According to reports, the head of research at a certain trading platform indicated that despite claims of "the largest ETH shorting in history" in the market, it is actually institutional participation in CME basis arbitrage. In June, the net inflow of ETH Spot ETF reached $1.16 billion, which highly corresponds with the scale change of CME leveraged short positions, increasing from $466 million to $1.6 billion during the same period. Due to the CME ETH futures basis yield rising from 6% in February to May and

📢 #Gate Square Writing Contest Phase 3#  is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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1️⃣ Publish an

📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
🌟 We will select outstanding posts for exposure, and help elevate your influence!
💡 How to Participate?
1.Add the #TopContentChallenge# tag to your post.
2.Posts must be over 60 characters and receive at least 3 interactions (Likes/Comment/Share).
3.Post may include only the #TopContentChallenge# tag.
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📌 Rewards will be distribu

🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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💥 Tiered Prize Pool – Higher total volume unlocks bigger rewards
Learn more: https://www.gate.com/announcements/article/46166

📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
The next bull market prophet could be you! Want your insights to hit the Square trending list and earn ETH rewards? Now’s your chance!
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1.Join the Hot Topic Debate!
Post in Gate Square or under ETH chart with #ETH Hits 4800# and #ETH# . Share your thoughts on:
Can ETH break $4800?
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Or any o

🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)