Gate Research Institute: On September 8, BTC price fluctuated around $110,000; ETH price oscillated around $4,300, entering a consolidation phase. The total amount of tokenized gold on Ethereum reached $2.4 billion, nearly a 100% increase this year; Ethereum Layer 2 network Kinto announced it will shut down on September 30; Solana treasury company DeFi Development launched the ".dfdv" domain service.
BTC (0.30% | Current price 110,828 USDT): Recently, BTC price has been fluctuating around $110,000. Structurally, BTC formed a wave of upward movement from July to early August, peaking at $124,497, then faced resistance and fell back, dipping to a low of $98,200, maintaining an overall fluctuation in the $98,000–$124,000 range. The current price is consolidating in the middle of this range, with trading volume gradually decreasing, indicating that the market has entered a wait-and-see period. On September 5, BTC ETF saw a net outflow of $160 million in a single day, with BlackRock's IBIT seeing an outflow of $63.2 million.
ETH (0.01% | Current price 4,297 USDT): Recently, ETH price has been fluctuating narrowly around $4,300, currently trading below MA30 (4,424), reflecting a weakening of mid-term upward momentum. If ETH can regain a foothold above $4,420 (MA30 and previous resistance area), it is expected to restart its upward movement. On September 5, ETH ETF saw a net outflow of $446 million in a single day, with BlackRock's ETHA seeing an outflow of $309 million, while Fidelity's FETH saw an inflow of $37.8 million.
Altcoins: Most mainstream altcoins experienced slight declines, with market sentiment primarily "neutral." The Fear and Greed Index reported 51 today, within the normal range, indicating that market sentiment has somewhat alleviated compared to previous panic.
Macro: On September 5, the S&P 500 index fell by 0.32%, closing at 6,481.5 points; the Dow Jones index fell by 0.48%, closing at 45,400.86 points; the Nasdaq index fell by 0.03%, closing at 21,700.39 points. As of September 8, 11:00 AM (UTC+8), the spot price of gold was reported at $3,590 per ounce, with a 24-hour increase of 0.1%.
According to Gate market data, the current price of SOMI token is $1.46, with a 24-hour increase of 34.65%. Somnia is an L1 blockchain and a set of full-chain protocols connecting the metaverse, aiming to create a new, open, and unified virtual society. Somnia offers developers unlimited possibilities to create portable and remixable content by upgrading existing NFTs.
The core drivers of this round of price increase are mainly three points: first, the official launch of the mainnet and airdrop activities significantly enhanced market expectations and participation in the project; second, the listing on major exchanges greatly increased liquidity and accessibility for investors, driving new capital into the market; third, community enthusiasm continues to rise, combined with Somnia's narrative advantage as an L1 blockchain and full-chain metaverse protocol, further amplifying investment sentiment. Overall, the rapid rise of SOMI is driven by both fundamental events and the dual catalysts of market sentiment and liquidity.
According to Gate market data, the current price of GPS token is $0.014, with a 24-hour increase of approximately 26.26%. GoPlus Security is the first decentralized security layer for Web3, providing comprehensive protection for every transaction across all blockchain networks; its open, permissionless, and user-driven architecture allows any blockchain or project to integrate seamlessly. By protecting users at every stage of the transaction lifecycle, GoPlus creates a safer on-chain trading environment, ensuring peace of mind and trust in digital interactions.
The significant increase in GPS token price is mainly attributed to bullish technical signals, strategic ecosystem updates, and alleviation of dilution concerns. Among them, the official announcement of the upcoming launch of GoPlus SafeToken Locker as a new ecosystem is a key catalyst; this product supports flexible lock-up periods and reward collection features, and is deeply compatible with mainstream DEXs, enhancing investor confidence and demonstrating the project team's commitment to long-term development. This series of positive factors collectively drives market buying power.
According to Gate market data, the current price of WLD token is $1.21, with a 24-hour increase of approximately 22.43%. Worldcoin is an open-source protocol or system designed to help everyone enter the global economy; its design is decentralized, meaning its oversight and decision-making will ultimately depend on its user community.
The recent rise in WLD token price is primarily due to accelerated progress in ecological applications and collaborations. Key catalysts include the official opening of the World Build 2 application, which further enhances the token's practical application scenarios and user participation; the Peruvian University of Engineering and Technology (@utecpe) joining the AMPC partner network, promoting the implementation of quantum security technology research, enhancing the project's cutting-edge technological value and global collaboration landscape. These two developments strengthen market confidence in WLD's long-term potential, becoming the main driving force behind the recent price increase.
According to Token Terminal data, the scale of tokenized gold assets on Ethereum has reached $2.4 billion, achieving nearly 100% growth year-to-date. Currently, the market is mainly dominated by PAXG and XAUT, indicating that traditional safe-haven assets are accelerating their migration on-chain, with both the application scenarios and liquidity of on-chain gold continuously improving.
The rapid expansion of on-chain gold reflects the accelerating release of demand for "physical assets on-chain." On one hand, it meets investors' needs for allocating stable assets within the blockchain ecosystem; on the other hand, it indicates that Ethereum's capacity as an asset tokenization infrastructure is continuously strengthening. Notably, tokenized gold not only provides a new asset class for collateral and trading in DeFi but may also become an important entry point for traditional capital into the crypto ecosystem beyond stablecoins.
Ethereum Layer 2 project Kinto announced it will officially shut down on September 30. The platform suffered a contract vulnerability attack in July, where hackers forged 110,000 Kinto tokens and cashed out approximately 577 ETH, causing the token price to plummet by over 95%. Although the team subsequently launched the "Phoenix" restart plan, operations ultimately became unsustainable due to new debts and financing obstacles. Founder Ramón Recuero stated that he would use personal funds to compensate some users and promised to return 76% of the principal to Phoenix borrowers, with the remaining assets of the platform also used for compensation.
The shutdown of Kinto once again highlights the significant challenges emerging Layer 2 projects face in terms of security and sustainability. A single smart contract vulnerability not only destroys the project's reputation but also makes subsequent financing and ecosystem reconstruction nearly impossible. Although the team has made efforts to salvage the situation through the restart plan, once market trust is lost, it is often difficult to restore. This incident serves as a reminder to the industry: beyond scalability narratives and liquidity incentives, security and risk control are key to long-term survival.
Nasdaq-listed Solana treasury company DeFi Development (stock code: DFDV) announced the official launch of the ".dfdv" domain service. This service allows individuals, institutions, and blockchain projects to register personalized digital identities and use them as digital wallet addresses. DeFi Development stated that this move aims to build an identity layer for decentralized communities, while the net proceeds from domain sales will flow back to support the operation and development of the company's SOL treasury.
The launch of the ".dfdv" domain service marks an important step for the Solana ecosystem in digital identity and community building. By binding domain names to wallet addresses, users can achieve more intuitive asset management and enhance their recognition and credibility in on-chain interactions. Additionally, the revenue from domain sales flowing directly back to the treasury also demonstrates the project's innovative approach to ecological sustainability and capital operations. This initiative is expected to further enhance the stickiness of the Solana community, providing a new entry point for on-chain asset management and DeFi applications.
Related: Current key indicators of Ethereum (ETH) show a polarized trend.
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