📰 Gate Plaza Daily｜July 29
What hot topics are worth watching today?
First read the daily roundup, then come to Gate Plaza to discuss the market and share your viewpoints.
Quality content still has a chance to earn content mining rewards 👇

‍#NFTSectorSurgesOver8%
NFTs Are Making a Comeback—This Time, It Feels Different
For a long time, the NFT sector felt forgotten. Trading volume declined, floor prices collapsed, and many believed the NFT narrative had ended.
Now, things are starting to change.
The NFT sector surged over 8% in the last 24 hours, while communities across major collections are becoming active again. Rather than being driven purely by hype, this recovery appears to be supported by stronger ecosystems, loyal communities, gaming, digital identity, and real-world utility.
🚀 Why I'm Watching NFTs Again
✅ Communities

$SEI might not come back in the next cycle but this could be a good educated betting zone

#NFTSectorSurgesOver8%
The NFT sector has demonstrated strong momentum recently, surpassing 8% growth and signaling renewed interest in digital collectibles and utility-driven assets. This surge is not just a number but carries multiple implications for the broader crypto market. Let us examine the impact of this rally, analyze two major NFT collections in detail, and discuss their current prices, forecasts, trading strategies, and future plans.
Impact Of NFT Sector 8% Surge On The Crypto Market
The 8% surge in the NFT sector means that capital is flowing back into digital collectibles after

Currently, AKE is clearly showing a downward trend. Technical signals are strong, and both the candlestick patterns and technical indicators show bearish signs.
The extreme contraction in trading volume further indicates that the market lacks buy-side support, and the price may face additional downward pressure.
Under the combined effect of technical factors and the external environment, AKE’s market condition shows some support levels, but the overall trend still remains bearish. Friends, please handle the downside risk with caution.

#Top4USBanksPlanSharedTokenizedDepositNetwork
Four major United States banks are working together to build a shared network for deposits. This network is being developed by JPMorgan, Bank of America Citi and Wells Fargo. The Clearing House will be in charge of operating this system. They are planning to launch this network in the half of 2027. The first people to use this network will be companies that work all around the world.
This network will have some useful features. It will allow people to make payments at any time, day or night. It will also make it easier for companies to manage thei

This short can be eaten—the key isn’t to chase only after seeing the drop, but that when price surged up and then failed earlier, I felt the support overhead getting weaker and weaker. The price went from 0.08432 down to 0.0805 all the way. This sell-off came very fast; +321.45% was just the result. What feels best is that my judgment wasn’t thrown off by the short-term whipsaws.
Those initial few fake breakouts were really annoying. The chart at one point looked like it was about to refill the pump, and I was a bit panicked too, but the high level never got sustained follow-through—instead, s

#SKHynixEarningsMissTriggerPostMarketDrop
SK Hynix just reported the numbers they have ever had.. The market still sold off SK Hynix stock.
SK Hynix said they made a lot of money in the quarter. They made 79.32 trillion KRW in revenue from selling SK Hynix products. Their operating profit was 60.54 trillion KRW, which's 557% more than SK Hynix made last year. This was a quarter for SK Hynix.
With these great numbers the SK Hynix stock price fell more than 8% after the market closed.
The reason the market was not happy was not because people are not buying SK Hynix memory chips. The problem wa

BANK, finally—you’re here. From 2000 to 20k dollars, it just took one thing: patience.
The Big Super community has been watching you nonstop these past few days. As soon as the new coin lists, it goes berserk. The harder it pumps, the more wrong it feels. It’s clearly the market maker pumping for distribution—setting up short positions in advance, just waiting for you to give yourself away.
Today, they finally couldn’t hold it anymore. It crashed right on the spot. A 2000-dollar position was driven all the way to 20k. Tenfold profit in hand—this round of shorts was clean and decisive.
Still tr

7.29 Midday BTC/ETH Market Analysis Shi Yuan’s View
BTC has seen an oversold rebound from the low 62,660 and is now entering range-bound consolidation.
The rebound is a recovery after a drop; sell pressure above still exists. Combined with the upcoming evening Federal Reserve interest rate decision, the market is thick with a wait-and-see mood. Keep a range-trading mindset and don’t aggressively chase or cut.
BTC
Resistance: 64,300, 64,800
Support: 63,300, 62,660
Recommendations:
Place short orders in the 64,300–64,800 range during the rebound, with a defense at 65,200. The first target is 63,

#SECChairOptimisticOnCLARITYAct
SEC Chair Paul Atkins said he is optimistic that the Senate will consider and accept the CLARITY Act, a groundbreaking piece of legislation on the crypto market structure designed to make the digital asset rules set by Congress clearer. The review process in the Senate will be decisive in determining whether the U.S. will establish its first comprehensive crypto market structure framework.
SEC Chair Paul Atkins supports the CLARITY Act and is providing technical support to Congress.
The bill could create a new framework for regulating crypto markets in the Unit

#MinnesotaPredictionMarketBanBlocked
The court in Minnesota stopped a law that would have made it a crime to use prediction markets. A judge named Katherine Menendez made this decision a few days before the law was supposed to start on August 1. This law was going to make it a felony to operate prediction markets in Minnesota which means people could have gone to prison for up to five years and had to pay a fine of $10,000.
The state of Minnesota tried to impose this law because Governor Tim Walz signed it on May 18. This law was very broad. Would have affected any platform that offered event

👨‍💻Testnet2 Recently, it’s been running extremely smoothly—several nodes quickly upgraded to v26.1, and it runs as smoothly as Sunsilk shampoo! And just now, I checked the timetable and saw an official mainnet announcement scheduled to be released on August 11.
This step is very close to the deadline, so let’s get ready for the big wave!

A paid advertising campaign will start soon, God willing, from the coin team. After that, the Gate team will respond to the request to enter spot trading, and we will see things we haven’t seen before 🔥🚀🔥🚀🔥🚀
Don’t rush to judge the current situation—it won’t last long, God willing 🔥🚀

geeeeeM ☀️
3 more days and then holidays 🏖️
i got this 😅

ETH is currently range-bound, trading sideways in the $1,850-$1,950 band. The direction is highly dependent on the outcome of the FOMC decision. Before the decision is finalized, the middle zone of $1,860-$1,920 is best treated as a wait-and-see area, and it’s not advisable to take a heavy position betting on a direction.
$ETH ‌
· A valid breakout and hold above $1,920-$1,940 → the long target is $1,983-$2,000
· A valid breakdown below $1,850-$1,860 → the short target is $1,820-$1,800

No hype, no blame—after these results came out, I re-read them myself too. The price kept trying to break higher but couldn’t, each rebound was weaker than the last, and the key levels for the shorts were actually already very clear.
Back then, I started paying attention around 970.38, and my view was that it wasn’t just simple selling the dip. It was that buy-side support above wasn’t sustained. Once the price lost a key level, the downside momentum could easily open up.
Later, when the price moved to 802.14, the +831.81% follow-through also confirmed my earlier judgment. During the process,

Bros are really fightin over a 10k liquidity coin