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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
BTCS CEO condemns naked shorting, holding 70,000 ETH to cope with shorting pressure.
[Block Rhythm] On August 12, Charles Allen, CEO of the publicly listed company BTCS, stated, "Naked short selling is a predatory practice that manipulates the market by artificially increasing supply, driving down prices, and diluting the rights of legitimate shareholders. This behavior harms genuine long-term retail investors and must be stopped."
Now, we believe that short sellers are betting on a decline in BTCS stock prices, expecting that we will irresponsibly sell billions of dollars worth of stock through an Automatic Teller Machine (ATM) program, allowing them to buy back at a lower price. As I mentioned before, my goal is to enhance market value through a rise in stock price, rather than recklessly diluting shares.
BTCS Inc. (BTCS) currently holds 70,000 ETH, worth approximately $299.4 million, with a 30-day increase in holdings of 379.64%.