Gate Research Weekly Report: This week, BTC fell back after breaking $110,000, with short-term volatility as the main trend; the ETH/BTC exchange rate saw a slight rebound, with $2,700 acting as a short-term resistance level; Grayscale has launched an AI asset sector, including tokens such as VIRTUAL, KAITO, and AIXBT; Trump Media & Technology Group announced a $2.5 billion Bitcoin vault plan; SOL supply on centralized exchanges decreased to 27.01 million, nearing the lowest point in October 2022; Gate Launchpool has launched ELDE, with a total prize pool of 1,000,000 ELDE tokens.

• Market Commentary: BTC struggled to hold above the $111,000 mark after consecutive breakthroughs, showing signs of volatility and decline. The daily chart displays a long lower shadow, indicating strong buying support below. After BTC reached a historical high, profit-taking may have occurred, leading to a lack of upward momentum in the short term. ETH’s price movement generally followed the market’s volatility, attempting multiple breakouts above $2,700 without effective stabilization. The ETH/BTC exchange rate rebounded briefly before continuing to decline, currently around 0.025, with market share rising to 9.7%.
• Focus of the Week: Grayscale launched an AI asset sector, including tokens like VIRTUAL, KAITO, and AIXBT; Trump Media & Technology Group initiated a $2.5 billion Bitcoin vault plan; Ondo Finance launched an on-chain securities trading platform, supporting public securities trading on Solana.
• Highlighted Data: SUI’s native DEX protocol, Momentum, has surpassed $3 billion in cumulative trading volume; SOL supply on centralized exchanges dropped to 27.01 million, close to the October 2022 low; TRON’s USDT issuance exceeded 77 billion, surpassing Ethereum as the largest USDT issuing public chain.
• Market Opportunities: This week, keep an eye on the new project Elderglade on Gate Launchpool. Elderglade (ELDE) is a significant innovation in the Web3 gaming sector for 2025, integrating AI, NFTs, and blockchain technology to create a deep gameplay fantasy universe, featuring real-time PvP mobile games and an upcoming MMORPG. ELDE is the native token of the Elderglade ecosystem, offering multiple functions such as payments, NFT interactions, staking, and deflation. The current price of ELDE is $0.20, with a circulating market cap of $16.7 million. The project has over 11 million registered players and more than 3.7 million on-chain transactions, demonstrating a strong user base and activity.
• Next Week’s Focus: Next week, the market will experience a concentrated token unlocking event involving SUI, OP, and ENA. Over the next 7 days, SUI will unlock approximately $160 million in tokens linearly, OP will unlock around $25.2 million, and ENA will unlock about $16.5 million. Significant market volatility may occur before and after the unlocks.

Explore this week’s details → Gate Research: Grayscale Launches AI Asset Sector | Trump Media Group Invests $2.5 Billion in Bitcoin Treasury

Gate Research is a comprehensive blockchain and cryptocurrency research platform, providing readers with in-depth content including technical analysis, market insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves significant risks. Users are strongly advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate shall not be liable for any losses or damages arising from such investment decisions.

Gate Team
May 29th, 2025

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