Gate Research Institute: BIO, LINK rise against the trend | Japan is about to approve the first yen stablecoin JPYC

Encryption Asset Panorama

BTC (-1.52% | Current Price 115,804 USDT)

Previously, BTC once surged to a peak of $124,497, but failed to effectively break through, followed by a volume-based pullback. In terms of the moving average system, the short-term MA5 and MA10 have crossed below MA30, forming a bearish arrangement, indicating a weak short-term trend. Recently, the price has repeatedly found support near $115,800, but is currently approaching this critical position. If it breaks below this range, it may further test the support at $114,000 or even lower. On the contrary, if it can stabilize and rebound at this position, it first needs to reclaim the short-term moving average resistance near $117,300 to reverse the weak pattern.

In terms of trading volume, the decline is accompanied by a significant increase in volume, indicating strong selling pressure and a bearish market sentiment. Overall, attention should be paid to the support level of 115,800 USD in the short term; if it is lost, a continuation of the downtrend may occur; if it is held, there may be a technical rebound opportunity.

In addition, on August 15, the net outflow of BTC ETF reached 14.1 million USD in one day, with BlackRock's IBIT inflowing 146 million USD.

ETH (-0.73% | Current Price 4,358 USDT)

The recent price of ETH has experienced a significant pullback after reaching a high of $4,575, and is currently around $4,360, hitting an intraday low of $4,342. In terms of the moving average system, the short-term MA5 and MA10 have quickly crossed below the MA30, forming a clear bearish arrangement, with a weak short-term trend. In terms of trading volume, the decline has been accompanied by increased volume, indicating strong bearish momentum and a certain level of selling pressure in the market. If the price continues to probe lower, it is important to pay attention to the support at the $4,340 level; if this position is lost, it may further adjust to the $4,300 level or even lower.

On the contrary, if the price can stabilize in the current range and recover above $4,400, a short-term rebound is expected. However, the area around $4,460 (near MA30) will pose significant resistance. Overall, the short-term trend for ETH is bearish, and attention should be paid to whether the key support levels can hold.

In addition, on August 15, the ETH ETF had a net outflow of $59.3 million in a single day, with BlackRock's ETHA inflowing $338 million and Fidelity's FETH outflowing $272 million.

GT (-0.19% | Current price 17.51 USDT)

GT's recent price has generally fluctuated in the range of 17.0–18.5 USD, lacking a clear trend direction. The current price is around 17.5 USD, with short-term moving averages (MA5, MA10) having turned downward and crossed below MA30, indicating weak short-term momentum.

In terms of trading volume performance, it remains low overall, with only occasional spikes in volume during certain periods, indicating limited capital participation, and the market is primarily consolidating sideways. If the price further declines, it is important to focus on the support at the key level of 17.0 dollars. If it breaks below, it may accelerate down to around 16.8 dollars.

From the above, the 17.8–18.0 USD range is a recent area of intense trading pressure. If it can break through and stabilize, there is hope to challenge the 18.5 USD high again. Overall, GT is currently in a narrow range of fluctuations, with a short-term weakness, and attention should be paid to whether the 17 USD support can hold.

Daily Price Fluctuation Tokens

Although the market has experienced some pullback, most altcoins are still showing significant gains, with ALU leading at an increase of up to 51.73%, favored by market funds. CLANKER has also reached a 30.10% increase, performing impressively. Additionally, several tokens recorded double-digit increases, such as BIO (+24.85%), POND (+20.38%), MEMEFI (+15.60%), and LINK (+10.79%). However, some tokens like PENGU, SUI, and ETH are facing pullback pressure or specific negative factors.

BIO Bio Protocol (+24.65%, circulating market cap 203 million USD)

According to Gate's market data, the current price of the BIO token is $0.126, with a 24.65% increase in the last 24 hours. BIO is a decentralized science (DeSci) management and liquidity protocol. The mission of BIO is to accelerate the development of biotechnology by providing global patients, scientists, and biotechnology professionals with the ability to collectively fund, establish, and own tokenized biotechnology projects and intellectual property (IP).

Recently, BIO launched a new real-time DeSci analysis and BioAgent trading feature in the biological market, further enriching the ecological application scenarios. At the same time, the project announced that over 125 million BIO have been staked, and a 1 million BioXP enhancement plan has been launched. Previously, its new points system went live, and to reward long-term supporters, BioXP will be distributed for free among OG users. The combination of technological innovation, token staking, and community incentives is driving a strong increase in BIO prices.

LINK Chainlink (+10.79%, circulating market cap 16.849 billion USD)

According to Gate.io market data, the current price of the LINK token is $24.97, which is an increase of approximately 10.79% in the last 24 hours. Chainlink is a decentralized oracle network designed to securely and reliably connect blockchain smart contracts with off-chain real-world data. It allows smart contracts to access and utilize data from various external sources, such as financial market data, weather data, Internet of Things data, etc. Its native token is LINK, which is used as a reward for node operators providing data services and as payment for developers using Chainlink services.

Recently, Chainlink launched the Chainlink Reserve strategic reserve program, which will convert user fees and on-chain revenue paid by large enterprises into LINK tokens and accumulate them to support the long-term sustainable development of the network. At the same time, Chainlink announced a strategic cooperation with ICE, the parent company of the New York Stock Exchange, to strengthen its role as a bridge between traditional finance and blockchain. On-chain data also shows that whales have cumulatively increased their holdings of 580,000 LINK (over 13.8 million USD) through four addresses within 24 hours, with both funding and fundamentals providing a dual boost, jointly driving the LINK price strongly upward.

