Research

Gate Research Daily Report: On July 18, BTC traded in a narrow range while ETH broke out to a new local high, leading the major assets. The U.S. House of Representatives passed three key crypto bills, including the GENIUS Act, advancing the formation of a comprehensive crypto regulatory framework. Meanwhile, CANARY filed for a Staked INJ ETF, and Russia’s Sberbank announced plans to offer crypto custody services. Gate Launchpool introduced the L2 project Eclipse, enabling BTC/ETH/ES staking for airdrop rewards.

Gate Research Daily Report: On July 21, BTC entered a phase of high-level pullback and consolidation. ETH remains in a strong upward channel, reaching a local high of around $3,780. Former President Trump signed the GENIUS Act, marking the enactment of the first U.S. federal regulatory framework for stablecoins. Abstract Chain surpassed 100 million on-chain transactions. Ethereum launched the “The Torch” NFT to commemorate its 10th anniversary, with minting open to the public on July 30.

Gate Research Daily Report: On July 22, the cryptocurrency market saw Bitcoin (BTC) exhibit a pattern of high-level volatility, finding support near $116,600 before rebounding, though it repeatedly failed to break through the $118,500 resistance level, indicating weakening upward momentum. Meanwhile, Ethereum (ETH) fluctuated around $3,800, briefly touching this level after breaking through $3,700, but failed to surpass the key resistance of $4,000, showing signs of short-term fatigue. On the corporate front, Nasdaq-listed Bit Origin announced its first purchase of Dogecoin (DOGE), totaling 40,543,745 coins, following its plan to establish an enterprise-level DOGE vault. Ethena Labs revealed a $360 million PIPE deal with StablecoinX, while its foundation launched a $260 million ENA public market buyback plan to bolster ENA reserves. Additionally, Bittensor ecosystem company xTAO announced its listing on Canada’s TSX Venture Exchange on July 23, with the stock code XTAO.U.

In June 2025, the total cryptocurrency market capitalization fluctuated between $3.2 trillion and $3.6 trillion, with geopolitical tensions in the Middle East temporarily weighing on market sentiment. Solana led with nearly 100 million daily transactions, followed by Base with 9.7 million. SEI surged in popularity, driven by price gains and favorable policy momentum—its daily trading volume exceeded $94 million in mid-June, with a short-term price increase of over 50%. Global crypto regulation showed growing divergence, Singapore tightened oversight of offshore services, the U.S. advanced stablecoin legislation, while South Korea and Vietnam adopted a more supportive stance. Overall, the regulatory climate showed signs of warming.

Gate Research Daily Report: Bitcoin rose by 0.71% to $87,393, while Ethereum dipped slightly by 0.06% to $2,055. The market cap of tokenized U.S. Treasury bonds surpassed $5 billion for the first time. PumpSwap's daily trading volume exceeded $450 million. USDC's market cap reached a record high of $60 billion. Gate Wallet now added support for Berachain. BlackRock launched the iShares Bitcoin ETP in Europe. Asia Web3 Alliance Japan proposed a U.S.-Japan collaboration to advance the tokenized economy and Web3 innovation.

Gate Research Daily Report: On March 10, Bitcoin price dropped 3.62% to $82,454.3, and Ethereum price fell 4.98% to $2,071.02. Level TVL surpassed 80 million USD. Fulcrom TVL exceeded 18 million USD. The market cap of stablecoins on the Sui chain broke 600 million USD, setting a new all-time high. The White House stated that the United States will become a Bitcoin superpower, marking the beginning of a golden era. The Utah Senate passed the Bitcoin bill, but the reserve investment clause was removed. The Japanese government approved cryptocurrency brokerage business and stablecoin reforms.

Gate Research Daily Report: On March 7, Bitcoin price dropped 4.97% to 87,612.3 USD, while Ethereum price fell 5.91% to 2,156.88 USD. Trump signed an executive order to formally establish the United States Bitcoin Strategic Reserve. Safe{Wallet} investigated the Bybit security incident and confirmed its connection to North Korean hacker group TraderTraitor. Japan's ruling party plans to reduce the cryptocurrency transaction tax rate to 20%. Aave's high-risk loans decreased by nearly $1 billion, indicating a market deleveraging trend. USDC Treasury newly minted 66.499 million USDC on the Ethereum blockchain, with circulation continuing to grow.

