Gate Research Institute: Cryptocurrency Market Rebounds Amid Volatility | Circle Launches Nanopayments Testnet

Cryptocurrency Overview

BTC (-0.58% | Current Price: 69,655.6 USDT)

In the past 24 hours, BTC’s price briefly surged above $71,000, but on Tuesday evening during the US market hours, a clear “sharp dip with quick recovery” liquidity sweep pattern appeared. The price quickly fell from around $71,500 to approximately $69,300. Technically, the 1-hour RSI is about 48, with the price still below the MA5, MA10, and MA30 moving averages, indicating a neutral to slightly bearish momentum. In the short term, focus on the support level around $69,000 and the resistance near $71,000. Recently, there have been no major bullish or bearish crypto news; the recent volatility is more likely driven by US stock movements, interest rate expectations, and shifts in US dollar liquidity and risk appetite.

ETH (-0.76% | Current Price: 2,023.00 USDT)

ETH’s structure shows strong correlation with BTC. After an initial rally, it experienced a more pronounced dip on Tuesday evening, dropping quickly from around $2,070 to near $2,010, then partially recovered but lacked the momentum to stay above $2,050. Short-term, it oscillated between $2,010 and $2,090. Technically, the 1-hour RSI is about 47, with the price slightly below the MA5, MA10, and MA30, indicating ETH remains in a rebound correction phase rather than a trend reversal. Key support is around $2,010; breaking below could lead to a retest of the psychological $2,000 level. Resistance is at $2,060–$2,080. Overall, ETH tends to be more sensitive in environments of “risk aversion + rising interest rates.” A clear macro risk appetite recovery or on-chain improvements could enable a meaningful breakout from the current range.

GT (-0.42% | Current Price: 7.02 USDT)

GT’s price has been trading within a narrow range around $7, repeatedly testing the upper boundary at $7.08–$7.13 without solidly breaking through, while the lower support at $6.97 has been tested multiple times. The structure indicates sideways consolidation with neutral momentum and no clear directional bias. Short-term key levels are the resistance at $7.08–$7.13; a breakout above could open higher space, while falling below $7.00 could accelerate a retreat to lower integer levels.

Daily Gainers and Losers

Over the past 24 hours, altcoins have generally underperformed, continuing the “Bitcoin-led season” pattern, with most mainstream altcoins lagging behind Bitcoin. The Fear & Greed Index recently dropped to a historic low of 5 and remains in extreme fear. The altcoin market lacks short-term rebound momentum, and capital rotation has yet to initiate. Against this backdrop, HUMA, NAORIS, and ARIA have shown notable performance. Below is a detailed analysis of each.

HUMA Huma Finance (+50.13%, Circulating Market Cap: $22.22 million)

According to Gate data, AIN token is now at $0.05346, up 50.13% in 24 hours. AI Network is a decentralized GPU computing network aimed at providing large-scale computational support for AI development, dubbed “The Internet of AI.”

Driven by the continued strength of the global AI concept and Nvidia-related AI news, decentralized computing infrastructure has gained market attention, showing strong sector correlation.

NAORIS Naoris Protocol (+39.38%, Circulating Market Cap: $33.04 million)

Gate data shows NAORIS is at $0.05612, up 19.51% in 24 hours. Naoris Protocol is a decentralized cybersecurity mesh network that transforms each connected device into a security node, using blockchain technology to detect and defend against cyber threats in real-time.

Recent gains are driven by surging demand for Web3 cybersecurity. Naoris’ decentralized defense architecture has recently gained recognition from multiple institutions, with significant institutional capital inflows, indicating long-term potential in the security sector.

ARIA Aria (+29.02%, Circulating Market Cap: $23.65 million)

According to Gate data, ARIA is at $0.13046, up 29.02% in 24 hours. Aria is a decentralized protocol integrating AI agent technology, aiming to optimize DeFi strategies and on-chain asset management through AI-driven automation tools.

The recent explosion of AI agent concepts in crypto has attracted speculative and value discovery capital to ARIA, thanks to its technological updates in automation strategies.

