prize pool of 880,000 USDT

According to the official page, the Gate WCTC S8 global trading competition continues to gain popularity. Currently, the number of registered participants has reached 56,000, with over 8,000 teams participating, and the total unlocked prize pool has reached 880,000 USDT.As one of the key events for Gate's 13th anniversary, WCTC S8 officially started on April 23 and has now entered the second half of the team competition phase. The event features a parallel mechanism of team competitions, individual competitions, and 1v1 PK matches, covering different types of trading users. Among them, the team competition ranks based on yield and trading volume, while the individual competition covers the entire trading cycle, and the PK matches further enhance the event's real-time interactivity.Compared to previous editions, this year's event has further expanded in trading dimensions, integrating spot, contract, and some TradFi assets into a unified statistical system. Meanwhile, the prize pool adopts a dynamic unlocking mechanism, continuously releasing rewards as the number of effective participants increases.Currently, WCTC S8 has become one of Gate's key annual global trading events. As the event progresses, the scale of participation, prize pool data, and platform trading activity are all showing growth, further demonstrating the driving effect of large trading competitions on user participation and multi-asset trading scenarios.

Morgan Stanley E*Trade officially enters the retail crypto trading market with a 50 basis point fee rate, while Coinbase and Block both release their Q1 2026 financial reports after the market closes today

According to BBX data, yesterday Wall Street institutions made a significant breakthrough in retail crypto layout, and today the dual verification point of the earnings season is approaching. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) disclosed via Bloomberg on May 6 that its ETrade platform officially launched a pilot for crypto spot trading, with a fee structure of 50 basis points per transaction amount, lower than Coinbase (retail rates vary by tier and payment method, potentially exceeding 50 basis points), Robinhood (approximately 100 basis points, according to media estimates), and Charles Schwab (75 basis points); initially supporting three major assets: BTC, ETH, and SOL, with liquidity, custody, and settlement services provided by Zerohash; the pilot is currently aimed at a select group of users, with plans to open to all 8.6 million ETrade customers by the end of 2026. Head of Wealth Management Jed Finn characterized this move as "reverse disruption of disruptors," and Morgan Stanley is simultaneously advancing its application for a national trust bank license to achieve self-custody, with plans to launch Ethereum and Solana spot ETFs.Coinbase Global, Inc. (NASDAQ: $COIN) will release its Q1 2026 earnings report after the market closes today (May 7), with the earnings call scheduled for 2:30 PM (PT); analyst consensus expects Q1 revenue of approximately $1.5 billion (a year-on-year decrease of about -26%), and EPS of about $0.23---$0.36 (a significant decline from $1.94 in the same period last year); the relative resilience of subscription and service revenue (including stablecoins, custody, and staking) will be the core metric of most interest today.Block, Inc. (NYSE: $XYZ) will release its Q1 2026 earnings report after the market closes today (May 7), with an earnings call at 2:00 PM (PT); analyst consensus expects revenue of approximately $6.04 billion to $6.11 billion (a year-on-year increase of +5.79%), and EPS of $0.68 (an increase of about 21% from approximately $0.56 in the same period last year); consensus for Bitcoin ecosystem revenue is expected to be about $2.11 billion (down from $2.30 billion in the same period last year); Evercore ISI maintains an "Outperform" rating with a target price of $96 (implying about 35% upside from the current stock price of $70.92), focusing on the recovery progress of the fundamentals of the two major business lines, Square and Cash App.

Binance launches withdrawal lock feature to address risks of "wrench attacks" and other offline coercion

According to market news, Binance has announced the launch of a user-controlled "Withdraw Protection" feature, aimed at preventing offline coercion attacks (commonly known as "wrench attacks") against cryptocurrency holders. This feature allows users to actively lock their account withdrawal permissions for 1 to 7 days and provides a stricter "lock mode," which cannot be lifted early during the set period.Binance stated that this locking mechanism cannot be overridden by platform customer service but is controlled by internal policy, not an on-chain cryptographic lock. Binance's Chief Security Officer, Jimmy Su, indicated that this move stems from the risk trends observed on the platform, including cases where some users in high-risk areas have been forced to transfer funds. By setting a withdrawal delay, it can buy users time to respond and recover in extreme situations.Data shows that incidents of offline coercion against cryptocurrency users are significantly rising in 2025, with related attacks often bypassing traditional account security mechanisms, as the actions are completed by the users themselves under pressure. Industry insiders believe that the time-lock mechanism can change this risk model to some extent. Binance emphasizes that this feature does not affect law enforcement agencies' ability to act in accordance with the law, while also advising users to strengthen API key management and privacy protection to reduce the risk of being targeted.
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