📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
ETH makes a strong return: Open interest surges, capital inflow exceeds BTC, and altcoin season index hits a new high.
[Chain News] On July 21, news broke that according to an analysis by a certain institution today, the altcoin season index has exceeded 50, the highest since December last year. The open interest of ETH Perpetual Futures surged from $18 billion to $28 billion within a week. Signs of capital rotation led by institutions are evident, with driving forces including the GENIUS Act signed last Friday, which introduces a clear regulatory framework for stablecoin issuance, causing renewed interest from corporate treasuries in L1 chains such as ETH. ETH Spot ETF inflows have surpassed BTC for two consecutive days, with the market optimistic about the possibility of approving a staking version ETF. The ETH options market also shows enhanced bullish sentiment, with increased bets for the fourth quarter. Over the past week, BTC's dominance has dropped to 60%, while ETH's market share has risen to 11.6%, indicating that the altcoin season may have started.