📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Synthetix and Derive canceled the $27 million merger
Synthetix, a platform for creating synthetic assets, and Derive, a decentralized options protocol, have abandoned a $27 million merger deal.
"After discussion and analysis of community feedback, it was decided not to merge," Derive reported.
According to the original plan, Synthetix wanted to reintegrate Derive, exchanging DRV tokens for SNX at a ratio of 27:1. For this, 29.3 million SNX had to be released, which raised concerns about the possible devaluation of existing tokens.
Both sides developed proposals for improving the protocols.
Critics noted that Derive, whose revenue in recent weeks has outpaced Synthetix, was undervalued in the deal. Synthetix's market capitalization is $1.1 billion, while Derive is valued at $27 million. Participants also called the exchange conditions unfair for DRV holders. #BTC# #NADA# #ETFH# #BNBUSDT $BNB # #XRPUSDT $XRP #
The company Trump Media Group denied the news about attracting $3 billion to buy crypto and called the FT "stupid authors" 😐