Crypto Market Overview

• BTC (-1.01% | Current Price: 114,361 USDT): Recently, BTC faced resistance near $117,900 and has continued to decline. The moving average system (MA5, MA10, MA30) shows a bearish alignment, indicating short-term weakness. The current price has dropped to around $114,300 and briefly tested a low of $114,250. Trading volume has increased during the decline, suggesting dominant selling pressure. On September 19, BTC ETFs recorded a net inflow of $222 million, with BlackRock’s IBIT contributing $246 million.
• ETH (-3.93% | Current Price: 4,290 USDT): ETH has been under pressure above $4,460 and continues to move downward, breaking below the $4,300 level to reach a new short-term low of $4,289. Support levels to watch are $4,250–$4,200, with potential for further decline toward $4,100 if these levels fail. On September 19, ETH ETFs recorded a net inflow of $47.8 million, with BlackRock’s ETHA inflow at $144 million and Fidelity’s FETH outflow at $53.4 million.
• Altcoins: Most major altcoins experienced slight declines, reflecting a generally “neutral” market sentiment. The Fear & Greed Index stands at 45, indicating a relatively fearful market.
• Macro: On September 19, the S&P 500 rose 0.49% to 6,664.36, the Dow Jones increased 0.37% to 46,315.27, and the Nasdaq gained 0.72% to 22,631.48. As of September 22, 3:00 AM (UTC), spot gold is priced at $3,686 per ounce, up 0.04% over the past 24 hours.

Trending Tokens

AVNT – Avantis (+31.11%, Market Cap: 472M USD)

According to Gate data, AVNT is currently priced at 2.24 USD, up 31.11% in the past 24 hours. Avantis is the largest derivatives exchange on the Base platform and the largest decentralized exchange (DEX) for trading and market-making real-world assets (RWAs).

The rising popularity of on-chain derivatives DEXs has boosted valuations for related projects, with AVNT standing out. The ongoing Tokensplash campaign, nearing its conclusion, features a prize pool of approximately 9M USDT, providing strong capital incentives. Meanwhile, Avantis announced its participation with Definitive and Aerodrome at Korea Blockchain Week and the launch of the Base Alpha program, further increasing market attention. Additionally, the platform teased an upcoming Onchain Alpha giveaway, including a series of highly attractive rewards—factors that collectively drove AVNT’s strong performance.

ME – Magic Eden (+24.85%, Market Cap: 143M USD)

According to Gate data, ME at 0.84 USD, up 24.85% in 24 hours. Magic Eden (ME) is a multi-chain NFT marketplace originally launched on Solana, now supporting Ethereum, Polygon, Bitcoin, and other blockchains. It enables users to mint and trade NFTs and offers innovative features such as Launchpad, popular collections ranking, attribute filters, and auctions.

ME’s rise is driven by the strong cross-chain NFT and token trading ecosystem, coupled with increased NFT minting and trading demand during the meme coin boom. Cross-chain expansion to eight blockchains has broadened the user base and trading volume, while institutional interest in NFTs and GameFi also supports growth. Technically, ME may face a short-term pullback after breaking the 0.87 USD resistance, with 0.80 USD as the key support. Fundamentally, Magic Eden has over 3.5 million wallets, 70 million transactions, and 6B USD in total trading volume, providing solid backing for ME.

RON – Ronin Network (+1.98%, Market Cap: 350M USD)

According to Gate data, RON is currently priced at 0.03 USD, up 1.98% in 24 hours. Ronin Network underpins the decentralized real-time messaging protocol Towns, built on an EVM-compatible L2 with smart contract support on Base. The protocol leverages on-chain memberships, encrypted messaging, and programmable reputation to facilitate ownership and monetizable “spaces.”

RON recently experienced volatility following news that the Ronin treasury will launch a buyback on September 29, converting 895 ETH and 650,000 USDC (totaling over 4.5M USD) into RON. At current prices, this buyback represents approximately 1.3% of circulating supply. The announcement briefly lifted RON by over 15% before a partial retracement. Market consensus views the buyback as strengthening RON’s value support, a key factor driving the price increase.

Alpha Insights

StandX TVL Surpasses $60 Million, Reaches All-Time High

The StandX protocol’s total value locked (TVL) has exceeded $60 million, setting a new record. Over the past three days, the protocol’s TVL has doubled rapidly. The current pre-deposit campaign is nearing its end, allowing users to deposit USDT or USDC into DUSD and earn real yields from staking rewards and futures financing fees.

The rapid rise in StandX’s TVL reflects strong user confidence in its yield mechanisms and capital efficiency. Short-term staking campaigns have attracted significant liquidity, demonstrating growing market interest in strategies that combine stablecoin staking with futures financing. As the pre-deposit campaign concludes, short-term inflows are expected to remain high, but sustained TVL growth will depend on long-term user retention and the protocol’s competitive yield offering.

0G Labs Mainnet “Aristotle” Officially Launched

AI blockchain platform 0G Labs has officially launched its Aristotle mainnet. According to the team, the mainnet supports up to 11,000 TPS and is backed by leading RPC infrastructure providers, including QuickNode, ThirdWeb, and Ankr, laying a strong technical foundation for ecosystem development.

The launch marks a new stage in 0G Labs’ AI-blockchain integration strategy. High TPS and first-tier infrastructure support provide the necessary conditions for deploying AI applications on-chain. However, market focus will shift to whether 0G Labs can deliver on real-world application deployment and developer ecosystem growth. Without adoption, even impressive performance may struggle to attract sustained users and capital.

Story IPRWA Project Aria Launches Institutional On-Chain IP Investment Platform Aria PRIME

Story ecosystem IPRWA project Aria has launched Aria PRIME, an institutional-grade on-chain IP investment platform. In partnership with Contents Technologies, the first project involves registering and tokenizing a $100 million Korean music copyright library on the Story blockchain. Aria PRIME aims to turn high-value IP into liquid, composable financial assets through fund structuring, legal compliance, and risk management—offering transparent management for copyright holders and opening a new channel for institutional investors to access cultural assets. Future plans include extending tokenization to film, art, and other iconic IPs, aiming to create the world’s largest institutional-grade IP tokenization platform.

The launch of Aria PRIME opens a new chapter for “cultural asset financialization,” combining traditional music copyrights with blockchain tokenization. It provides institutions with a novel asset class, potentially increasing liquidity and transparency in cultural IP markets. Short-term gains for $IP reflect strong market enthusiasm, but long-term success depends on execution in regulatory compliance, copyright verification, and institutional adoption.


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
• CoinGecko, https://www.coingecko.com/categories
• DeFiLlama, https://defillama.com/stablecoin/standx-dusd
• X, https://x.com/0G_labs/status/1969927567173120082
• X, https://x.com/0G_labs/status/1969927567173120082

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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.