Gate Research Institute Daily Report: On September 17, Bitcoin broke through $116,900 and is currently priced at $111,277, with a short-term trend leaning towards strength; ETH is priced at $4,326, still in a phase of consolidation; most altcoins have seen slight increases, with the Fear and Greed Index at 54, indicating neutral market sentiment. In terms of hot tokens, GAI surged 119.35% in 24 hours, while UNA and F rose 43.40% and 32.15% respectively, with continuous capital inflow. On the macro level, the three major U.S. stock indices fell slightly, with spot gold priced at $3,682; in industry news, Nothing completed a $200 million financing round, Sui joined the Google Agentic Payments Protocol, and Movement upgraded to an independent Layer 1.
BTC (+0.04% | Current Price $111,277 USDT): After several days of sideways movement, BTC saw a significant rise in the early hours of September 17, with the price briefly breaking the $116,900 mark and reaching a high of $116,956. The trading volume increased during the breakout, indicating strong buying interest. If it can stabilize above $116,500, there is still a chance for a short-term upward test of $117,000 or even higher resistance zones. However, caution is needed regarding the risk of chasing prices at high levels; if the price falls back below $116,000 with decreasing volume, a short-term pullback may occur. Overall, the trend remains strong, and it is advisable to control positions to avoid chasing highs.
ETH (-1.63% | Current Price $4,326 USDT): ETH has seen a downward trend after retreating from a high of $4,738, with a low of $4,424. Although there are signs of stabilization at the current price, it is still hovering near important moving averages. The trading volume has decreased compared to previous periods, indicating a growing wait-and-see sentiment in the market. If it can effectively break through and stabilize above $4,550, it may gradually repair the downward trend and challenge the $4,700 resistance again. However, if it falls below the $4,450 support, the market may weaken again, and short-term attention should be paid to the risk of a second bottom. The overall trend remains weakly oscillating, and observing changes in volume is key.
Altcoins: Most mainstream altcoins have maintained slight increases, with market sentiment primarily "neutral" or "buy." The Fear and Greed Index reported 54 today, still in the neutral range, indicating a balanced state of market sentiment without strong bullish or bearish emotions.
Macro: On September 16, the S&P 500 index fell by 0.13%, closing at 6,606.76 points; the Dow Jones index fell by 0.27%, closing at 45,757.90 points; the Nasdaq index fell by 0.066%, closing at 22,333.96 points. As of September 17, 11:03 AM (UTC+8), the price of spot gold is temporarily reported at $3,682, with a 24-hour decline of 0.32%.
According to Gate market data, the current price of GAI token is $0.4387, having risen approximately 119.35% in 24 hours. GraphAI is the first AI data layer based on MCP, powered by GraphRAG, which integrates RWA into the DeFAI world and provides real-time blockchain intelligence to support the operation of on-chain AI agents integrating real-world assets (RWA).
GraphEngine focuses on simplifying the pain points of blockchain data queries, allowing users to create subgraphs in seconds and obtain real-time insights on on-chain liquidity, cross-protocol token flows, and market event correlations through natural language. With the integration of GraphAI and ASI One, on-chain data is further transformed into inferential intelligence, enabling developers to quickly call real-time subgraphs and provide verifiable on-chain context for intelligent agents in large-scale scenarios, significantly enhancing efficiency and flexibility. This innovative narrative has accelerated market attention; according to Gate market data, GAI token is currently priced at $0.4387, having surged 119.35% in 24 hours, accompanied by increased trading volume, with a strong bullish atmosphere driving continuous capital inflow.
According to Gate market data, the current price of UNA token is $0.05022, having risen approximately 43.40% in 24 hours. Unagi is a leading Web3 game studio. Join us in stepping into the future of gaming, experiencing the combination of decentralized gaming and unlimited excitement. UNA serves as a universal pass for playing all Unagi games, providing a seamless experience across game types and platforms. We are building a tightly connected and interconnected gaming environment. One token, multiple worlds.
