Research

Gate Research Daily Report: Bitcoin has stabilized above $115,000, while Ethereum broke through $4,200, leading a rebound in altcoins. Falcon secured a strategic investment of $10 million from M2 Capital and Cypher Capital, surging 27.2% within 24 hours. Bella Protocol formed a strategic partnership with AITECH, driving BEL up 36.9%. Kalshi partnered with Pyth Network to bring real-time prediction market data on-chain for the first time. Asset manager Amundi is entering the crypto ETF market, further accelerating the integration of digital assets with traditional finance. Following recent liquidations, the market has deleveraged overall, but structural capital and institutional demand remain intact.

Gate Research Daily Report: On October 13, BTC showed signs of a rebound after briefly dipping to around $102,000. ETH touched a low of $3,394 before quickly stabilizing and rebounding, showing strong short-term recovery momentum. The total global stablecoin supply surpassed $301.5 billion, reaching a new all-time high. Meanwhile, USST, a stablecoin launched by Tether co-founder Reeve Collins under the STBL project, has continued to depeg since its debut. Grayscale also filed a Form 10 with the SEC for its Bittensor Trust (TAO), marking a significant step toward full regulatory registration.

Gate Research Daily Report: On October 10, BTC briefly surged above $126,000 before quickly retreating, then dropped below $121,800, forming a clear downward structure. ETH, after falling from a high near $4,755, briefly broke short-term support and touched a low of $4,265, followed by an oversold rebound. Q3 DeFi TVL reached a record high, but user activity significantly declined. Aave partnered with Blockdaemon to facilitate institutional access to DeFi services. Flying Tulip announced its first public fundraising partner, Impossible, with whitelist applications officially open.

Gate Research Weekly Report: On October 7, BTC broke above 126,000 to reach a new high and is now consolidating in a short-term range. Plume has acquired institutional staking protocol Dinero, strengthening its integration of RWA and compliant staking. 21Shares has partnered with wealth management platform Stratiphy to expand access to crypto ETNs for retail investors. Uniswap’s TVL has surpassed $7 billion, setting a new high for 2025. Bitcoin spot ETFs recorded a net inflow of $897 million over the past seven days, signaling a notable return of institutional buying. On October 8, DDC announced the completion of a $124 million funding round to advance its Bitcoin reserve strategy.

Gate Research Daily Report: On September 30, today’s BTC price action showed initial consolidation in a lower range, followed by a strong rally and subsequent consolidation at higher levels. According to Gate market data, XAN is currently priced at $0.192, up about 102.45% in 24 hours; gold prices hit a new all-time high with the tokenized gold market approaching $3 billion; Bitcoin’s market capitalization has surpassed Amazon to rank sixth globally, while the total cryptocurrency market cap reached a record high of $4.1 trillion; Ethereum spot ETFs recorded $547 million in net inflows yesterday, ending five consecutive days of net outflows.

Gate Research Daily Report: On September 29, BTC led the rebound by breaking above $112,000, while ETH surged all the way to $4,146. KAITO stood out, with over $170 million committed to the Kaito Launchpad. FORM and COW rose 23% and 14% respectively, benefiting from strong buying momentum and short squeezes. Plasma DeFi’s TVL climbed to $5 billion, ranking sixth among DeFi protocols by total value locked.

This report provides a systematic review and analysis of the development of liquid staking (LSD) protocols. Since 2020, liquid staking protocols have risen rapidly, with total value locked (TVL) surpassing USD 85 billion, becoming an important bridge between PoS and DeFi. By comparing mainstream protocols such as Lido, Jito, and Rocket Pool, the report highlights the characteristics and competitive dynamics of different models: Lido, leveraging its first-mover advantage and economies of scale, remains the leader in Ethereum liquid staking; Jito has rapidly expanded within the Solana ecosystem by distributing MEV revenue; Rocket Pool, through decentralization and low entry thresholds, has encouraged participation from smaller node operators. With relatively low risk and stable yield characteristics, liquid staking has attracted massive user and capital inflows, and has further given rise to innovative products represented by Pendle, enhancing both capital efficiency and financial diversity.

