💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Why are XAUt and PAXG down today?
Crypto market’s broader uptick came as stocks surged amid a flurry of positive earnings reports on Wall Street. The upside across equities cascaded into cryptocurrencies. Meanwhile, gold suffered its biggest single-day drop in more than 10 years.
XAUt and PAXG prices mirrored the declines in the top safe haven asset, with an upbeat sentiment for risk-on assets seeing analysts forecast a potential capital rotation from gold to Bitcoin (BTC).
But while Bitcoin holders eye more gains, economist and gold advocate Peter Schiff has other ideas. He agrees the decline is “quite a shakeout,” but says it only offers another chance for BTC holders to dump the digital asset and “buy the real thing.”
Tether Gold and PAX Gold prices hit highs of $4,391 and $4,430 respectively on October 17, 2024, gains that aligned with gold’s parabolic surge. However, as the rally that catapulted gold to a new all-time hits a halt, the Tether and Paxos issued tokens are also paring gains.