🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
- Spotlight Data: Bitcoin, Ethereum, and XRP Reactions to Cautious Federal Reserve Rate Hike Cut:
The Federal Reserve proceeded with the widely anticipated rate cut, bringing the benchmark lending rate to a range of 3.50%-3.75% on Wednesday, but Bitcoin responded with a decline to its intraday low of $89,389 on Thursday.
Although the rate cut was in line with expectations, it was characterized by a cautious tone. Federal Reserve Chair Jerome Powell emphasized risks of rising inflation and a slowing labor market as factors supporting a reduction in the number of rate cuts next year.
The hawkish stance dampened hopes for broad monetary easing, prompting investors to take early profits and slow down the pace of gains. The Fed Watch tool indicates that interest rate traders expect the central bank to hold rates steady in January, with only a 20% chance of further easing to a range of 3.25% to 3.50%.
FedWatch Tool: Source: CME Group
- Ethereum Flows Rise Despite Gloomy Outlook:
Spot Bitcoin ETF funds recorded net inflows of approximately $225 million on Wednesday, ignoring macroeconomic uncertainty. This marks the second consecutive day of inflows, led by BlackRock's IBIT fund, which saw flows of around $193 million.
The total accumulated inflows currently stand at $57.93 billion, with net assets of $122.43 billion, according to SoSoValue data.
Bitcoin ETF Statistics | Source: SoSoValue
Spot Ethereum ETF funds listed in the United States recorded cash inflows of about $58 million on Wednesday. The largest altcoin by market cap has raised $13.15 billion from the total ETF volume, with net assets of $21.43 billion. These ongoing cash flows are expected to boost positive sentiment and increase demand for Ethereum ahead of the new year.
Ethereum ETF Statistics | Source: SoSoValue
Meanwhile, spot XRP ETFs saw cash inflows of $10 million on Wednesday, a slight improvement from $9 million the day before. Since their launch on November 13, XRP ETFs have not experienced any outflows, with total inflows of $954 million and net assets of $940 million.
XRP ETF Trading Fund Statistics | Source: SoSoValue