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BTC $68,517.87 -4.13%
ETH $1,965.98 +0.03%
BNB $673.80 -1.04%
XRP $1.26 -2.28%
SOL $78.50 -1.29%
TRX $0.3392 -2.42%
DOGE $0.0978 -0.87%
ADA $0.2219 -2.46%
BCH $284.47 +0.32%
LINK $8.81 -0.92%
HYPE $73.48 +3.62%
AAVE $76.77 -3.51%
SUI $0.8416 -2.03%
XLM $0.2314 -10.03%
ZEC $573.04 +6.34%

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Gate supports trading of over 10,000 stocks and ETFs, with USDT for one-click configuration of global securities assets

According to the official announcement from Gate, the platform has officially launched real stock trading services, expanding the connection scenarios between crypto assets and traditional financial markets. Currently, Android users can experience stock trading features by updating the Gate App to the latest version, while iOS users can access related services after updating to version 8.21.5. Gate supports over 10,000 stocks and ETF assets, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, providing users with a richer selection of global securities asset allocation options.Relying on a unified account system, users can directly participate in stock trading on the Gate platform using USDT. At the same time, Gate's stock spot trading does not involve funding rates, swap fees, or overnight holding costs, which lowers the participation threshold and also provides a more convenient investment experience for users who are long-term holders of stock assets. Currently, Gate stocks support intraday trading, and in the future, it will gradually expand to 24/7 trading, bringing a more flexible and efficient trading experience to global users. Gate is further bridging crypto assets with traditional financial markets, and crypto asset accounts are gradually evolving into an investment gateway connecting global capital markets.

Santiment: The Bitcoin long-short ratio surged to 2.23, reaching a new high for the year, which may indicate a short-term correction

The crypto sentiment platform Santiment published an analysis stating that the ratio of positive to negative comments about Ethereum has shifted from a strong FOMO sentiment in late April to a clear FUD sentiment now. Harvard University completely liquidated its $87 million Ethereum ETF one quarter after buying in; researchers from the Ethereum Foundation announced their resignations; and David Hoffman publicly stated his exit from the Ethereum project. The Santiment team interprets this trend as a mildly bullish signal, similar to the significant rise that followed the mid-2023 market sentiment low.Despite the panic sentiment, the number of non-bearish wallets for Ethereum remains as high as 192.92 million, more than three times Bitcoin's approximately 59 million. The activity in DeFi and staking trading surged at the beginning of the year and has since normalized, but the creation of new wallets continues to maintain a healthy growth rate. Fundamental data such as holders and activity do not support the claim that "the Ethereum network is dying." Additionally, the long-to-short ratio for Bitcoin has reached 2.23, the highest level since 2026. Previously, the highest daily long-to-short ratios often resulted in short-term price corrections, while extremely low short ratios indicate a local bottom. The current optimism stands in stark contrast to the outflow of short funds from ETFs, thus caution is warranted.
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