[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202507231351149131664110.webp) - Market Overview: On July 23, the crypto market maintained a moderately bullish consolidation pattern. BTC fluctuated within the 119,000–120,000 USDT range, with a short-term structure still favoring the bulls. ETH steadily climbed to 3,745 USDT with mild momentum. Altcoins saw broad gains as sector rotation continued. The Fear & Greed Index rose to 74, reflecting optimistic sentiment without signs of overheating. U.S. equities were mostly flat, and gold saw a slight pullback, with macro conditions remaining stable. - Top Movers: FLR surged 16.21% following Firelight’s announcement of stXRP—an XRP-pegged token—boosting Flare network activity. SAROS rose 14.13% as its DLMM module was integrated into CoinGecko and GeckoTerminal, increasing TVL and trading data visibility. USELESS gained 17.42% after adopting Chainlink’s CCIP for native cross-chain transfers between BNB Chain and Solana, marking a shift from meme token to functional multichain utility. - Alpha Insights: 21Shares submitted an S-1 filing to the U.S. SEC for an ONDO ETF, proposing a physically backed structure—marking further progress in RWA compliance. Polygon’s stablecoin supply surpassed $2.8 billion, a three-year high, supported by multichain architecture and institutional partnerships. In the Sui ecosystem, MPC coordination project Ika announced its mainnet launch for July 29, introducing a new paradigm for on-chain multisig and task coordination. - Gate Launchpool: Gate has launched the Solana-based gamified project NeonNeko on Launchpool, allowing users to stake GT or NEKO to receive airdrops. The campaign offers a total of 750,000 NEKO and ends on July 25, 2025, at 10:00 (UTC). NeonNeko combines vibrant aesthetics with interactive gameplay, integrating NFTs and community participation to redefine the Web3 gaming experience. Discover more details today → Gate Research: 21Shares Files for ONDO ETF ｜Polygon Stablecoin Supply Hits Three-Year High Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team July 23, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves