Gate Research Institute: BTC breaks 116,900 USD with a short-term bullish trend｜GAI big pump 119.35% leading the way

Encryption Assets Overview

BTC (+1.41% | Current price 116,656 USDT)

After several days of sideways fluctuations, BTC saw a significant surge in the early morning of September 17, with the price briefly breaking through the $116,900 mark and reaching a high of $116,956. The short-term moving averages (MA5, MA10) quickly turned upwards and are in a bullish arrangement, with the price operating above MA30, indicating strong short-term bullish momentum. The trading volume expanded concurrently at the breakout, suggesting active buying power entering the market. If it can stabilize above $116,500, there is still an opportunity for a continued upward test of $117,000 or even higher pressure zones. However, caution is needed for the risks of chasing prices at high levels; if the price falls back below $116,000 and is accompanied by a decrease in volume, a short-term pullback and consolidation may occur. Overall, the trend remains strong, and it is advisable to control positions and avoid chasing highs.

ETH (-0.10% | current price 4,512 USDT)

ETH has recently shown a downward trend after falling from a high of $4,738, reaching a low of $4,424. Although there are signs of stabilization at the current price, it is still hovering around important moving averages. From the perspective of short-term moving averages, MA5 and MA10 have just started to converge and are attempting to turn, with the price temporarily running near MA30, indicating that bearish pressure has weakened but bullish strength still needs confirmation. Trading volume has decreased compared to previous periods, suggesting a growing sentiment of market hesitation. If it can effectively break through and stabilize above $4,550, there will be a hope to gradually repair the downward trend and challenge the resistance level of $4,700 again. However, if it breaks below the support at $4,450, the market may weaken again, and short-term attention should be paid to the risk of a second bottoming. The overall trend remains weak and volatile, and observing changes in volume is key.

GT (+0.62% | Current Price 17.03 USDT)

The recent trend of GT is relatively weak, with the price falling from a high of $17.53 to a low of $16.81, and oscillating in a low range. The short-term moving averages (MA5, MA10) have just formed a golden cross, and the price is slightly above MA30, indicating initial signs of a stop in the short term, but bullish momentum is still insufficient. The overall trading volume remains low, only slightly increasing during local rebounds, indicating limited enthusiasm for capital entry. If the price can stabilize above the $17 level and gradually increase in volume, it is expected to challenge the resistance above $17.3. However, if it falls back below $16.9 again, it may continue to oscillate or test previous lows. Overall, GT shows slight signs of rebound, but lacks trend continuity, and caution is still needed in the short term.

Daily Price Fluctuation Tokens

The overall market atmosphere is positive, with BTC rising by 1.34%, boosting market sentiment; BNB has a notable increase of 3.94%. Among mainstream tokens, XRP and ADA rose by 1.82% and 1.60%, respectively, with funding attention continuing to heat up. In contrast, ETH fell slightly by 0.15%, and TRX dropped by 0.81%, indicating some funds flowing out of high-priced varieties. Overall, the rotation of funds is evident, and market sentiment remains cautiously optimistic.

GAI GraphAI (+119.35%, circulating market value 0.45 million USD)

According to Gate.io market data, the current price of the GAI token is 0.4387 USD, having increased by approximately 119.35% within 24 hours. GraphAI is the first AI data layer based on MCP and powered by GraphRAG, which integrates RWA into the world of DeFAI 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 invoke real-time subgraphs and provide verifiable on-chain context for intelligent agents in large-scale scenarios, significantly improving efficiency and flexibility. This innovative narrative accelerates market attention, according to Gate market data, the GAI token is currently priced at 0.4387 USD, having surged 119.35% within 24 hours, accompanied by increased trading volume, with a strong bullish sentiment driving continuous capital inflow.

UNA Unagi Token (+43.40%, circulating market cap 0.32 million USD)

According to Gate market data, the current price of the UNA token is $0.05022, which has increased by approximately 43.40% in the last 24 hours. Unagi is a leading Web3 gaming studio. Join us in stepping into the future of gaming, experiencing the combination of decentralized gaming and infinite excitement. UNA is the universal pass for playing all Unagi games, providing a seamless experience across game types and platforms. We are building a closely 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 the need for fiat currency or subscription barriers, and by using $UNA and $HANA, they can enjoy discounts. In terms of narrative, Hana Studios provides a straightforward entry point for NFTs to be quickly empowered and applied, highlighting their practicality and openness. Meanwhile, according to Gate market data, the UNA token is currently priced at $0.05022, with a 24-hour increase of up to 43.40%, demonstrating a strong market performance with significant capital inflow, reflecting a high level of attention and positive sentiment surrounding the new narrative.

