TL;DR

• Over the past 24 hours, BTC has risen by 3.93%, showing signs of a bottoming rebound. ETH has increased by 3.31%, continuing its upward trend.
• The TVL of RWA (Real-World Assets) has surpassed $8.2 billion, setting a new all-time high.
• On-chain DEX trading volume on Solana has exceeded $100 billion, maintaining its leading position.
• Gate Group has acquired Coin Master, marking its official entry into the Japanese market.
• MicroStrategy plans to significantly expand its equity to support its Bitcoin strategy, increasing its Class A shares to $10.3 billion.

Market Analysis

According to Gate.io market data, as of 4:00 AM (UTC+0) on December 25[1]:

• BTC — The price of BTC has risen by 3.93% over the past 24 hours, currently at $98,144. The highest price within the past 24 hours reached $99,432, while the lowest was $93,556. After experiencing slight fluctuations, BTC has entered a rebound phase, with the current price approaching the key resistance level of $99,000. If this resistance level is breached and the price stabilizes above it, the ongoing correction trend could potentially come to an end. In the short term, the support level is around $92,600; if this level is breached, further corrections may occur. Market sentiment remains relatively positive, and it is worth monitoring whether BTC can break into a higher price range.[2]

• ETH — The price of ETH has risen by 3.31% over the past 24 hours, currently at $3,488. The highest price in the past 24 hours reached $3,538, while the lowest was $3,357.50. ETH remains in an upward trend, with its price nearing a key resistance level at $3,540. If this level is breached and ETH stabilizes above $3,540, it could mark the end of the current correction trend. In the short term, the support level is around $3,451; a drop below this level may lead to further adjustments. Overall, market sentiment is relatively positive, and investors should monitor whether the price can break into a higher range.[3]

• ETF — According to data from Farside Investors, on December 24, Bitcoin spot ETFs saw a net outflow of $338 million, while Ethereum spot ETFs recorded a net inflow of $53.6 million. [4]
• Altcoins — The Virtuals Protocol Ecosystem, Artificial Intelligence (AI), and Pump.fun Ecosystem sectors rose by 34.3%, 29%, and 19.5%, respectively. [5]
• U.S. Stock Market Indices — The S&P 500 Index increased by 1.10%, the Nasdaq Index rose by 1.35%, and the Dow Jones Index gained 0.91%. [6]
• Spot Gold — The price of spot gold reached $2,617 per ounce, up 0.17% on the day. [7]
• Fear & Greed Index — The Fear & Greed Index increased from 70 yesterday to 73, indicating that the market remains in a state of greed. [8]

Top Performers

According to Gate.io market data, based on the trading volume and price performance over the past 24 hours, the top-performing altcoins are as follows:

PHA — Single-day gain of approximately 71.6%, with a circulating market capitalization of $161 million.
Phala Network is a decentralized platform focused on Web3 shared cloud services, utilizing Secure Enclave technology for distributed computing to ensure data confidentiality and reliability.
The recent surge is largely attributed to market attention on its secure and highly scalable cloud services. Phala’s innovation in addressing the dependency issues of traditional cloud platform data centers has attracted an increasing number of developers and enterprise users. This has not only accelerated ecosystem expansion but also significantly boosted market sentiment, driving its value upward.[9]

FARTCOIN — Single-day gain of approximately 55.8%, with a circulating market capitalization of $1.001 billion.
Fartcoin is an AI-driven project leveraging the “Terminal of Truth,” featuring a unique dialogue mechanism that allows users to watch two AIs discuss topics and explore the limits of AI performance.
The recent price surge is due to widespread attention on its innovative dialogue model. Community activities and incentive programs have further increased the project’s visibility. Market expectations for its potential in pushing AI boundaries remain high, driving a sharp rise in the token’s price. [10]

SAROS — Single-day gain of approximately 50.1%, with a circulating market capitalization of $54.87 million.
Saros is a comprehensive Web3 application on Solana, designed to integrate features like identity (ID), payments, and decentralized IoT (DePIN) to enhance the user ecosystem experience.
Its strategic direction has expanded from DEX to broader mobile consumer scenarios. The recent launch of updated Swap functionality and improved user interface has spurred market interest. Additionally, Saros’ strategic positioning within the Solana ecosystem has provided significant support for its token’s value. [11]

Data Highlights

RWA TVL Surpasses $8.2 Billion, Setting a New Record
According to data from DeFiLlama, the total value locked (TVL) in Real World Assets (RWA) surpassed $8.2 billion on December 24, reaching an all-time high. This milestone highlights the growing significance of RWA within the decentralized finance (DeFi) sector. Over the past three years, its TVL has grown 58-fold, demonstrating strong market demand and increasing interest from investors.

