Macro Trends

Federal Reserve rate cuts are deepening the institutional bull market: This article examines the distinctions and potential of Bitcoin, Ethereum, and Solana within institutional portfolios. It highlights that BTC and ETH command substantial institutional holdings. SOL, despite its rapid growth, still has room to improve in institutional recognition and portfolio allocation.

Gate Research Daily Report: On September 22, BTC faced resistance near $117,900 and continued to decline, currently trading around $114,300 with a brief dip to $114,250; ETH remained under pressure above $4,460 and continued downward, breaking below $4,300 to reach a short-term low of $4,289; GT entered a sustained correction phase, dropping to around $16.55, reflecting bearish market sentiment. Meanwhile, AVNT (+31.11%), ME (+24.85%), and RON (+1.98%) bucked the trend with strong gains, highlighting that small-cap tokens in hot sectors tend to attract capital during market turbulence. StandX TVL surpassed $60 million, setting a new all-time high; 0G Labs mainnet Aristotle officially launched; Story ecosystem IPRWA project Aria introduced the institutional-grade on-chain IP investment platform, Aria PRIME.

Gate Research Daily Report: On September 22, BTC faced resistance near $117,900 and continued to decline, currently trading around $114,300 with a brief dip to $114,250; ETH has been under pressure above $4,460 and continued downward, breaking below $4,300 to reach a short-term low of $4,289. StandX TVL exceeded $60 million, setting a new all-time high; 0G Labs mainnet Aristotle officially launched; Story ecosystem IPRWA project Aria introduced the institutional-grade on-chain IP investment platform, Aria PRIME.

In August, the crypto market showed strong performance, driven by continued ETF inflows and rising on-chain activity. ETH emerged as the best-performing major token of the month, with a gain of over 18%. In contrast, Bitcoin followed a “rise-then-fall” pattern—briefly surpassing $124,500 mid-month before retreating due to growing macroeconomic uncertainty. Among public blockchains, Solana led with over 29 billion monthly transactions, while Ethereum recorded 51.77 million on-chain transactions, marking a new four-year high for the second consecutive month.

After nine months, the Federal Reserve has reduced interest rates by 25 basis points, with the Fed signaling a renewed focus on risk management. As the employment market weakens and inflationary pressures persist, the market anticipates the possibility of two additional rate cuts by year-end. This rate cut significantly affects capital flows in U.S. stocks, Bitcoin, and altcoins. It may mark a key turning point for the next bull market.

Gate Research Daily Report: On September 19, the crypto market saw BTC and ETH trading in a tight range with cautious optimism and a neutral Fear & Greed Index. MetaMask token launch expectations accelerate, Plasma blockchain plans TGE on September 25, and NBA star Tristan Thompson introduces a player tokenization platform. Tokens like RUNWAGO, DUCK, and APX show strong short-term activity, with macro and project updates analyzed in detail.

Gate Research Weekly Report: This week, the crypto market remained in a moderately bullish consolidation, with both BTC and ETH posting modest gains. DeFi Development added another 60,000 SOL to its holdings, bringing its total to over 2 million SOL. Benefiting from multiple treasury initiatives, Solana has risen more than 10% over the past 7 days. The Altcoin Season Index climbed to 73, indicating a significant uptick in altcoin market momentum. Meanwhile, Forward Industries completed a $1.65 billion funding round to establish a SOL-centric treasury reserve strategy.

Gate Research Daily Report: On Sept 17, BTC hit $116,956 before consolidating at $111,277 with bullish bias; ETH traded at $4,326 in a weak range; altcoins rose slightly with Fear & Greed at 54. Hot tokens led by GAI surging 119.35%, UNA up 43.40%, and F up 32.15% on strong inflows. On the macro side, US stocks slipped, gold settled at $3,682/oz. Industry highlights: Nothing raised $200M at $1.3B valuation, Sui joins Google Agentic Payments Protocol, and Movement upgraded to a standalone Layer1 with Move 2.0.

