🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Hedge funds establish a $1.7 billion ETH short position with an Annual Percentage Rate of 13%
[Coin World] Hedge funds have established a $1.73 billion short position on ETH contracts at CME, utilizing basis trading strategies to profit during the rise of ETH to $3,000. This trading strategy involves shorting ETH futures at CME while purchasing spot ETFs, capturing an annual percentage rate of up to 9.5%, while the Ethereum ETF set a record of $421 million in capital inflow in a single day. Traders can also enhance their returns by staking spot ETH, gaining an additional 3.5% yield.