Announcements Gate Research: BTC Experiences Narrow Fluctuations, Polymarket Hits Record Betting Volume, NFTs on Opensea Accused of Being Unregistered Securities

Gate Research: BTC Experiences Narrow Fluctuations, Polymarket Hits Record Betting Volume, NFTs on Opensea Accused of Being Unregistered Securities

2024-08-30 10:30:04 UTC 11804 Read

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**Gate Research Daily Report: **August 29, Bitcoin experienced a slight uptick, hovering around $59,000, while Ethereum, after a brief dip, bounced back to above $2,500. Both Bitcoin and Ethereum ETFs saw net outflows. OpenSea received a Wells Notice from the SEC, indicating potential legal action. The prediction platform Polymarket reached a new monthly trading volume record, surpassing $450 million. WazirX filed for a moratorium in a Singapore court, seeking debt restructuring. Several crypto projects secured funding across various sectors, including computing power, payments, and gaming. Additionally, Every Finance and Mantle Network are offering opportunities to earn token rewards.

**Market Analysis: **Recently, Bitcoin's price has slightly increased to around $59,000, while Ethereum has slightly declined to $2,500.
**Top Performers: ** The top trending tokens in the past 24 hours are CLOUD, CHESS, and OAS.
**Data Highlights:** Bitcoin ETFs saw a net outflow of $71.73 million yesterday, while Ethereum ETFs had a total net outflow of $1.77 million.
**Spotlight Analysis: ** Prediction platform Polymarket's monthly trading volume exceeded $450 million, setting a new record.
**Market Opportunities: **Nine projects publicly announced funding rounds, covering sectors like computing power, payments, and gaming, with a total of $103.3 million raised.

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August 30th, 2024

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