Latest news with #Gate
Business Upturn
2 days ago
- Business
- Business Upturn
Gate Surpasses 30 Million Global Users, Accelerating Its Rise as the Next-Generation Crypto Exchange
PANAMA CITY, July 01, 2025 (GLOBE NEWSWIRE) — Gate , a globally leading cryptocurrency trading platform, has officially surpassed 30 million registered users, marking a new milestone in its global expansion. This remarkable achievement underscores the platform's growing influence across international markets and highlights the progress Gate has made in strategic transformation, brand upgrade, and ecosystem development. Ushering in the '30 Million+' Era: Unlocking Network Effects Across the Ecosystem Behind this threshold of the 30 million user base is the steady implementation of Gate's international strategy and the continuous enhancement of its product suite, technical foundation, security framework, and brand recognition. In an industry where the competitive landscape is rapidly evolving, a consistently expanding user base stands as a critical measure of platform vitality and market trust. This expanding global community significantly strengthens Gate's liquidity and trading depth, while laying a solid foundation for the sustainable growth of its broader ecosystem, fueling a strong and self-reinforcing network effect across products and services. Impressive Operational Momentum: Spot and Futures Drive Dual Growth According to Gate's May 2025 Transparency Report, the platform continues to post robust growth in both trading activity and ecosystem expansion. Spot and futures trading volumes have seen simultaneous surges, with Gate's derivatives products now ranking among the industry's top-tier experiences. Daily trading volumes are hovering at historical highs. Currently, Gate ranks second globally in 24-hour spot trading volume, with its token liquidity and trading breadth consistently in the top three worldwide. Derivatives have become one of the platform's strongest growth engines, with users actively engaging in leveraged and strategy-based trading. Meanwhile, flagship product lines including Launchpad, Gate Alpha, Launchpool, HODLer Airdrop and CandyDrop have delivered outstanding performance, significantly enhancing user engagement and capital activity across the platform. A Renewed Brand Vision: Entering a New Strategic Chapter In May, Gate celebrated its 12th anniversary by unveiling a brand-new vision as the 'next-generation crypto exchange.' The platform officially adopted the new global domain and introduced an updated logo, marking its transformation from a market leader to an industry trailblazer and enhancing its global brand visibility. On the compliance front, Gate continues to strengthen its global regulatory framework. Its entity Gate Technology FZE has officially obtained a VASP license under the supervision of the Dubai Virtual Assets Regulatory Authority (VARA), reinforcing the platform's regulatory foundation in the Middle East and broader international markets. Building User Trust: A Relentless Commitment to Security and Transparency Gate remains an industry leader in asset security and reserve transparency. As of June 2025, Gate holds a total reserve value of $10.453 billion, with a reserve ratio of 123.09%. The platform's reserves fully cover user assets across 350+ cryptocurrencies, with $1.96 billion in excess reserves, far exceeding industry benchmarks. Gate's rigorous proof-of-reserves practices and cutting-edge security technologies continue to solidify user trust and lay a robust foundation for long-term, sustainable growth. Looking Ahead: Driving Innovation and Shaping the Future of Crypto As Gate moves into its next chapter, it will continue enhancing the on-chain trading experience, expanding forward-looking Web3 infrastructure services, and exploring innovative intersections between AI and crypto technologies. At the same time, Gate will deepen collaboration with global users, developers, and institutional partners, co-creating an open, transparent, and resilient next-generation digital asset ecosystem. Gate remains committed to opening the gateway to a smarter, safer, and more inclusive crypto future for users around the world. About Gate Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 30 million users with 3,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter. For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube Media Contact: Loyo at [email protected] Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via . This content is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Insider
6 days ago
- Business
- Business Insider
Moonveil Confirms $MORE Token Generation Event on June 27 With Multiple CEX Listings
