Trading

Gate Research VIP Weekly Report: The crypto market significantly outperformed global financial markets. BTC and ETH broke through key technical levels, ttriggering a positive feedback loop that fueled a short squeeze and gaining approximately 23.6% and 31.3%, respectively, over the week. ENA, STX, and TRUMP ranked among the top performers, with ENA and STX surging nearly 100% and 93%, respectively. On-chain capital experienced significant rotation over the past week. Major chains recorded only around $53.13 million in aggregate net outflows, while both gross inflows and outflows exceeded $2.4 billion. Stablecoin supply increased by approximately $2.4 billion, with USDC accounting for nearly 70% of the increase after expanding by $1.67 billion. This indicates that incremental dollar liquidity is increasingly flowing into trading, margin, market-making, and cross-chain settlement activities.

Gate 研究院日报：8 月 25 日，全球股市表现分化，美股芯片股走弱，港股科技板块显著回调，韩股受半导体权重股拖累下跌。加密市场延续反弹，BTC 上涨 2.97% 并逼近 80,000 美元，DGAI、WENSOL 和 PROM 领涨。行业方面，Coinbase 在 Base 上推出代币化美股，渣打开始分销港元稳定币 HKDAP，Solana 启动涉及通胀与手续费销毁的治理投票。

Gate Research Daily Report: On August 24, the crypto market remained at elevated levels, with BTC consolidating around $77,000 as options traders positioned for both upside participation and downside protection. ETH outperformed, while GT maintained steady trading activity. Market sentiment entered the Extreme Greed zone, with capital rotating into DENT, NPC, and SPK. On the industry front, Term Finance suffered a governance attack, Tether terminated its Bitcoin mining project in Uruguay, and research from the Federal Reserve Bank of Cleveland highlighted the price feedback mechanism in crypto investing.

Gate Research Daily Report: On August 24, all three major U.S. stock indexes rose, while Hong Kong stocks climbed back above 26,000. South Korean equities were mixed, with semiconductor heavyweights providing support. The crypto market remained in consolidation at elevated levels, with DENT, NPC, and SPK leading gains among altcoins. On the industry front, Term Finance suffered an approximately $8.5 million governance attack, Tether ended its mining project in Uruguay, and research from the Federal Reserve Bank of Cleveland highlighted the price feedback mechanism in crypto investing.

Gate Research VIP Daily Report: On August 21, Bitcoin briefly topped $75,000 as spot ETF inflows returned and call options activity increased, while ETH and GT also advanced. ONG, ONT, and PEOPLE gained 141.21%, 35.28%, and 32.07%, respectively. Kraken’s parent explored full banking status outside the US, the White House discussed the CLARITY Act with industry executives, and CME, the CFTC, and Kalshi clashed over prediction-market regulation.

Gate Research Daily Report: On August 21, U.S. equities declined as higher oil prices, rising Treasury yields, and Walmart’s outlook weighed on sentiment. Hong Kong stocks advanced on strength in healthcare and gold shares, while South Korean equities rebounded sharply, led by semiconductor heavyweights. The crypto market rallied, with BTC gaining 7.31% and breaking above $75,000, while ETH rose 4.23%. ONG, ONT, and PEOPLE surged 141.21%, 35.28%, and 32.07%, respectively. Kraken’s parent company is exploring full banking status outside the U.S., the White House discussed the CLARITY Act with industry executives, and tensions over prediction-market regulation intensified.

Gate Research VIP Daily Report: Over the past 24 hours, amid improving expectations for crypto policy and a rebound in risk-asset sentiment, BTC rallied on strong trading volume to its highest level since early June. BTC rose 6.97%, while ETH surged 17.42%. MAGMA, RE, and TRUMP gained 36.23%, 35.10%, and 28.32%, respectively, driven by rotation into DeFi and real-world assets (RWA), as well as catalysts from a White House meeting. Mina deployed its Mesa protocol upgrade to the devnet. A White House crypto meeting urged Congress to advance market structure legislation. Meanwhile, the U.S. more than doubled the size of its Treasury buybacks to ease pressure and liquidity concerns in the long-term Treasury market, helping equities stabilize.

