Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Ten-thousand-word analysis: Stargate is killing Oracle
CryptoNews, tech commentator Ed Zitron published a long article titled “How OpenAI Killed Oracle,” analyzing Oracle’s financial predicament within Stargate. He noted that the Stargate data centers were built for a single tenant, OpenAI, and are expected to incur losses of more than $167 billion by the end of 2028, while OpenAI also owes $430 billion in compute-service bills to Amazon, Microsoft, and others in total. Zitron proposed that Stargate LLC has not been officially set up, SoftBank and OpenAI have not injected funds, and all construction expenses are being borne by Oracle and its financial partners. In addition, Oracle moved more than $100 billion of debt off its balance sheet through project financing, meaning its effective leverage is higher than what its financial statements show. Even if OpenAI pays on schedule, Nvidia’s chip refresh cycle will render the data center’s GPUs obsolete before Oracle has repaid its loans. Zitron also mentioned that Oracle founder Ellison borrowed $20 billion secured by shares worth more than $60 billion, and that if OpenAI defaults, it could trigger a chain reaction.