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- 🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic - 💥 Gate Square Event: #SOMI Creative Contest# 💥
Post original content related to SOMI or CandyDrop #76 on Gate Square for a chance to share 180 SOMI rewards!
CandyDrop 76: CandyDrop x Somnia (SOMI)👉 https://www.gate.com/announcements/article/46912
📅 Event Period: Sep 8, 2025 – Sep 15, 2025
📌 How to Participate:
Post original content related to SOMI or the CandyDrop event
Minimum 80 words
Add hashtag: #SOMI Creative Contest#
Include CandyDrop participation screenshot
🏆 Rewards:
🥇 1st Prize (1 winner): 60 SOMI
🥈 2nd Prize (3 winners): 30 SOMI each
🥉 3rd Prize (6 winners): 10 SOMI each
(T - 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
Bitcoin's market capitalization surpasses that of Google's parent company Alphabet, making it the sixth largest asset in the world.
Gate News bot news, 8marketcap data shows that Bitcoin (BTC) has surpassed Google's parent company Alphabet, becoming the world's sixth largest market capitalization asset, behind only gold, Nvidia, Microsoft, Apple, and Amazon.
The current market capitalization of Bitcoin has reached $2.127 trillion, with a trading price exceeding $107,000. This surpasses Alphabet's market capitalization of $2.11 trillion, ranking it globally only behind gold, Microsoft, Nvidia, Apple, and Amazon. Driven by continued institutional inflows and the ongoing interpretation of digital gold amid concerns over U.S. fiscal policy, Bitcoin has risen by over 40% so far this year.
Additionally, driven by the latest developments in the U.S. GENIUS stablecoin bill, the market capitalization of the stablecoin industry has risen to a record $257 billion, growing over 20% year-to-date. Analysts believe that regulatory clarity is a key catalyst for further growth and mainstream adoption of stablecoins, while also helping to alleviate persistent concerns about reserve opacity and systemic risks.
This week, other cryptocurrency-related stocks have quietly followed Bitcoin's rise. Strategy has increased by about 4.5% since last Friday's close. Among miners, MARA is up about 6%, Riot Platforms has risen about 5%, and CleanSpark surged over 20% after JPMorgan raised its target price.
Despite the bullish market, there are still concerns. Arthur Hayes believes that Circle's valuation is "severely overvalued," indicating that even during the market rebound, there are still doubts about the bubble and sustainability in certain areas of the cryptocurrency market.
Looking ahead, cryptocurrency observers will closely watch the House's vote on the GENIUS Act, which is expected to take place in mid-July. While many bills typically start in the House, regulatory legislation like this can be initiated in either chamber, meaning that a Senate-led process is entirely routine.
If successful, the bill will be submitted to President Trump, who has publicly urged lawmakers to "achieve victory" as soon as possible.
Source: CryptoSlate