The rise of RWA not only introduces new investment opportunities to the blockchain ecosystem but also advances the tokenization of traditional financial assets. As more financial institutions enter this market, RWA has the potential to attract a greater influx of users and capital. However, the market still faces challenges, including regulatory uncertainty and integration issues, which may affect its future growth. While RWA shows immense growth potential, its development will depend heavily on regulatory developments and market dynamics. [12]

Solana DEX Volume Surpasses $100 Billion
Data shows that the trading volume of decentralized exchanges (DEX) on the Solana blockchain has exceeded $100 billion for two consecutive months. This reflects the vibrancy of the Solana ecosystem and robust market demand, particularly driven by increased retail interest in meme coin trading.

This growth not only highlights Solana’s technological advantages but also underscores its strong appeal within the decentralized finance (DeFi) sector, maintaining its lead over other blockchain networks. As the Solana ecosystem continues to evolve, this achievement is expected to further solidify its position in the DeFi market and attract more developers and users to join. [13]

Base Network’s Active Addresses Surge Over 40-Fold Year-to-Date
According to Artemis data, the daily active addresses on the Base Network have grown approximately 40-fold in 2024, increasing from 68,000 at the beginning of the year to the current 2.7 million. This rapid rise highlights Base Network’s success in attracting users and developers, showcasing its growing maturity and recognition within the blockchain ecosystem.

The significant increase in activity suggests that Base is well-positioned to become a key player among decentralized platforms, laying a solid foundation for wider blockchain technology adoption. [14]

Spotlight Analysis

Gate Group Acquires Coin Master, Officially Enters the Japanese Market
Gate Group recently announced the acquisition of Japanese cryptocurrency service provider Coin Master Co., Ltd. through its Singapore-based entity, Gate Information Pte. Ltd., rebranding it as Gate Japan KK. This acquisition marks Gate Group’s official entry into the Japanese market and further expands its influence in the global digital asset industry.

Previously, Gate.io announced it would halt new account openings for Japanese users and gradually cease global services. This acquisition enables Gate Group to provide a localized digital asset trading platform for Japanese users while complying with local laws and regulations.

As Japan’s importance in the global digital asset market grows, its improving regulatory framework presents new opportunities for the industry. The acquisition of Coin Master Co., Ltd. strengthens Gate Group’s compliance operations in Japan and leverages global technology and resources to deliver innovative services to Japanese users. This strategic move is expected to enhance Gate Japan’s localized offerings, improve user experiences, and contribute to the healthy development of the digital asset industry. [15]

MicroStrategy Plans Significant Stock Expansion to Support Bitcoin Strategy, Class A Shares to Increase to 10.3 Billion
MicroStrategy has announced plans for a special shareholder meeting to review several major proposals, including increasing the authorized number of Class A common shares from 330 million to 10.3 billion and the authorized number of preferred shares from 5 million to 1.005 billion. These adjustments aim to support its ambitious “21/21 Plan,” which seeks to raise $42 billion in capital over three years through stock issuance and convertible bonds to continue purchasing Bitcoin.

The company has already made significant progress in acquiring Bitcoin via market operations, solidifying its identity as a “Bitcoin treasury company.”

This stock expansion plan could have profound implications for the Bitcoin market. An enlarged capital base would allow MicroStrategy to aggressively accumulate more Bitcoin, potentially strengthening market demand, especially during periods of low liquidity. However, it may also raise concerns about Bitcoin price volatility if MicroStrategy needs to liquidate or adjust its strategy. Additionally, the large-scale stock issuance may lead to internal equity dilution, prompting some investors to question the company’s long-term financial stability. Shareholders will need to carefully evaluate the dual impact on capital structure and the Bitcoin ecosystem before deciding on the proposal. [16]

Sahara AI Unveils 2024-2025 Roadmap to Advance Decentralized AI Ecosystem
Decentralized AI blockchain platform Sahara AI recently revealed its 2024-2025 roadmap, outlining critical milestones such as the launch of a testnet, AI marketplace, and mainnet. In December 2024, the platform plans to roll out its first testnet and data service platform, enabling users to earn rewards through data collection, labeling, and refinement tasks. This initiative aims to lower development barriers and engage more non-technical users in building the AI ecosystem.

