Trading

Gate Research Daily Report: On April 3, BTC consolidated above $66,000, ETH pulled back toward $2,050, and GT traded in a narrow range near $6.45. While the broader market remained weak, CTSI, BR, and SYN outperformed. Meanwhile, market attention focused on reports of Tether pursuing a $500 billion valuation, Telegram Wallet’s push into perpetual futures trading.

edgeX is a decentralized derivatives trading protocol that combines off-chain order matching with on-chain settlement to achieve performance close to centralized exchanges while maintaining the security of self-custodied assets. As DeFi evolves from simple token swaps to more complex financial instruments, hybrid architectures like edgeX have become widely adopted for supporting high-frequency trading scenarios such as perpetual contracts. Its design reflects a balanced approach within decentralized trading infrastructure, navigating trade-offs between performance, transparency, and verifiability.

The core differences between edgeX, Hyperliquid, and Aster lie in their matching mechanisms and architectural paths. edgeX adopts an off-chain matching with an on-chain settlement model, Hyperliquid operates a fully on-chain order book, while Aster uses a modular design to aggregate liquidity and trading mechanisms. These distinctions directly shape each platform’s latency, level of decentralization, liquidity structure, and risk management approach.

Gate ETF, or leveraged tokens, are crypto financial instruments that “tokenize” leveraged trading. They allow users to gain amplified price exposure through spot trading without needing margin or a futures account. As the crypto derivatives market evolves, these products are increasingly used to improve capital efficiency and simplify risk management in trending markets.

Gate ETF is a crypto derivative that packages leveraged trading strategies into token form. Its operation relies on underlying contract positions, net asset value (NAV) calculations, and an automatic rebalancing mechanism. Users can gain amplified market exposure through spot trading, though returns are not simply a fixed multiple of price movement.

Over the past week, markets were primarily driven by the escalation of the US Iran conflict. WTI crude rose nearly 17% and returned above the $100 level, pushing US Treasury yields higher, with the 10 year reaching 4.44%, while the US dollar strengthened. The crypto market declined by more than 6% overall, and the VIX climbed to 31. On the capital side, BTC and ETH ETFs recorded about $500 million in net outflows mid week, followed by a modest rebound.

Over the past week, global markets entered a risk-off phase, driven by hawkish Fed expectations and escalating geopolitical tensions. Climbing US Treasury yields weighed on risk asset valuations. Gold and silver, after strong rallies, each saw corrections of more than 10%. The crypto market weakened in parallel, with BTC dropping below $70,000. Meanwhile, crude oil held firm amid expectations of potential supply shocks, and energy factors continued to disrupt the inflation outlook. On the capital front, both BTC and ETH ETFs recorded net outflows, reflecting a slowdown in short-term capital inflows. Nevertheless, total AUM remained at elevated levels, as long-term allocation capital has not exited the market. On-chain, DEX liquidity became increasingly concentrated in leading and highly efficient protocols, with Meteora’s rapid ascent reshaping trading dynamics. Marginal growth in stablecoin supply stemmed from protocol-based assets, and DeFi credit demand shifted primarily back to stablecoin arbitrage and

Gate Research Daily: On Apr. 1, BTC rebounded above $68,000 and entered a consolidation phase. ETH climbed back above $2,100, while GT held steady in a tight range near $6.59. Mid- and small-cap tokens remained active, with StakeStone, saffron.finance, and KernelDao leading in rise %. At the same time, Google's quantum computing breakthrough sparked renewed debate over Bitcoin's security. The stablecoin infrastructure sector attracted fresh investment attention, and the regulatory boundaries of the Clarity Act continued to be a major topic within the industry.

USD1 (World Liberty Financial USD) is a stablecoin pegged to the US dollar, designed to maintain price stability through collateralization or a hybrid mechanism. As an emerging stablecoin, USD1 aims to deliver higher capital efficiency and a more transparent reserve structure within the decentralized finance (DeFi) ecosystem.

Gate Research: On March 31, the crypto market continued its recovery driven rebound, with BTC returning to the 68,000 range and ETH showing relative strength, while the overall market remains in a range bound phase and a trend reversal has yet to be confirmed. Market sentiment remains in extreme fear, with capital flowing back into major assets, while altcoins continue to rotate structurally, led by mid cap tokens such as ABT, G, and GOAT. On the industry side, stablecoin payments are accelerating their integration into real world consumption scenarios, banks are advancing pilot programs for onchain FX and cross border settlement, and multi custody and risk management frameworks continue to strengthen. Onchain financial infrastructure is increasingly moving toward real world adoption.

Gate Research Daily Report: On March 30, the crypto market continued to trade in a range-bound consolidation, with BTC and ETH repeatedly fluctuating around key levels and no clear trend reversal. The Fear and Greed Index remains in extreme fear, and the market is still dominated by defensive positioning and short-term trading. On the market side, STIK, GF, and NKN ranked as the top three gainers among assets with market capitalizations above ten million dollars, with capital rotating structurally around sectors with clear narratives such as precious metals RWA and decentralized network infrastructure. At the industry level, Pharos and Circle are advancing the integration of USDC and CCTP into mainnet, pushing stablecoin settlement capabilities into the core design of public chains. Sui continues to improve protocol-level usability and security, while the launch of the TxFlow mainnet strengthens the trend toward integrated on-chain financial execution.

Leveraged tokens are crypto derivative assets traded on the spot market with built-in leverage mechanisms. They are designed to amplify the price movements of underlying cryptocurrency, such as BTC, offering exposure like 3x long or 3x short. Unlike traditional leveraged trading, users do not need to post collateral, and there is no risk of liquidation. The leverage level is maintained dynamically through an automatic rebalancing mechanism.

Compared with traditional platforms like Scale AI and Appen, the core significance of Perle lies in its attempt to address the “data black box” problem and incentive misalignment in the AI data market. In the traditional model, platforms capture most of the value. Under Web3 architecture, however, data contributors can earn long-term, sustainable rewards through an on-chain reputation and token incentives, helping to reshape the underlying dynamics of data production.

Gate Research Daily Report: BTC is showing a pattern of “attempted recovery within a weak consolidation, with momentum yet to stabilize.” ETH remains in a “weak recovery without a confirmed reversal,” with further upside requiring volume expansion. NKN, XNY, and POOL surged sharply against the broader weak market, mainly driven by catalysts such as mainnet upgrades, strengthened AI narratives, and optimized protocol incentives. The White House has approved a review of a proposal to include crypto in 401(k) retirement plans; meanwhile, the largest options expiry of Q1 2026 takes place today, with nearly 40% of contracts set to expire. Institutional investors sold $11 billion in U.S. equities last week, marking the largest weekly sell-off in the past five weeks.

Gate Research: This paper focuses on the practical need for trade review in the crypto market. Based on the OpenClaw framework and Gate MCP capabilities, it develops an AI investment advisory system that automates the entire process from data ingestion and metric analysis to report generation. By introducing an agent-based architecture and modular tool invocation, the system enables AI not only to understand trading data but also to perform analysis and support decision-making, producing review reports that are both interpretable and actionable. Overall, this approach validates the potential of the “LLM + MCP + Agent” paradigm in financial scenarios, offering a feasible path for the engineering implementation of AI-driven investment assistance and laying the foundation for future evolution toward more intelligent and quantitatively driven decision systems.