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Today, we completed the GT burn process for the third quarter, approximately 2.1 million GT, with a total value exceeding 35 million Dollar.
Although this is a "digital step", it is an important part of our long-term austerity plan, making GT more scarce and valuable.
GT has always been the native token of GateChain, and now with the launch of Gate Layer, its role has become more comprehensive.
On Gate Layer, Gas must be paid using GT for all on-chain operations - whether they are transactions, smart contracts, NFT minting, or cross-chain operations, it cannot be omitted.
As the ecosystem and the number of users grow, the amount of GT usage will also increase, slowly becoming the "energy" source for the entire ecosystem.
Our plan for destruction and contraction has always been transparent in execution, regardless of market fluctuations, we stick to it.
Simply put, this is the process of enhancing value, making the ecosystem more stable and reliable.
In the future, we will continue to work hard to make the GT system and Gate more secure and efficient, as well as more enjoyable.

#鲍威尔讲话 The Digital Money market showed a clear divergence in the afternoon, with ETH demonstrating a strong pump, quickly rising and breaking through the 4200 level, reaching a high of 4215 points before experiencing a slight pullback. Meanwhile, BTC showed weakness, remaining in a sideways consolidation below the 113600 level, failing to achieve an effective breakthrough.
Regarding the future of BTC, the technical analysis indicates that a short strategy could be considered in the 113100-113500 range, with a potential downward target around 110500, and the risk control point can be set at 114000.
As for ETH, the current price range analysis indicates that short positions can be established in the 4190-4220 range, with an expected target around 4060, and the recommended stop-loss point for risk management should be set at the 4290 position.
$ETH $BTC $SOL