Macro Trends

Gate Research Daily Report: On September 14, the crypto market extended its pullback, with BTC falling below $77,000 while ETH and GT also weakened, pushing total market capitalization down 0.9%. Capital rotated into LSK, CATE, and BTW, with LSK retreating sharply after an initial surge. On the industry front, the U.S. Treasury Secretary renewed efforts to advance the CLARITY Act, regulators restricted more than $52 million in crypto assets linked to Xinbi, and Consensys plans to separate MetaMask from its institutional blockchain business.

Gate Research Daily Report: On September 14, U.S. stocks rebounded broadly, supported by lower oil prices and inflation data that came in line with expectations, while Hong Kong and South Korean equities remained under pressure. The crypto market weakened in the short term, with BTC and ETH falling 0.97% and 2.21%, respectively, while LSK, CATE, and BTW bucked the trend and led gains. On the industry front, the U.S. continued to advance the CLARITY Act and imposed sanctions on Xinbi, while Consensys planned to separate MetaMask from its institutional blockchain business.

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Gate Research Daily Report: BTC slipped below 77,000 USDT as short-term indicators entered oversold territory, while ETH remained range-bound and GT showed relative strength. BFC, NIULAI, and TFUEL led the market as capital rotated into cross-chain infrastructure, meme tokens, and DePIN. Attention is now focused on the revised CLARITY Act vote, developments in tokenized equity infrastructure, and the growing adoption of stablecoin payment services among U.S. community banks and credit unions.

Gate Research Daily Report: Rising global oil prices and U.S. Treasury yields weighed on both U.S. and Hong Kong equities, while South Korean stocks showed a mixed performance. The crypto market staged a modest recovery, although BTC and ETH fell 1.78% and 0.55%, respectively, over the past 24 hours; BFC, NULS and TFUEL led the gains. The U.S. Senate unveiled a revised crypto market structure bill, while Nasdaq stepped up its push into tokenized stock infrastructure.

Gate Research VIP Daily Report: Amid rising U.S. Treasury yields, higher oil prices, and three consecutive days of declines in major U.S. equity indexes, BTC broke above 79,500 USDT twice but failed to establish a foothold above 80,000 USDT before retreating, while ETH and GT also gave back earlier gains. The total crypto market capitalization stood at approximately $2.76 trillion, down 0.9% over the past 24 hours, with trading volume reaching around $94.86 billion. IOST, VTHO, and OXT rose 95.78%, 61.88%, and 57.55%, respectively, with IOST supported by a 70 million-token burn and OXT driven by the privacy narrative and expanding trading volume. Hunter Biden’s Base-based LAPTOP meme coin briefly surged after launch before plunging more than 99%, highlighting price-discovery and token-distribution risks in low-liquidity markets; Forward Industries and allied shareholders urged SkyAI investors to oppose director re-elections and an equity incentive plan; crypto industry groups also soug

Gate Research Weekly Report: Over the past week, rising international oil prices and U.S. Treasury yields weighed on risk appetite. As of September 9, the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were down approximately 1.1%, 1.9%, and 1%, respectively, for the week. Brent crude returned above $100 per barrel, while the 10-year U.S. Treasury yield briefly rose to around 4.85%. BTC fell approximately 3.78% over the past 7 days to $78,192, while ETH declined approximately 1.64% over the same period to $2,466. BTC dominance rose to around 58.57%, while total stablecoin supply stood at approximately $311 billion. Selective trading continued to center on high-beta tokens, with IOST, VTHO, and OXT rising approximately 95.78%, 61.88%, and 57.55%, respectively, over the past 24 hours. Key industry developments this week included the LAPTOP meme coin plunging more than 99% after launch, governance and M&A disputes between Forward Industries and SkyAI, and crypto industry grou

In August, the total cryptocurrency market capitalization remained relatively stable in the first half of the month before moving higher, while BTC continued to lead ETH in trading volume and market activity strengthened significantly toward month-end. On-chain capital continued to migrate toward highly active networks and emerging application ecosystems. Ethereum still accounted for 56.2% of total DeFi TVL, while Lido and Aave led individual protocols with approximately $24.26 billion and $18.40 billion in TVL, respectively, with most leading protocols recording month-over-month growth. Monthly on-chain transfer volume for tokenized stocks surpassed $34 billion in August, with growth concentrated in a handful of popular assets such as QQQ, SPY, NVIDIA, and SpaceX. Genuine x402 transaction activity returned to growth in August, with daily transactions briefly exceeding 2 million.

Gate Research VIP Daily Report: Amid surging oil prices, elevated long-term interest rates, and a pullback in U.S. equities, BTC continued to fluctuate around 78,000 USDT, while ETH showed relative resilience and GT gave back some of its earlier gains. The total crypto market capitalization stood at approximately $2.78 trillion, up 0.30% over the past 24 hours. WAVES, SCRT, and VVV rose 36.74%, 31.96%, and 31.02%, respectively, driven by network upgrades, the privacy narrative, and rotation into AI-related themes. Circle introduced a prepaid fee mechanism for CCTP Fast Transfers, improving the predictability of the amount received; Solana advanced its v1 transaction format, increasing the maximum transaction size to 4,096 bytes; Cronos rolled back 10,961 blocks in response to the Tectonic exploit, with $9.19 million still unrecovered.

Gate Research Daily Report: Amid surging oil prices, elevated long-term interest rates, and a pullback in U.S. equities, BTC continued to fluctuate around 78,000 USDT, while ETH showed relative resilience and GT gave back some of its earlier gains. The total crypto market capitalization stood at approximately $2.78 trillion, up 0.30% over the past 24 hours. WAVES, SCRT, and VVV rose 36.74%, 31.96%, and 31.02%, respectively, driven by network upgrades, the privacy narrative, and rotation into AI-related themes. Circle introduced a prepaid fee mechanism for CCTP Fast Transfers, improving the predictability of the amount received; Solana advanced its v1 transaction format, increasing the maximum transaction size to 4,096 bytes; Cronos rolled back 10,961 blocks in response to the Tectonic exploit, with $9.19 million still unrecovered.

Last week, markets entered a high-level structural rotation amid increasingly hawkish rate-hike expectations. BTC briefly broke above 81,000 USDT, while BTC and ETH gained 2.10% and 0.59%, respectively. Institutional allocation diverged, with net inflows into BTC ETFs declining to $925 million, while ETH ETF inflows increased to $816 million. Gate TradFi trading volume rose approximately 17% to $123 billion, with capital rotating back toward U.S. equities and ETFs. On-chain activity shifted toward Meme and retail trading, while stablecoin supply increased by approximately $1.7 billion and SOL staking assets significantly outperformed ETH. BTC OI fell to approximately $12.4 billion, while demand for short-dated Puts increased. However, 25D Skew recovered to -3% and DVOL declined to around 37, indicating that leveraged momentum buying was cooling.

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.