BTC $83,251.67 -1.48%
ETH $2,679.09 -0.23%
BNB $762.45 -2.41%
XRP $1.49 -1.70%
SOL $118.29 -3.00%
TRX $0.3353 +0.43%
DOGE $0.0937 -3.50%
ADA $0.2469 -3.72%
BCH $309.02 -6.61%
LINK $15.48 +10.07%
HYPE $86.72 -4.36%
AAVE $148.33 -3.75%
SUI $1.14 -10.31%
XLM $0.2290 +4.91%
ZEC $1,465.64 -7.20%
AAPL $338.39 -0.51%
AMZN $246.44 -1.16%
GOOGL $342.40 -0.18%
MSFT $508.89 -1.27%
META $717.34 -2.67%
NVDA $228.60 +1.65%
TSLA $357.71 -3.68%
SNDK $1,705.14 -2.78%
INTC $115.29 -5.38%
SPCX $145.85 -2.54%
MU $1,050.32 -2.74%
AMD $607.04 -3.32%
BTC $83,251.67 -1.48%
ETH $2,679.09 -0.23%
BNB $762.45 -2.41%
XRP $1.49 -1.70%
SOL $118.29 -3.00%
TRX $0.3353 +0.43%
DOGE $0.0937 -3.50%
ADA $0.2469 -3.72%
BCH $309.02 -6.61%
LINK $15.48 +10.07%
HYPE $86.72 -4.36%
AAVE $148.33 -3.75%
SUI $1.14 -10.31%
XLM $0.2290 +4.91%
ZEC $1,465.64 -7.20%
AAPL $338.39 -0.51%
AMZN $246.44 -1.16%
GOOGL $342.40 -0.18%
MSFT $508.89 -1.27%
META $717.34 -2.67%
NVDA $228.60 +1.65%
TSLA $357.71 -3.68%
SNDK $1,705.14 -2.78%
INTC $115.29 -5.38%
SPCX $145.85 -2.54%
MU $1,050.32 -2.74%
AMD $607.04 -3.32%

global

All
Article
Flash

Analysis: Global debt continues to rise, Bitcoin benefits from the decline in fiat currency purchasing power

According to Forbes, Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the "currency depreciation trade" surrounding the decline in purchasing power of fiat currency has become one of the factors driving up assets like Bitcoin and gold.Data from the Institute of International Finance shows that global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. The U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare spending, and only lower than Social Security spending. The institute warns that as benchmark interest rates rise, interest costs will also increase.Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for "currency depreciation assets" like Bitcoin and gold, which is part of the reason for Bitcoin's recent rise. The larger the debt of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades.Analysts from The Kobeissi Letter pointed out that the purchasing power of the dollar has declined by 23% since 2020; if assets only increased by 30% during the same period, investors have essentially just broken even in terms of real purchasing power. The U.S. inflation rate has been above the Federal Reserve's 2% target for 60 consecutive months.

Glassnode: Gate ranks among the top three globally in BTC spot trading volume, achieving first place in both two-year ranking and share growth

According to Glassnode's latest report "The Week On-chain - Escape Velocity," among the major exchanges tracked by Glassnode, Gate has risen 4 positions in the BTC spot trading volume rankings over the past two years, achieving the largest increase on the list and ranking third globally. During the same period, Gate's market share of BTC spot trading volume within the statistical scope surged from 2% to 9.1%, a net increase of 7.1 percentage points, the highest growth among all exchanges.The report indicates that Gate's rise is characterized by long-term effectiveness and sustainability. Over the past 24 months, Gate has remained in the top three for BTC spot trading volume for 9 months, demonstrating a continuously strengthening market competitiveness. As an exchange leading in both ranking improvement and market share growth among major platforms, Gate's trading activity and market participation in the BTC spot market continue to expand.Glassnode also pointed out that the 24-hour spot trading volume across all exchanges has rebounded by 121% from the low in August, and the returning funds are flowing to multiple trading platforms. Against the backdrop of an overall recovery in market activity, Gate's simultaneous improvement in market share and global ranking is particularly remarkable, fully showcasing its sustained growth momentum and increasingly expanding industry influence in the BTC spot market.

Gate Voyage Bali event successfully held, bringing together nearly 200 global guests to discuss ecology and market development

Gate Voyage launched a series of events in Bali, focusing on topics such as ecological construction, global development, TradFi, and diversified assets, featuring multiple themed sharing and exchange sessions. Nearly 200 industry guests, partners, and content creators from around the world participated, sharing market observations and business practices from different perspectives in a setting that combined exclusivity with a vacation atmosphere.During the event, Gate founder and CEO Dr. Han delivered a speech via video link, reflecting on Gate's 13-year development journey and the milestone of surpassing 60 million users, while sharing insights on industry cycles, long-term construction, ecological cooperation, and future product layout. Gate Executive Director Edwin Cheung and CMO Kyle Chiu shared insights on ecological development and global growth, respectively; Media Studio and VIP Masterclass focused on topics such as stocks, tokenized assets, Pre-IPO, prediction markets, and wealth management, exploring the linkage between digital assets and traditional financial markets.At the same time, the KOL Creator Battle gathered creators from around the world to co-create content around themes such as Gate Card, traditional finance, wealth management, and partners. The event also included interactive segments like Bingo and AMA, integrating industry exchanges into exquisite luncheons, yacht trips, terrace BBQ parties, and high-end gala dinners. In-depth exchanges among global guests extended from the venue to dining tables and social moments, fostering discussions on collaboration in a relaxed and enjoyable atmosphere.This event connected industry exchanges and content co-creation through a carefully designed vacation setting, bringing together global markets and ecological resources to provide a communication platform for participants from various fields. In the future, Gate will continue to connect global partners and industry resources, working together to build an open, inclusive, and prosperous crypto ecosystem.
app_icon
ChainCatcher Building the Web3 world with innovations.