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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will be ranked and rewarded accordingly:
A-Level:
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Big Bitcoin Bull Michael Saylor's Company Sued: They Had Just Bought BTC Today!
The Bitcoin-focused investment firm Strategy and its co-founder Michael Saylor are facing a class action lawsuit for allegedly violating federal securities laws.
Investors claim that the company made "materially false and misleading statements" about its profitability.
Plaintiff Anas Hamza and other investors filed the lawsuit on Friday in the U.S. District Court for the Eastern District of Virginia through the law firm Pomerantz LLP. The lawsuit specifically covers the period between April 2024 and April 2025 and alleges that Strategy presented the profitability of its "Bitcoin-focused investment strategy" more favorably than the associated risks of Bitcoin's volatility.
In the complaint, it was stated that "Due to the illegal actions and omissions of the defendants and the sudden decline in the market value of the company's securities, the plaintiff and other community members have suffered significant damage."
Not only Saylor but also the company's CEO Phong Le and CFO Andrew Kang are among the defendants in the case.
It is also stated in the complaint that Strategy adopted the new regulation ASU 2023-08 of the Financial Accounting Standards Board at the beginning of 2025. This regulation requires publicly traded companies to report cryptocurrencies at fair value in their financial statements and to reflect these value changes in the income statement. Previously, Strategy used an accounting model that only reflected losses in the case of value declines but did not take into account value increases unless a sale occurred.
Investors claim that the company has presented unrealistic and overly optimistic performance assessments to the public even after transitioning to its new accounting standard. It is alleged that while the company shares positive figures such as "BTC Return," "BTC Profit," and "BTC Dollar Profit," it ignores the potential significant losses that may arise after fair value assessment.
Strategy, while not making a press statement on the matter, addressed the lawsuit in its SEC filing on Monday:
"The complaint seeks an unspecified amount of compensation, interest, attorney's fees, and other legal costs on behalf of the community. We plan to vigorously defend against these claims. At this time, it is not possible for us to predict the outcome of this case or estimate potential damages."