- Market Overview: On July 23, the crypto market maintained a moderately bullish consolidation pattern. BTC fluctuated within the 119,000–120,000 USDT range, with a short-term structure still favoring the bulls. ETH steadily climbed to 3,745 USDT with mild momentum. Altcoins saw broad gains as sector rotation continued. The Fear & Greed Index rose to 74, reflecting optimistic sentiment without signs of overheating. U.S. equities were mostly flat, and gold saw a slight pullback, with macro conditions remaining stable.
- Top Movers: FLR surged 16.21% following Firelight’s announcement of stXRP—an XRP-pegged token—boosting Flare network activity. SAROS rose 14.13% as its DLMM module was integrated into CoinGecko and GeckoTerminal, increasing TVL and trading data visibility. USELESS gained 17.42% after adopting Chainlink’s CCIP for native cross-chain transfers between BNB Chain and Solana, marking a shift from meme token to functional multichain utility.
- Alpha Insights: 21Shares submitted an S-1 filing to the U.S. SEC for an ONDO ETF, proposing a physically backed structure—marking further progress in RWA compliance. Polygon’s stablecoin supply surpassed $2.8 billion, a three-year high, supported by multichain architecture and institutional partnerships. In the Sui ecosystem, MPC coordination project Ika announced its mainnet launch for July 29, introducing a new paradigm for on-chain multisig and task coordination.
- Gate Launchpool: Gate has launched the Solana-based gamified project NeonNeko on Launchpool, allowing users to stake GT or NEKO to receive airdrops. The campaign offers a total of 750,000 NEKO and ends on July 25, 2025, at 10:00 (UTC). NeonNeko combines vibrant aesthetics with interactive gameplay, integrating NFTs and community participation to redefine the Web3 gaming experience.
Discover more details today → Gate Research: 21Shares Files for ONDO ETF ｜Polygon Stablecoin Supply Hits Three-Year High
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Gate Team
July 23, 2025
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