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Gate Research Daily: On December 20th, BTC and ETH oscillated downwards, with stable market sentiment. There was a net outflow of funds for BTC and ETH ETFs, while Terminal of Truths performed well in the AltCoinzone. The US stock index fluctuated, Spot gold rose slightly, and the Fear and Greed Index showed market greed. USUAL, FARTCOIN, and VVAIFU became popular tokens, with rising demand for Web3 games and BTC. Hyperliquid volume reached a new high, a new ETF was approved by the SEC, Deutsche Bank predicted that the Fed would not cut interest rates, and MetaMask extended its payment card pilot. Projects such as Kettle Finance received funding, and Plume Network offered an Airdrop opportunity.

Gate Research Institute Daily Report: BTC and ETH fluctuated downward on December 20th, and market sentiment remained stable. BTC and ETH ETFs saw net outflows of funds, while Terminal of Truths and other AltCoinzone performed well. U.S. stock indexes fluctuated, spot gold rose slightly, and the fear and greed index showed market greed. USUAL, FARTCOIN, and VVAIFU became popular tokens, Web3 games and BTC demand rose. Hyperliquid volume reached a new high, SEC approved a new ETF, Deutsche Bank predicted that the Fed would not cut interest rates, and MetaMask extended its pilot program for payment cards. Projects such as Kettle Finance received funding, and Plume Network provided Airdrop opportunities.

This report summarizes the blockchain industry dynamics from December 16th to December 20th. FASB introduces BTC fair value accounting rules, helping companies adopt acceleration; MicroStrategy increases its holdings of 15,350 BTC, demonstrating long-term confidence in encryption assets; the US BTC Spot ETF surpasses the gold ETF in scale, marking the challenge of encryption assets to TradFi; Gate.io is the fourth largest in the world in 24-hour Spot volume, with a transaction volume of 82.74 billion US dollars; MetaMask expands the pilot of encryption payment cards, allowing US users to make payments through Wallet. The industry dynamics show the integration of BTC ecology and traditional markets, with enormous potential in the future.

This week's featured projects include Perena, Nifty Island, Reddio, GoPlus, and Plume Network. Perena focuses on Solana ecosystem Liquidity issues, and users can obtain future Airdrop eligibility through trading. Nifty Island opens ISLAND/USDT trading, and users can participate through GT subscription. Reddio launches a high-performance parallel EVM testnet, and users can participate early by completing social and stake tasks. GoPlus emphasizes Web3 security, and users can enhance asset protection by completing daily tasks. Plume Network focuses on simplifying RWA, and users can experience the full ecosystem functionality through interactive tasks. These projects provide users with various early participation opportunities and are worth following.

Gate Research Institute Weekly Report: The Federal Reserve is expected to cut interest rates twice in 2025, which is lower than market expectations, causing a decline in the encryption market and global stock markets. Gate's 24-hour Spot volume ranks fourth in the world, with an increase of 46.74% compared to the previous day. HYPE has pumped 40% in the past seven days, leading the Decentralized Finance zone. The Hong Kong Securities and Futures Commission has issued licenses to four virtual asset trading platforms through a fast-track program. Clober DEX suffered a contract vulnerability attack, losing about $500,000. Riot Platforms increased their holdings by 667 BTC, with a total position of $1.8 billion. Metars Genesis Token will be unlocked in large quantities next week, with 10 million tokens, and investors need to follow closely.

gate Research Institute Daily: On December 18th, BTC price rose 0.08% in the past 24 hours, while ETH price fell 2.33% in the past 24 hours. Ethena TVL has surpassed $6 billion, reaching a new all-time high. Ohio proposes BTC reserve legislation, suggesting the establishment of a BTC reserve fund by the state government. The size of the US BTCSpot ETF has surpassed its gold ETF. TON Foundation and EVAA Protocol have launched a Decentralized Finance incentive program, with 100,000 TON Tokens boosting the ecosystem's growth. gate has launched the Hunt for Coins Program #1, where trading popular coins such as VANA and MOCA can win $15,000.

