Announcements Gate Research: FTX $16B Claims Vote Imminent, Pump.fun Drives New Traffic, SUI Ecosystem Shines

Gate Research: FTX $16B Claims Vote Imminent, Pump.fun Drives New Traffic, SUI Ecosystem Shines

2024-08-15 14:26:20 UTC 5687 Read

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Gate Research Weekly Market Review and Outlook reports. This week, BTC and ETH have entered a consolidation phase, with a predominantly bearish sentiment reflected in the overall contract market. Most tokens on the Pump.fun platform have failed to maintain high market value. The FTX claims voting process is nearing its end, with a massive payout plan awaiting approval. Projects like Sahara have announced significant funding rounds. In the technical realm, Uniswap's revenue growth, FTX incident updates, the WazirX security incident, and the upcoming Monad testnet have garnered attention. The XION project's airdrop plan has sparked community interest. Token unlocks and macroeconomic data releases scheduled for next week are expected to influence market trends.

Firstly, in **Market Analysis**, BTC has been fluctuating between $58,000 and $62,000, while ETH has largely followed a similar trend, peaking at $2,730 before retracing. However, ETH spot ETFs have seen positive inflows.

Next, in **Hot Topic Review**, Pump.fun has launched approximately 1.7 million tokens, but only 15 have managed to maintain a market capitalization above $10 million for several weeks; The voting period for FTX customer claims is about to end, with a $16 billion payout plan up for a vote.

Moving to **Data Highlights**, BTC ETFs experienced a net outflow of over $80 million on August 14th, primarily due to a $56 million outflow from Grayscale's GBTC. In contrast, ETH ETFs saw a net inflow of $10.77 million, driven by strong purchases from BlackRock's ETHA.

As for **Market Opportunities**, the airdrop project to watch this week is XION. XION is a Layer 1 blockchain platform that focuses on using chain abstraction technology to build consumer-oriented Web3 products, enabling developers to create, launch, and scale consumer applications from the ground up.

Lastly, in **What to Watch Next Week**, on August 16, the Arbitrum community vote on enabling ARB staking and aligning governance will conclude. The aim is to enhance the governance mechanism and improve security by implementing ARB token staking. On August 21, Scroll will launch the Darwin proof recursive upgrade, which will bundle multiple proofs into a single validity proof to reduce verification costs.

Deep Dive into This Week's Review 👉🏻**[Gate Research: FTX $16B Claims Vote Imminent, Pump.fun Drives New Traffic, SUI Ecosystem Shines](https://www.gate.io/learn/articles/gate-research-ftx-16b-claims-vote-imminent-pump-fun-drives-new-traffic-sui-e-co-sys-tem-shines/3817?ch=GSW_ann_20240816&utm_campaign=TR_3pxDzcpe&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)**

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Gate.io Team
August 16th, 2024

Gate Research: FTX $16B Claims Vote Imminent, Pump.fun Drives New Traffic, SUI Ecosystem Shines

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