Market Highlights

Oracle’s Earnings Surpass Expectations; AI Data Center Strategy Boosts Stock Price Nearly 8% After Hours

Oracle announced Q3 FY2026 earnings, with revenue up 22% YoY to $17.2 billion, beating the expected $16.9 billion. The company also raised its FY2027 revenue guidance to $90 billion, signaling strong confidence in future growth. Driven by better-than-expected results and AI data center strategies, market sentiment improved significantly, with Oracle’s stock rising about 7.8% after hours.

This earnings report and guidance upgrade indicate Oracle is accelerating commercialization through AI infrastructure, competing with giants like Amazon and Microsoft in cloud computing and AI data centers. The company has raised $30 billion of the planned $50 billion data center investment, easing concerns over capital expenditure capacity. Overall, rising demand for AI computing power is prompting traditional cloud providers to expand infrastructure, and Oracle’s proactive approach reinforces long-term expectations for the AI infrastructure cycle.

Hyperliquid Launches Multiple USDH Feature Updates; HIP-4 Outcome Markets Now in Testnet

Decentralized derivatives platform Hyperliquid announced several updates for the stable asset USDH, with HIP-4 Outcome Markets now live on the testnet. These markets are deployed by validators and priced in USDH, with the first mainnet version supporting 1-day outcome markets based on Bitcoin and HYPE. Additionally, the platform has increased collateral limits, including raising the total USDH supply cap to 500 million tokens, lending cap to 100 million, and individual user limits to 5 million and 1 million for supply and borrow, respectively. These changes will take effect after the next network upgrade.

This update demonstrates Hyperliquid’s ongoing efforts to strengthen its stable asset and derivatives ecosystem. Increasing USDH supply and lending capacity improves capital efficiency and liquidity, supporting more complex trading products. The launch of HIP-4 Outcome Markets indicates exploration into new trading scenarios like prediction markets or event derivatives, which could expand on-chain derivatives offerings and attract more traders. If these products gain liquidity on mainnet, they could further solidify Hyperliquid’s position in perpetual and derivatives trading.

Circle Launches Nanopayments Testnet to Support USDC Gasless Micro-Payments

Stablecoin issuer Circle has launched the Nanopayments testnet, enabling USDC micro-payments as low as $0.000001 without gas fees, aiming to support the “Agent Economy.” Built on Circle Gateway, the system aggregates off-chain transactions and delays on-chain settlement, bundling many micro-payments into a single on-chain transaction to reduce gas costs. Developers can implement pay-per-call, pay-per-use, and machine-to-machine (M2M) payment scenarios. The testnet is live across multiple networks including Ethereum, Arbitrum, Optimism, Avalanche, Base, and Polygon.

Circle’s Nanopayments reflects the evolution of stablecoin infrastructure from simple transfer and settlement tools to high-frequency micro-payment networks. By leveraging off-chain aggregation and batch settlement, this approach circumvents blockchain gas costs for small transactions, enabling AI agents, IoT devices, and automation services to conduct high-frequency, low-value economic exchanges. Industry-wise, such micro-payment infrastructure could become a key underlying capability for AI + crypto economies and further expand USDC’s use cases in Web3 and machine economies.

**References:** * Gate, [https://www.gate.com/trade/BTC\_USDT](https://www.gate.io/trade/BTC_USDT)](https://www.gate.com/trade/BTC\_USDT](https://www.gate.io/trade/BTC_USDT)) * Farside Investors, [https://farside.co.uk/btc/](https://farside.co.uk/btc/) * Gate, [https://www.gate.com/trade/ETH\_USDT](https://www.gate.com/trade/ETH\_USDT) * CoinGecko, [https://www.coingecko.com/en/cryptocurrency-heatmap](https://www.coingecko.com/en/cryptocurrency-heatmap) * Axios, [https://www.axios.com/2026/03/10/oracle-stock-ai-cloud-computing](https://www.axios.com/2026/03/10/oracle-stock-ai-cloud-computing) * X, [https://x.com/HyperliquidX/status/2018327360723202167](https://x.com/HyperliquidX/status/2018327360723202167) * Circle, [https://www.circle.com/blog/circle-nanopayments-launches-on-testnet-as-the-core-primitive-for-agentic-economic-activity](https://www.circle.com/blog/circle-nanopayments-launches-on-testnet-as-the-core-primitive-for-agentic-economic-activity)
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