📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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1️⃣ Publish an
On Thursday, new inflation and labor data from the United States further supported expectations that the Fed will begin cutting interest rates next week, with financial asset prices trending higher.
The US August Producer Price Index (PPI) report showed that wholesale prices rose by 0.2% pump on a month-on-month basis, slightly higher than economists' expectations, while rising by 1.7% pump year-on-year, in line with expectations.
The market currently expects the Federal Reserve to cut interest rates by 25 basis points next week, but some traders still hope for a 50 basis point cut. The FedWatch Tool from the Chicago Mercantile Exchange (CME) gives a 28% probability of a 50BP rate cut, higher than yesterday's 14%.
The three major US stock indexes closed pump, with the S&P, Dow Jones, and Nasdaq indexes pumping 0.75%, 0.58%, and 1.00% respectively. Spot gold soared 1.91% during the trading session, setting a new historical high just below $2,560 per ounce.
The Bitpush data shows that BTC (BTC) surged to above $58,000 in early Thursday trading, fell to a low of $57,310 at midday, and long positions successfully pushed the price back above $58,000 in the afternoon, challenging the resistance level of $59,000.