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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The UST and Luna collapse case is coming to an end, Terra founder Do Kwon pleads guilty.
On August 12, during a hearing in a U.S. court, Terra founder Do Kwon pleaded guilty to two counts of conspiracy fraud and wire fraud, related to the previous $40 billion collapse of TerraUSD (UST) and Luna. Do Kwon was born in Seoul, South Korea in 1991 and co-founded Terraform Labs in Singapore in 2018, launching the algorithmic stablecoin TerraUSD and the governance token Luna, which was once seen as a benchmark for innovation in DeFi. In May 2022, TerraUSD lost its peg to the USD due to algorithmic imbalance, leading to a big dump in the prices of Luna and UST, with market capitalization nearly dropping to zero, triggering panic in the market and a chain reaction, further plunging the crypto market into the depths of a Bear Market. Global investors lost approximately $40 billion, and Do Kwon was subsequently charged with financial fraud.