Gate Research: Babylon Launches Staking Mainnet Boosting Bitcoin Fees; Market Stably Absorbs Mt.Gox Liquidation

Gate Research Daily Report: On August 23, BTC and ETH rebounded on the daily charts but remained constrained by weekly resistance. Bitcoin ETFs saw a net inflow of $64.91 million, while Ethereum ETFs had a net outflow of $874,600. The market sentiment index was at 39, reflecting ongoing fear. The impact of Mt. Gox's large-scale repayments on the market is gradually weakening. Among trending tokens, KONET surged by 149.2%, ALPACA by 97.92%, and CREAM by 58.74%, likely due to protocol upgrades and changing market conditions.

Market Analysis: BTC and ETH have rebounded on the daily charts but continue to face resistance on the weekly timeframe.**Top Performers:**The most popular tokens in the past 24 hours are KONET, ALPACA, and CREAM.**Data Highlights:**The Cryptocurrency Fear & Greed Index stands at 39 today, indicating that market sentiment remains in the fear zone.**Spotlight Analysis: **Mt. Gox continues large-scale repayments, with the market smoothly absorbing potential volatility.Market Opportunities: Seven projects secured funding, with the highest amount being $8 million, totaling $24.7 million.

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