🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Is the altcoin season coming? Experts warn that Cardano will transfer $100 million in BTC funds.
Gate News bot message, Bitwise's Alpha Strategy Director Jeff Park and Blockstream founder Adam Back stated that the industry may be affected by the Bitcoin (BTC) treasury bond craze.
Park stated in a post on X, "Inferior altcoins abandon their own assets to build a BTC treasury, this will not happen in my 2025 predictions. The world is recovering."
He said this in response to the proposal made by Charles Hoskinson, the founder of Cardano (ADA), to convert 100 million ADA into Bitcoin as part of a diversification of funds.
For Blockstream's Adam Back, Cardano's actions will strengthen BTC and lead to a collapse in the altcoin market.
On average, since the brief altcoin season last November, the larger altcoin market has fallen 50% relative to BTC.
Source: AmbCrypto