New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
🟦 Main topic: $100 million from the treasury for DeFi/stablecoins/BTC
• The founder of Cardano, Charles Hoskinson (IOG) proposed to use 140 million ADA (~100 million $) from the treasury to provide liquidity for stablecoins (USDM, USDA) and, partially, to purchase BTC, with the aim of strengthening the DeFi infrastructure of Cardano .
• Goskinson argues that this will bring non-tariff revenue to the treasury, increase the power of DeFi, and inspire the market, while the sale will be conducted wisely and gradually, for example through OTC transfers or algorithmic TWAP execution, to minimize market impact.
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⚡️ Market and community reaction
• ADA fell by 6% to ~0.64$ after the proposal discussion began, with a support zone around 0.622$ .
• Some network participants, including the influential @cardano_whale, warn about the risk of front-running and weak market momentum, urging instead of selling ADA to focus on the issuance of stablecoins (, for example, ObyUSD) .
• Goskinson calls it a "false narrative" and believes that these concerns are exaggerated .