📢 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
Germany's BaFin halts Ethena's issuance of USDe Token new business, citing significant compliance deficiencies.
PANews March 21 news, according to a BaFin official announcement, the German financial regulatory authority BaFin has halted Ethena GmbH's new business of issuing USDe stablecoin in Germany. The reason is that there are significant organizational deficiencies and Compliance violations in its MiCAR licensing process, including improper asset reserve management and failure to meet capital requirements. BaFin has taken the following measures: freezing the asset reserves of Ethena GmbH, restricting the management's disposal rights over the assets, closing related functions of its official website, and appointing a commissioner to oversee the execution. In addition, BaFin suspects that Ethena GmbH has illegally offered sUSDe security tokens to the public without providing the necessary prospectus. Currently, Ethena GmbH customers are temporarily unable to redeem USDe tokens, but trading in the secondary market is not restricted. As of now, approximately 5.4 billion USDe tokens are in circulation. BaFin will continue to assess whether to fully reject its compliance license application under MiCAR.