Gate Research Institute: PHA up over 40% in the past 24 hours | Gate launches TradFi trading API and multi-leverage mechanism

Cryptocurrency Asset Overview

BTC (+0.77% | Current Price: 68,619 USDT)

BTC has maintained a sideways consolidation pattern over the past 24 hours, with prices fluctuating narrowly around $68,000 after a previous rebound. The short-term structure is mainly digesting sideways. From the moving average perspective, MA5, MA10, and MA30 are gradually converging, with prices moving near multiple moving averages, indicating that the short-term direction remains unclear, and the market is in a wait-and-see phase. The MACD is operating near the zero line, with the red momentum bars slightly expanding, suggesting a slight recovery in bullish momentum but with limited strength. Resistance above is at the $69,800–$70,100 range. If this cannot be effectively broken, a pullback to test support at $67,200–$66,500 remains possible.

ETH (+0.75% | Current Price: 1,991 USDT)

ETH’s recent 24-hour movement is mainly a correction with oscillation. Prices have gradually stabilized above $1,950 after a pullback and are repeatedly consolidating in the $1,980–$2,000 range. The moving average system shows MA5 and MA10 are nearly flat, with prices moving around MA30, indicating a neutral short-term trend, and rebound momentum has yet to form a continuous trend. The MACD is near the zero line, forming a weak golden cross, with the momentum bars slightly turning positive, reflecting some market sentiment recovery but cautious buying. Resistance is at the $2,020–$2,080 range. If broken resistance is hindered, prices may fall back to test support at $1,940–$1,900.

GT (+0.14% | Current Price: 6.92 USDT)

GT has maintained a low-volatility oscillation pattern over the past 24 hours, with prices consolidating narrowly between $6.85 and $6.95, and trading volume remains relatively stable. The moving averages are mostly overlapping, with prices slightly below MA30, indicating weak short-term momentum but an overall sideways trend. The MACD is near the zero line, with little change in momentum bars, and the market direction remains unclear. Resistance is at the $7.05–$7.23 range. If this cannot be broken, a short-term pullback to test support at $6.80–$6.65 is possible.

Daily Gainers and Losers

Over the past 24 hours, the overall crypto market remains weak and volatile, with most major assets declining. BTC has slightly fallen but still holds the largest weight among major assets, significantly influencing the overall market trend; ETH has declined more notably, indicating weaker short-term momentum for mainstream assets. Some assets like SOL (+1.14%) have rebounded slightly, but overall, red dominates the gains and losses, with market funds remaining cautious and risk appetite continuing to shrink.

Sentiment-wise, the Crypto Fear & Greed Index has dropped to 10, entering the “Extreme Fear” zone, further declining compared to yesterday and last month, reflecting a markedly low market sentiment. In this environment, funds tend to stay on the sidelines or reduce risk exposure, and short-term selling pressure may intermittently ease. Overall, the market is still in a sentiment-driven weak oscillation phase, and until fear eases significantly, the trend may remain highly volatile and range-bound.

PHA Phala (+49.22%, Circulating Market Cap: $31.05 million)

According to Gate data, PHA is currently priced at $0.03823, up approximately 49.22% in 24 hours. Phala Network positions itself as an infrastructure for AI and Web3 privacy computing, primarily providing confidential computing capabilities for on-chain applications and AI models through TEE hardware security environments.

Recent project narratives and technological progress have become market focal points. The team continues to strengthen the positioning of “Confidential AI” and privacy computing infrastructure, deploying various models within AI ecosystems like OpenRouter, and announced a partnership with Zeko Labs to introduce Confidential Rollups into AI agent scenarios, enabling AI execution, ordering, and key management within TEE environments. Additionally, discussions around AI competition focusing on private data and trusted computing have intensified, further reinforcing Phala’s narrative in the AI security infrastructure sector.

AIXBT aixbt by Virtuals (+23.6%, Circulating Market Cap: $25.34 million)

According to Gate data, AIXBT is currently priced at $0.02943, up 23.6% in 24 hours. AIXBT is an AI agent project within the Virtuals ecosystem, positioned as an automated market information analysis and trading insight agent. It integrates on-chain data, market information, and social media content to interpret and generate signals on crypto market dynamics in real-time.