Grand Cayman, Cayman Islands, June 26th, 2025, Chainwire Layer 2 gaming chain Moonveil has announced the launch of the $MORE token, which is set to go live at 12 PM UTC on June 27, in a Token Generation Event (TGE). The rollout of the $MORE token will give the public an opportunity to acquire the native asset that will play a pivotal role in the expansion of Moonveil's gaming ecosystem. The $MORE launch on June 27 will be featured on Binance Alpha, followed by listings on a string of leading CEXs, allowing Moonveil's global user base of gamers to acquire the token. Exchanges confirmed to be listing $MORE include Gate, MEXC, Bitget, KuCoin, BingX and LBank. $MORE will power activity across the multi-layered ecosystem that Moonveil is developing. It supports seamless blockchain and gaming interactions while incentivizing community development and driving deep interoperability. Moonveil founder MJ said: 'The launch of the $MORE token builds upon everything we've been working on to date. It adds a powerful economic layer that will align incentives between game developers and players, supporting true interoperability and adding value to every onchain interaction. By anchoring user identity on Moonveil's L2 while remaining chain-agnostic at the application layer, $MORE is capable of going wherever the players are.' In addition to serving as the governance token of Moonveil's game-centric Layer 2, $MORE is the key to unlock seamless gaming experiences. Players can effortlessly handle transaction fees, purchase in-game items, and exchange assets, simplifying token management and ensuring an immersive gaming journey. The launch of the $MORE token arrives at a time when activity across the Moonveil ecosystem is heating up. A number of games have already been released including AstrArk, Bushwhack, Flaming Pets, Puffy 2048, Puffy Miner, and Puffy Match. The AstrArk Marching Test in late 2024 drew over 871,000 unique wallets, demonstrating strong user traction and clear product-market fit. On the infrastructure side, Moonveil's Layer 2 testnet has recorded 1.3 million unique wallet interactions. Powered by AggLayer integration and upcoming node operations, it's laying the foundation for a scalable, high-performance network optimized for gaming. The Moonveil community is also expanding rapidly, with over 1 million players engaged through its loyalty program and strong user adoption across Asia, South America, and the CIS region. The launch of the $MORE token will catalyze growth while unlocking new opportunities for global gamers. Moonveil is a full-stack Web3 gaming ecosystem that combines in-house/third-party products, publishing capabilities, and L2 infrastructure tools to solve fundamental problems in gaming. Moonveil takes a product-first, utility-driven approach with deep Web3 integration, anchoring user identity on our own L2 while remaining chain-agnostic at the application layer—going wherever the players are. Contact
Time of India
23-06-2025
- General
- Time of India
Decade-Long Waterlogging Problem Near Level Crossing Resolved, Finally
Nagpur: In a major relief to road users and nearby villagers, Central Railway's Nagpur division has resolved a long-standing waterlogging problem at limited height subway (LHS) near LC Gate No. 41 on Amravati-Narkhed railway line by executing a permanent drainage solution. The project was completed on May 27, just in time for the onset of monsoon, ensuring all-weather connectivity and safety. The LHS was commissioned in 2015 following the closure of LC Gate No. 41. However, in the absence of natural drainage, it was prone to heavy water accumulation during rains — often disrupting traffic and requiring diesel-operated pumps every year to clear the accumulation. Despite repeated temporary efforts, the issue persisted for nearly a decade. In 2023, engineering team of Nagpur division identified a natural stream about 165 meters away, located on private agricultural land, with a lower bed level suitable for gravity-based drainage. After careful planning and coordination, a 600-mm RCC pipeline was laid using trenchless pipe-pushing technology to avoid damage to the agricultural land. The new pipeline system now permanently drains water from the LHS sump to the stream, with inspection chambers for easy maintenance. This smart and sustainable solution has eliminated the need for recurring pumping operations. It also ensures uninterrupted road access throughout the year, particularly during monsoons, benefiting commuters, school buses, and emergency services. With this project, Nagpur division has once again demonstrated its commitment to public welfare, sustainable engineering, and long-term infrastructure planning.
