BTC is overall maintaining a short-term oscillation structure, with the current price running intermittently above the hourly moving average, and the short-term trend remains relatively stable. The MACD indicator shows that the dual lines are in a death cross state, with the histogram continuously shrinking and momentum weakening. If it cannot regain a stable position above 112,000 in the short term, attention should be paid to support testing around 111,000 or even 110,000. Conversely, if it breaks through 112,500 with increased volume, it may open up further upward space.
ETH (+2.11% | Current Price 4,438 USDT)
ETH has recently experienced a drop followed by a rebound, currently in a consolidation phase after the rebound, with the price short term constrained by resistance around 4,470. The MACD indicator shows the initial appearance of a death cross at a high level, and there are signs of a decline in short-term momentum. If it cannot effectively break through the resistance above 4,500, it is necessary to guard against the possibility of a pullback to the range of 4,400 to 4,350.
GT (+0.32% | Current Price 17.004 USDT)
GT short-term maintains a gradual upward rhythm, currently running above various short-term moving averages. The 5-day and 10-day moving averages show a bullish arrangement, with the price center steadily rising. The MACD indicator maintains a golden cross structure, with the red bars gently expanding, demonstrating good momentum. If trading volume continues to cooperate, the short-term is expected to challenge the previous high of 17.15, with support focused on the 16.90 line; if it breaks below, a retest near 16.70 may occur.
Daily Price Change Tokens
In the past 24 hours, the encryption market has maintained a strong consolidation trend, with mainstream coins mostly rising and few falling. BTC slightly increased by 0.18%, remaining in a high volatility range; ETH performed relatively strongly, with a 24-hour increase of 2.11%, boosting market sentiment; some high market cap tokens like SOL and XRP saw slight adjustments. Overall, while there is no significant trending breakthrough in the market, the price focus of mainstream coins has slightly shifted upward, and the differentiation among sectors continues.
At the same time, some mid-to-small market cap tokens with clear narratives have gained funding attention, such as Story Network (IP, +5.14%), Maple (SYRUP, +7.64%), and Ethena (ENA, +5.07%), all recording relatively impressive gains, reflecting the market's phased expectations for the continuity of their narratives and ecological development.
IP Story Network (+5.14%, circulating market value 2.073 billion USD)
According to Gate market data, the current price of the IP token is $8.281, up 5.14% over the past 24 hours. Story Network is a protocol ecosystem focused on decentralized intellectual property (IP) management and creator incentives, which has recently attracted market attention due to two major developments. Firstly, the ecosystem application Aria Protocol announced the completion of a $15 million financing round, with investors including Polychain and Story Foundation, among others. The project aims to split streaming income rights for music works into tradable assets, having already supported songs from artists such as BLACKPINK, BTS, and Dua Lipa. Secondly, the Poseidon application within the ecosystem has now launched on the Worldcoin Mini App Store, allowing users to earn points by uploading voice data, promoting the implementation of AI data training applications.
The current round of price increase is primarily driven by the aforementioned news, with investors giving positive feedback on Story's actual implementation capabilities in the AI and music IP sectors. Additionally, the overall sentiment in the IP sector has warmed up, leading to a concentrated influx of funds.
ENA Ethena (+5.07%, circulating market cap 4.812 billion USD)
According to Gate's market data, the current price of the ENA token is $0.7201, having increased by 5.07% in the last 24 hours. Ethena is a stablecoin protocol focused on on-chain dollar assets and interest yield structures, with its core product USDe featuring a "synthetic stablecoin" model that does not require bank support, providing stable value anchoring through on-chain staking and hedging strategies. ENA serves as the platform's governance and incentive token, participating in protocol revenue distribution and ecological governance mechanisms.
The current rise is mainly driven by multiple favorable data. Official disclosures reveal that the circulation scale of USDe on centralized exchanges has surpassed 1 billion dollars, while the overall market value has reached 12 billion dollars, making it the fastest growing digital dollar asset in history. The accumulated interest income of the Ethena ecosystem has also exceeded 500 million dollars, indicating that its revenue model is gradually maturing. The market's recognition and expectations regarding its growth rate and on-chain dollar status have strengthened, driving up the ENA token.
SYRUP Maple (+7.64%, Market Cap 559 Million USD)
According to Gate market data, the current price of the SYRUP token is $0.49751, with a 7.64% increase in the last 24 hours. Maple is an on-chain credit market platform aimed at institutional lending needs, and the recently launched syrupUSDC is its derivative stable asset on the Arbitrum network, which can be used as collateral to borrow other mainstream stablecoins (such as USDC, USDT, GHO), and is integrated into several lending protocols including 0xfluid, MorphoLabs, and Euler.
The recent rise of SYRUP may be related to the official launch of syrupUSDC on the Arbitrum network. This asset has now been integrated into multiple lending protocols and incorporated into the Arbitrum DRIP incentive program, allowing users to use syrupUSDC as collateral to borrow stablecoins and earn additional rewards. The launch of this feature enhances the use cases for syrupUSDC and may also boost the overall liquidity on the platform, becoming one of the short-term factors attracting market attention.
