📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Bloomberg: China demands local brokerages to stop promoting stablecoins to prevent market overheating and potential risks.
[Bloomberg: China Requires Local Brokers to Stop Promoting Stablecoins to Prevent Market Overheating and Potential Risks] On August 8, news from Bloomberg cited sources saying that China has required local brokers and other institutions to stop publishing research reports related to stablecoins or holding promotional seminars to prevent market overheating and control potential risks. Sources revealed that in late July and early August, some large brokers and think tanks received guidance from financial regulatory authorities, demanding the cancellation of related activities and halting the dissemination of research content regarding stablecoins. Recently, regulatory agencies in Beijing, Suzhou, and Zhejiang have issued warnings about the risks of illegal fundraising related to virtual currencies and stablecoins. Stablecoins are usually backed by cash-like assets and issued by private companies, often pegged to the US dollar and supported by assets such as US short-term Treasury bonds. The global supply of stablecoins is expected to reach $3.7 trillion by 2030.