Associated Press
20-06-2025
- Business
- Associated Press
Gate Releases May 2025 Transparency Report: Brand Revamp Ignites Strategic Acceleration
PANAMA CITY, June 20, 2025 (GLOBE NEWSWIRE) -- Gate, a global leader in cryptocurrency trading, has released its May 2025 Transparency Report, revealing remarkable growth across key business indicators. Amid improving market sentiment and a maturing regulatory landscape, the platform recorded historic highs in trading volume and user activity, accelerated brand globalization efforts, advanced compliance achievements, and further expanded its Web3 ecosystem. Trading Volume and User Base Hit New Milestones In May 2025, Gate saw a substantial year-over-year increase in total trading volume, driven by strong performance in both spot and futures markets. Futures trading, in particular, has become a primary growth engine for trading activity. Gate now ranks second globally in 24-hour spot trading volume, reinforcing its position among the world's leading exchanges. The platform's user base surpassed 27 million registered users, reflecting continued global momentum and growing brand influence. Meanwhile, Gate Earn has seen explosive growth, now supporting nearly 1,000 digital assets with $2 billion in total assets under management. Its Dual Investment product now supports 60 tokens, and remains one of the most popular structured finance offerings on the market. This month, Gate was also honored with the 'Best Crypto Exchange 2025' award by Entrepreneur Middle East, recognizing the platform's excellence in user protection, operational stability, and regulatory compliance. Global Brand Revamp: New Domain and New Logo Launched On May 19, Gate officially launched its new domain, alongside a redesigned logo, marking a bold step forward in its global rebranding strategy. This upgrade unifies visual identity across global operations and enhances international recognition and user trust. The rebrand coincides with Gate's vision of becoming the 'Next-Generation Crypto Exchange', a platform at the intersection of global compliance, user-centric design, and Web3 innovation. The rebranding covers all Gate entities globally, including licensed operations in Japan, Dubai, and Europe, delivering a consistent and professional brand presence worldwide. Product Ecosystem Expansion Drives Growth in User Engagement and Assets In May, Gate's continuous product innovation led to a significant boost in its platform ecosystem. The relaunch of Launchpad sparked market excitement, with the debut project Puffverse (PFVS) oversubscribed by more than 93,800%, attracting 35,000 participants and raising $656 million. Gate Alpha, focusing on meme asset trading, launched hundreds of projects in May, distributed over $1 million in airdrops, and generated billions in trading volume. Launchpool introduced nearly 20 new projects, distributed over $3 million in rewards, and peaked at over 1,000% annualized returns. HODLer Airdrop launched nearly 30 projects, attracted more than 170,000 participants, distributed over $800,000 in rewards, and saw over $38 million in total staking volume. CandyDrop launched nearly 20 airdrop campaigns, drawing over 500,000 participants with a prize pool close to 3 million USDT. The synchronized growth of these core product lines demonstrates Gate's leading edge in product innovation and user attraction. Accelerating Asset Transparency and Compliance Leadership, Reserve Ratio Reaches 128.57% As of May 2025, Gate's total reserve assets reached $10.865 billion, with an impressive reserve ratio of 128.57%, far exceeding the 100% industry benchmark. BTC, ETH, and USDT reserves all maintained surplus coverage, with BTC reserve ratio at 137.69%. These figures reflect Gate's long-standing commitment to transparency and financial strength. On the compliance front, Gate Technology FZE, a part of Gate, has obtained a VASP License under the regulation and supervision of VARA in Dubai to provide exchange services and is permitted to serve institutional investors, qualified investors, and retail investors. This milestone marks another significant step forward in Gate's global compliance strategy. Expanding Web3 Culture with Brand Campaigns and Global Events In May, Gate intensified its brand presence through multiple high-profile events. Gate 12th Anniversary Global Celebration concluded in Dubai, where CEO Dr. Han outlined the vision of Gate as the next-generation crypto exchange. SPORT3 DUBAI 2025 united Web3 and sports through cross-industry