From September 9 to September 22, 2025, both BTC and ETH remained in a high-level consolidation phase, with divergences emerging between price structure and volatility performance, indicating overall weak short-term momentum. On the derivatives side, BTC open interest retreated significantly from recent highs, while ETH held relatively steady, suggesting that leveraged positions have not yet fully exited the market. On September 22, long liquidation volume surged to over $1.6 billion, highlighting mounting pressure at market highs and intensifying bearish sentiment due to cascading stop-losses by long positions. In terms of quantitative strategies, a mean-reversion strategy based on Bollinger Bands delivered strong performance on ADA, achieving an annualized return of over 60%, showcasing solid potential for short-term trading.

Gate Research Daily Report: On Sep 26, BTC fell below $109K and ETH slipped under $3,900 as markets came under pressure; XPL surged 178% on Plasma mainnet launch; SQD and SKX gained 65% and 25% on tech integration and ecosystem growth; new tariffs and regulatory probes fueled risk-off sentiment, wiping over 4.5% from crypto market cap.

Gate Research Weekly Report: This week, BTC declined by 1.99% and ETH dropped by 7.69%, while some DeFi sectors saw gains against the trend. The crypto market experienced its largest liquidation event of the year, with $1.8 billion wiped out. Gate launched its Gate Layer L2 network, marking a full-scale upgrade to the GT ecosystem and its deflationary mechanism. The Ethereum Fusaka upgrade focuses on data availability and security, with PeerDAS ushering in a new era of Layer 1 scalability. Meanwhile, SUI Group revealed a major SUI token holding and stock buyback, demonstrating strong capital reserves and market confidence.

This report summarizes Web3 industry funding in August 2025. A total of 112 deals were completed, with total funding reaching $2.05 billion, marking a clear decline from previous periods. CeFi once again demonstrated strong capital absorption, infrastructure and mid-sized growth projects received steady support, while application-layer projects faced accelerated elimination. With the emerging trend of “on-chain reserve assetization” and institutional capital increasingly concentrated in Series B and strategic rounds, the Web3 industry is entering a more stable, diversified, and sustainable growth stage. The report also highlights major funding cases, including SuperGaming, Multipli, BOB, HoneyCoin, and Perle.

Gate Research Daily Report: On September 23, BTC fell below $112,000 before consolidating, while ETH failed to hold above the $4,200 level. AIC surged over 70% in 24 hours driven by its buyback-and-burn program and AI+VR narrative, 0G jumped more than 50% on mainnet launch and strong financing support, and BLUE gained over 30% on short-term liquidity improvements. The market saw more than $1.7 billion in liquidations in the past 24 hours, while Metaplanet purchased $632 million worth of Bitcoin, becoming the fifth-largest publicly listed corporate holder. Meanwhile, gold hit a new record high of $3,721 as capital partially rotated from Bitcoin into precious metals.

Gate Research Daily Report: On September 22, BTC faced resistance near $117,900 and continued to decline, currently trading around $114,300 with a brief dip to $114,250; ETH has been under pressure above $4,460 and continued downward, breaking below $4,300 to reach a short-term low of $4,289. StandX TVL exceeded $60 million, setting a new all-time high; 0G Labs mainnet Aristotle officially launched; Story ecosystem IPRWA project Aria introduced the institutional-grade on-chain IP investment platform, Aria PRIME.

In August, the crypto market showed strong performance, driven by continued ETF inflows and rising on-chain activity. ETH emerged as the best-performing major token of the month, with a gain of over 18%. In contrast, Bitcoin followed a “rise-then-fall” pattern—briefly surpassing $124,500 mid-month before retreating due to growing macroeconomic uncertainty. Among public blockchains, Solana led with over 29 billion monthly transactions, while Ethereum recorded 51.77 million on-chain transactions, marking a new four-year high for the second consecutive month.

This report highlights that as of August 2025, the global stablecoin market capitalization has reached $280 billion, with annual on-chain settlement volumes surpassing $30 trillion. Stablecoins are evolving from mere crypto trading instruments into global financial infrastructure. This explosive growth is driven by regulatory implementation and the entry of major enterprises. The enactment of the GENIUS Act, the Stablecoin Bill, and the MiCA Regulation mark the beginning of a “compliance grand era” for stablecoins. Their model has advanced into a “Peg + Yield + Application” triad, expanding across payments, yield generation, and real-world applications. At the same time, competition has shifted from “token battles” to “infrastructure battles,” with players such as Tether, Circle, Stripe, and Alchemy Pay building proprietary blockchains to capture dominance in payments and settlements.