Crypto Market Overview

• BTC (+0.04% | Current Price: 111,277 USDT): After experiencing a round of decline, the price of BTC quickly stabilized and rebounded, currently standing near the 111,000 dollar, and the short-term bullish force has increased. From the perspective of trading volume, there is a certain amount of support during the rebound process, indicating that the buying pressure is gradually recovering. If the price can effectively break through and stabilize above the 112,000 dollar, it is expected to further challenge the previous high 112,500 dollar area. However, if the upward momentum is weak and falls below the 110,000 dollar, it may test the previous low support again. The short-term trend of BTC tends to be volatile and strong, and attention should be paid to the gains and losses of key levels. On September 4th, the Bitcoin spot ETF once again saw a net outflow of funds in a single day, with an overall outflow scale of 222.90 million US dollars. Among them, BlackRock IBIT achieved a net inflow of 134.80 million US dollars, becoming the only product with a large amount of money.
• ETH (-1.63% | Current Price: 4,326 USDT): ETH’s current price has returned to Above $4,320, there are signs of stabilization in the short-term trend. From the perspective of trading volume, the low rebound is accompanied by a certain amount of buying volume, indicating that the market has a willingness to accept the current price. If ETH can break through the $4,400 mark, it is expected to start a new round of upward movement; conversely, if it falls below $4,250, it may continue to oscillate and consolidate. Overall, ETH is in a correction recovery trend, attention should be paid to the upper pressure and lower support. On September 4th, the Ethereum spot ETF recorded a net outflow of $167.30 million in a single day. In the meantime, BlackRock ETHA inflows $148.80 million, the market’s main source of incremental funds .
• Altcoins: Most mainstream counterfeit products continued to rise slightly, and the market sentiment was mainly “neutral” or “buy”. The fear and greed index reported 54 today, still in the neutral zone, indicating that the market sentiment is in a state of balance, without a strong bullish or bearish sentiment.
• Macro: On September 16th, the S&P 500 index fell by 0.13%, reporting 6,606.76 points; the Dow Jones index fell by 0.27%, reporting 45,757.90 points; the Nasdaq index fell by 0.066%, reporting 22,333.96 points. As of September 17 th at 3:03 AM (UTC), the spot gold price per ounce was temporarily reported at $3,682, with a 24-hour decline of 0.32%.

Trending Tokens

GAI – GraphAI (+119.35%, Circulating Market Cap: $45M)

According to Gate’s market data, the current quote for GAI tokens is $0.4387, an increase of about 119.35% in the past 24 hours. GraphAI is the first AI data layer based on MCP and driven by GraphRAG, which can integrate RWA into the world of DeFAI and provide real-time blockchain intelligence to support the operation of on-chain AI agents that integrate real-world assets (RWA).

GraphEngine focuses on simplifying the pain points of blockchain data query, allowing users to create subgraphs in seconds and obtain real-time insights such as on-chain liquidity, cross-protocol token flow, and market event correlations through natural language. With the integration of GraphAI and ASI One, on-chain data is further transformed into inference intelligence, enabling developers not only to quickly invoke real-time subgraphs but also to provide verifiable on-chain context for intelligent agents in large-scale scenarios, significantly improving efficiency and flexibility. This innovative narrative has accelerated the attraction of market attention. According to Gate market data, the GAI token is currently priced at $0.4387, with a significant increase of 119.35% in 24 hours. During this period, there was an increase in transaction volume, and a strong bullish atmosphere drove funds to continue to pour in.

UNA – Unagi Token (+43.40%, Circulating Market Cap: $32M)

According to Gate market data, the current quote for the UNA token is $0.05022, an increase of about 43.40% in the past 24 hours. Unagi is a leading Web3 game studio. Join us in the future of gaming and experience the combination of decentralized games and infinite excitement. UNA is a universal pass to play all Unagi games, providing a seamless experience across game genres and platforms. We are building a closely connected and interoperable gaming environment. One token, multiple worlds.

Hana Studios, as Persona’s latest Web3 content engine, focuses on reducing complexity and integrating game, AI, and NFT application scenarios. Users can pay with $UNA, $HANA, and various mainstream tokens, without the need for fiat currency or subscription thresholds. Using $UNA and $HANA can also enjoy discounts. Narratively, Hana Studios provides a simple entry point, allowing NFTs to be quickly empowered and applied, highlighting their practicality and openness. At the same time, according to Gate market data, the UNA token is currently priced at $0.05022, with a 24-hour increase of up to 43.40%. Its market performance is strong, and funds are clearly concentrated inflow, reflecting a high level of attention and positive sentiment around the new narrative.

F – SynFutures (+32.15%, Circulating Market Cap: $48M)

According to Gate’s market data, the current quote for F tokens is $0.01848, an increase of 32.15% in the past 24 hours. SynFutures (F) is a leading decentralized exchange (DEX) and full-stack financial infrastructure, dedicated to empowering future transactions. SynFutures utilizes its Oyster automated market maker (AMM) model and fully on-chain derivatives order matching engine, enabling anyone to list and trade any asset and conduct leveraged transactions. As a leading perpetual contract DEX on multiple networks such as Base, SynFutures launched the industry’s first perpetual contract Launchpad, attracting many high-quality assets such as blue-chip tokens, LST, meme coins, etc. With the support of top institutions such as Pantera, Polychain, Dragonfly, Standard Crypto, Framework, and SIG, SynFutures is building a platform that integrates Spot Market, perpetual contracts, and wealth management vaults, simplifying the process of DeFi and benefiting everyone.

