Announcements Gate Research: Gate Surpasses 30 Million Global Users｜SEC Approves Grayscale ETF Conversion

Gate Research: Gate Surpasses 30 Million Global Users｜SEC Approves Grayscale ETF Conversion

2025-07-02 05:53:03 UTC 72990 Read

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- Market Overview: On July 2, the crypto market continued its consolidation trend, with BTC and ETH showing weak technical structures and declining short-term momentum. Risk appetite remains subdued. BTC ETFs saw a net outflow of $342 million, while ETH ETFs recorded a net inflow of $40.7 million, indicating diverging institutional allocations between major assets. The Fear & Greed Index stood at 63, suggesting slightly cooled sentiment and potential near-term consolidation pressure.
- Trending Tokens: CALCIFY surged 42.61% following multiple CEX listings, sparking strong short-term sentiment. SUN rose 5.7% driven by TRON community engagement through Twitter Spaces and promotion of the SunGenX tool. VENOM gained 4.12%, supported by its CEO’s participation in a Gate-hosted AMA and new partnership developments in Vietnam, boosting expectations for regional expansion.
- Alpha Insights: Gate surpassed 30 million global registered users, marking progress in brand revamp and compliance expansion. The U.S. SEC fast-tracked approval for Grayscale’s GDLC to convert into an ETF, signaling acceleration in regulatory acceptance of crypto products. Meanwhile, Malaysia’s Securities Commission proposed easing token listing rules and enhancing DAX oversight, aiming to strengthen its competitive position in Southeast Asia’s crypto market.
- Gate Launchpool: Gate’s Launchpool is currently hosting the subscription for Namada (NAM), open until July 9, 2025 at 13:00 (UTC). Users can stake NAM, GT, or USDT to receive free airdrops. Namada is a PoS-based Layer 1 blockchain focused on cross-chain private asset protection. It supports private transfers of any type of asset and is positioned as a multi-chain privacy infrastructure.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-gate-surpasses-30-million-global-users-sec-approves-grayscale-etf-conversion/9971" target="_blank">Gate Research: Gate Surpasses 30 Million Global Users｜SEC Approves Grayscale ETF Conversion</a>

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July 2nd, 2025
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