Gate Research: Crypto Market Recovers, Stablecoin Market Cap Continues to Rise, Base Network TVL Soars to New High

Gate Research Weekly Review and Outlook: BTC showed an upward trend this week, reaching a high of $64,812 before pulling back. The resistance level to watch is $64,800. This week, Bitcoin ETFs saw a net inflow of $352 million, while Ethereum ETFs experienced a net outflow of $69.76 million. The total market cap of stablecoins increased by 0.65%, indicating further inflow of off-market incremental funds. Hamster Kombat released its roadmap, planning to launch a dedicated advertising network with revenue used for token buybacks. PayPal announced that U.S. business customers will be able to buy, hold, and sell cryptocurrencies. The Base network's Total Value Locked (TVL) surpassed $1.9 billion, reaching a new all-time high. Truflation suffered a hacker attack, resulting in a loss of approximately $5 million.

**Market Analysis: **BTC encountered resistance at $64,812 and subsequently entered a high-level consolidation phase. It is crucial to monitor whether the resistance level or the upward trendline will be breached. Additionally, the total market capitalization of stablecoins increased by 0.65%, indicating a further inflow of incremental off-market funds.**Weekly Spotlights: **Hamster Kombat unveiled its roadmap, planning to launch a dedicated advertising network with revenue used for token buybacks. PayPal announced that U.S. business customers will be able to buy, hold, and sell cryptocurrencies.Data Highlights: Ethereum network gas fees showed a significant upward trend from September 18 to 24, followed by a decline after Sep 25. Over the past week, funding rates for both BTC and ETH remained positive, reflecting bullish sentiment and long-position dominance in the market.Market Opportunities: This week's notable airdrop project is BOB. BOB aims to combine Bitcoin's security with Ethereum's smart contract flexibility, supporting Bitcoin ecosystem components including Ordinals, Lightning, and Nostr to enhance Bitcoin's utility and expand its functionality.**What to Watch Next Week: **CME (Chicago Mercantile Exchange) plans to launch Bitcoin Friday Futures (BFF) on September 30, with each contract representing 1/50 of a bitcoin. On October 1, the Federal Reserve Chair will address the National Association for Business Economics, covering key areas such as economic growth, inflation, and the job market.

Deep Dive into This Week's Review 👉🏻 Gate Research: Gate Research: Crypto Market Recovers, Stablecoin Market Cap Continues to Rise, Base Network TVL Soars to New High

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