SynFutures is building a brand-new DeFi ecosystem, with its core narrative focusing on unity, permissionlessness, simplicity, and transparency. It also introduces key features such as RWA, institutional-level liquidity, and millisecond latency, highlighting its technology and application prospects. The project team announced that it will launch an invitation-only Beta test in Q4, and Monday Trade has already been launched on the Monad Testnet, marking the start of the Builder Program. In addition, the intelligent agent Synthia assists transactions through natural language on X, further enhancing product innovation and User Experience. According to Gate market data, the F token is currently priced at $0.01848, an increase of 32.15% in 24 hours. The market attention has been significantly improved driven by the narrative, and the influx of funds and the bullish atmosphere have also been enhanced simultaneously.

Alpha Insights

Nothing completed a $200 million Series C financing, and its valuation reached $1.3 billion. It is accelerating its layout in the AI and Web3 ecosystem

Web3 smartphone manufacturer Nothing announced the completion of a $200 million Series C financing at a valuation of $1.3 billion, led by Tiger Global, with existing investors such as GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry also participating, bringing the company’s total financing to more than $450 million. Previously, Nothing had collaborated with Polygon to launch the blockchain phone Nothing Phone, demonstrating its innovative efforts in the Web3 hardware ecosystem. After this financing, the company plans to launch its first batch of AI native devices next year, further expanding the field of smart end points.

This move not only demonstrates Capital Markets’ high recognition of Nothing’s technology and vision, but also highlights the potential of the integration of Web3 and AI in the future development of hardware. By combining blockchain and artificial intelligence, Nothing is expected to create a new intelligent device experience and attract more developers and users to enter its ecosystem. However, the AI and Web3 hardware market is still in its early stages, and the uncertainty of technological iteration and user acceptance will be the main challenges the company needs to face. Investors also need to pay attention to the related risks.

Sui joined Google Agentic Payments Protocol, promoting AI and blockchain aggregate payment method

Mysten Labs said that the Sui network participated as one of the first partners in Google’s launch of the Agentic Payments Protocol (AP2), which allows AI agents to perform payment operations on behalf of users. AP2 was originally developed by Mysten Labs, and Sui provides fast, programmable payment capabilities and privacy-first identity support, laying the foundation for future automated operations of AI agents in commercial scenarios. In addition, Sui also supports encrypted identity management, decentralized storage, and privacy-protected login functions, providing technical support for the integration of AI and blockchain.

This move not only demonstrates Sui’s forward-looking approach to technological innovation and ecological layout, but also highlights the application potential of blockchain in AI automated payment and digital identity management. Through its integration with Google AP2, Sui is expected to accelerate the implementation of Web3 and artificial intelligence, providing users with a more efficient, secure, and privacy-controlled payment experience. However, as the ecosystem develops, the compliance and security of AI agents executing payments will still be key issues to focus on in the future.

Move has been upgraded to an independent Layer1, unlocking the potential of Move 2.0 to enhance performance and security

The Movement announced that its network will transition from a sidechain architecture to an independent Layer1 blockchain, supporting native token staking and being the first to adopt Move 2.0 features. The new architecture is expected to achieve more than 10,000 transactions per second, with a transaction confirmation time of less than one second, which is a significant breakthrough compared to the previous performance limit of 500-600 TPS. At the same time, the design of Layer1 removes the single point of failure risk reliant on a centralized sequencer in the sidechain mode, further enhancing cyber security and decentralization features. According to the new rules, only unlocked MOVE tokens can participate in staking, and locked tokens will not be able to use this mechanism.

This move not only demonstrates Movement’s strategic upgrade in performance and security, but also highlights the innovative progress of the Move language ecosystem in terms of infrastructure. By embracing Move 2.0, Movement will provide developers with more flexible functional support, and plans to migrate the network state and storage framework when the time is ripe. For users, both the funds and the published contracts remain unchanged, reducing the uncertainty brought about by the network transformation. With the launch of the public test network, Movement is expected to attract more developers and community participation, but the balance between performance expansion and ecosystem construction will still be the key to future development.

Gate Launchpool

New Token Sale Details

• Subscription Project: Hippo Protocol
• Token Name: HP
• Subscription Period: Until 9:00 (UTC) on September 22, 2025
• Participation Method: Stake BTC, HP to claim for free
• Total Airdrop Supply: 1,882,531 HP

Project Introduction

Hippo Protocol provides a regulatory-compliant blockchain abstraction infrastructure that allows hospitals, clinics, and institutions to securely store, verify, and process healthcare data while ensuring compliance with HIPAA, GDPR, and FHIR standards. For individual users, Hippo Protocol gives users full control over their health records, unlocking personalized rights, and ensuring privacy through zero-knowledge proofs and encryption technologies. For healthcare providers, Hippo Protocol eliminates adoption barriers through Gas abstraction and seamless blockchain integration, ensuring the provision of secure, compliant, and practical data solutions.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/HP?pid=384
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Foresightnews, https://foresightnews.pro/news/detail/84438
• Foresightnews, https://foresightnews.pro/news/detail/84395
• Foresightnews, https://foresightnews.pro/news/detail/84422
• Gate Launchpool, https://www.gate.com/announcements/article/47146

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.