News linked to both this project and an event.
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
According to an official announcement, Gate has launched a limited-time USD1 staking program offering high yields. During the campaign period, users holding USD1 in their asset accounts (minimum holding requirement: 1 USD1) can earn up to 20% annualized yield. The annualized yield rate is adjusted daily based on the remaining monthly reward budget and the platform’s total effective USD1 holdings. The updated annualized yield rate is published daily around 14:00 (UTC+8). The system takes hourly snapshots of users’ USD1 balances to calculate the average holding amount for yield calculation. Yields are distributed to users’ asset accounts the following day. According to the announcement, USD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial. It is fully collateralized by U.S. Treasury bills and cash equivalents, designed to maintain a stable 1:1 peg with the U.S. dollar. As a regulated, reserve-backed asset, USD1 delivers the same price stability as traditional cash—on-chain and in digital form.
: According to official announcements, leading global digital asset platform Gate has officially launched a real stock market trading service, bridging the gap between crypto assets and traditional financial markets. Users can now directly trade stocks and ETFs listed on major exchanges like Nasdaq and the New York Stock Exchange (NYSE) using USDT on the Gate platform. Unlike common market practices of stock tokenization and RWA (Real World Asset) mapping, Gate Stocks focuses more on real market access and compliant trading capabilities. It connects with compliant broker-dealers holding US Broker-Dealer licenses and clearing qualifications, providing access to major US stock and ETF trading markets.Currently, Gate supports major US securities trading markets and liquidity networks including NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, covering over 10,000 stock and ETF assets. After completing KYC and regional access requirements, users can navigate to the stock section within the TradFi module of the Gate App to perform USDT transfers, view market data, and trade stocks, achieving integration between crypto asset accounts and traditional stock trading capabilities. Additionally, Gate Stocks operates an independent account system, allowing users to buy, hold, and sell stock assets with separate fund management. Compared to holding costs such as funding rates in perpetual contracts and swap fees or overnight fees in CFD products, Gate Stock spot trading offers zero holding costs, making it more suitable for users looking to hold US stocks for the long term. Android users can experience stock trading functionality after updating the Gate App to the latest version, while iOS users can access the service after updating to version 8.21.5.
Gate Europe will host the "Capital Social at Money20/20 Europe" industry networking event on June 2, focusing on key topics such as the integration of fiat and digital assets, institutional liquidity, cross-border payments, and institutional-grade settlement. The event is co-organized by Gate Institutional, Gate Fiat, and Gate Pay, and presented together with Utexo, OpenPayd, and CyantArb. It is expected to attract over 150 professionals from the payments, OTC, institutional trading, and fintech sectors.This event will feature in-depth discussions on capital flows in the digital asset era, global payment networks, on-chain settlement efficiency, and institutional infrastructure collaboration. The Gate senior management team and several industry guests will also share the latest trends and practices in areas such as institutional liquidity, fiat infrastructure, and payment synergies.As the European digital asset market continues to mature, institutional demand for compliant payments, stable liquidity, and cross-border clearing and settlement systems is growing rapidly. Gate is steadily advancing its European compliance efforts. Gate Europe, the Malta-based entity under the Gate Group, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance framework.
Odaily reports, In a recent video interview with Cointelegraph, Gate Founder and CEO Dr. Han stated that the crypto industry is transitioning from a primarily speculation-driven market towards a phase focused on infrastructure development and real-world applications. Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming core directions for the industry, and that clearer regulatory frameworks (such as the CLARITY Act) are expected to further drive innovation in DeFi, payments, and on-chain finance.Dr. Han also mentioned that high user entry barriers, security risks, and liquidity fragmentation remain significant challenges facing the industry. In the future, the crypto industry will further integrate with traditional finance, playing a more important role in areas such as payments, settlement, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi strategy. In addition to expanding into assets such as stocks, metals, forex, indices, and commodities, it has also launched Pre-IPOs with the first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to integrate Polymarket, Gate is continuously promoting the development of the prediction market ecosystem, accelerating the construction of a comprehensive trading platform that spans crypto and traditional finance.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
According to monitoring by on-chain analyst Ai Yi, one hour ago, an address associated with Amber Group (0xDDb26...E7E3d) withdrew 340,000 LAB tokens from Binance wallet, valued at $1.74 million, and subsequently deposited them to Gate. LAB has surged 611% since May, currently trading at $4.74, recovering all losses incurred after Zach's bounty investigation.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
Binance Co-CEO Richard Teng responded on X to ZachXBT, thanking him for reporting the matter to Binance and confirming that the platform is currently investigating it. Binance stated it remains committed to fulfilling its responsibilities and investigating all forms of market misconduct. Earlier, on-chain investigator ZachXBT posted that the abnormal price movements of the RAVE token originated from Binance, Bitget, and Gate exchanges, and called on all three platforms to take action. He also offered a reward of up to $10,000 for information leading to the identification of those involved.