Gate News Bot news, on September 2nd, according to CoinMarketCap data, as of the time of writing, SKY (Sky) is currently priced at 0.07 USD, with a rise of 4.87% in the last 24 hours, reaching a high of 0.07 USD and a low of 0.06 USD. The current market capitalization is approximately 1.569 billion USD, an increase of 72.9 million USD compared to yesterday. Sky Protocol is a decentralized open financial ecosystem powered by the USDS stablecoin and the SKY governance token. Users can store USDS in a non-custodial manner to earn Sky savings interest (SSR), and can also use USDS to participate in the Sky token rewards (STR) program. Sky.money serves as a non-custodial gateway, providing eligible users access to Sky protocol features, including

On-chain data analysis company Glassnode, in its latest weekly report, focused on the interpretation of the latest trends in the Bitcoin Stablecoin Supply Ratio (Stablecoin Supply Ratio, SSR). This metric measures the ratio between the circulating supply of Bitcoin and the total supply of stablecoins. Although it is in a neutral range, the current data, when combined with historical context, clearly indicates that investors' potential purchasing power is significantly stronger than during the peak of the last bull run. This suggests that there is relatively ample "reserve capital" to support potential upward movement in Bitcoin prices.