📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
On August 1, the global financial markets experienced a severe震荡. The U.S. stock market suffered heavy losses, with major indices falling sharply; the Dow Jones Industrial Average fell by 1.6%, the Nasdaq index fell by 2.3%, and the S&P 500 index fell by 1.8%. Over 4,500 individual stocks experienced跌, with the technology zone particularly hard hit.
The source of this market turmoil can be traced back to a sudden policy announcement. Trump signed an executive order on 'reciprocal tariffs' affecting strategic sectors such as pharmaceuticals, semiconductors, and critical minerals. Although the policy will not officially take effect until August 7, it has already raised concerns among investors about a new round of trade frictions.
Technology giants are the first to be hit. Amazon's stock price once fell by 7%, erasing nearly $180 billion in market value. Other tech giants like Nvidia, Tesla, and Meta also saw their stock prices suffer significant blows. This panic quickly spread to the cryptocurrency market, with Bitcoin's price briefly dropping below $60,000.
At the same time, the foreign exchange and commodity markets have also experienced significant volatility. The dollar exchange rate has sharply decreased, gold prices have risen significantly, while oil prices have plummeted. These changes reflect that investors are reassessing the global economic outlook, and the market narrative has shifted to being dominated by geopolitical and policy factors.
Analysts point out that risk assets may continue to be under pressure in the short term. However, they also advise investors to remain calm and wait for market panic to gradually subside. This market adjustment may also provide new entry opportunities for long-term investors.
Overall, this market turbulence has once again highlighted the interdependence of the global economy and the profound impact of policy decisions on financial markets. Investors need to closely monitor the developments in global trade policies while maintaining a diversified investment portfolio to cope with potential market fluctuations.