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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
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2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
Details 👉 https://www.gate.com/post/st - 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Post original content (at least 100 words) on Gate Square related to
Report: Tether supply slowing down indicates cooling of the crypto market
Golden Finance reported that, according to Copper's report, as of June 24, the monthly supply growth of Tether (USDT) was less than 1.5%, significantly lower than the over 5% in April and May. The trading volume of USDT decreased from a historical high of $767.2 billion on March 11 to $53.5 billion on June 24. With a market capitalization of $113 billion, the slowing supply growth indicates a decrease in funds flowing into the cryptocurrency market. In addition, the daily outflow of the Bitcoin market has recently increased significantly, with over $540 million flowing out last week. In the past 30 days, the price of Bitcoin has dropped over 10%, from $68,000 to $62,000. Macro-economic pressures also affect the cryptocurrency market. According to ETC Group's report, the downward revision of global growth expectations and the increased risk of a US economic recession may continue to pose challenges to the price of Bitcoin.