Crypto Market Overview

• BTC (-0.14% | Current Price: 111,764 USDT): After a period of decline, BTC has shown a slight rebound and has now broken above the 5-day moving average. If it breaks through the 111,883 resistance level, further upside potential may open. Investors should pay attention to news regarding a potential September rate cut to assess the medium-term trend. On August 28, BTC ETFs saw a net daily inflow of $178M, with BlackRock’s IBIT contributing $63.7M and ARKB (ARK Invest) adding $79.8M, signaling that institutional investors are steadily increasing their Bitcoin exposure and raising their allocation weight.
• ETH (-0.92% | Current Price: 4,498 USDT): ETH traded in a “rise first, then retreat” pattern within the past 24 hours. Starting around $4,450 in the morning, it quickly surged to a high near $4,510, but later pulled back. Overall, ETH found some support in the $4,450–4,470 range, though resistance near $4,600 remains notable. If ETH can hold above the key $4,500 level in the short term, it may retest the $4,580–4,600 zone. On August 28, ETH ETFs recorded a net daily inflow of $39.1M, with BlackRock’s ETHA seeing $67.6M of inflows, while Fidelity’s FETH registered $33.5M of outflows.
• Altcoins: Most major altcoins saw minor declines, with overall market sentiment ranging from neutral to buy. The Fear & Greed Index stood at 50 today, within the normal range, suggesting that market sentiment is gradually returning to a rational state.
• Macro: On August 28, the S&P 500 Index rose 0.32% to 6,501.86, the Dow Jones gained 0.16% to 45,636.90, and the Nasdaq advanced 0.53% to 21,705.16. As of 4:15 AM (UTC), August 29, spot gold is trading at $3,409/oz, down 0.23% over the past 24 hours.

Trending Tokens

PYTH – Pyth Network (+83.55%, Circulating Market Cap $1.194B)

According to Gate data, PYTH is currently priced at $0.21, up 83.55% in 24 hours. Pyth Network is an oracle that delivers financial market data to multiple blockchains, and PYTH is its governance token. Michael Cahill, CEO of Douro Labs (Pyth’s development company), previously worked on special projects at Jump Crypto.

The surge in PYTH was mainly driven by news of a collaboration between the U.S. Department of Commerce, Chainlink, and Pyth Network. This partnership brings official macroeconomic data on-chain for the first time, including GDP, PCE Price Index, and Real Final Sales. This enables DeFi platforms and blockchain apps to access verified government data in real time, supporting lending rate adjustments, collateral requirements, and new financial products such as inflation-linked assets. Multiple major chains, including Ethereum, Avalanche, Arbitrum, and Optimism, will distribute this data, improving transparency and verifiability. The market views this as a key step toward integrating traditional finance with DeFi, boosting demand and price for PYTH.

W – Wormhole (+36.74%, Circulating Market Cap $488M)

OMI trades at $0.00042, up 94.21% in 24H. ECOMI, a Singapore-based tech firm, operates on the ORBIS blockchain, providing secure and efficient digital transactions. Its VeVe platform lets Web3 users buy, collect, and trade licensed digital collectibles.

The price jump followed VeVe’s new feature: starting Nov 19, 2025, users can convert OMI into Gems (USD-pegged) via StackR to purchase collectibles like digital figures and comics. This added utility boosted OMI’s adoption and trading momentum.

TREE – Treehouse (+21.02%, Circulating Market Cap $58.42M)

According to Gate data, TREE is trading at $0.37, up 21.02% in 24 hours. Backed by top investors such as Wintermute, GSR, GFC, and Lightspeed, Treehouse offers two core modules:

• tAssets – aggregates fragmented on-chain rates to create yield premiums for Liquid Staking Tokens (LSTs).
• DOR – a decentralized consensus mechanism that builds a LIBOR-like crypto system, using base rates to assess forecasting accuracy and structure term rates for crypto assets.

TREE’s recent rally is supported by improved market sentiment and ecosystem development. Previously, TREE dropped sharply after its July airdrop due to investor selling, but interest has since rebounded. Additionally, Conflux Network announced a strategic partnership with AIOZ Network to integrate decentralized infrastructure services, including AI marketplaces, media streaming, object storage, and IPFS pinning, adding utility and long-term value to the TREE ecosystem.