Gate Research Institute Daily Report: On December 16th, BTC rose by 2.85% in the past 24 hours, with the current price at $10,4615.7, continuing to hit a historical high. ETH ETF had a net inflow of $855 million last week, reaching a historical high for a single week. The Hyperliquid Network TVL reached $4.401 billion, surpassing the Base Network. Pump.fun has earned over $300 million in cumulative revenue, with a total issuanceToken of approximately 4.67 million. The implementation of FASB fair value accounting rules accelerates the era of enterprise BTC reserves. DWF Labs partners with the Abu Dhabi Blockchain Center to promote the development of the MENA region's Web3 ecology.

Gate Research Institute Daily Report: On December 13th, BTC fell by 1.10% within 24 hours, with a highest price of $102,503 and now trading at $99,994. AltCoinzone such as RWA, Oracle, Lending/Borrowing Protocols pumped by 18.3%, 17.6%, and 10.7% respectively. US PPI and initial jobless claims data exceeded expectations, with a 96.7% probability of a 25 basis point rate cut in December. Grayscale launched Optimism and Lido Trust Funds. Republican representatives in Texas submitted a bill to establish a strategic reserve of BTC. The Trump family's encryption project is increasing their layout in Decentralized Finance by increasing holdings of ETH, AAVE, and LINK. Avalanche Foundation announced that it has raised $250 million for its blockchain platform through private sale Token sales.

This report summarizes the blockchain industry dynamics from December 09 to December 13. The TVL of liquid staking protocol reached 70.9 billion US dollars, with Lido leading the market. Circle will launch CCTP V2 in 2025 to improve the efficiency of Cross-Chain Interaction stablecoin transactions. Magic Eden launched the $ME Airdrop, which received a warm market response. Riot Platforms completed a $525 million financing and increased its BTC holdings. Grayscale launched Lido and Optimism trust funds, attracting investors to follow the Ethereum ecosystem. These dynamics reflect the continuous innovation and development of the blockchain industry.

This week's selected Airdrop projects include Talus Network, Over Protocol, Magic Eden, Vana, and Xterio. Talus Network launched the 'Magic Season' event, where completing tasks can earn points; Over Protocol will start the Airdrop on December 16th, and users can obtain Tokens through task participation; Magic Eden announced the upcoming $ME Airdrop application, with evaluation criteria including Cross-Chain Interaction activities and loyalty; Vana will conduct a Token Airdrop, and users can obtain Tokens by completing interactive tasks; Xterio has launched the $XTER points reward program, where users can earn points through tasks and exchange for future Airdrop benefits. These projects provide users with various early participation opportunities.

Summary

Paxos and DBS Bank launch Singapore compliant stablecoin USDG
Cryptocurrency asset management company 21Shares applies for XRP ETF
On November 7, the Fed cut interest rates by 25 basis points
There is a possibility of a merger between Truth Social, a social platform owned by Trump, and Xuan.
Bitcoin national reserve proposed for the first time legislation
IBIT options trading officially launched on November 19th.
Trump's company is in deep negotiations for the acquisition of Bakkt.
SEC Chairman Gary Gensler announced his resignation on January 20th.
CBOE will launch the first spot Bitcoin ETF index options on December 2nd.
Global ETF provider WisdomTree has registered XRP in the state of Delaware, USA

Summary

BTC encountered resistance in its rise this week, with prices fluctuating around $100,000.
This week, the total inflow of ETH ETF reached a new record of 698 million US dollars, with BlackRock increasing its holdings of ETH by 500 million US dollars.
AI Meme leads the way in the altcoin sector, with ELIZA and ai16z rising by 80.33% and 45.17% respectively.
Riot Platforms completed a $525 million financing, further enhancing its Bitcoin acquisition plan.
The number of active wallet addresses worldwide has exceeded 400 million, and the popularization of cryptocurrency assets is steadily advancing.
Gaming infrastructure and publisher Xterio launches large-scale $XTER reward program.

