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- 🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
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Post original content on Gate Square related to 0G or the ongoing campaigns (Earn, CandyDrop, or Contract Trading Competition) for a chance to share 200 USDT rewards!
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If merchandise cannot be shipped, it will be replaced with a $30 Futures - 🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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2️⃣ Like this post
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8) - 🥊 You’ve entered the Trading PK Arena, matching your opponent now...
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Gate’s brand-new Indicators Radar feature is live! Here you can:
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Andrew Kang: Has bought a large amount of ETH put options in the short term.
On September 26, Andrew Kang, a partner at Mechanism Capital, tweeted that he has purchased a large number of ETH put options. Each contract cost $15, and if ETH falls to the $3000 range, he will gain $400-1000. Previously, Andrew Kang referenced his article criticizing Tom Lee in a post yesterday, stating, "Ethereum is Luna 2.0." In the article, Andrew Kang bluntly called Tom Lee's theory about ETH "like a fool," and presented five major points to refute it, causing a stir in the industry: the popularity of stablecoins and RWA will not bring the expected returns; the analogy of Ethereum as "digital oil" is inaccurate; institutional buying and staking of ETH? Pure fantasy; is ETH equivalent to the total value of all financial infrastructure companies? Absurd to the extreme; technical analysis shows that ETH is clearly still in a multi-year sideways range, and the last rise was even ruthlessly rejected after reaching the upper limit.