Gate Research Daily Report: On September 16, BTC retreated after a brief surge and is now fluctuating around $115,000; ETH showed relative weakness today, quickly pulling back after testing $4,660. Token U jumped about 40.10% in the past 24 hours; Shibarium suffered a hacker attack, causing a sharp drop across the memecoin sector; PayPal will enable peer-to-peer crypto payments, allowing direct transfers of BTC, ETH, and more; Gate has listed Boundless (ZKC) spot trading and launched its Launchpool.

Gate Research Daily Report: On September 15, BTC traded mostly within the range of $115,000 to $116,600; ETH formed a local high around $4,766 before facing resistance and retracing to approximately $4,620. Pump.fun’s market share on Solana’s token issuance platforms rose to 90.4%; Gate GUSD’s on-chain supply exceeded 100 million, with three major mining pools running simultaneously; and Polkadot DAO passed a proposal to set the total DOT supply cap at 2.1 billion.

Gate Research Daily Report: On September 12, the crypto market saw a mild rebound, with BTC and ETH continuing their upward consolidation. On-chain highlights included Solana’s TVL surpassing $12.4 billion to reach a new all-time high, reinforcing its position as a leading high-performance blockchain. Avalanche launched a $1 billion crypto treasury initiative, aimed at boosting AVAX’s liquidity and capital support. Meanwhile, creator earnings on Pump.fun exceeded protocol revenue for the first time, with Project Ascend driving a new growth curve for the platform. Among trending tokens, PTB surged 43.71% on token launch momentum and BTCFi narrative; NMR rose 17.65% amid renewed interest in the AI + DeFi theme; and PI gained 3.14% as protocol upgrades embedding KYC mechanisms fueled mainnet anticipation.

Gate Research Daily Report: On September 12, the crypto market saw a mild rebound, with BTC and ETH continuing their upward consolidation. On-chain highlights included Solana’s TVL surpassing $12.4 billion to reach a new all-time high, reinforcing its position as a leading high-performance blockchain. Avalanche launched a $1 billion crypto treasury initiative, aimed at boosting AVAX’s liquidity and capital support. Meanwhile, creator earnings on Pump.fun exceeded protocol revenue for the first time, with Project Ascend driving a new growth curve for the platform. Among trending tokens, PTB surged 43.71% on token launch momentum and BTCFi narrative; NMR rose 17.65% amid renewed interest in the AI + DeFi theme; and PI gained 3.14% as protocol upgrades embedding KYC mechanisms fueled mainnet anticipation.

On September 11, the crypto market recorded significant gains. BTC maintained a stable position at $114,000. ETH returned to the key $4,400 level. Linea concluded its TGE, launched the airdrop claiming process, and fostered ecosystem growth. The OpenSea Foundation plans to announce its SEA TGE, which has driven sustained capital interest and increased focus on emerging segments and new narratives.

This week, BTC rose by 2.43% and ETH by 1.72%, while major altcoins continued their overall upward trend. Gate launched a yield-bearing feature supporting mainstream assets. Pendle’s TVL surged over 10% in the past 7 days, reaching a new high. The OpenSea Foundation plans to announce the SEA token TGE in early October. The Altcoin Season Index climbed rapidly, indicating clear signs of capital rotation.

In August 2025, Solana continued to lead in high-frequency on-chain interactions, while Ethereum recorded over $2 billion in net inflows, with both price and institutional allocation reaching new all-time highs—reinforcing its dominance in high-value scenarios. Polygon and other sidechains experienced significant capital outflows, accelerating the structural divergence of on-chain capital. After surpassing $124,000, Bitcoin saw a slowdown in inflows, but mild selling pressure and strong cost basis support suggest the current pullback is more of a short-term correction. Aave launched the Horizon platform to enter the RWA lending space, further strengthening its role in bridging DeFi and traditional finance. BIO rapidly attracted capital following its V2 upgrade and staking expansion, positioning itself as a leading force in the DeSci sector.