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The reward range for Gate Card points has been expanded, allowing card usage to unlock gold stablecoins and popular tokenized stock assets

According to official news, Gate will upgrade the Gate Card points reward program on August 14, 2026. After the upgrade, the assets that can be redeemed with Gate Card points will expand from primarily supporting USDT and GT to include USDT, GT, BTC, ETH, GUSD, as well as tokenized stock assets such as NVDAG, AAPLG, GOOGLG, SPCXG, TSLAG, MUG, SNDKG, and SKHYG, corresponding to Nvidia, Apple, Google, SpaceX, Tesla, Micron Technology, SanDisk, and SK Hynix. The newly added tokenized stock assets cover several popular fields such as AI, semiconductors, and consumer technology. After earning points through eligible daily spending, users can redeem mainstream crypto assets like BTC and ETH according to their preferences, or they can redeem corresponding tokenized stock assets like Nvidia, Apple, Tesla, and SpaceX. In addition, Gate Card points will also support the redemption of gold-backed stablecoins (XAUT), effectively enriching users' options for point redemption.The redemption ratio for Gate Card points remains at 100 points = 1 USDT equivalent asset, and points are permanently valid, with other core rules unchanged. Users can still earn cashback points through eligible Gate Card spending, with the cashback ratio continuing to be calculated based on the user's T0--T5 / VIP level. This upgrade will not affect the existing point acquisition mechanism but will provide users with more asset choices at the redemption end, expanding the application scenarios for Gate Card points. By upgrading the points reward program, Gate Card will further connect payment consumption with asset accumulation, offering users richer rights options and a more flexible asset management experience.

Data: Bitcoin volatility has dropped to a low point not seen in the past two years, and the market may be brewing for significant fluctuations

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's current volatility has compressed to very low levels, and the market has not yet formed a clear direction. The Bollinger Band width is currently around 3.8% to 3.9%, one of the lowest levels in the past two years, while it was still at double-digit levels at the beginning of July. He pointed out that a significant narrowing of the Bollinger Bands usually indicates that the market is entering a compression phase before volatility expansion, but this indicator alone cannot determine the direction of the next market trend.In terms of trend strength, the Bitcoin ADX indicator has currently dropped to 11, close to recent lows, and is significantly below the 25 threshold used by its model to confirm trends. Currently, TrendActive has not yet been activated, and neither bullish nor bearish signals have appeared; the last directional signal at the beginning of July was bearish, but the current market structure no longer confirms this signal. Adler stated that for the market to enter a new trend phase, the Bollinger Band width needs to expand again from the current compressed state, while the ADX breaks above 25. Subsequently, the direction can be judged based on the relationship between +DI and -DI: if one side leads by more than 5 points, it may trigger the corresponding bullish or bearish signal. He believes that Bitcoin is still in a consolidation phase, with both volatility and trend strength at low levels, and the risk of a false breakout in the short term still exists. The current structure increases the possibility of significant volatility expansion in the future, but it is still unclear whether the price will ultimately break upwards or downwards.

Wintermute: Capital rotation is withdrawing from the Bitcoin narrative, institutions may be accumulating as planned

Wintermute released a report stating that the upcoming U.S. CPI data to be announced on Wednesday will be key in testing whether the recent interest rate repricing can be sustained. The cryptocurrency market has joined the ranks of rising risk appetite. The U.S. spot Bitcoin ETF has seen a net inflow for five consecutive trading days, totaling $853.5 million, marking the best weekly performance since mid-April; the Ethereum ETF has also seen a net inflow for the fifth consecutive week, increasing by $244.9 million, with BlackRock accounting for over 80% of the combined inflow of $1.1 billion for both.These inflows occurred against a backdrop of relatively low trading volume, more characteristic of institutional planned allocations rather than aggressive momentum buying, and reversed the narrative of fund rotation away from Bitcoin over the past two weeks, indicating that ETF demand is being matched by supply from elsewhere.On the institutional front, Wells Fargo announced it will launch a tokenized deposit business this fall, starting with the USD-GBP corridor and operating on its own chain, joining the ranks of JPMorgan and Citigroup to bring settlement rails on-chain.Meanwhile, the Senate Majority Leader submitted a motion to end debate on the CLARITY Act early Saturday morning, which will undergo procedural voting on September 15, requiring support from at least seven non-Republican senators. The improvement in ETF inflows is encouraging but still represents a preliminary signal. A strong weekly performance alone is insufficient to confirm a structural shift; the entire risk asset sector has just been repriced due to one piece of data. If Wednesday's CPI exceeds expectations and pushes the probability of a rate hike in September back above 50%, it could quickly alter the core logic supporting the current upward trend.Recent key catalysts include the CPI on August 12, the PPI on the 13th, retail sales data on the 14th, followed by the Jackson Hole meeting from August 27-29, and the vote to end debate on the CLARITY Act on September 15. Until ETF inflows and digital asset treasury activities prove their sustainability throughout the remainder of the summer, it is advisable to remain cautious, even as the market increasingly trades on institutional terms.
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