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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
Let’s cheer on crypto beginners together!
📚 Learn trading tips ｜ 🎯 Unlock newbie perks ｜ 🤝 Grow with the community
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Phoenix Group launches a $150 million cryptocurrency vault for BTC, SOL
Phoenix Group, a Bitcoin mining company listed in Abu Dhabi, has established a cryptocurrency reserve fund worth 150 million USD, consisting of 514 BTC and 630,000 SOL, becoming the first company on the ADX exchange to implement a digital asset strategy. CEO Munaf Ali stated that holding these assets demonstrates a long term belief in the value of the blockchain network.
In Q2/2025, Phoenix Group reported a revenue of 29 million USD, mining 336 BTC, of which 214 BTC came from self-mining activities. Although down from the previous quarter, self-mining revenue increased by 219% over two years, reaching 41.7 million USD with a profit margin of 31%. The company also reported a non-cash loss of 29 million USD and expects asset values to recover in Q3 thanks to the upward momentum of Solana.
Phoenix is currently one of the five most actively traded stocks on the ADX exchange.