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Gate Research Daily Report: On September 28, the crypto market remained in a high-level consolidation phase, with BTC trading around $84,000, ETH facing mild pressure, and GT showing relative strength. The Altcoin Season Index rose to 64, as capital rotation broadened into mid-cap assets such as IMX, SEI, and AIC. On the industry front, U.S. spot BTC ETFs recorded their largest weekly net inflow in nearly a year, progress on the CLARITY Act stalled, and THORChain’s handling of hacker-linked funds sparked debate over decentralization and compliance responsibilities.

Gate Research Daily Report: On September 28, global markets showed mixed performance, with all three major U.S. stock indices advancing, Hong Kong equities pulling back, and South Korean markets closed for the Chuseok holiday. The crypto market remained range-bound at elevated levels, with BTC holding above $84,000 while AIC, IMX, and W led gains. A series of rug pulls on Robinhood Chain, the DYORSWAP fake-chain incident, and Ethereum’s 2030 architecture roadmap emerged as key industry developments.

Gate Research Daily Report: On September 24, the crypto market entered a high-level correction following a rapid rally, with BTC retreating toward $84,000 and both ETH and GT coming under pressure as leveraged positions declined. Capital rotated into trending tokens such as NIL, TAKE, and SAGA. On the industry front, Blockchain.com and the NYSE explored tokenized trading for U.S. stocks and ETFs, Galaxy added $100 million in sUSDS to its corporate treasury, and Coinbase for Agents introduced U.S. stock trading and x402 payments.

Gate Research Weekly Report: Over the past week, BTC and ETH rose by approximately 10.41% and 9.85%, respectively, with their latest prices at around $84,374 and $2,689. Both, however, saw a notable pullback after oil prices rebounded and the 10-year U.S. Treasury yield returned to around 5%. The total crypto market capitalization stands at approximately $2.88 trillion, with BTC dominance at around 58.77%, while total stablecoin supply has increased to roughly $312.6 billion. AI gaming, on-chain derivatives, and privacy computing saw pockets of strong activity, with AKE, DRV, and ZAMA among the week’s top-performing tokens. On the industry front, the U.S. SEC granted a five-year conditional exemption for tokenized U.S. stock trading, Blockchain.com and the New York Stock Exchange plan to provide access to tokenized stocks and ETFs, while Galaxy allocated $100 million to Sky’s sUSDS. Over the next seven days, tokens including XPL, H, GT, FOGO, B2, FF, and GUN are scheduled for unlocks,

Meme trading terminals are evolving beyond a narrow focus on execution speed toward a broader integration of Alpha discovery, on-chain intelligence, social signals, multi-chain trading, and automation. As capabilities such as New Token discovery, Smart Money tracking, KOL Callouts, Holder analysis, Copy Trade, and Agent Trade become increasingly interconnected, competition is shifting from feature coverage toward signal quality, data connectivity, and end-to-end trading workflows. Leveraging account-based liquidity, multi-chain coverage, platform traffic, and security infrastructure, Gate Trenches brings the discovery, analysis, and trading of emerging on-chain assets into a more unified account experience.

Stock-paired memes are becoming a new tool for Launchpads to differentiate themselves. By combining tokenized-stock pairings, treasury rewards, and social trading, they connect public-company narratives with on-chain liquidity and speculation. The growth of platforms such as Pons and Long.xyz indicates that this model has spread across multiple chains and can be amplified through CEX distribution. Yet these tokens are not stocks, and holders do not possess underlying equity rights. Limited float, dependence on trading volume, price de-pegging, and social manipulation constrain their long-term value. At the same time, stock-paired memes may represent only the earliest stage of on-chain innovation involving tokenized stocks.

