Gate Research Institute: crypto market is consolidating | AVNT big pump 361% draws follow

Crypto Market Overview

• BTC (-0.35% | Current price 110,974 USDT): After a wave of increase, BTC has shown a significant pullback in the short term, with the current price maintaining around 110,974.7 USD. Its trading volume has noticeably increased during the decline, indicating that the bearish forces are taking the initiative. If the price continues to fluctuate below 111,000 USD, it may further test the support around 110,000 USD. However, if it can stabilize quickly and recover the MA30, there is hope to return to the range of 112,000 - 113,000. Overall, BTC's short-term trend has weakened, and further retracement risks should be noted.
• ETH (+0.5% | Current price 4,309 USDT): ETH has recently been oscillating around 4,300 USDT, currently closing at 4,309.62 USDT. Its trading volume increased during local dips, but the rebound momentum is insufficient, indicating fierce competition between bulls and bears. If the price can break through 4,340 USDT with increased volume, it is expected to challenge the 4,380 - 4,400 USDT resistance zone again; if it falls below 4,280 USDT, it may trigger further pullbacks to test the 4,237 USDT low. Overall, ETH is currently in a consolidation phase, and the direction choice awaits confirmation from the trading volume.
• Altcoins: Most mainstream altcoins have maintained slight increases, with market sentiment mainly being "neutral" or "buying". The Fear and Greed Index reports 48 today, still within the neutral range, indicating that market sentiment is in a balanced state with no strong bullish or bearish sentiment.
• Macroeconomic: On September 9, the S&P 500 index rose by 0.27% to 6,512.61 points; the Dow Jones index increased by 0.43% to 45,711.34 points; the Nasdaq index climbed by 0.37% to 21,879.49 points. As of September 10, 10:51 AM ( UTC+8, the spot gold price per ounce is currently reported at 3,635 USD, with a 24H increase of 0.04%.

Trending Tokens on Juejin

AVNT Avantis (+361.27%, Market Cap 0.49 million USD)

According to Gate market data, the current price of AVNT token is 0.2311 USD, having risen approximately 361.27% within 24 hours. Avantis is a decentralized perpetual contract exchange aimed at achieving high-leverage trading of cryptocurrencies and real-world assets (RWA), including foreign exchange, commodities, indices, and upcoming stocks. Avantis is supported by Pantera and Coinbase and is the largest decentralized exchange by trading volume on the Base platform, bringing institutional-grade products to the DeFi space, allowing users to trade with leverage of up to 500 times in a transparent, permissionless environment.

Avantis, as an important derivatives platform within the Base ecosystem, has quickly attracted market attention with the launch of the AVNT token airdrop checker. Starting from September 9, over 65,000 wallets can participate in the distribution, with the narrative focusing on large-scale user participation, effectively enhancing community activity and token liquidity. At the same time, the project team has just completed an $8 million financing round led by Founders Fund and Pantera Capital, and the market is full of expectations for its prospects of combining on-chain and real-world macro asset trading. The dual support of funding and narrative has rapidly increased its popularity. According to Gate.io market data, the AVNT token is currently priced at $0.2311, having surged 361.27% within 24 hours, with a significant increase in trading volume, concentrated capital inflow, and strong bullish sentiment.

BID CreatorBid (+60.51%, circulating market value 0.35 million USD)

According to Gate market data, the current price of the BID token is $0.1313, with a 60.51% increase in the last 24 hours. CreatorBid (BID) is an innovative platform at the intersection of blockchain technology and the digital content market, leveraging the power of artificial intelligence to provide a decentralized marketplace that enables creators, artists, and influencers to monetize and tokenize their works. The platform features a variety of unique functionalities, from its integration of artificial intelligence to strategic partnerships that enhance its market position, and focuses on AI-based personalized content experiences.

CreatorBid's recent innovative updates focus on providing agent teams with highly flexible customized launch infrastructure. Key highlights include funding collection and distribution mechanisms, installment token economics, and Decreasing Exit Tax (DET) planning functionality. These tools not only enhance the team's control over funding and token circulation but also strengthen the ecosystem's security and liquidity through the combination of Conviction Vault and decentralized exchanges. Additionally, the project party has opened a dual-track mechanism for fixed price releases and community voting, allowing the project to gain strategic support from curators while retaining the option for complete independent launch. The narrative emphasizes decentralization and freedom, attracting market attention. According to Gate.io market data, the BID token is currently priced at 0.1313 USD, having surged 60.51% in the last 24 hours, with concentrated capital inflow, rapidly warming market sentiment, and a noticeable bullish atmosphere.

