Weekly Report

Last week, August U.S. nonfarm payroll growth significantly exceeded expectations, easing recession concerns while reinforcing expectations that interest rates could remain elevated. BTC briefly broke above 82,000 USDT before pulling back, but remained relatively resilient with support from ETF inflows. The crypto market showed clear structural divergence, with event-driven assets such as PONS and ARB leading gains. On-chain capital flows reversed from net outflows to approximately $289 million in net inflows, with capital rotating away from high-activity trading chains toward more established ecosystems such as Arbitrum, Ethereum, and BSC, as well as stablecoin payment-related sectors. Pons saw rapid growth in trading activity and fees amid the Meme and tokenized stock boom, but its low token graduation rate and the high proportion of users who incurred losses indicate that current activity remains highly speculative.

Gate Research Weekly Report: BTC and ETH traded in a broad consolidation range this week as macro uncertainty and weaker risk appetite weighed on short-term sentiment, while crypto ETF flows returned to modest net inflows, suggesting institutional allocation channels remain intact. The altcoin market stayed in a structural rotation phase, with AI infrastructure, RWA, and privacy-focused narratives continuing to attract capital. Meanwhile, OpenAI raised its projected cloud infrastructure spending to around $750 billion by 2030 and announced a $30 billion data center project, while the BIS warned that stablecoins could weaken the effectiveness of capital controls and tokenized stock transfer volume surpassed $9.2 billion. Over the next seven days, unlock events in H, XPL, and SOSO may introduce additional short-term supply pressure and volatility.

Gate Research Weekly Report: Geopolitical tensions and higher-than-expected inflation weighed on risk appetite, with BTC briefly falling to 60,734.1 USDT while ETH showed relative resilience despite broader market pressure. ETF products continued to record net outflows, although total crypto ETF assets under management remained elevated at $116.09 billion. Perpetual futures open interest fell to $38.83 billion, indicating continued leverage reduction. MCTP, WOJAK, and SQD gained 46.23%, 18.37%, and 11.77%, respectively, as capital continued to seek structural opportunities in an extreme-fear environment. Morpho raised $175 million, showing that primary-market capital remains focused on DeFi credit infrastructure. Over the next seven days, SPK, CONX, and ARB will unlock approximately $18.27 million, $13.95 million, and $7.19 million worth of tokens, respectively, which may create localized supply pressure.

Gate Research Weekly Report: BTC and ETH staged a technical rebound after briefly pulling back over the past 24 hours. BTC dipped to around $76,000 before recovering above the $78,000 level, while ETH also rebounded back above $2,100. However, the 4-hour trend structure remains bearish, suggesting the market is still in a “short-term recovery, mid-term pressure” phase. Altcoins also saw sentiment improve, with the RWA sector emerging as the market leader. Tokens such as SUT, FIDA, and EDEN posted strong gains, indicating that capital continues to rotate toward real-world asset narratives and high-beta thematic plays.Looking ahead, token unlocks for H, HUMA, and MBG over the next seven days may introduce localized selling pressure and increased short-term volatility across the market.