Gate Research VIP Daily Report: With lower oil prices easing some inflationary pressure but expectations of persistently high interest rates continuing to constrain risk appetite, BTC traded sideways and held on to its recent rebound gains. The 4-hour structure remained relatively strong, while the daily chart stayed neutral to moderately bullish. ETH pulled back slightly after an intraday rally but maintained an overall range-bound yet relatively bullish structure. MUBARAK, AURORA, and MPLX surged 78.49%, 67.80%, and 44.32%, respectively, driven by geopolitical narratives, ecosystem rotation, and renewed interest in NFT infrastructure. FXNW launch trading also went live. FastX Network launched its debut trading, fueling momentum around the AI computing infrastructure narrative. Powfi launched its mainnet, while Alephium introduced concentrated liquidity and liquid staking. Sonic rolled out its V2.2 upgrade, expanding both transaction batching and execution engine capacity.

Gate Research Daily Report: With lower oil prices easing some inflationary pressure but expectations of persistently high interest rates continuing to constrain risk appetite, BTC traded sideways and held on to its recent rebound gains. The 4-hour structure remained relatively strong, while the daily chart stayed neutral to moderately bullish. ETH pulled back slightly after an intraday rally but maintained an overall range-bound yet relatively bullish structure. MUBARAK, AURORA, and MPLX surged 78.49%, 67.80%, and 44.32%, respectively, driven by geopolitical narratives, ecosystem rotation, and renewed interest in NFT infrastructure. FXNW launch trading also went live. FastX Network launched its debut trading, fueling momentum around the AI computing infrastructure narrative. Powfi launched its mainnet, while Alephium introduced concentrated liquidity and liquid staking. Sonic rolled out its V2.2 upgrade, expanding both transaction batching and execution engine capacity.

The Federal Reserve raised interest rates by 25 basis points, while the U.S. 10-year Treasury yield climbed to around 5%. BTC and ETH came under pressure early in the week but significantly outperformed most traditional risk assets on a weekly basis. Weekly BTC ETF flows improved from net outflows to roughly flat, while ETH ETFs shifted to a net outflow of $141 million. Total stablecoin supply contracted slightly, with USDe and USDS capturing structural inflows. The earlier explosive growth driven by stock-related Meme trading began to cool. LSTs broadly recovered, while Aave’s outstanding borrowings increased by 2.2%. BTC OI rose by 6.42%, with funding rates remaining positive throughout the week. BTC’s 7-day 25D Skew climbed to +3.30%, while DVOL declined by 8.33% from the beginning of the week.

The crypto market came under pressure early in the week amid expectations of a rate hike, with BTC and ETH both declining at one point. However, BTC and ETH posted weekly gains that significantly outperformed those of most traditional risk assets. Looking ahead, elevated bond yields and high oil prices remain the main constraints on further valuation expansion. NEAR, ARB, and ENA ranked among the top performers, with 7-day returns of +85.44%, +63.00%, and +61.63%, respectively. On-chain capital recorded a modest net inflow of approximately $140 million over the past week, with flows increasingly concentrated in RWA, real-revenue, and institutional narratives. Arc generated approximately $411 million in DEX trading volume on the first day of its mainnet launch, driven by the Launchpad and Meme frenzy. Its initial surge largely reflected spillover from the Robinhood Chain wealth effect, while the sustainability of long-term demand remains to be seen.

Gate Research Daily Report: On September 21, chip and cybersecurity stocks advanced in the U.S. while oil and gas stocks declined; biotechnology and PCB names led Hong Kong higher and South Korean semiconductors rebounded. BTC returned above 86,000 USDT as AURORA, AIOZ and ZETA gained; BitMine added ETH, Strategy bought BTC, and Coinbase opened IPO allocation applications to eligible U.S. customers, with market breadth and macroeconomic data also in focus.

Gate Research VIP Daily Report: On September 18, BTC, ETH and GT rebounded as the market digested a Fed rate hike and CLARITY Act headwinds. Total crypto market capitalization was about $2.82 trillion, with SAGA, ONE and STONK gaining. Bitcoin ETFs turned positive for the week as ETH ETFs ended a four-week inflow streak; ZetaChain approved a migration direction, while NYSE continued testing Avalanche technology as its tokenization platform awaits regulatory implementation.