Gate Research Institute: Market fluctuates weakly | SVL daily rise 61.17% leads the way | BARD and HEMI strongly pump

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###Encryption Asset Overview

####BTC (+0.06% | Current Price 112,462 USDT)

After the BTC price fell from a high of 116,113 dollars, it dipped to a low of 111,470 dollars and has currently slightly rebounded to 112,462 dollars. The short-term moving averages (MA5, MA10) are turning upwards from a low position but still remain below MA30, indicating limited rebound momentum and an overall weak trend. The trading volume significantly increased during the decline, while the rebound volume has not kept pace, indicating that buying confidence is still insufficient. If it can break through and stabilize in the range of 112,800 to 113,000 dollars, there is hope for further recovery above 114,500 dollars; however, if the price falls below 111,800 dollars again, it may accelerate to test the support at 111,000 dollars. Overall, BTC is currently in a weak rebound phase, and attention should still be paid to changes in volume and key support defenses.

####ETH (+0.27% | Current Price 4,192 USDT)

The price of ETH fell sharply after oscillating above $4500, reaching a low of $4067, and then consolidated at a low level, currently rising to around $4192. Although the short-term moving averages (MA5, MA10) have stabilized somewhat, they still exert pressure on the price, with a clear downtrend in MA30 indicating that medium- to short-term pressure remains. Trading volume expanded during the decline, while the rebound saw relatively insufficient volume, suggesting that market sentiment remains cautious. If it can break through and hold the $4200 level, it may be expected to recover to above $4300; conversely, if it falls back below $4100, it could continue to oscillate weakly or even test lower levels again. The overall pattern remains weak, with short-term rebounds primarily of a testing nature.

####GT (-0.77% | Current Price 16.27 USDT)

The GT price found support around $16.16 after a consecutive decline and rebounded to $16.27 on increased volume. The short-term moving averages (MA5, MA10) are showing signs of convergence at lower levels, with the price operating near MA30, indicating that it remains in a consolidation pattern in the short term. The trading volume has significantly increased during the rebound, suggesting fierce battles between bulls and bears at the key support level. If the price can effectively stabilize above $16.3, it is expected to further test the resistance range of $16.6 to $17. However, if the rebound lacks strength and the volume does not follow up well, another dip to the $16 level cannot be ruled out. Overall, it is currently in a weak rebound phase, and it is advisable to remain cautious in operations, managing positions and rhythm carefully.

###Daily Price Fluctuation Tokens

The overall market performance is relatively stable, with BTC slightly up by 0.04% and ETH rising by 0.25%, while funding sentiment remains cautious. XRP and ADA saw slight increases of 0.13% and a decrease of 0.57%, respectively, with limited volatility. In contrast, SOL fell by 1.04% and TRX also dropped by 0.95%, indicating that some funds have chosen to withdraw from high-position varieties. The overall trend is mainly characterized by sideways fluctuations, with market enthusiasm appearing somewhat cautious.

####SVL Slash Vision Labs (+61.17%, circulating market cap 168 million USD)

According to Gate market data, the current price of the SVL token is $0.03831, with an increase of about 61.17% within 24 hours. The Slash Vision Labs token (SVL) is issued on the Mantle Network and follows the ERC20 standard. The SVL token is the core of the Slash project and a key component driving the project's ecosystem. SVL includes various functions, including the issuance of SVL TimeLock NFT, which is an important part of the project's governance structure. Additionally, the operational ecosystem of SVL uses the profits generated from the total merchandise transaction volume (GMV) of Slash Payment and Slash Card to purchase the native token (MNT) of the Mantle Network from the market, which is then distributed to SVL TimeLock NFT holders. This profit-sharing model highlights the decentralized nature of the organization and promotes growth and sustainability.

SLASH VISION officially launched the closed beta pre-registration of the "Slash Card," attracting widespread attention in the market. As Japan's first BNPL service backed by USDC, the product uses stablecoins as collateral and combines non-custodial wallets, achieving a seamless connection between online and offline shopping, highlighting its innovation and real-world application value. At the same time, the project emphasizes compliance and security, particularly in strengthening international anti-money laundering (AML) measures, further enhancing market trust. This new narrative injects new imagination into the integration of crypto assets and the real economy. According to Gate.io market data, the SVL token is currently priced at $0.03831, having surged 61.17% within 24 hours, accompanied by rapid capital inflow and strong bullish sentiment, significantly heating up market activity.

####BARD Lombard (+47.33%, circulating market cap 318 million USD)

According to Gate's market data, the current price of the BARD token is $1.41, having risen about 47.33% in the last 24 hours. Lombard is building a full-stack infrastructure to facilitate the on-chain development of Bitcoin capital markets, unlocking the full potential of the most important asset of our generation. Lombard will bring the impact that Tether/Circle has for stablecoins to Bitcoin. Lombard has established market leadership with the leading yield-bearing asset $LBTC, which is fully backed by BTC and can be composited in the DeFi space. It integrates with protocols on 12 blockchains, including Aave, Spark, Pendle, and Etherfi, while also earning yields. It is backed by a decentralized alliance of 14 digital asset institutions and is currently the largest Bitcoin LST, holding 57% of the market share. $LBTC is also the fourth largest BTC derivative, following interest-free tokens $WBTC, $CBBTC, and $BTCB.

