Crypto Market Overview

BTC (+1.44% | Current Price: 115,880 USDT)

BTC maintains a short-term bullish structure, trading above its key moving averages. The short-term MAs are aligned in a bullish formation, and the price continues to follow an ascending channel. The MACD indicator shows sustained bullish momentum, with expanding green bars reflecting increasing buying strength. The price has broken above previous highs, briefly touching 116,300. If bullish sentiment continues, BTC could challenge the next resistance near 117,000. In the short term, support is seen in the 115,350–114,900 range.

ETH (+3.26% | Current Price: 4,523 USDT)

ETH continues its strong upward consolidation, holding steadily above short-term moving averages. Both the 5-day and 10-day MAs are clearly sloping upward, indicating a solid short-term trend. The MACD remains in a bullish crossover with expanding green bars, suggesting that bullish momentum is still building. If volume continues to grow, ETH could challenge resistance near 4,560. On pullbacks, the 4,475 level—near the moving averages—serves as initial support for the bulls.

GT (+0.13% | Current Price: 16.877 USDT)

GT continues to trend upward gradually, currently trading above all short-term moving averages. The 5-day and 10-day MAs are aligned in a bullish setup, and the price is steadily rising. The MACD indicator maintains a bullish crossover, with modestly expanding green bars suggesting healthy upward momentum. If trading volume holds up, GT may attempt to retest the previous high at 17.15. Initial support lies around 16.90; a breakdown below this level could see a retest of the 16.70 area.

Tokens Heatmap

Over the past 24 hours, the crypto market maintained a moderately bullish tone, with most major tokens closing higher. BTC rose 1.44%, continuing to trade within a high-level consolidation range, while ETH extended its gains to 3.26%. Other large-cap assets like SOL and XRP also moved upward, reflecting a mild recovery in market sentiment. Overall, the price levels of leading tokens have edged higher, though a clear breakout remains absent, and capital rotation continues to follow a sector-specific pattern.
Meanwhile, several mid-cap tokens with strong narratives delivered standout performances. Portal To Bitcoin (PTB, +43.71%), Numeraire (NMR, +17.65%), and Pi Network (PI, +3.14%) gained traction on the back of token launches, brand initiatives, and protocol upgrades. These moves highlight renewed market interest in themes like BTCFi, AI-powered predictions, and decentralized identity.

PTB Portal To Bitcoin （+43.71%, Circulating Market Cap: $137M)

According to Gate, PTB is currently trading at $0.06443, up approximately 43.71% in the past 24 hours. Portal To Bitcoin is a decentralized platform focused on building the BTCFi ecosystem, aiming to connect global financial markets to the Bitcoin network without custodial risk. Its core product, BitScaler, enables on-chain asset trading, cross-chain bridging, and access to financial instruments—allowing users to interact with multi-chain assets and Bitcoin in a trustless manner.
PTB’s recent surge is largely driven by multiple positive catalysts, including its token launch and strong institutional backing. Portal announced that it has secured support from major investors such as Gate Ventures, with total funding exceeding $90 million. Additionally, in a recent interview with Coindesk, the team shared its vision that “Bitcoin will awaken through BTCFi,” reinforcing its narrative and sparking market enthusiasm, which became a key driver of the token’s short-term rally.

NMR Numeraire（+17.65%, Circulating Market Cap: $151M)

According to Gate, NMR is trading at $18.671, up 17.65% in the last 24 hours. Numerai is a quantitative hedge fund platform combining artificial intelligence with decentralized modeling, inviting data scientists worldwide to contribute stock market prediction models. The NMR token is used to incentivize model submission, stake performance, and reward predictive accuracy.
NMR’s recent gains may be attributed to community and brand-building efforts. The Numerai Council of Elders recently announced the results of their summer logo design contest and will debut official merchandise at the “Decentralized AI Day” event in Vienna, boosting community identity and visibility. Coupled with renewed excitement around the “AI + DeFi” narrative, market sentiment has improved, supporting NMR’s price momentum.

