BTC $63,867.06 +0.25%
ETH $1,904.60 -0.39%
BNB $570.86 +0.31%
XRP $1.07 +0.70%
SOL $73.48 +0.07%
TRX $0.3253 +0.33%
DOGE $0.0700 -0.39%
ADA $0.1620 +0.53%
BCH $211.16 -1.07%
LINK $8.30 -1.20%
HYPE $53.94 -1.73%
AAVE $96.12 -4.30%
SUI $0.6851 -0.80%
XLM $0.1716 -0.93%
ZEC $468.36 +0.86%
BTC $63,867.06 +0.25%
ETH $1,904.60 -0.39%
BNB $570.86 +0.31%
XRP $1.07 +0.70%
SOL $73.48 +0.07%
TRX $0.3253 +0.33%
DOGE $0.0700 -0.39%
ADA $0.1620 +0.53%
BCH $211.16 -1.07%
LINK $8.30 -1.20%
HYPE $53.94 -1.73%
AAVE $96.12 -4.30%
SUI $0.6851 -0.80%
XLM $0.1716 -0.93%
ZEC $468.36 +0.86%

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Gate Ventures: BTC and ETH continue their recovery trend, on-chain settlement infrastructure attracts capital attention

According to the latest weekly report from Gate Ventures, global risk assets are under pressure due to adjustments in technology stocks, fluctuations in the energy market, and changes in macro expectations, with the cryptocurrency market showing a volatile recovery trend. BTC rose 1.1% over the week, ETH rose 4.4%, pushing the ETH/BTC ratio up by 2.2%, and the total market capitalization of cryptocurrencies increased by 1.03%. In terms of capital flow, the net inflow for spot BTC ETFs was only $33.8 million for the week, the lowest level since their launch; the net inflow for spot ETH ETFs during the same period was $103.9 million, indicating an improvement in market sentiment, with the Fear and Greed Index rising to 30, but still in the "fear" range. Meanwhile, the price of STRC under Strategy remained around $86, trading below par for the ninth consecutive week, with the institutional holding ratio continuing to increase, and the market is paying attention to its subsequent performance.In terms of industry development, stablecoin payments and the construction of blockchain financial infrastructure are continuing to advance. KB Kookmin Bank is collaborating with Kinexys, a subsidiary of JPMorgan, to explore blockchain-based cross-border payment services, further promoting traditional financial institutions' layout in on-chain payment scenarios; Kakao and Circle are exploring the payment infrastructure for a Korean won stablecoin, accelerating the application exploration of stablecoins in retail payments and cross-border settlements. In terms of investment and financing, a total of 8 financing transactions were completed last week, with a disclosed total financing amount of $196.5 million, among which the financing scale in the infrastructure sector was the highest, reaching $193 million, and the stablecoin clearing infrastructure project Augustus completed $180 million in financing. Overall, the market's short-term risk appetite remains cautious, but stablecoin payments, on-chain clearing, and financial infrastructure construction continue to attract capital attention.

Trade.xyz announces full compensation for the abnormal liquidation event of the Hynix contract and accelerates the reform of the pricing mechanism

Trade.xyz issued a statement regarding the SK Hynix contract price spike incident: On July 27 at 23:01 UTC, the marked price of SK Hynix tokens plummeted from $1,127.9 to $917.25, triggering a large number of long position liquidations. This price originated from an actual transaction captured by multiple independent data providers, with the external venue being a major pre-market in South Korea. Its oracle system operates according to established specifications, synchronously tracking prices from external exchanges, functioning "as designed" on a technical level.However, the platform acknowledges that user dissatisfaction with the liquidations triggered by this event is understandable, emphasizing that "market integrity is the core value of Trade.xyz." To address this, Trade.xyz has decided to cover all liquidation losses caused by this price anomaly on a one-time discretionary basis. Specific eligibility requirements will be announced soon, with compensation expected to be completed within a few days, but it clearly states that this decision "does not constitute a guarantee for similar situations in the future." At the mechanism level, the platform will accelerate the review of pricing methods— including reassessing the assumptions of reliance on external venues and giving greater weight to its own order book price discovery (its order book depth and signal strength have significantly improved compared to external sources) to more effectively handle tail events.

The Federal Reserve FOMC interest rate decision is approaching, and Gate event contracts help users capture short-term market expectations

The Federal Reserve will hold the FOMC monetary policy meeting from July 28 to 29, and the market is closely watching the direction of interest rate adjustments, inflation trends, and the policy signals released by Fed Chairman Kevin Warsh and officials. In the context of macro events driving market volatility, Gate event contracts are becoming a focus tool for some investors participating in the FOMC trading cycle. This product revolves around the price direction of BTC and ETH in short cycles such as 5 minutes, 15 minutes, 1 hour, and 4 hours, allowing users to make market arrangements in advance based on their predictions of macro policy outcomes and market trends.Compared to traditional derivatives, event contracts adopt a probability pricing model, with each contract priced between 0.01 to 0.99 USDT, and a minimum participation threshold of 1.5 USDT. The product mechanism does not introduce leverage, does not involve margin calls or forced liquidations, and the user's maximum loss is limited to the principal paid at the time of purchase; if the directional judgment is correct, it will be settled at 1 USDT per contract upon expiration. Under key nodes such as macro policies, this model provides users with a trading method that has clear risk boundaries and a lower participation threshold.In addition, Gate event contracts have launched a "New User First Order Compensation" activity, opening a $20,000 prize pool. Eligible new users who complete their first transaction and incur a loss can receive compensation rewards according to the rules.As the FOMC decision and subsequent policy statements are about to be announced, market sentiment may undergo further changes, and Gate event contracts provide users with a new way to participate in short-cycle market trading.
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