- Market Overview: On July 9, the crypto market remained in a consolidation phase. BTC showed a neutral technical structure with short-term momentum fading, while ETH outperformed slightly but lacked strong volume support. BTC ETFs recorded a net inflow of $75.3 million for the day, with BlackRock’s IBIT accounting for $66.8 million, indicating a slowdown in inflows. ETH ETFs saw a net inflow of $29.5 million, reflecting continued institutional interest in major assets. Altcoins experienced a weak rebound, and overall sentiment showed mild improvement. The Fear & Greed Index stood at 66, suggesting that the market may remain in a phase of structural rotation in the short term.
- Trending Tokens: FLOKI rose 9.34%, driven by the mainnet launch of its metaverse game Valhalla; RAY gained 6.91%, benefiting from xStocks’ zero-fee policy and trading momentum; MORPHO climbed 7.36% as its “Multiply” feature expanded to multiple chains, with TVL on Base up over 245% year-to-date, attracting increased market attention.
- Alpha Insights: USDT0 issuance on Unichain surpassed 200 million, ranking third in cross-chain volume and strengthening its position within the LayerZero ecosystem; Truth Social submitted a crypto blue-chip ETF application to the SEC, covering major assets like BTC, ETH, SOL, and XRP, offering broader allocation options; Ethereum enabled history pruning, reducing node storage by 300–500 GB, marking a key step toward implementing EIP-4444.
Discover more details today → Gate Research: Truth Social Files for Blue-Chip Crypto ETF | USDT0 On-Chain Issuance Tops 200 Million
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Gate Team
July 9th, 2025
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