Announcements Gate Research : POS Public Chain Staking Market Value Surpasses $500 Billion; Banana Gun to Compensate for the recent Hack with $3 Million

Gate Research : POS Public Chain Staking Market Value Surpasses $500 Billion; Banana Gun to Compensate for the recent Hack with $3 Million

2024-09-25 15:30:22 UTC 9611 Read

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**Gate Research Daily Report: **On September 25, BTC price rose 2.24% in 24 hours to about $64,361, reaching a resistance level of $64,500. Total net inflow for Bitcoin spot ETFs was $136 million, while Ethereum spot ETFs saw $62.51 million in inflows. For each 50 basis points drop in interest rates, Tether and Circle could lose $488 million and $144 million in annual revenue, respectively. The SEC has settled with TrueCoin LLC and TrustToken Inc. regarding the stablecoin TrueUSD. Additionally, Banana Gun will fully compensate 11 users who lost $3 million in a recent security incident, and Wintermute has proposed the issuance of 250 million ARB tokens.

**Market Analysis: ** The price of BTC increased by 2.24% in the last 24 hours, reaching approximately $64,361 and hitting the resistance level of $64,500.
**Top Performers:**The most popular tokens in the past 24 hours are KARRAT, AITECH, and ICE.
**Data Highlights:** Wintermute has submitted a proposal issuing 250 million ARB tokens.
**Spotlight Analysis: ** The SEC has reached a settlement with TrueCoin LLC and TrustToken Inc. regarding the stablecoin TrueUSD allegations.
**Market Opportunities: **Two projects have secured funding, with the highest being the Daylight project, which raised $6 million, contributing to a total of $10 million in funding.

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September 25th, 2024

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Gate Research : POS Public Chain Staking Market Value Surpasses $500 Billion; Banana Gun to Compensate for the recent Hack with $3 Million

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