📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Asian traders make a strong push, with BTC, ETH, and SOL volume accounting for less than 45% during the US session.
Gate News bot news, since the beginning of April, the market share of Asian trading hours in the global BTC, ETH, and SOL spot trading volume has been continuously rising, while the market share during US trading hours has been steadily declining.
According to data tracked by institutional cryptocurrency prime broker FalconX, the share of the three major cryptocurrencies' Spot trading volume during U.S. trading hours has dropped below 45% based on a 30-day simple moving average, marking the lowest level since Trump's victory in last November's presidential election. Previously, this indicator had reached a historical high of over 55% in early 2025.
At the same time, the Asian trading hours currently account for nearly 30% of global trading activity, with the remainder occupied by European trading hours.
FalconX indicates that the slowdown in the U.S. market suggests a change in the structure of investors driving price movements.
FalconX research director David Lawant stated in a report: "This may indicate an increased influence of portfolios from outside the United States, or it may suggest that U.S. investors are paying more attention to markets beyond cryptocurrency spot trading."
Despite the recent rise in Bitcoin prices to new highs, global Spot trading activity has not yet returned to the levels seen at the beginning of this year.
According to data from FalconX, the daily trading volume of the Bitcoin spot trading market exceeded $15 billion in the 30-day rolling average after the November election, but it declined during the sell-off in April and has since remained below $10 billion.
Source: CoinDesk