PI Pi Network（+3.14%, Circulating Market Cap: $2.881B)

According to Gate, PI is currently priced at $0.35545, up 3.14% over the past 24 hours. Pi Network is a blockchain protocol designed for mobile-first participation and user co-creation, aiming to build a secure, low-barrier Web3 ecosystem. It leverages mobile mining and a strong community-driven model to onboard a large base of Web2 users. The PI token is primarily used for consensus rewards, ecosystem payments, and node incentives.
PI’s recent price increase is driven by expectations surrounding a protocol upgrade. Pi Network announced an upcoming upgrade to version 23, which introduces an embedded KYC module at the protocol level to ensure a verified on-chain environment. The KYC process will also be progressively decentralized to the community, enhancing governance and network security. This development boosts regulatory compliance and strengthens trust, laying the groundwork for the token’s eventual launch and ecosystem expansion—fueling short-term investor optimism.

Hotpot Insights

Solana TVL Surpasses $12.4 Billion, Reaches All-Time High

According to DefiLlama, Solana’s total value locked (TVL) has officially exceeded the $12 billion mark, currently sitting at $12.46 billion—a record high for the network. This milestone highlights Solana’s growing momentum in an increasingly competitive multi-chain environment and signals strong market confidence in its long-term ecosystem potential.
The continued rise in TVL is driven by multiple highly active protocols and sustained capital inflows. Whether in meme coin trading, the expansion of DeFi protocols, or the development of NFT and gaming applications, Solana consistently demonstrates strong on-chain activity. Combined with low transaction costs and a high-performance infrastructure, these advantages help retain users and attract developers and capital. This breakthrough in TVL may serve as a foundation for the next phase of ecosystem narrative and further solidify Solana’s leadership in the high-performance blockchain space.

Avalanche Launches $1B Crypto Treasury Plan to Strengthen AVAX Capital Base

The Avalanche Foundation is advancing an ambitious financing initiative aimed at establishing two crypto treasury entities that will collectively raise approximately $1 billion to purchase AVAX tokens from the Foundation at a discount. The strategy involves two tracks: one to co-found a new treasury company with investors, and another to convert an existing public company into a crypto treasury. Both tracks are reportedly in advanced discussions with potential investors.
The first initiative is led by Hivemind Capital, targeting up to $500 million in funding through a listed company and with Anthony Scaramucci—crypto investor and former White House Press Secretary—serving as advisor. The second initiative is backed by Dragonfly Capital via a SPAC (Special Purpose Acquisition Company), also aiming to raise $500 million. By bridging traditional finance with crypto capital, Avalanche is creating a new financing paradigm for the Web3 era, while reinforcing AVAX’s market liquidity and long-term institutional support.

Pump.fun Creator Earnings Hit Record High as Project Ascend Drives New Growth Curve

Since the launch of its dynamic fee mechanism under “Project Ascend,” Pump.fun has seen a significant surge in creator earnings. In the past seven days, total creator revenue exceeded $15.5 million, marking a new all-time high for the platform. Notably, this is the first time creator earnings have surpassed the protocol’s own revenue, with a gap of $1.45 million—underscoring the rising engagement and profitability of creators on the platform.
Project Ascend redesigned the fee distribution structure, redirecting more value to creators and project teams during token launches. Amid ongoing meme coin hype and heightened on-chain activity, this model has incentivized continuous project creation and viral cycles of growth. The fact that creators are now earning more than the protocol itself also reflects Pump.fun’s shift toward a mutually beneficial model, setting a new standard for fairer value distribution among token launch platforms.

References

• 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/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• DefiLlama, https://defillama.com/chain/solana
• Financial Times, https://www.ft.com/content/87b5cb20-e86c-4849-8959-ee1f87ffb388
• Dune, https://dune.com/adam_tehc/pumpfun

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.