The BARD token completed its TGE on September 18, quickly becoming the focus of the market. Its narrative is not limited to governance; it is also a key pillar of the LBTC security system, relying on Symbiotic's universal staking layer and Chainlink CCIP to provide real-time security for cross-chain Bitcoin transfers. At the same time, the Lombard protocol creates a scalable revenue model through minting and redemption fees, treasury fees, and transaction fees on Ledger and SDK, which, with the accelerating growth of Bitcoin-related demand, is expected to become an enterprise-grade middleware and infrastructure layer. This multi-dimensional value support significantly boosts market confidence. According to Gate.io market data, the BARD token is currently priced at $1.41, having surged 47.33% in the last 24 hours, with active trading and strong bullish sentiment being concentrated.

####HEMI Hemi (+53.20%, Circulating Market Cap 149 million USD)

According to Gate's market data, the current price of the HEMI token is $0.1532, with a 53.20% increase in the last 24 hours. Hemi is a modular blockchain designed to achieve exceptional scalability, security, and interoperability, supported by Bitcoin and Ethereum, with outstanding scalability, security, and interoperability. Other projects view Bitcoin and Ethereum as isolated ecosystems, while Hemi considers them as components of a single super network, unlocking higher levels of programmability, portability, and potential. At the core of Hemi is the Hemi Virtual Machine (hVM), which integrates a full Bitcoin node within the Ethereum Virtual Machine, combined with the Hemi Bitcoin Kit (hBK), providing developers with a familiar and powerful platform to create Hemi decentralized applications (hApps).

Hemi has recently surged to the top of the CoinMarketCap trending list, rapidly attracting significant market attention with its "unwrapped, cross-chain-free" native Bitcoin DeFi narrative. The project has not only achieved over $1.2 billion in TVL, covering 90+ protocols and gathering over 100,000 users, but also possesses unique credibility due to its founder being an OG Bitcoin core developer. Hemi leverages Bitcoin's inherent security to achieve ultimate confirmation and offers trust-minimized re-staking rewards for native BTC, truly unlocking over $20 trillion in potential capital value. According to Gate.io market data, HEMI is currently priced at $0.1532, up 53.20% in the last 24 hours, with significantly increased trading volume and sustained bullish market sentiment.

###Hot Spot Interpretation

####Vitalik emphasizes full-stack openness and verifiability, promoting technological fairness and transparency.

Ethereum co-founder Vitalik Buterin recently published an article emphasizing the core role of full-stack openness and verifiability in modern technology, especially in the applications of personal health, digital citizenship technology, and the global economy. He pointed out that to ensure that technological development can balance security and fairness, it is essential to adopt open-source and verifiable methods to reduce the abuse of power and enhance the overall transparency and trust of society.

This action not only demonstrates Vitalik's forward-thinking on future technological architecture but also highlights the importance of the open-source ecosystem in building trusted infrastructure. He proposed creating a fully open-source, easily verifiable full-stack solution that encompasses hardware, software, and biotechnology, focusing on high security but non-performance-critical application scenarios. This vision is expected to promote the decentralization concept's implementation at a broader social and industrial level. However, how to balance openness with efficiency, privacy protection with compliance regulation will remain key issues for future development.

####Tether may raise up to 20 billion dollars, with a valuation potentially reaching 500 billion dollars.

According to a report by Bloomberg, stablecoin issuer Tether is in talks with investors to raise between $15 billion and $20 billion through a private placement in exchange for about 3% equity. If successful, the company's valuation could reach as high as $500 billion, making it one of the most valuable private companies globally. Sources reveal that potential investors have been granted access to a data room to assess details, with the deal expected to close as early as the end of the year. However, Tether's advisors and relevant representatives have denied that there are any current financing plans.

This news not only highlights the market's attention to Tether's dominant position in the global stablecoin landscape but also underscores the potential for crypto financial enterprises to leap to higher valuations. If the transaction materializes, Tether is expected to further enhance its industry influence on a capital level. However, the scale and terms of financing remain uncertain, and market volatility, compliance pressures, and issues of corporate transparency will all be key factors that investors must carefully assess in their decision-making process.

####Seedify was attacked by hackers, and the team urgently froze cross-chain funds to control the risk.

Seedify officially disclosed that one of its developers' private keys was stolen by a North Korean state-affiliated hacker group. The attackers used this to modify the OFT contract settings, illegally minting SFUND tokens through the Avalanche cross-chain bridge and transferring them to Ethereum, Arbitrum, and Base to extract liquidity, ultimately resulting in a large-scale sell-off on the BNB chain before being stopped by the team. Seedify emphasized that the incident was limited to the theft of minting permissions, and that the core contract, user wallets, and underlying protocols were not affected.

This event not only highlights the critical importance of private key security in Web3 projects but also reminds the market of the potential risks to asset security associated with cross-chain bridges. Seedify has suspended all cross-chain bridge operations and has collaborated with multiple exchanges to freeze suspicious funds, further revoking related permissions. Although the official confirmation states that there is no risk to BNB chain liquidity, users are still advised not to purchase SFUND on other chains to mitigate unidentified risks. Investors should also be aware that hacker attacks can impact the trustworthiness of tokens and market liquidity, potentially leading to subsequent volatility and risk challenges.
Reference Material:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/HP?pid=384
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Foresightnews, https://foresightnews.pro/news/detail/85200
• Foresightnews, https://foresightnews.pro/news/detail/85193
• Foresightnews, https://foresightnews.pro/news/detail/85188

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Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate does not take responsibility for any losses or damages arising from such investment decisions.