Hana Studios, as the latest Web3 content engine launched by Persona, focuses on reducing complexity and integrating gaming, AI, and NFT application scenarios. Users can pay with $UNA, $HANA, and various mainstream tokens without fiat currency or subscription barriers, with discounts available when using $UNA and $HANA. Narratively, Hana Studios provides a simple entry point for NFTs to be quickly empowered and applied, highlighting their practicality and openness. Meanwhile, according to Gate market data, UNA token is currently priced at $0.05022, with a 24-hour increase of up to 43.40%, showing strong market performance with significant capital inflow, reflecting high attention and positive sentiment surrounding the new narrative.
According to Gate market data, the current price of F token is $0.01848, having risen 32.15% in 24 hours. SynFutures (F) is a leading decentralized exchange (DEX) and full-stack financial infrastructure dedicated to empowering future trading. 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 with leverage. As a leading perpetual contract DEX on multiple networks such as Base, SynFutures has launched the industry's first perpetual contract Launchpad, attracting numerous quality assets including blue-chip tokens, LSTs, and meme coins. With support from top institutions such as Pantera, Polychain, Dragonfly, Standard Crypto, Framework, and SIG, SynFutures is building a platform that integrates spot markets, perpetual contracts, and wealth management vaults, simplifying the DeFi process for everyone.
SynFutures is building a new DeFi ecosystem, with a core narrative focusing on unification, permissionless, simplicity, and transparency, while introducing key features such as RWA, institutional-level liquidity, and millisecond-level latency, highlighting its technological and application prospects. The project team announced that an invitation-only Beta test will begin in Q4, while Monday Trade has already launched on the Monad Testnet, marking the start of the Builder Program. Additionally, the intelligent agent Synthia assists trading through natural language on X, further enhancing product innovation and user experience. According to Gate market data, F token is currently priced at $0.01848, having risen 32.15% in 24 hours, with market attention significantly increased due to the narrative, and capital inflow and bullish atmosphere simultaneously strengthened.
Web3 smartphone manufacturer Nothing announced the completion of a $200 million Series C financing round at a valuation of $1.3 billion, led by Tiger Global, with existing investors GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry participating, bringing the company's total financing to over $450 million. Previously, Nothing collaborated with Polygon to launch the blockchain phone Nothing Phone, showcasing its innovative attempts in the Web3 hardware ecosystem. Following this financing, the company plans to launch its first batch of AI-native devices next year, further expanding the smart terminal field.
This move not only demonstrates the capital market's 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 smart device usage experience, attracting more developers and users into its ecosystem. However, the AI and Web3 hardware market is still in its early stages, and the uncertainties of technological iteration and user acceptance will be the main challenges the company faces, and investors should also pay attention to related risks.
Mysten Labs stated that the Sui network is one of the first partners to participate in Google's Agentic Payments Protocol (AP2), which allows AI agents to execute payment operations on behalf of users. AP2 was initially developed by Mysten Labs, with Sui providing fast, programmable payment capabilities and privacy-first identity support, laying the foundation for the future automated operations of AI agents in commercial scenarios. Additionally, Sui supports encrypted identity management, decentralized storage, and privacy-protecting login functions, providing technical assurance for the integration of AI and blockchain.
This move not only showcases Sui's foresight in technological innovation and ecological layout but also highlights the application potential of blockchain in AI automated payments and digital identity management. By integrating with Google AP2, Sui is expected to accelerate the practical 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 remain key issues to focus on in the future.
The Movement announced that its network will transition from a sidechain architecture to an independent Layer 1 blockchain, supporting native token staking and adopting Move 2.0 features first. The new architecture is expected to achieve a processing capacity of over 10,000 transactions per second, with transaction confirmation times of less than one second, marking a significant breakthrough compared to the previous performance limit of 500-600 TPS. At the same time, the Layer 1 design removes the single point of failure risk associated with centralized orderers in the sidechain model, further enhancing network security and decentralization. According to the new rules, only unlocked MOVE tokens can participate in staking, while locked tokens will not be eligible for 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 at the infrastructure level. By embracing Move 2.0, Movement will provide developers with more flexible functional support and plans to migrate network state and storage framework when the time is right. For users, existing funds and published contracts remain unchanged, reducing the uncertainty brought by the network transition. With the launch of the public testnet, Movement is expected to attract more developers and community participation, but balancing performance expansion and ecosystem building will remain key to future development.
Related: Memecoin sector plummets | PayPal to support direct cryptocurrency transfers
Original: “Market Consolidates | GAI Soars 119.35% to Lead Hotspots”
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