Market Interpretation

Market Review

BTC Market - In the past 7 days, Bitcoin price has risen cumulatively

Summary

BTC encountered resistance in its rise this week, with prices fluctuating around $100,000.
This week, the total inflow of ETH ETF reached a new record of 698 million US dollars, with BlackRock increasing its holdings of ETH by 500 million US dollars.
AI Meme leads the way in the altcoin sector, with ELIZA and ai16z rising by 80.33% and 45.17% respectively.
Riot Platforms completed a $525 million financing, further enhancing its Bitcoin acquisition plan.
The number of active wallet addresses worldwide has exceeded 400 million, and the popularization of cryptocurrency assets is steadily advancing.
Gaming infrastructure and publisher Xterio launches large-scale $XTER reward program.

Market Interpretation

Market Review

BTC Market - In the past 7 days, Bitcoin price has risen cumulatively

Summary of key points

The pop culture impact of Memecoin: As a "traffic password" in the cryptocurrency market, Memecoin represents the transformation of the cryptocurrency industry from infrastructure to cultural phenomenon. Memecoin has attracted a large user base, especially in the context of social hot events such as the US election. The emergence of Memecoins like BOME, MAGA, and GOAT has made them a hot topic in the market.

The role of technological innovation and community power: The rise of Memecoin is not accidental. It is the product of community development and technological progress. Memecoin has evolved from a network meme to a digital asset with investment potential, driven by both technological iteration and community expansion.

The relationship between Memecoin and market capital inflows: investors to Memecoin

Summary

In November 2024, the Web3 industry completed a total of 121 financing deals with a total financing amount of $1.76 billion, a year-on-year decrease of 28.45%.
In November, financing methods became more diverse, with MARA successfully financing through the issuance of convertible bonds, and OG Labs using innovative methods such as seed rounds + token purchase commitments.
Blockchain services and public chain tracks have become hotspots for financing, with blockchain services leading the way with a financing amount of $1.11 billion, followed closely by the public chain track, which raised $356 million in financing.
The financing scale is mainly distributed in the range of 3-10 million USD and 1-3 million USD, accounting for 37.68% and 24.64% respectively.
Seed rounds and Pre-Seed rounds are the most active in terms of financing, with the highest proportion of financing amount for seed rounds and Series A rounds.

Summary

The BTC price is currently in a short-term downward trend, while ETH is currently below MA5, MA10, and MA30.
BTC and ETH market sentiment is stable but bearish, with overall liquidation focused on long positions.
The ETH ETF's Ethereum position has exceeded the lock-up volume of Layer 2, reflecting the growth of institutional market influence.
Magic Eden $ME airdrop started, and the market responded enthusiastically. The NFT sector may rise against the trend due to the linkage effect.
Microsoft shareholders vote down proposal to invest in Bitcoin.
El Salvador and Argentina signed an agreement to promote the development of the cryptocurrency industry.

Market Review

According to the market data of Gate.io, as of December 11, 4:00 (UTC+0) [1]:

BTC - The BTC price has dropped in the past 24 hours.

Summary

BTC price has shown a fluctuating trend in the past two days, with a 3.29% decrease in the past 24 hours, and fierce competition between long and short positions.
Altcoins are generally down, with Layer2, Decentralized Finance, and Meme zone experiencing a decline of more than 10%.
The total amount of Get Liquidated on the entire network reached 1.79 billion US dollars, and the amount of long order Get Liquidated was 1.62 billion US dollars.
Russian lawmakers propose establishing a national BTC reserve to counter economic sanctions.
BTC lending platform Lava completes $10 million Series A financing.
Magic Eden will open Airdrop claim on December 10th.

Market Commentary

According to gate market data, as of 4:00 on December 10 (UTC+0) [1]:

BTC - BTC price has fallen in the past 24 hours

Summary

BitcoinSpot ETF total net inflow of 3.77 billion US dollars, EthereumSpot ETF total net inflow of 83.76 million US dollars.
The altcoin season may have arrived, with the market capitalization of cryptocurrencies other than BTC and ETH rising to 33%.
Liquiditystakeprotocol TVL reached $709 billion, with Lido taking the lead.
Over the weekend, zones such as Cat-Themed, Privacy Coins, and The Boy’s Club have changed by +7.0%, +6.2%, and +4.2% respectively.
Trump: No plans to replace Federal Reserve Chairman Powell, probability of another Fed rate cut in December exceeds 83%.
Interlace has completed a $10 million B1 round of financing, led by Bitrock Capital and Robinhood.