F SynFutures (+32.15%, circulating market value 0.48 million USD)

According to Gate market data, the current price of the F token is $0.01848, up 32.15% in the last 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 to enable anyone to list and trade any asset with leverage. As a leading perpetual contract DEX across multiple networks, including Base, SynFutures has launched the industry's first perpetual contract Launchpad, attracting numerous quality assets such as blue-chip tokens, LSTs, and meme coins. With support from top institutions like 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 the core narrative focusing on unity, permissionless, simplicity, and transparency, while introducing key features such as RWA, institutional-level liquidity, and millisecond latency, highlighting its technology and application prospects. The project team announced that an invitation-only Beta test will start in Q4, while Monday Trade has already launched on the Monad Testnet, marking the start of the Builder Program. Additionally, the smart agent Synthia assists in trading on X through natural language, further enhancing product innovation and user experience. According to Gate market data, the F token is currently priced at $0.01848, up 32.15% within 24 hours, with significant market attention driven by the narrative, leading to increased capital inflow and a bullish atmosphere.

Daily New Subscription

IPO details

• Subscription Project: Hippo Protocol
• Token Name: HP
• New subscription time: until September 22, 2025, 17:00 (UTC+8)
• Participation method: Stake BTC or HP to receive for free
• Total airdrop amount: 1,882,531 HP

Project Introduction

Hippo Protocol provides a regulatory-compliant chain 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, the Hippo Protocol empowers users with complete control over their health records, unlocking personalized rights and ensuring privacy through zero-knowledge proofs and encryption technology. For healthcare providers, the Hippo Protocol eliminates adoption barriers through Gas abstraction and seamless blockchain integration, ensuring the provision of secure, compliant, and practical data solutions.

Hot Spot Interpretation

Nothing has completed a $200 million Series C financing, with a valuation reaching $1.3 billion, accelerating its layout in the AI and Web3 ecosystem.

Web3 smartphone manufacturer Nothing has announced the completion of a $200 million Series C funding round at a valuation of $1.3 billion, led by Tiger Global, with participation from existing investors such as GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry, bringing the company's total funding 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 funding, the company plans to launch its first batch of AI-native devices next year, further expanding in the smart terminal field.

This action not only demonstrates the capital market's high recognition of Nothing's technology and vision but also highlights the potential of the fusion of Web3 and AI in the future development of hardware. By combining blockchain and artificial intelligence, Nothing is expected to create a brand new user experience for smart devices, 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 needs to face, and investors should also pay attention to the associated risks.

Sui joins Google Agentic Payments Protocol, promoting the integration of AI and encryption in payments.

Mysten Labs stated that the Sui network is one of the first partners involved in the Agentic Payments Protocol (AP2) launched by Google, a standard that allows AI agents to perform payment operations on behalf of users. AP2 was initially developed by Mysten Labs, and Sui provides fast, programmable payment capabilities and privacy-first identity support, laying the foundation for future automation of AI agents in commercial scenarios. Additionally, Sui supports encryption identity management, decentralized storage, and privacy-protecting login features, providing technical assurance for the integration of AI and blockchain.

This action not only demonstrates Sui's foresight in technological innovation and ecosystem 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 remain key issues that need to be addressed in the future.

Movement upgraded to independent Layer 1, unleashing Move 2.0 potential to enhance performance and security.

The Movement announced that its network will transition from a sidechain architecture to an independent Layer 1 blockchain, supporting native token staking and being the first to adopt Move 2.0 features. The new architecture is expected to achieve a transaction processing capability of over 10,000 transactions per second, with a transaction confirmation time of less than one second, representing a significant breakthrough compared to the previous performance limit of 500-600 TPS. At the same time, the design of Layer 1 removes the risk of single point failure associated with centralized orderers under the sidechain model, further enhancing network security and decentralized characteristics. According to the new rules, only unlocked MOVE tokens can participate in staking, while locked tokens will not be able to be used in this mechanism.

This action not only demonstrates Movement's strategic upgrades 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 frameworks when the time is right. For users, existing funds and published contracts will remain unchanged, reducing the uncertainty brought about by the network transition. With the launch of the public testnet, Movement is expected to attract more developers and community participation, but balancing performance scaling and ecosystem development will remain key to future growth.
Reference Material:

• 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

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