Gate Research Weekly Report: BTC broke out of its previous consolidation range this week, rising approximately 9.23% over the past seven days to $69,343. ETH gained around 19.86% over the same period to $2,253, significantly outperforming BTC, although short-term technical indicators for both assets have moved into overheated territory. Total stablecoin supply remained at approximately $309.4 billion, while adoption continued to advance across payments, tokenized securities, and on-chain settlement. MAGMA, RE, and TRUMP were among the week’s most active tokens. On the industry front, Mina deployed its Mesa upgrade to devnet, while the White House urged Congress to advance crypto market structure legislation. Funding activity was concentrated in Bitcoin treasury strategies, DeFi credit, and compliant stablecoin infrastructure. Over the next seven days, AVAX, VENOM, and ALT are set to see sizable token unlocks. The potential impact of this additional supply on market liquidity and short-

U.S. inflationary pressures eased, shifting the market’s focus toward growth risks, while crypto assets underperformed U.S. equities. BTC and ETH ETFs recorded net inflows of $865 million and $244 million, respectively, signaling a recovery in institutional allocation; Gate TradFi weekly trading volume remained around $115 billion. Weekly DEX trading volume declined 5.2%, although Uniswap V4 and Aerodrome recorded pockets of growth. Robinhood Chain contributed approximately 60% of Uniswap’s weekly protocol revenue, suggesting that capital is increasingly focused on whether trading activity can translate into protocol revenue and other forms of long-term value capture. BTC open interest rose to $12.3 billion while funding rates remained positive. Demand for options-based downside protection increased temporarily, but both Skew and DVOL subsequently normalized, leaving the medium- to long-term market outlook cautiously bullish.

Gate Research VIP Daily Report: Over the past 24 hours, BTC rose 0.36% and ETH gained 0.29%. Despite persistent pressure from oil prices and interest rates, spot buying supported a modest recovery in major cryptocurrencies. The Crypto Fear & Greed Index climbed to 41 from 31 the previous day, indicating a notable improvement in market sentiment. ACE, WKC, and VELVET surged 46.80%, 20.24%, and 15.31%, respectively, driven by sector rotation across blockchain gaming, meme tokens, and DeFAI, alongside rising trading volumes. U.S. regulators proposed crypto asset offering exemptions and an investment contract safe harbor, potentially opening new pathways for project financing. The U.S. Office of the Comptroller of the Currency granted preliminary approval to national trust bank charter applications from stablecoin issuers. Meanwhile, Ethereum’s EIP-8363 proposal for a gradual issuance-burn mechanism sparked debate over its potential impact on validator yields.

Gate Research Daily Report: Over the past 24 hours, BTC rose 0.36% and ETH gained 0.29%. Despite persistent pressure from oil prices and interest rates, spot buying supported a modest recovery in major cryptocurrencies. The Crypto Fear & Greed Index climbed to 41 from 31 the previous day, indicating a notable improvement in market sentiment. ACE, WKC, and VELVET surged 46.80%, 20.24%, and 15.31%, respectively, driven by sector rotation across blockchain gaming, meme tokens, and DeFAI, alongside rising trading volumes. U.S. regulators proposed crypto asset offering exemptions and an investment contract safe harbor, potentially opening new pathways for project financing. The U.S. Office of the Comptroller of the Currency granted preliminary approval to national trust bank charter applications from stablecoin issuers. Meanwhile, Ethereum’s EIP-8363 proposal for a gradual issuance-burn mechanism sparked debate over its potential impact on validator yields.

Gate Research VIP Weekly Report: The crypto market failed to benefit from easing inflation. BTC declined initially before stabilizing and staging a modest rebound, ending the week down 3.08%. ETH followed a similar pattern but posted a smaller weekly decline of 1.81%. VELVET, ETHFI, and LINK ranked among the top performers, with 7-day returns of +123.25%, +29.40%, and +15.42%, respectively. On-chain capital recorded net outflows of approximately $289 million over the past week, while Ethereum’s net outflows narrowed significantly from around $1.069 billion the previous week to $453 million. Capital increasingly flowed into high-efficiency and high-yield opportunities. Spark Liquidity Layer TVL rose 12.8% week over week to $1.765 billion, indicating that stablecoin liquidity is shifting from passive deposits toward active asset allocation.