activities. Gate hosted global KOLs at Inter Milan's home stadium and celebrated Bitcoin Pizza Day with custom pizza deliveries to users and partners. At the Formula 1 Monaco Grand Prix, Gate CBO Kevin Lee represented the brand in collaboration with Oracle Red Bull Racing. Gate's NFT drop with Red Bull Racing exceeded 1 million mints, engaging over 200,000 participants. Yann Sommer, Serie A champion and Inter's goalkeeper, joined as a Gate Friend, symbolizing the platform's commitment to asset security. Promoting Education, Research, and Social Responsibility, Demonstrating Platform Impact In May, Gate continued to make strides in educational outreach and social responsibility. Gate Learn released educational content and courses covering trending topics such as DeFi, RWA, and AI, helping users systematically enhance their understanding. Gate Research deepened its efforts in policy interpretation and market analysis, strengthening its expertise in critical areas like meme coins, public chains, and ETFs. During the same month, Gate Charity partnered with Forum Animal to launch a public welfare campaign in São Paulo, Brazil, calling for an end to animal testing and promoting global awareness around animal welfare and ethics, demonstrating the platform's enduring commitment to sustainable values. A New Chapter Begins, Advancing Toward Industry Leadership May 2025 marks a pivotal chapter in Gate's journey. With a newly unified brand identity, record-breaking business growth, and deeper integration across product, compliance, and community initiatives, Gate is accelerating its path toward becoming a truly global, next-generation crypto platform. As the company moves beyond its 12th anniversary milestone, Gate remains committed to innovation, compliance, and user empowerment, opening the gate to a more open, secure, and sustainable Web3 future. About Gate Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 27 million users with 3,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter. For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube Media Contact: Loyo at [email protected] Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via Disclaimer: This content is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Business Insider
11-06-2025
- Business
- Business Insider
MEET48 Officially Announces TGE and $IDOL Listing on Binance Wallet, Bitget, Gate, MEXC, and PancakeSwap on June 11
Dubai, UAE, June 11th, 2025, Chainwire On June 10, MEET48 — the world's first Web3.0 AI-Agent and AIUGC creator & fan economy entertainment community — announced it will officially launch its TGE on June 11, 2025. MEET48's native token, $IDOL, will be listed on Binance Alpha, Bitget, Gate, MEXC, and PancakeSwap. With a vision of disrupting Web3 through entertainment and leading a new Web3 entertainment era with idol cultivation and fan economy, MEET48 continues to shape the future. Binance Wallet and PancakeSwap have announced that MEET48's TGE will take place on June 11, 2025, from 8AM to 10AM (UTC). Eligible participants must use Binance Alpha Points to join the subscription. $IDOL will go live on Bitget, Gate and MEXC on June 11, 2025 at 12PM (UTC). Currently, MEET48 boasts 3.8 million active users and 500,000 Web3 wallets globally, frequently ranking #1 among social applications on BNB Chain with on-chain interaction volumes exceeding hundreds of millions. With the TGE as a starting point, MEET48 will inject a range of major AI entertainment products and services, aiming to reinforce the utility and market value of the $IDOL token, and position it as a mainstream token in the Web3 real-world application landscape. The project also targets the market pain point of 'IEO as a short-term peak,' striving to deliver long-term value for investors. In previous major Web3 events from 2024 to 2025 — whether in Hong Kong, Tokyo, Bangkok, or Singapore — MEET48 captivated global audiences with its distinctive interactive formats and powerful stage performances. For instance, during TOKEN2049, MEET48 hosted the Side Event 'Back To The Streets,' where idols engaged in face-to-face interactions and handshakes with fans from around the world, deepening emotional bonds between them. In addition, MEET48 officially announced that it had secured token round funding from a number of prominent institutions and individuals, including Liang Xinjun (Co-founder of Fosun Group), Hash Global, HashKey Capital, and Animoca. The round valued the project at a fully diluted valuation (FDV) of $100 million. Following