Gate Research Daily Report: On December 20th, BTC and ETH saw a downward correction, with the market sentiment remaining stable. Both Bitcoin and Ethereum ETFs experienced net outflows, while altcoins like Terminal of Truths stood out with notable gains. The U.S. stock indices showed mixed performance, with spot gold slightly rising, and the Fear & Greed Index indicating a state of market greed. Popular tokens such as USUAL, FARTCOIN, and IDOODLES (Doodles Fraction Token) garnered attention in the market. Hyperliquid reached a new trading volume high, the SEC approved new ETFs, and Deutsche Bank predicted that the Federal Reserve would not cut interest rates. MetaMask expanded its payment card pilot, while projects like Kettle Finance secured funding and Plume Network offered airdrop opportunities.

This report summarizes the developments in the blockchain industry from December 16 to December 20. The FASB fair value accounting rules have taken effect, accelerating the era of corporate Bitcoin reserves. MicroStrategy continues to increase its BTC holdings, purchasing 15,350 BTC last week. The U.S. Bitcoin spot ETF market cap has surpassed its gold ETH counterpart. Gate.io ranks fourth globally in 24H spot trading volume. MetaMask is expanding its U.S. pilot program of a crypto payment card, allowing U.S. users to pay directly from their wallets. Recent industry developments demonstrate the growing convergence between Bitcoin's ecosystem and traditional markets, signaling significant potential for future growth.

This week's featured projects include Perena, Nifty Island, Reddio, GoPlus, and Plume Network. Perena focuses on Solana ecosystem liquidity issues, allowing users to earn eligibility for future airdrops through trading; Nifty Island has opened the ISLAND/USDT trading pair, with users able to participate in subscription using GT tokens; Reddio has launched a high-performance parallel EVM testnet, allowing users to participate early by completing social and staking tasks; GoPlus emphasizes Web3 security, with users enhancing asset protection by completing daily tasks; Plume Network focuses on simplifying RWA integration, offering users the chance to experience full ecosystem features through interactive tasks. These projects offer various early participation opportunities and are worth following.

Supra Network provides an extensive array of services and functionalities within its shared security platform. This includes the innovative Distributed Oracle Protocol (DORA), a native vertical integration structure, the Distributed Verifiable Random Function (DVRF), a zero-block delay automated network, AppChain-inspired containers, MultiVM support, and optimized block execution through parallel transaction processing. Furthermore, Supra’s bridging solutions — HyperLoop and HyperNova — position it as the world’s first “IntraLayer” solution, seamlessly connecting multiple blockchains to Supra through logic executed on its smart contract platform.

What is Zircuit? What are the features of Zircuit? What about its tokenomics? How is the ZRC token distributed? Who is behind the Zircuit team? What are the features and architecture of Zircuit? What is a hybrid ZK Rollup?

2024 was a big year for crypto, full of exciting trends and moments that kept the community buzzing. From memecoins making headlines to real-world assets getting tokenized, the year was packed with stories that pushed blockchain into new territory. These top ten narratives capture the energy and innovation driving the crypto world forward.

Gate Research Weekly Review & Outlook: Fed projects two rate cuts in 2025, falling short of market expectations, leading to declines in crypto markets and global stocks. Gate.io ranks fourth globally in 24-hour spot trading volume, up 46.74% from the previous day. HYPE leads the DeFi sector with a 40% increase over the past seven days. Hong Kong's SFC grants licenses to four virtual asset trading platforms through expedited procedures. Clober DEX suffers contract vulnerability attack, losing approximately $500,000. Riot Platforms adds 667 BTC to holdings, bringing total position to $1.8 billion. Metars Genesis token faces major unlock of 10 million tokens next week, investors should monitor closely.

Stablecoins play a crucial role in crypto trading, payments, and savings. Over the past year, several notable stablecoin protocols have emerged, offering yields to holders through real-world U.S. Treasury bonds or hedging strategies. This article provides an analysis of these protocols, exploring their operational mechanisms, audit key points, and regulatory challenges.

USUAL is a decentralized stablecoin issuer that aggregates tokenized real-world assets (RWAs) from entities such as BlackRock, Ondo, Mountain Protocol, M0, and Hashnote, converting them into permissionless, on-chain verifiable, and composable stablecoins (USD0). The project redistributes ownership and governance through the $USUAL token.

"Tokenization" is a fascinating concept. It may seem simple, but whenever something is tokenized, it immediately captures people's attention. This article introduces several segments of tokenization trends, how they have evolved, and potential developments to look for next.

This article explores the combination of the Hypurr Fun ecosystem and Hyperliquid. Hyperliquid’s token listing mechanism uses a Dutch auction, where the token price gradually decreases until a successful bid leads to the token being listed on the spot market. Hypurr Fun, acting as a “crowdfunding” platform, allows users to participate in bidding for token listing spots, primarily through its Telegram Bot or web interface.

This article aims to understand the regulatory policies on cryptocurrency in major countries and regions around the world, including an analysis of responses and challenges to significant events. It explores how to address issues like blockchain anonymity, decentralization, and cross-border regulation to ensure compliance and security.

WatchX is a Web3 smartwatch integrating AI, blockchain, and decentralized applications. It focuses on privacy protection, health management, and multi-chain payment capabilities. Using zero-knowledge proof technology, WatchX safeguards data privacy, while its multi-chain wallet enables payments and data monetization. This approach addresses traditional devices' core limitations and creates economic value for users. As a key member of the IoTeX ecosystem, WatchX is pioneering the evolution of smart wearables toward decentralization and multi-functionality.

LayerEdge is an innovative Layer 2 protocol for Bitcoin that combines the security of Bitcoin's proof of work (PoW) with zero-knowledge proof (ZK) technology. This allows for low-cost and efficient verification of off-chain computations. LayerEdge is not just for financial transactions; it also finds applications in decentralized identity (DID), on-chain gaming, the Internet of Things (IoT), and more. Its goal is to turn Bitcoin into a decentralized supercomputer and to support the growth of the Web3 ecosystem.

This article analyzes the market dynamics in the AI Agent space, focusing on the trend of diversification in AI projects. The author argues that platform-based projects are more attractive because they generate assets continuously, and discusses how project sustainability can be assessed through funding flow and market momentum. Using Max and Alchemist AI as examples, the article highlights how the platform + market business model can enhance token value.