🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
$PHA Gains 33% increase after announcing partnership with xNomadAI
Gate.io news: $PHA, the native utility token for Phala Network, an open-source AI NFT platform, transforming AI agents into transferable, trackable assets capable of independent operation experiences 33% price surge after Phala Network partners with xNomadAI to integrate Phala's TEE runtime environment, enhancing xNomadAI's AI-driven NFT infrastructure.
According to Gate.io Trading data, $PHA shows a low of $0.26755 and a high of $0.36732 and is currently trading at $0.35705, with a total volume of $23.38M and a marketcap of $277.48M in the last 24 hours.
Background: Legal standoff between Ripple and SEC
SEC has accused Ripple and its executives, Bradley Garlinghouse and Christian Larsen, of unlawfully issuing and selling XRP tokens worth over $2 billion without registration, allegedly violating the Securities Act of 1933. According to the SEC, these XRP sales include institutional sales, retail transactions, and non-cash transactions (such as exchanging labor or services for XRP). The SEC believes that all of these transactions should be classified as securities transactions.