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Trade new tokens before they are officially listed
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Convert & Block Trading
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Trade any size with no fees and no slippage
Alpha
Points
Get promising tokens in streamlined on-chain trading
Leveraged Tokens
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
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Futures Kickoff
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Demo Trading
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Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
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Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Promotions
Activity Center
Join activities and win big cash prizes and exclusive merch
Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
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Proof of Reserves
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🪙 Bitcoin Update: The "Boxing Day" Shakeup (Dec 26, 2025)
As we head into the final days of 2025, Bitcoin (BTC) is providing its trademark volatility for the holidays. While many were hoping for a "Santa Claus Rally," the market is instead navigating one of the largest options expiries in history.
📊 The Numbers Today
Current Price: Hovering around $89,000.
24h Trend: A modest recovery of nearly 2% after dipping toward $87,000 during Christmas Eve’s thin liquidity.
Year-to-Date: After hitting a spectacular all-time high of $126,272 in October, BTC has corrected significantly, currently trading down about 6% for the year.
🔍 What’s Moving the Market?
The $23 Billion Expiry: Today (December 26) marks a massive options expiry. With over $23.3 billion in Bitcoin contracts settling, traders are bracing for "max pain" scenarios. The current price remains below the $95,000 "max pain" point, leading to a defensive market posture.