XPIN XPIN Network (+52.01%, circulating market cap 0.33 million USD)

According to Gate's market data, the current price of the XPIN token is $0.002186, having risen approximately 52.01% in the last 24 hours. XPIN Network is redefining global connectivity as an AI-driven decentralized communication infrastructure, combining decentralized wireless technology with community-centered innovation. XPIN stands out in its asset class, distinguishing itself from purely speculative altcoins by combining decentralized governance and support for real-world applications. In the DePIN sector, its specific positioning adds another layer of appeal for short-term traders focused on utility-driven demand and speculative interests.

The FreeData Plan recently launched by XPIN has become the core of the narrative, emphasizing global free connectivity services without borders or operator restrictions, covering 149 countries and regions, and achieving automatic network switching through Xtella.AI to ensure users always maintain the best connection experience. This decentralized wireless network concept highlights its vision of fairness, security, and low cost, while the user-as-builder participation model further strengthens community consensus. With XPIN deposits exceeding 900 million tokens and a loyalty deposit annual yield as high as 400%, market enthusiasm has been rapidly ignited. According to Gate market data, the current price of XPIN tokens is 0.002186 USD, up 52.01% within 24 hours, with a significant increase in trading volume, strongly bullish sentiment driving capital inflow.

Alpha Interpretation

Asset Entities merges with Strive Enterprises to establish a Bitcoin finance company, aiming to raise $1.5 billion to purchase BTC.

The marketing company Asset Entities (ASST) announced that its shareholders have approved a merger with Strive Enterprises, led by former U.S. Department of Efficiency head Vivek Ramaswamy, with plans to establish a financial company focused on Bitcoin. Officials stated that "the vast majority" of shareholders voted in favor of the transaction, and the new company will be renamed Strive, Inc., continuing to trade under the stock code ASST. At the same time, the company plans to raise up to $1.5 billion for large-scale purchases of Bitcoin to build a core asset reserve.

This move not only reflects the trend of traditional companies accelerating their transition to Bitcoin asset allocation but also highlights the increasingly solid position of Bitcoin among institutional investors. By focusing its core business on Bitcoin, Strive, Inc. is expected to further attract the attention of the capital market and open up new growth spaces for the company. However, at the same time, how to balance fundraising with Bitcoin price volatility will remain a key consideration for the company's future operations. Investors should also pay attention to the stability of its long-term strategic execution and compliance risks.

Kiln orderly exit Ethereum validator nodes to address the SwissBorg incident and ensure staker safety.

The staking infrastructure provider Kiln announced that following the SwissBorg-related Solana incident, it has launched a plan to orderly exit all of its Ethereum (ETH) validator nodes to enhance the security of customer assets. The official statement indicated that the exit process is expected to take between 10 and 42 days, depending on the circumstances of the validators, with withdrawals arranged by the network to be completed within a maximum of 9 days after the exit. During this period, validators can still earn rewards. Kiln emphasized that they will take immediate action upon discovering potential infrastructure risks, and this decision to exit nodes is a responsible measure to ensure the safety of stakers. Currently, Kiln has suspended certain staking services, including Dashboard, Widget, and API.

This action not only demonstrates Kiln's ability to respond quickly and control risks after the incident, but also highlights the security challenges faced by staking infrastructure in a multi-chain ecosystem. By proactively exiting the validation node, Kiln sends a signal: in the complex and ever-changing crypto market environment, the safety of user assets always takes precedence over short-term gains.

ALT5 Sigma adjusts Eric Trump's position, holding significant equity in WLFI to strengthen market layout.

According to Forbes, ALT5 Sigma disclosed in documents submitted to the U.S. Securities and Exchange Commission (SEC) that, after discussions with Nasdaq, it has adjusted the position of Eric Trump, Donald Trump's son, from a proposed director to a board observer to comply with its listing rules. At the same time, ALT5 Sigma holds approximately 38% of the equity in World Liberty Financial and has up to 22.5 billion WLFI tokens, enjoying about 75% of the token sale revenue rights.

This action not only demonstrates ALT5 Sigma's proactive adjustments to its governance structure within a compliance framework but also highlights its deep participation and influence in the WLFI project. By mastering large-scale token rights and profit distribution rights, the company is expected to take a dominant position in the future token economy and business expansion. However, significant token concentration may also bring market volatility and regulatory risks. Investors, while focusing on potential returns, must also carefully assess the associated uncertainties.
Reference Materials:

• 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/BSU?pid=355
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Foresightnews, https://foresightnews.pro/news/detail/83730
• Foresightnews, https://foresightnews.pro/news/detail/83726
• Foresightnews, https://foresightnews.pro/news/detail/83724

Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate does not accept any responsibility for any losses or damages arising from such investment decisions.