Alpha Insights

Finastra partners with Circle to integrate USDC into $5T global payments network

London-based fintech firm Finastra announced a partnership with Circle to integrate USDC stablecoin into its core payment platform, Global PAYplus (GPP), which processes over $5 trillion in daily cross-border payments. This integration allows banks to settle cross-border transfers in USDC, reducing reliance on traditional correspondent banking networks known for high costs and slow settlement. USDC enables faster and cheaper clearing, significantly improving liquidity efficiency and cross-border payment experiences.

This move strengthens stablecoin adoption in traditional finance and shows growing institutional interest in blockchain settlement models. With PayPal, Stripe, and other payment giants investing in stablecoin infrastructure, Circle’s USDC (the second-largest stablecoin with a $69B supply) is gaining mainstream traction. Experts believe this partnership could accelerate financial institutions’ digital transformation and innovation.

Bitcoin mining costs continue rising, pushing miners toward diversification

Bitcoin mining faces unprecedented challenges. At the SALT conference, Cleanspark and Terawulf executives noted that electricity costs account for about half the cost of mining a single BTC, further squeezing profitability. With ETFs and AI infrastructure demand increasing, miners must diversify, for example via energy monetization strategies, to cope with market pressures beyond halving cycles.

Meanwhile, Bitcoin’s ecosystem is innovating in technology and finance. Lombard Finance launched LBTC (a liquid staking token for Bitcoin) for multi-chain DeFi use. Optimism partnered with Flashbots to enhance OP Stack transaction sequencing and throughput. Hemi Labs raised $15M to develop the Bitcoin programmable network and hVM, supporting lending and trading apps. These moves highlight how Bitcoin is evolving into a composable, productive asset ecosystem despite mining challenges.

Luxxfolio plans $73M fundraising, shifts to Litecoin reserve strategy

Canadian crypto infrastructure firm Luxxfolio is pivoting from BTC mining to a Litecoin-based reserve strategy, while expanding related infrastructure. On Thursday, the company filed a CAD 100M ($73M) shelf prospectus, enabling fundraising via stock, debt, or other securities over 25 months. CEO Tomek Antoniak described Litecoin as “hard money” and outlined plans to accumulate 1M LTC by 2026. Litecoin founder Charlie Lee joined the advisory board in June.

However, Luxxfolio faces serious financial stress. Q2 saw zero revenue and a net loss of $197K (vs. $8K last year), with only $112K in cash left. Since 2017, cumulative losses have reached nearly $19M. The firm recently relied on a $844K private placement to stay afloat. Analysts warn that while institutional interest in crypto reserves is growing, Luxxfolio’s liquidity shortage and mounting losses make the strategy risky if LTC is merely hoarded without productive use.

Gate Launchpool

New Token Sale Details

• Subscription Project: SecondLive
• Token Name: LIVE
• Subscription Period: September 4, 2025, 10:00 (UTC)
• Participation Method: Stake USDT or LIVE to claim for free
• Total Airdrop Supply: 200,000 LIVE

Project Introduction

SecondLive pioneered the first AI-powered, self-evolving digital universe, integrating AI agents, AIGC tools, and blockchain technology to empower users, brands, and developers in creating immersive spaces and virtual avatars. With tools such as Gobetti and Calzone, combined with a dual-token economic system, the platform has attracted 4.7M users and strong backing from top investment institutions. Bridging Web2 creativity and Web3 intelligence, SecondLive continues expanding into entertainment, education, and simulation fields.


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
• Gate, https://www.gate.com/price/camp-network-camp
• Gate, https://www.gate.com/trade/VVS_USDT
• Gate, https://www.gate.com/trade/LPT_USDT
• Coindesk, https://www.coindesk.com/business/2025/08/27/finastra-taps-circle-to-bring-usdc-settlement-to-usd5t-global-cross-border-payments
• Coindesk, https://www.coindesk.com/tech/2025/08/27/the-protocol-bitcoin-mining-faces-new-challenges-as-power-costs-eat-profit
• Decrypt, https://decrypt.co/337295/luxxfolio-files-73m-litecoin-treasury-plans
• Gate, https://www.gate.com/launchpool/LIVE?pid=364

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

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.