📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Recently, Ethereum (ETH) has experienced a persistent negative premium on the Coinbase trading platform, marking the first occurrence since April of this year. Although the rise of ETH has exceeded 150% this year, this abnormal signal has still attracted the market's attention.
This phenomenon may hide complex market dynamics. On one hand, institutional investors may be cashing out to realize profits. On the other hand, the demand from retail investors seems to be rebounding, with spot trading volume of Bitcoin (BTC) below $10,000 increasing by 9.7%. The market generally expects ETH to follow this trend.
At the same time, we cannot ignore some important events that have occurred recently. Jefferies has lowered Coinbase's target price, reflecting the pressure faced by cryptocurrency exchanges. However, a report from Matrixport points out that the driving force of BTC as a hard asset still exists. The report predicts that ETH may rebound after a short-term consolidation.
Regarding the current phenomenon of negative premiums, some opinions suggest that this may be a buying opportunity. However, investors should also be cautious of potential risks when considering buying at low prices. In particular, the upcoming non-farm payroll data may have a significant impact on the market, making it worth following closely. Additionally, the likelihood of a rate cut in September has decreased, which may also affect market direction.
Overall, the current cryptocurrency market presents a situation of both opportunities and risks. Investors need to comprehensively consider various factors, weigh the pros and cons, and make prudent investment decisions.