In Q1 2025, Sahara AI will launch an AI marketplace, providing developers with an end-to-end service for model training and deployment while expanding the data service platform to optimize model development workflows. Q2 will introduce Sahara Studio, a comprehensive suite of AI development tools to help developers construct and manage complex model workflows. By Q3 2025, the Sahara Chain mainnet will go live, offering secure and transparent on-chain infrastructure for large-scale decentralized AI.

As a key player in the decentralized AI ecosystem, Sahara AI’s roadmap reflects its vision to create a fair and open AI ecosystem. These phased initiatives could accelerate AI adoption and disrupt the existing AI market structure. Amid the ongoing transition of AI development from centralized to distributed models, Sahara AI offers new opportunities for small and medium-sized developers while facing technical challenges in on-chain performance and security. The platform’s success will ultimately depend on whether its mainnet and AI marketplace achieve widespread adoption. [17]

Funding News

According to RootData, three projects publicly announced funding rounds in the past 24 hours, with undisclosed amounts. The projects span the Creator Economy, CeFi, and DeFi sectors: [18]

MelosBoom — MelosBoom completed a strategic funding round with participation from LBank Labs. MelosBoom is a decentralized music-based physical infrastructure network featuring an AI-driven “listen-to-earn” system.

EYWA — The cross-chain DeFi protocol EYWA announced its latest funding round on platform X, with participation from 1inch co-founders and Kenetic Fund. The exact amount remains undisclosed. EYWA is a decentralized protocol for cross-chain data and liquidity transfer, built on Curve. It creates a unified cross-chain liquidity market by aggregating existing Curve pools.

Coin Master — Gate Group, through its Singapore entity Gate Japan KK, successfully acquired Japanese cryptocurrency service provider Coin Master Co., Ltd., rebranding it as Gate Japan KK. This acquisition aims to establish a locally compliant digital asset trading platform to meet the needs of Japanese users. It also strengthens Gate Group’s local operations, drives global business growth, and enhances the user trading experience.

Airdrop Opportunities

Gasp

Gasp is a Layer 2 protocol built on EigenLayer, focused on establishing a cross-chain asset network for cryptocurrencies. The project aims to enhance asset liquidity and user experience through gas-free transactions and a modular framework. Gasp has launched its Alpha version along with its first DEX and announced an airdrop plan for its GASP token, inviting community participation. [19]

How to Participate:

1. Purchase GASP tokens via USDT through the community pool. [20]
2. Engage in trading and liquidity provision activities on the Gasp DEX.
3. Complete tasks on Galxe.
4. Hold MGX or Cling NFTs to qualify for distribution.
5. Follow Gasp’s official social media channels for the latest airdrop updates.

Notes
The airdrop plan and participation methods may be updated at any time. Users are advised to stay informed by following Gasp’s official channels. Additionally, participants should exercise caution, assess risks carefully, and conduct thorough research before participating. Gate.io does not guarantee the subsequent issuance of airdrop rewards.


Reference:

1. Gate.io, https://www.gate.io/price
2. Gate.io, https://www.gate.io/trade/BTC_USDT
3. Gate.io, https://www.gate.io/trade/ETH_USDT
4. Farside Investors，https://farside.co.uk/btc/
5. Coingecko, https://www.coingecko.com/en/categories
6. Investing, https://investing.com/indices/usa-indices
7. Investing, https://investing.com/currencies/xau-usd
8. Gate.io, https://www.gate.io/bigdata/homeindex
9. Gate.io，https://www.gate.io/trade/PHA_USDT
10. Gate.io，https://www.gate.io/trade/FARTCOIN_USDT
11. Gate.io，https://www.gate.io/trade/SAROS_USDT
12. DeFiLlama，https://defillama.com/protocols/RWA
13. DeFiLlama，https://defillama.com/dexs/chains
14. Artemis，https://app.artemis.xyz/project/base?tab=fundamentals
15. Gate.io，https://www.gate.io/zh
16. SEC，https://www.sec.gov/Archives/edgar/data/1050446/000114036124050281/ny20039908x1_pre14a.htm
17. X，https://x.com/SaharaLabsAI/status/1871471425988464743
18. Rootdata, https://www.rootdata.com/Fundraising1.
19. X，https://x.com/Gasp_xyz/status/1869086298876829790
20. Gasp，https://app.gasp.xyz/

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