the TGE, MEET48 will reveal further breakthroughs from this funding round, continuing to advance its mission of redefining Web3 through entertainment — and opening up broader possibilities for its future development on BNB Chain. On June 9, MEET48 launched its $IDOL airdrop program for all users interacting with the MEET48 ecosystem, partner communities, special contributors, active users of Mars Protocol, the top three winners of 'The Mars Audition for Best3 AI-MEME' and holders of ecosystem NFTs. The first token claim will open immediately after TGE and can be used to participate in the 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). Notably, WIPA is the first global initiative to integrate blockchain mechanisms into idol audition systems. It is co-hosted by MEET48 and China's major youth girl group SNH48 GROUP as global strategic partners and will be held on August 2 at Arena, AsiaWorld-Expo, Hong Kong. All members of SNH48 GROUP and their overseas AI-Agent virtual group will participate in the WIPA Global Finals to compete for resources in overseas and Web3 development. 2025 Q3 Roadmap — Mars Protocol, AIdol Producer, and AI-Audition Beyond WIPA, MEET48 will continue to execute its published ecosystem roadmap. In Q3 2025, MEET48 will further develop the Mars Protocol — a BSC-based AI-Agent and social idol coin launch platform. AIdol Producer will allow users to create AI Idol-Agents with autonomous interaction capabilities in one click, supporting chat, livestreaming, and virtual performances, while also leveraging advanced AIGC technologies to generate AI-based music, dance, and multimedia content. At the same time, MEET48 will launch 'AI-Audition', a next-generation AI + Web3 upgrade of the globally renowned game IP 'Audition' — a classic dance simulation game with over 1 billion users and over $10 billion in historical revenue. 'AI-Audition' is developed by the original 'Audition' marketing team and deeply integrated with the MEET48 community, using $IDOL as its main in-game currency. It is built on the Web3 framework and rooted in idol cultivation and fan economy principles. As the world's first virtual music and dance LLM + AI-Agent-powered simulation chain game, 'AI-Audition' fuses three ecosystems under Web3 consensus: the music & dance AIUGC creator economy, virtual idol/group cultivation system, and dance simulation gameplay. As the core content pillar of the MEET48 ecosystem, 'AI-Audition' represents the largest classic game IP integration in the history of AI entertainment and GameFi. With over 3 years of R&D, a total investment exceeding $100 million, and more than 500 developers, 'AI-Audition' is set to launch public limited testing in Q3 2025, poised to become a landmark global industrial breakthrough in AI and Web3. 2025 Q4 Roadmap — CoinFishing and MonopoliFi In Q4 2025, MEET48 will introduce more game projects using the same governance token for community incentive and governance. CoinFishing combines a decentralized explosion rate mechanism with a market-driven swap liquidity pool to create a next-gen 3D upgrade of the classic fishing game under a fair, non-intervention Play-to-Earn model. MonopoliFi is a large-scale GameFi project integrating open-world and city-building UGC mechanics, allowing users to mine through tasks, build virtual cities using in-game editors, and conduct on-chain transactions — bridging the game economy with real-world financial systems. 2026 Q1 Roadmap — AI-Audition, Decentralized AI-Agent Graphic Social Layer, and Metaverse In Q1 2026, AI-Audition will enter unlimited testing and commercial operation. MEET48 will also prioritize the development of a decentralized AI-Agent-based graphic social layer and the MEET48 Metaverse. With its foundation in UGC creation and token-driven idol popularity growth, MEET48 aims to co-build with its users a robust Web3 + AI-powered entertainment infrastructure, pioneering the future of idol cultivation and the fan economy. About MEET48 MEET48 is the world's first AI-Agent and AIUGC-powered fan economy entertainment community and is regarded as one of the largest Web3 application project teams globally. With a 500-member R&D team and regional operations spanning Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai, MEET48 is committed to realizing mass adoption of Web3 through a youth entertainment ecosystem centered around AIGC (Animation, IDOL, GAME, and Comics) and a graphically intelligent social metaverse base. Official Website: Contact Marketing Director Era S MEET48
