Gate Research: BTC Slips Below $80,000 as DBS and Citi Advance Cross-Border Weekend Tokenized Deposit USD Payments

• Stock Market: U.S. markets were closed for Labor Day, while semiconductor stocks outperformed and consumer names remained under pressure in the prior session. Hong Kong equities pulled back, but southbound capital recorded net inflows against the broader trend, with computing hardware and PCB-related shares remaining active. South Korean equities surged, led by semiconductor heavyweights, as foreign and institutional investors posted net purchases in the KOSPI.

• Market Commentary: BTC consolidated near the lower end of its range after falling below $80,000, with short-term downside momentum showing signs of easing. ETH declined less than BTC and remained above several key moving averages. U.S. spot BTC and ETH ETFs both recorded net inflows, while overall market risk appetite remained relatively elevated.

• Trending Tokens: CNPY, SOPH, and IOST rose 68.82%, 55.33%, and 34.50%, respectively, mainly driven by new token listings and sector rotation across modular blockchain and on-chain application platform narratives.

• Alpha Insights: DBS and Citi completed a weekend tokenized deposit USD payment test between Singapore and the United States. Hanwha Investment & Securities completed the construction of an Avalanche-based tokenized securities platform. Capital B purchased 376 BTC for approximately $29 million, keeping corporate Bitcoin treasury allocation in focus.

Discover more details today → Gate Research: BTC Slips Below $80,000 as DBS and Citi Advance Cross-Border Weekend Tokenized Deposit USD Payments

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
September 8, 2026

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