Announcements Gate Research: Memecoin Sector Plunges | PayPal to Enable Crypto Transfers

Gate Research: Memecoin Sector Plunges | PayPal to Enable Crypto Transfers

2025-09-16 07:52:05 UTC 17903 Read

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* Market Commentary: On September 16, BTC pulled back after a brief surge and is now consolidating around $115,000; ETH showed relative weakness today, quickly retreating after testing $4,660.
* Popular Tokens: U surged over 40% following the positive catalyst of its mainnet launch. MERL performed strongly, benefiting from massive whale accumulation and ecosystem growth. UB saw a sharp increase in trading volume, supported by strong buying momentum and growing market enthusiasm for AI tokens, sending its price sharply higher.
* Alpha Insights: Shibarium suffered a hacker attack, sending the memecoin sector sharply lower; PayPal will enable peer-to-peer crypto payments, allowing direct transfers of BTC, ETH, and more; the Ethereum Foundation launched the Fusaka audit competition, with total rewards exceeding $120,000.
* Gate Launchpool: Gate has opened subscriptions for Boundless (ZKC). Users can stake ETH before 14:00 (UTC) on September 18, 2025, to receive a free airdrop of 133,334 ZKC. Boundless is a universal ZK protocol designed to bring internet-scale scalability to blockchains. It introduces a new incentive mechanism for verifiable proof-of-work, rewarding prover nodes with its native token $ZKC to generate proofs for various L1s, rollups, cross-chain bridges, and applications across ecosystems.

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