Topics

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 Daily Report: On September 7, U.S. markets were closed for Labor Day. Hong Kong equities weakened, while South Korean equities advanced on semiconductor gains. BTC fell below 80,000 USDT, with CNPY, SOPH, and IOST outperforming. DBS and Citi completed a weekend tokenized-deposit USD payment from Singapore to the United States; Hanwha completed an Avalanche-based tokenized securities platform; and Capital B purchased an additional 376 BTC. Attention remains on oil prices and their implications for inflation expectations.

Gate Research VIP Daily Report: On September 7, the crypto market extended its choppy recovery, with BTC reclaiming $80,000 and ETH showing relative strength, while capital rotated more rapidly into NYM, CATE, and RAY. On the industry front, Orionx permanently shut down due to a custody shortfall, Solana advanced its Alpenglow upgrade, and Robinhood Chain sparked renewed discussion over value capture within Ethereum’s Layer 2 ecosystem.

Gate Research Daily Report: On September 7, stronger-than-expected U.S. employment data pushed up expectations for further rate hikes, sending all three major U.S. stock indices lower. Hong Kong and South Korean equities, by contrast, rebounded on gains in technology and semiconductor stocks. The crypto market edged higher, with BTC holding near $80,000, while NYM, CATE, and ZAMA led gains. Meanwhile, security and operational incidents involving Liquid Network, Orionx, and Router Protocol emerged as key industry concerns.

In August, global capital markets continued to recover amid weakening employment and growth momentum, although inflationary pressures remained unresolved. Policy expectations shifted from further tightening toward a pause in rate hikes and the prospect of eventual easing. AI and mega-cap technology stocks regained prominence in US equities, while gold, energy, and major crypto assets also attracted renewed investor interest. However, elevated US Treasury yields and geopolitical risks continued to constrain institutional risk appetite. In crypto markets, both spot Bitcoin and Ethereum ETFs recorded sustained net inflows. Bitcoin re-emerged as the core institutional holding, while Ethereum retained its role as a higher-beta allocation. Meanwhile, tokenized equities, Meme trading front ends, and x402 emerged as key on-chain themes. GMGN regained its edge as a leading gateway for Meme trading through its multi-chain coverage, while x402’s high-frequency micropayments provided early validat

Risk assets advanced broadly in August, with BTC and ETH gaining approximately 25.1% and 32.6%, respectively. ETH led the crypto market despite higher volatility, while the NAS100 outperformed both the US500 and US30. Gate futures data showed continued growth in BTC and ETH open interest, alongside moderately positive funding rates. Long accounts remained dominant, although taker selling volume stayed relatively high. A wave of short liquidations also provided a temporary boost to the month’s rally. Across the four backtested models, the 100-day moving average and 20-day price momentum strategy delivered positive cumulative returns, with future execution focused on trend confirmation, volatility-based position sizing, and leverage risk control.

In August 2026, the crypto market continued its recovery and accelerated in the latter half of the month, with total market capitalization rising from approximately $2.24 trillion to $2.70 trillion, representing a monthly gain of around 20.66%. Among 489 valid samples, 365 recorded gains, accounting for 74.64% of the total, with a median return of 6.50%. BTC and ETH rose 23.67% and 29.95%, respectively, while long-tail assets such as PONS, BTR, and GOOSE led the gains. However, the sharp drawdowns in KAITO and US highlighted the need to remain cautious about token unlocks and liquidity risks. Over the month, 96 tokens saw trading volume increase by more than 3x, 46 by more than 5x, and 19 by more than 10x. Among tokens with volume growth exceeding 10x, 16 posted gains, two declined, and one remained broadly flat, indicating that positive price-volume momentum strengthened further compared with July.

Gate Research Daily Report: Total crypto market capitalization rose 4.4% to $2.82 trillion, with BTC, ETH, and GT gaining 4.23%, 4.51%, and 5.43%. MARSCOIN, USELESS, and HNT led the gainers. US regulators are reviewing round-the-clock equity perpetuals, a crypto-friendly fintech platform received conditional approval for a national bank charter, and debate intensified over the regulatory classification of crypto perpetual futures.

Gate Research Daily Report: All three major U.S. stock indices rebounded, led by gains in technology stocks. Hong Kong tech shares remained under pressure, while South Korean equities delivered mixed performance. The total crypto market capitalization rose 4.4%, with BTC holding firmly above 80,000 USDT and ETH also gaining ground. MARSCOIN, USELESS, and HNT led the market higher. Meanwhile, Coinbase continued to expand its push into equity perpetual futures, while Revolut received conditional approval for a U.S. national bank charter.

Gate Research VIP Daily Report: BTC edged higher within a narrow range, while ETH remained under pressure, with macroeconomic uncertainty driving divergence among major cryptocurrencies. Platform-related assets saw relatively stronger buying support, with GT gaining steadily and approaching its intraday high. AKE, SUT, and T rose 73.83%, 48.26%, and 43.51%, respectively, mainly driven by increased trading activity and narrative rotation across AI gaming, payment applications, and privacy infrastructure. Arbitrum DAO’s revenue rose to $6.19 million in the first half of the year, with expansion networks emerging as a new source of revenue. The attacker behind a hardware wallet exploit transferred part of the stolen assets for the first time, with cross-chain swaps providing new clues for tracking the funds. The Federal Reserve’s Beige Book indicated moderate economic growth, while U.S. equities rebounded as oil prices retreated.

Gate Research Weekly Report: Over the past week, U.S. equities pulled back amid rising oil prices and higher Treasury yields, with the S&P 500, Dow Jones, and Nasdaq falling approximately 0.6%, 0.9%, and 0.7%, respectively. BTC declined around 2.14% over the past seven days to $77,336, while ETH fell approximately 4.57% to $2,392. The total crypto market capitalization stood at roughly $2.70 trillion, while BTC dominance rose to 59.57%. Total stablecoin supply reached approximately $311.7 billion. Select segments, including DePIN, AI Agents, and Layer 2s, saw pockets of strength, with HNT, UAI, and ARB among the week’s standout performers. Key industry developments included the Cronos security incident, G20 statements on digital asset regulation, and Wyoming’s verification of its state-level stablecoin reserves. On the funding front, capital primarily flowed into blockchain-based settlement solutions for banks, DeFi risk protection, and Web3 social data infrastructure. Looking ahead to

Gate Research VIP Daily Report: Amid rising oil prices, higher bond yields, and mounting pressure on risk assets, BTC retreated toward the lower end of its recent trading range. As macro risk aversion intensified and major crypto assets underwent broad-based deleveraging, ETH posted a steeper decline than BTC. UAI, MARSCOIN, and ACE rose 51.05%, 40.45%, and 26.95%, respectively, mainly driven by short-term trading activity and sector rotation across AI, meme, and blockchain gaming narratives. Twenty-one financial institutions are preparing to establish a stablecoin company, with plans to initially launch a U.S. dollar-denominated product. The U.S. is considering updates to transfer agent rules to address risks associated with on-chain securities and smart contracts. Ontology suspended its mainnet following a security incident and is proceeding with a network upgrade and asset verification.