ARB Arbitrum (+7.34%, circulating market cap 2.66 billion USD)

According to Gate market data, the current price of the ARB token is $0.5236, having risen approximately 7.34% in the last 24 hours. ARB is the governance token of the Arbitrum network, issued by the Offchain Labs team. Arbitrum is a Layer 2 scaling solution based on Ethereum, designed to improve transaction speed and reduce costs while maintaining compatibility with Ethereum. The ARB token is primarily used to participate in the governance of the Arbitrum DAO, including proposals, voting, and funding allocation decisions.

Recently, ARB has performed strongly, supported by multiple favorable factors. First, Robinhood has launched Arbitrum, opening the door for millions of TradFi users to enter DeFi. At the same time, PayPal announced the adoption of the Arbitrum network, further enhancing market confidence in its ecological prospects. In addition, Arbitrum DAO, as one of the first organizations to join the Ethereum Strategic Reserve, has seen its Ethereum treasury grow by about 36% month-over-month, demonstrating robust expansion of ecological funding and providing long-term support for price increases. On the technical front, ARB successfully broke through a key resistance range after several months of bottoming out, entering a new rising cycle and driving overall market enthusiasm.

Daily New Issues

IPO details

Subscription Project: PublicAI

Token Name: PUBLIC

New subscription time: Until August 22, 2025, 16:00 (UTC+8)

Participation method: Stake ETH, PUBLIC to receive for free

Total airdrop: 1,750,000 PUBLIC

Project Introduction

PublicAI is committed to promoting the development of the artificial intelligence ecosystem by providing high-quality, on-demand AI training data. The platform not only meets the urgent demand for quality data from enterprises but also enables individuals worldwide to convert their expertise into actual benefits.

Hotspot Interpretation

The NFT market activity significantly increased over the past week, with a 30% month-on-month growth in trading volume.

CryptoSlam data shows that as of August 17, the NFT market trading volume increased by 30% in the past 7 days, reaching $173.2 million. The number of active buyers surged by 190.41% to 214,716, while the number of sellers increased by 168.71% to 115,289, but the number of transactions slightly decreased by 10.65% to 1,553,949. By network, Ethereum had the highest NFT trading volume at $105.4 million, a year-on-year increase of 85%; BNB Chain reached $18.1 million, up 33.48%; Solana reached $8.9 million, an increase of 10.14%. In contrast, Polygon and Mythos Chain saw trading volumes decline by 35.51% and 3.52%, respectively, totaling $11.5 million and $9.3 million.

The NFT market has shown significant signs of recovery recently, especially with a substantial increase in participation from both buyers and sellers, indicating that investors and collectors are once again interested in digital assets. The Ethereum network continues to dominate, while BNB Chain and Solana are also showing active performance, highlighting the attractiveness of a multi-chain ecosystem. However, the decline in the number of transactions suggests that some trades may be concentrated on high-value or popular NFTs, indicating that market activity still varies. Overall, the NFT market has strong short-term growth momentum, but attention should be paid to the sustainability of volatility and investor sentiment.

Japan is about to approve its first yen stablecoin JPYC.

According to Nikkei News, the Financial Services Agency of Japan plans to approve the country's first yen-denominated stablecoin - JPYC - this month. The fintech company JPYC Inc. will be allowed to register as a remittance business, and sales are expected to commence within a few weeks after the registration is completed. The value of JPYC will be supported by liquid assets such as government bonds to ensure it is stable, pegged at 1 JPYC = 1 yen.

The launch of JPYC marks an important step for Japan in the regulation of digital currencies and stablecoins. As the first yen-pegged stablecoin, it not only provides a more convenient and secure digital option for domestic payments and cross-border remittances but may also enhance Japan's influence in the Asian stablecoin ecosystem. For the market, this reflects that the traditional financial system is actively embracing encryption technology while emphasizing robust designs that are compliant and asset-backed, which helps to strengthen public and institutional trust in digital currencies.

Arbitrum DAO ETH reserves increased by 36% this month, with holdings exceeding 22,500 coins.

As one of the earliest organizations to join the Ethereum strategic reserve, Arbitrum DAO's Ethereum treasury has grown by approximately 36% in the past month, currently holding 22,500 ETH, worth nearly $100 million, accounting for about 0.02% of the total Ethereum supply. The overall scale of the asset management portfolio has increased to approximately $80 million, with growth driven mainly by the rise in ETH prices and the injection of stablecoins into risk assets (RWA). Data from July 2025 indicates that Arbitrum DAO's asset management strategy remains robust amid market fluctuations, while also demonstrating capabilities in both yield growth and risk management.

The growth of the treasury of Arbitrum DAO not only demonstrates its proactive strategic layout on ETH but also reflects the increasing institutional management trend in asset allocation among DeFi organizations. By combining stablecoins and RWA injections, the DAO can enhance returns while maintaining liquidity, showcasing the exploratory value of encryption organizations in diversified asset management. For investors, this robust treasury strategy helps to bolster confidence in the long-term development of the Arbitrum ecosystem, while also indicating that DeFi projects are gradually improving their financial governance systems.
Reference Materials:


[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

Disclaimer Investing in the cryptocurrency market involves high risks. 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 is not responsible for any losses or damages resulting from such investment decisions.

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