🎉 #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
While Everyone Is Waiting For XRP ETF Approval, The Latest Data Is Alarming! What Does It Mean For XRP?
U.S. President Donald Trump****'s positive approach to Bitcoin and altcoins, as well as the SEC's softening stance, increase the chances of approval of altcoin ETFs other than BTC and Etheruem.
Developments such as the end of the lawsuit between the SEC and Ripple and Trump's inclusion of XRP other than Bitcoin for the strategic reserve increase the chances of XRP getting approval.
While XRP is one of the altcoins with the highest chance of approval, Deribit said that the data points to a bearish trend on XRP despite ETF speculation.
Market analyst Omkar Godbole stated that XRP options on Deribit indicate a bearish risk signal and bearish sentiment, adding that puts are strongly preferred according to calls.
The analyst also noted that XRP broke out of the ascending wedge pattern, increasing bearish expectations. According to the analyst, XRP's move has increased the likelihood of a retest of the price to the lows around $1.6.