Announcements Gate Research: BTC Faces Resistance in Upward Breakthrough, Solana Ecosystem Projects See a Surge in Funding

Gate Research: BTC Faces Resistance in Upward Breakthrough, Solana Ecosystem Projects See a Surge in Funding

2024-10-08 14:41:17 UTC 12942 Read

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Gate Research Daily Report: October 8, BTC faced resistance and experienced a pullback, with trading volume weakening. Despite the short-term correction, the overall trend has not significantly reversed. The U.S. Bitcoin spot ETF saw a net inflow of $235 million, while the Ethereum ETF had no net inflow. In Q3, 29 projects within the Solana ecosystem raised $173 million, the highest level since Q2 2022. Premier League clubs have secured nearly £130 million in sponsorship deals with crypto companies in 2024, marking a 30% year-on-year growth. HBO has released a documentary titled *Money Electric: The Bitcoin Mystery*, investigating the identity of Bitcoin’s creator. An official from the European Central Bank has proposed the creation of a unified digital asset ledger to promote financial integration and improve efficiency. The Arbitrum Foundation recently announced the launch of the "Road to Devcon" initiative, focusing on increasing investment and attention in the Asian market.

**Market Analysis**: After hitting resistance, BTC experienced a pullback, and trading volume has weakened. Despite the short-term correction, the overall trend has not shown significant reversal.
**Top Performers**: The most popular tokens in the past 24 hours were SANTOS, MAGA, and WOJAK.
**Data Highlights**: 29 projects within the Solana ecosystem raised $173 million in funding in Q3, the highest level since Q2 of 2022.
**Spotlight Analysis**: HBO released the documentary *"Money Electric: The Bitcoin Mystery"*, exploring the identity of Bitcoin's founder.
**Market Opportunities**: APRO announced the completion of a $3 million seed round on October 7, with the funds aimed at accelerating APRO's expansion.

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October 9th, 2024

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