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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Solana's corporate treasury reaches $4 billion as companies buy 3% of the supply
The Solana reserve (SOL) of the enterprise has exceeded 4 billion USD as companies continue strong Accumulation. According to the Strategic Solana Reserve, the amount of SOL in the reserve reached 17.11 million tokens, worth 4.03 billion USD, accounting for nearly 3% of the circulating supply of over 600 million SOL.
Forward Industries leads with over 6.8 million SOL (1.61 billion USD), while Sharps Technology, DeFi Development Corp., and Upexi each hold around 2 million SOL, worth over 400 million USD. Forward has just launched a Solana reserve fund backed by Galaxy Digital, Multicoin Capital, and Jump Crypto. Shortly after, Galaxy spent up to 306 million USD to purchase SOL in one day.
In addition, Helius Medical Technologies also announced a reserve fund of 500 million USD, supported by Pantera Capital and Summer Capital. Pantera CEO, Dan Morehead, claimed that Solana is the "fastest, cheapest, and most efficient" blockchain, revealing that the fund holds 1.1 billion USD SOL.