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- 💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
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Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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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 Square · Mid-Autumn Creator Incentive Program is Now Live!
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Ring Energy Plans to Reduce $18MM in Debt in 3Q
Ring Energy Inc. is strengthening its balance sheet with a plan to reduce debt by $18 million in the third quarter, the company said in an Aug. 26 press release.
Ring said it will have approximately $430 million in borrowings outstanding on its credit facility as of Sept. 30—down from $448 million in borrowings outstanding as of June 30.
CEO and Board Chairman Paul McKinney said the company is focused on strengthening its balance sheet amid “volatile times.”
The company responded to 2025’s drop in oil prices by adjusting capital spending and operations to focus on maximizing free cash flow generation and paying down debt, he said.
Warburg Pincus also recently exited its full common equity position in Ring, the press release added.
Ring bought Stronghold Energy, majority owned by Warburg Pincus, in 2022 for $465 million. The deal added 37,000 net acres in the Permian Basin’s Central Basin Platform to Ring’s portfolio.
“We want to thank Warburg Pincus for our past partnership and the key role they played in helping Ring increase its size and scale significantly in mid-2022 with our Stronghold acquisition,” McKinney said.
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