📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Analysis: The contraction of the US GDP and the slowing of inflation may drive the Federal Reserve to cut interest rates, which could benefit Bitcoin.
According to Mars Finance, the U.S. GDP has contracted for the first time in three years, and the core PCE inflation rate has remained flat, decreasing year-on-year from 3.0% to 2.6%, alleviating inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, and market expectations for interest rate cuts are increasing, which could be favourable for alternative assets like Bitcoin, rather than the stock market. Bitcoin has risen over 13% since "Liberation Day," reaching $97,000, with a net inflow of $442 million into Spot ETFs on May 1. Douro Labs CEO Mike Cahill mentioned that if the employment data on May 2 is weak, Bitcoin's price may rise again due to expectations of interest rate cuts. (The Block)