The recent rally appears driven more by technical recovery and phase reversal. After a prolonged downtrend and sideways consolidation, AIXBT’s price has shown a significant volume rebound from lows, with MACD momentum bars turning positive and short-term moving averages beginning to turn upward, indicating signs of short-term capital returning to the market.

AKT Akash Network (+15.72%, Circulating Market Cap: $99.14 million)

According to Gate data, AKT is currently priced at $0.3489, up approximately 15.72% in 24 hours. Akash Network is a decentralized cloud computing and GPU resource marketplace that matches idle computing power with developers needing computational resources, providing lower-cost infrastructure for AI, machine learning, and high-performance computing.

Recent technological upgrades and rising AI compute narratives have become market focus. Akash announced the upcoming Mainnet 16 upgrade, which includes improvements to leasing mechanisms, security patches, and infrastructure migration. The team is also advancing the Akash HomeNode concept, connecting household GPU resources to the network to support AI workloads.

Market Insights

AI Model Financial Preferences Show Bitcoin as a Preferred Currency in 48.3% of Scenarios

A study by the Bitcoin Policy Institute tested 9,072 different financial scenarios across 36 cutting-edge AI models. Results show that in value storage and transaction medium decisions, AI significantly favors Bitcoin. Approximately 48.3% of decision scenarios selected Bitcoin as the primary currency tool, far exceeding stablecoins (33.2%) and fiat currencies/banking funds (8.9%). This indicates that, within algorithmic evaluation frameworks, Bitcoin’s features—decentralization, security, and global liquidity—are generally viewed as more robust for value storage and payments.

Structurally, stablecoins still maintain a high usage ratio, mainly due to their price stability and transaction efficiency advantages. Traditional fiat currencies have a lower share in AI decision-making, reflecting limited suitability for cross-border and permissionless financial scenarios. Additionally, tokenized RWA (1.1%) and compute resource valuation (0.9%) remain small, suggesting AI’s current preference for mature crypto assets. Overall, this study reflects that in automated financial decision scenarios, Bitcoin is increasingly regarded by algorithms as a foundational digital currency.

Circle Launches Nanopayments Testnet Supporting Micro-Payments of USDC as Low as $0.000001

Circle announced that its ultra-micro payment service Nanopayments has officially launched a testnet, supporting USDC micro-payments as low as $0.000001 with zero gas fees. The initiative aims to lower on-chain payment barriers, making the transfer of tiny amounts feasible in terms of technology and cost, and providing infrastructure for digital content payments, API billing, and real-time service payments.

In application scenarios, Nanopayments also supports AI agents participating in transactions, enabling automated programs to perform micro-value exchanges without manual intervention. This mechanism is viewed as a key infrastructure for AI economies, applicable to model usage fees, data access authorization, and machine-to-machine transactions. As settlement efficiency and costs of stablecoins improve further, on-chain micro-payments are expected to see broader practical adoption in Web3 and AI business models.

Gate Launches TradFi Trading API and Multi-Leverage Mechanism, Simultaneously Initiating Trading Incentives

Gate announced the launch of TradFi trading API and an upgrade to the TradFi section’s leverage mechanism, further optimizing multi-asset algorithmic trading systems. The API supports automated trading of traditional financial assets such as metals, forex, and indices, allowing users to execute orders, access market data, and manage accounts via API, enhancing strategy efficiency. The TradFi section now offers adjustable leverage options, with a maximum of 500x, adding multiple leverage tiers for flexible risk and position management; combined with a unified account structure and USDT margin system, it improves cross-market capital allocation.

Additionally, Gate has launched a TradFi API trading incentive campaign with a total prize pool of 80,000 USDT. Users who register and activate TradFi trading before 16:00 (UTC+8) on March 15, and complete specified trading tasks via API, are eligible to participate in the rewards.

References:

• 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/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• X, https://x.com/Cointelegraph/status/2029006549696266583?s=20

Disclaimer Investing in cryptocurrencies involves high risk. Users are advised to conduct independent research and fully understand the assets and products involved before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.