🎉 #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
Tai Mo Shan Ltd., a subsidiary of Jump Trading's Cryptocurrency Division, has agreed to pay $123 million to settle charges by US regulatory agencies.
Golden Finance reported that Tai Mo Shan Ltd., the Cryptocurrency division of Jump Trading, has agreed to pay $123 million to settle US regulators' allegations of misleading investors about the stability of its TerraUSD Algorithm stablecoin. The U.S. Securities and Exchange Commission said in a statement on Friday that the company has also resolved allegations of violating securities laws when underwriting TerraUSD's sister token Luna. Tai Mo Shan did not admit or deny the agency's allegations when agreeing to the settlement. TerraUSD was supposed to achieve a constant value of 1 US dollar through a complex Algorithm involving Luna and trader incentive mechanisms. The U.S. Securities and Exchange Commission stated that in reality, the substantial purchases of Tai Mo Shan helped stabilize the currency, deceiving the market into believing that the Algorithm mechanism was at work.