Hotspot Interpretation
Linea TVL breaks through 1.8 billion USD, liquidity incentive program launched
According to DefiLlama data, the total value locked (TVL) in DeFi on the Linea network has risen to $1.894 billion, with an increase of approximately 17.05% over the past 24 hours, setting a new historical high. The recent significant increase in TVL on the network reflects a simultaneous rise in capital inflows and ecosystem activity.
One of the main factors driving growth is the Ignition Incentive Program launched on September 3, which Linea announced will distribute a total of 1 billion LINEA tokens to attract liquidity and user participation. The first batch of partnership agreements includes Etherex, Aave, and Euler, with incentive directions covering mainstream scenarios such as lending and trading. The plan is currently open to participants, but whether it can bring long-term retention remains to be seen.
Gate has launched the Ondo section, opening up stock asset token trading.
Gate, a cryptocurrency asset trading platform, announced the official launch of the Ondo section, opening the first batch of 26 popular trading pairs, including AAPLON, METAON, TSLAON, NVDAON, etc. Users can participate in trading using USDT. This section is jointly launched by Gate and Ondo, based on a compliant physical asset tokenization model. All listed tokens are anchored to corresponding publicly traded stocks, fully asset-collateralized, and support on-chain free transfer and cross-chain circulation, enabling integration and interoperability across multiple ecosystems.
To complement the launch of the special zone, Gate will hold the CandyDrop event from September 4 to September 17, where users participating in Ondo zone trading will have the chance to share 384,615 ONDO tokens, with a maximum of 220 tokens per person. This zone supports fractional trading, on-chain transfers, and 24/7 trading, offering higher accessibility and operational flexibility compared to traditional markets.
Galaxy Digital collaborates with Superstate to tokenize the stock GLXY on Solana.
Galaxy Digital and asset tokenization platform Superstate announced a collaboration to bring its listed stock GLXY onto the Solana blockchain for on-chain tokenized issuance. According to the announcement, investors who have completed KYC verification can convert their GLXY shares into tokens through Superstate's Opening Bell platform and transfer and trade them on specific DeFi platforms.
Superstate indicates that this attempt is the first to tokenize and trade publicly listed company stocks directly on a public blockchain. Although related operations are still subject to compliance reviews and investor identity restrictions, this case demonstrates the exploratory path of integrating traditional securities markets with blockchain technology, especially in the potential applications within open financial infrastructure.
References:
[Gate Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate will not be liable for any losses or damages resulting from such investment decisions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gate Research Institute: BTC and ETH slightly Rebound | Gate launches Ondo special Spot trading
Encryption Asset Overview
BTC (+0.68% | Current Price 111,565 USDT)
BTC is overall maintaining a short-term oscillation structure, with the current price running intermittently above the hourly moving average, and the short-term trend remains relatively stable. The MACD indicator shows that the dual lines are in a death cross state, with the histogram continuously shrinking and momentum weakening. If it cannot regain a stable position above 112,000 in the short term, attention should be paid to support testing around 111,000 or even 110,000. Conversely, if it breaks through 112,500 with increased volume, it may open up further upward space.
ETH (+2.11% | Current Price 4,438 USDT)
ETH has recently experienced a drop followed by a rebound, currently in a consolidation phase after the rebound, with the price short term constrained by resistance around 4,470. The MACD indicator shows the initial appearance of a death cross at a high level, and there are signs of a decline in short-term momentum. If it cannot effectively break through the resistance above 4,500, it is necessary to guard against the possibility of a pullback to the range of 4,400 to 4,350.
GT (+0.32% | Current Price 17.004 USDT)
GT short-term maintains a gradual upward rhythm, currently running above various short-term moving averages. The 5-day and 10-day moving averages show a bullish arrangement, with the price center steadily rising. The MACD indicator maintains a golden cross structure, with the red bars gently expanding, demonstrating good momentum. If trading volume continues to cooperate, the short-term is expected to challenge the previous high of 17.15, with support focused on the 16.90 line; if it breaks below, a retest near 16.70 may occur.
Daily Price Change Tokens
In the past 24 hours, the encryption market has maintained a strong consolidation trend, with mainstream coins mostly rising and few falling. BTC slightly increased by 0.18%, remaining in a high volatility range; ETH performed relatively strongly, with a 24-hour increase of 2.11%, boosting market sentiment; some high market cap tokens like SOL and XRP saw slight adjustments. Overall, while there is no significant trending breakthrough in the market, the price focus of mainstream coins has slightly shifted upward, and the differentiation among sectors continues.
At the same time, some mid-to-small market cap tokens with clear narratives have gained funding attention, such as Story Network (IP, +5.14%), Maple (SYRUP, +7.64%), and Ethena (ENA, +5.07%), all recording relatively impressive gains, reflecting the market's phased expectations for the continuity of their narratives and ecological development.