Gate Research: This week, four projects, Sake Finance, AGNT Hub, Primus, and SedraCoin, offer users opportunities to engage with the Web3 ecosystem. Sake Finance, a liquidity protocol within the Soneium ecosystem, delivers seamless DeFi services and incentivizes user participation through Sake Points. AGNT Hub merges AI and blockchain technology, establishing a centralized AI agent creation and trading platform. Primus aims to resolve data consistency challenges between blockchain and AI. By validating data and training AI models, it rewards users with PRM tokens. Sedra, a fork of Kaspa, utilizes the GHOSTDAG protocol to enhance transaction speed and network security. It also distributes SDR tokens to early supporters via the Zealy platform. These projects are still in their early stages, providing users with opportunities to contribute to ecosystem development while potentially earning rewards.

Gate Research Quantitative Report: Between February 18 and March 3, 2025, the market exhibited key characteristics such as BTC's heightened sensitivity, ETH's lack of momentum, and intensified deleveraging. The BTC long/short trading volume ratio fluctuated between 0.90 and 1.10, while ETH remained in the 0.85–1.05 range, indicating weak rebound strength. BTC funding rate volatility increased, accompanied by a decline in open interest and a rise in long liquidations, suggesting that the market may be undergoing deleveraging or short-term liquidity tightening, with investor sentiment leaning towards caution. Additionally, daily issuance of Solana-based meme coins dropped to 40,000, marking a 65% decline from its January peak, reflecting diminishing interest in short-term speculative assets. Backtesting of a mean-reversion strategy using the standardized MACD indicator showed that the strategy effectively identified pullback opportunities following excessive price surges, providing short-selling signals for tra

This report summarizes the funding situation in the Web3 industry for February 2025. A total of 134 funding rounds were completed, amounting to $1.02 billion. Although this represents a decline compared to January, the overall trend remains stable. The CeFi sector, with its institutionalized scenarios, has become the main hub for large funding rounds, while emerging fields such as blockchain security, infrastructure, and Ordinals have also gained attention. Most funding still consists of small and medium-sized rounds, with Pre-Seed and Seed rounds accounting for more than half, indicating that early-stage projects continue to attract capital. The report also covers key funded projects, including Raise, Cygnus Finance, ResearchHub, Ethena, and Blockaid.

February 2025 was a dynamic month for blockchain and crypto, with significant events shaping the industry. Key projects like Ethereum, Metamask, SMID-96, Stackstone, and Hyperliquid saw major developments, including platform launches, service expansions, token issuances, feature rollouts, mainnet activations, fee voting, and mining activities. These advancements highlight ongoing innovation, foster technological and community growth, and provide fresh momentum for the industry’s expansion.

Gate Research: In February 2025, a series of significant events unfolded—from the U.S. government announcing new tariffs on Mexico and Canada, to an Oklahoma legislator proposing the Bitcoin Freedom Bill, and 10 companies receiving approval to issue stablecoins under the MiCA regulatory framework in the EU. These developments reflect signs of economic recovery, shifts in the regulatory landscape, and the impact of policy uncertainty on the market, providing crucial insights into the current economic climate and future trends.

Gate Research report indicates: In February 2025, the Web3 industry experienced 15 security incidents with total losses of $1.676 billion—a significant increase from the previous month. These incidents primarily involved contract vulnerabilities and account hacks, accounting for 53.3% of total losses in the crypto industry. Most losses occurred on the BSC blockchain. Major incidents included the Bybit exchange wallet theft, Infini's lack of strict permission controls, and ionic falling victim to a social engineering attack.

With the similar backgrounds of Sui and Aptos, the debate over which will emerge as the leader in the Move-based blockchain space continues to heat up. This report takes a data-driven approach to explore the overall performance of the Sui and Aptos ecosystems in 2024. It covers key aspects such as network performance, user growth, capital inflows, ecosystem development, and token performance, providing a comprehensive analysis of their progress.

This week, BTC briefly rebounded to $95,000 before retesting the $81,500 support level, while ETH remained in a triangular consolidation pattern. Ripple established the National Cryptocurrency Association in the U.S., Aave introduced a token buyback program and activated its fee switch to optimize its economic model, and Pendle launched a Community Listing mechanism to enable a permissionless yield market. Berachain led capital inflows, securing the top position this week, while Pump.fun's February trading volume dropped 63% month-over-month. In the NFT market, Paradise topped the rankings with a seven-day trading volume exceeding 28,000 SOL.