🚨 BREAKING: MARKETS EYE A POTENTIAL US IRAN DEAL 🇺🇸🇮🇷 US and Iranian negotiators are reportedly discussing a phased path that could involve reopening the Strait of Hormuz and lifting the US blockade. The Strait is a major global energy route, so any meaningful de-escalation could reduce geopolitical risk and ease pressure on energy markets. Oil prices have already been reacting to changing expectations around diplomacy, showing how sensitive markets are to the headlines. For crypto, a sustained reduction in geopolitical risk could improve overall risk sentiment. BTC • ETH • SOL • XRP The key now is whether these talks actually turn into a concrete agreement. 👀 $BTC ‌$ETH ‌$SOL ‌$XRP ‌

Why did SpaceX’s stock fall 4% days before Starship’s biggest flight? SpaceX shares fell more than 4% on September 23, one day before the lockup expiration that released around 328 million shares for trading. The selling pressure comes ahead of Starship Flight 14, the first planned flight to Earth orbit and the first revenue-generating mission. Starship Flight 14 targets orbit with a paid payload SpaceX CEO Elon Musk said on September 24 that the company was preparing for a launch on Monday, which would be September 28. By then, the launch tower’s mechanical arms had already placed Ship 41 atop Super Heavy booster 21. $SPCX ‌ $SPCX ‌$SOL ‌$XRP ‌

#FlapDistributes22.96MInFees FLAP’S $22.96M FEE DISTRIBUTION: THE REAL STORY IS HAPPENING ON BNB CHAIN Flap’s reported $22.96 million in 30-day fee distribution is more than just another large crypto number. The bigger story is where that activity came from, how the money was allocated, and whether the underlying trading activity can remain strong while the broader crypto market is experiencing a correction. According to the reported figures, approximately $13.6 million was directed toward holder rewards, while another $115,000 was added to decentralized-exchange liquidity pools. BNB Chain generated approximately $22.23 million of the reported total, representing about 96.8%, while Robinhood Chain contributed roughly $733,000. That concentration immediately puts BNB Chain at the center of the discussion. The $13.6 million holder-reward component represents approximately 59.2% of the reported $22.96 million. Meanwhile, the $115,000 liquidity allocation represents only around 0.5%. This difference shows that the majority of the reported distribution was directed toward rewarding ecosystem participants rather than directly increasing DEX liquidity. But there is an important distinction between fees, revenue and distributions. Independent DeFi data provides another perspective. The latest reported snapshot shows approximately $29.28 million in 30-day Flap fees, $12.07 million in revenue and around $774.4 million in 30-day DEX volume. Seven-day DEX volume was approximately $195.94 million, while 24-hour volume was around $17.13 million. These numbers should not be combined directly with the $22.96 million distribution because the datasets can represent different periods, definitions and accounting methods. Instead, they should be viewed as separate measurements that help explain the scale of Flap’s activity. The chain breakdown is especially interesting. Approximately $766.49 million of the reported 30-day DEX volume came from BSC, compared with roughly $7.78 million from Robinhood Chain. That means BSC represented the overwhelming majority of the available trading activity in the latest snapshot. This makes BNB Chain an important area to monitor for Flap’s future growth. The current market environment adds another layer to the analysis. Bitcoin has been trading around the $84K area, Ethereum near $2.7K, BNB around $770, Solana near $115, XRP around $1.50 and Dogecoin around $0.094. Major assets have experienced noticeable short-term weakness, but trading volumes remain substantial. Recent market snapshots show tens of billions of dollars in daily BTC and ETH trading activity, alongside billions across several major altcoins. That suggests the correction is taking place while traders are still actively repositioning capital rather than completely leaving the market. For Flap, this creates a useful test. If DEX volume, fees, revenue, liquidity and user activity remain healthy despite market weakness, the data would provide stronger evidence that activity is not dependent entirely on a short-lived price rally. On the other hand, a sharp decline across several of these metrics would indicate that current activity is more sensitive to speculative market conditions. Liquidity deserves particular attention. The reported $115,000 addition to DEX pools may appear relatively small compared with the $22.96 million distribution, but liquidity can have an outsized impact on smaller assets. Deeper pools can potentially reduce slippage and price impact, although the actual effect depends on where the liquidity was deployed and how much trading demand those pools receive. BNB is another important variable. With BNB currently around the high-$700 area, traders can monitor whether the token remains relatively stable while Flap activity develops. BNB price alone cannot determine the health of the ecosystem, so it should be viewed alongside DEX volume, fees, liquidity and broader BNB Chain activity. The most important question now is sustainability. One large monthly number creates attention, but repeated performance creates a trend. For Flap, the next several weeks of fees, revenue, DEX volume, liquidity growth, holder rewards and active ecosystem participation will be more informative than any single headline. For Gate users following the market, this is why on-chain data matters. Price tells us where an asset trades. Volume shows how much activity is taking place. Liquidity helps explain execution conditions. Fees measure monetized activity, while revenue provides another view of what the protocol actually retains. Flap’s $22.96 million reported distribution therefore deserves attention, particularly because approximately 96.8% was associated with BNB Chain. The next metric to watch is not simply another headline number. It is whether Flap can maintain meaningful fees, volume, liquidity and user activity while the broader crypto market remains volatile. That will provide a much clearer picture of whether the current momentum represents temporary speculation or sustained ecosystem usage. #Gate广场中秋团圆局 #GateMeme狂欢季 #weeklyshare [@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O) #ShareWeekly