IP Story Network (+5.14%, circulating market value 2.073 billion USD)
According to Gate market data, the current price of the IP token is $8.281, up 5.14% over the past 24 hours. Story Network is a protocol ecosystem focused on decentralized intellectual property (IP) management and creator incentives, which has recently attracted market attention due to two major developments. Firstly, the ecosystem application Aria Protocol announced the completion of a $15 million financing round, with investors including Polychain and Story Foundation, among others. The project aims to split streaming income rights for music works into tradable assets, having already supported songs from artists such as BLACKPINK, BTS, and Dua Lipa. Secondly, the Poseidon application within the ecosystem has now launched on the Worldcoin Mini App Store, allowing users to earn points by uploading voice data, promoting the implementation of AI data training applications.
The current round of price increase is primarily driven by the aforementioned news, with investors giving positive feedback on Story's actual implementation capabilities in the AI and music IP sectors. Additionally, the overall sentiment in the IP sector has warmed up, leading to a concentrated influx of funds.
ENA Ethena (+5.07%, circulating market cap 4.812 billion USD)
According to Gate's market data, the current price of the ENA token is $0.7201, having increased by 5.07% in the last 24 hours. Ethena is a stablecoin protocol focused on on-chain dollar assets and interest yield structures, with its core product USDe featuring a "synthetic stablecoin" model that does not require bank support, providing stable value anchoring through on-chain staking and hedging strategies. ENA serves as the platform's governance and incentive token, participating in protocol revenue distribution and ecological governance mechanisms.
The current rise is mainly driven by multiple favorable data. Official disclosures reveal that the circulation scale of USDe on centralized exchanges has surpassed 1 billion dollars, while the overall market value has reached 12 billion dollars, making it the fastest growing digital dollar asset in history. The accumulated interest income of the Ethena ecosystem has also exceeded 500 million dollars, indicating that its revenue model is gradually maturing. The market's recognition and expectations regarding its growth rate and on-chain dollar status have strengthened, driving up the ENA token.
SYRUP Maple (+7.64%, Market Cap 559 Million USD)
According to Gate market data, the current price of the SYRUP token is $0.49751, with a 7.64% increase in the last 24 hours. Maple is an on-chain credit market platform aimed at institutional lending needs, and the recently launched syrupUSDC is its derivative stable asset on the Arbitrum network, which can be used as collateral to borrow other mainstream stablecoins (such as USDC, USDT, GHO), and is integrated into several lending protocols including 0xfluid, MorphoLabs, and Euler.
The recent rise of SYRUP may be related to the official launch of syrupUSDC on the Arbitrum network. This asset has now been integrated into multiple lending protocols and incorporated into the Arbitrum DRIP incentive program, allowing users to use syrupUSDC as collateral to borrow stablecoins and earn additional rewards. The launch of this feature enhances the use cases for syrupUSDC and may also boost the overall liquidity on the platform, becoming one of the short-term factors attracting market attention.
Hotspot Interpretation
Linea TVL breaks through 1.8 billion USD, liquidity incentive program launched
According to DefiLlama data, the total value locked (TVL) in DeFi on the Linea network has risen to $1.894 billion, with an increase of approximately 17.05% over the past 24 hours, setting a new historical high. The recent significant increase in TVL on the network reflects a simultaneous rise in capital inflows and ecosystem activity.
One of the main factors driving growth is the Ignition Incentive Program launched on September 3, which Linea announced will distribute a total of 1 billion LINEA tokens to attract liquidity and user participation. The first batch of partnership agreements includes Etherex, Aave, and Euler, with incentive directions covering mainstream scenarios such as lending and trading. The plan is currently open to participants, but whether it can bring long-term retention remains to be seen.
Gate has launched the Ondo section, opening up stock asset token trading.
Gate, a cryptocurrency asset trading platform, announced the official launch of the Ondo section, opening the first batch of 26 popular trading pairs, including AAPLON, METAON, TSLAON, NVDAON, etc. Users can participate in trading using USDT. This section is jointly launched by Gate and Ondo, based on a compliant physical asset tokenization model. All listed tokens are anchored to corresponding publicly traded stocks, fully asset-collateralized, and support on-chain free transfer and cross-chain circulation, enabling integration and interoperability across multiple ecosystems.
To complement the launch of the special zone, Gate will hold the CandyDrop event from September 4 to September 17, where users participating in Ondo zone trading will have the chance to share 384,615 ONDO tokens, with a maximum of 220 tokens per person. This zone supports fractional trading, on-chain transfers, and 24/7 trading, offering higher accessibility and operational flexibility compared to traditional markets.
Galaxy Digital collaborates with Superstate to tokenize the stock GLXY on Solana.
Galaxy Digital and asset tokenization platform Superstate announced a collaboration to bring its listed stock GLXY onto the Solana blockchain for on-chain tokenized issuance. According to the announcement, investors who have completed KYC verification can convert their GLXY shares into tokens through Superstate's Opening Bell platform and transfer and trade them on specific DeFi platforms.
Superstate indicates that this attempt is the first to tokenize and trade publicly listed company stocks directly on a public blockchain. Although related operations are still subject to compliance reviews and investor identity restrictions, this case demonstrates the exploratory path of integrating traditional securities markets with blockchain technology, especially in the potential applications within open financial infrastructure.
References:
[Gate Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate will not be liable for any losses or damages resulting from such investment decisions.