Gate Research Institute: Circle launches Nanopayments testnet | Gate launches TradFi trading API and multi leverage ..] Market Review: On March 4th, the overall cryptocurrency market maintained a volatile and weak pattern, with BTC and ETH entering a narrow consolidation stage after a previous pullback. Short term momentum was limited, and market sentiment remained in the "extreme panic" range. Overall, the risk appetite of funds is still cautious, and the market is mainly characterized by range fluctuations and structural games. The trend direction has not yet formed a clear consensus. Popular Tokens: Narrative of Fund Continued Gaming and Technological Restoration Targets in Weak Environments. PHA has significantly increased under the reinforcement of privacy computing and "Confidential AI" narrative, reflecting the phased attention to AI data security infrastructure; AIXBT experienced a technical reversal after a long period of decline, with a large volume rebound driving short-term capital inflows; AKT, on the other hand, is driven by the decentralized computing market and the expectation of mainnet upgrades, reflecting the continued attractiveness of the AI computing infrastructure narrative. Alpha interpretation: The market structure signal points to the continuous advancement of AI infrastructure and stablecoin payment system. On the one hand, research shows that 48.3% of AI decision-making scenarios choose Bitcoin as a monetary tool to strengthen the value storage positioning of encrypted assets in the automated financial system; On the other hand, Circle has launched the Nanopayments micro payment testing network to explore AI agents and on chain micro payment scenarios. At the same time, Gate has launched the TradFi trading API and multi-level leverage mechanism, further improving the multi asset programmatic trading system, indicating that the trading platform is accelerating its development towards the integration of traditional finance and on chain infrastructure. Explore today's details → Gate Research Institute: Circle launches Nanopayments testing website | Gate launches TradFi trading API and multi leverage mechanism Gate Research Institute is a comprehensive platform for blockchain and cryptocurrency research, providing readers with in-depth content including technical analysis, hot topic insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis. Disclaimers Investing in the cryptocurrency market involves high risks, and it is recommended that users conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate shall not be liable for any loss or damage caused by such investment decisions. Gate team March 4th, 2026