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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
💥 The creator ecosystem is in full bloom!
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👉 https://www.gate.com/announcements/article/45695
- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
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🚀 How to participate:
1️⃣ Publish an
- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
🌟 We will select outstanding posts for exposure, and help elevate your influence!
💡 How to Participate?
1.Add the #TopContentChallenge# tag to your post.
2.Posts must be over 60 characters and receive at least 3 interactions (Likes/Comment/Share).
3.Post may include only the #TopContentChallenge# tag.
🎁 We’ll select 1 top post to win $50 Futures Voucher every Tuesday and Thursday!
📃 High-quality posts will be shared on Gate Square and labeled as [Featured Posts]!
📌 Rewards will be distribu
U.S. Authorities Drop Fraud Charges Against BitClout Founder Nader Al-Naji
U.S. authorities have dismissed charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents show that the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) withdrew their fraud complaints against him in late February.
Last year, federal prosecutors accused Al-Naji of wire fraud, alleging he misled investors and misused $3 million. The DOJ claimed he obtained funds through deception and spent them on personal luxuries, distributing some to family and friends. However, U.S. Magistrate Judge Henry J. Ricardo approved a motion to dismiss the case without prejudice.
SEC’s Crypto Crackdown in Question
The SEC had also charged Al-Naji with running a fraudulent crypto asset scheme. The regulator argued he used investor money for personal expenses. Yet, like the DOJ, the SEC moved to drop its lawsuit against him last month. Neither agency provided further details on the decision.
The SEC frequently targets platforms over concerns about unregistered securities and investor protection. BitClout’s tokenomics may have raised compliance issues, prompting legal action. However, the decision to drop the case raises questions about the SEC’s approach and the broader regulatory landscape.
Authorities must determine how traditional securities laws apply to novel blockchain-based networks. This dismissal suggests that prosecutors faced legal hurdles in proving their claims. It also underscores the need for clearer crypto regulations to balance innovation with investor safeguards. The agency’s decision to drop this high-profile lawsuit could signal a shift in its enforcement strategy. Whether this case sets a precedent or is an isolated event remains unclear.
As decentralized social networks grow, regulators will likely refine their oversight strategies. Meanwhile, the dismissal of Al-Naji’s case marks a significant moment in the ongoing debate over crypto regulation.
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