- Market Commentary: On May 29, BTC consolidated around $73,600 after falling to the $72,581 area, with short-term moving averages converging as the market awaits directional clarity; ETH rebounded to the $2,000–$2,020 range after dipping near $1,967, remaining in a post-decline recovery phase; GT traded narrowly between $6.80 and $6.85, while overall market risk appetite cooled.
- Trending Tokens: Driven by narratives around AI, prediction markets, and GameFi, small- and mid-cap tokens remained active. ALLO rose 88.01% on the back of decentralized AI and intelligent prediction network narratives; GUA gained 52.25% amid rising interest in AI-powered prediction markets; and GameFi project ESPORTS climbed 42.35% as capital rotated back into the sector and trading activity increased.
- Alpha Insights: Sui mainnet briefly halted due to a gas charging logic bug introduced in version 1.72, before the team confirmed that network operations had resumed; Hyperliquid’s SpaceX pre-IPO contract flash-crashed 45%, triggering around $1.5 million in liquidations and highlighting liquidity risks in on-chain non-standard derivatives; U.S. spot Bitcoin ETFs recorded $733.4 million in daily net outflows, indicating continued institutional de-risking.
Discover more details today → Gate Research: BTC ETFs See $733.4M in Daily Net Outflows, Sui Mainnet Has Resumed Operations
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Gate Team
May 29, 2026
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