Topics of Crypto World

Gate Research Daily Report: On May 12, BTC fell 0.31% to 103,850 USDT; ETH dropped 1.44% to 2,500.76 USDT; Sectors such as Meme, Gate ETF, and AI Agent significantly outperformed the market average; Bitcoin dominance declined 3.4% over the past week to 61.9%; The Altcoin Season Index rebounded to 36, a notable increase from the April low; The Federal Reserve’s balance sheet reduction is slowing, with total assets now reduced to $6.7 trillion.

This report aims to provide a comprehensive analysis of the core strengths and challenges in the development of the Sonic ecosystem, benchmarking them against the peak of the Fantom ecosystem. By examining key indicators across multiple dimensions—including competitive landscape, technological advancement, user growth, and ecosystem development—it explores whether Sonic has the potential to replicate Fantom's past success and evaluates its strategic roadmap and risk mitigation approach in the current complex market environment.

Global asset management giant BlackRock plans to put its $150 billion money market fund on-chain through DLT Shares, using blockchain technology to enhance trading efficiency and transparency. DLT Shares will be sold through the Bank of New York Mellon, paving the way for future digital currencies or on-chain derivative products. This move not only signifies a major strategic layout for BlackRock in the blockchain field but also marks a new milestone in the integration of traditional finance and Web3.

Vitalik proposes to simplify the consensus mechanism and virtual machine architecture, so that Ethereum can achieve a protocol simplification similar to Bitcoin's in the next five years, enhancing verifiability and security, while paving the way for ZK scaling and multi-language development.

This report summarizes Web3 fundraising in April 2025, with 94 deals totaling $2.37B. Fundraising activity cooled, capital shifted toward scalable, later-stage projects.

Gate Research Daily Report: On May 13, BTC fell by 2.38% to $101,550, while ETH dropped by 3.49% to $2,425.76. Sectors such as Meme, AI Agent, and RWA experienced broad declines, with altcoins facing a short-term correction. Goldman Sachs postponed its forecast for a Fed rate cut to the end of the year and lowered the probability of a U.S. recession. U.S. SEC Chair Paul Atkins unveiled a new vision for crypto regulation, signaling a shift toward more favorable policies.

Doodles (DOOD) is a community-driven media brand originating from the Ethereum blockchain, initially starting with a series of 10,000 unique hand-drawn character NFTs, and quickly expanding into various fields such as animation, music, games, and offline activities. Through the Doodles 2 platform, NFT customization is achieved, and collaborations with multiple international brands further expand its creative ecosystem.

The alt season has been delayed mainly due to the strengthening of Bitcoin's dominance, macroeconomic contraction, oversupply of altcoins, weakening enthusiasm of retail investors, and regulatory uncertainty. The stability of Bitcoin and institutional favor attract funds, while altcoins are limited by insufficient liquidity and reduced risk appetite. History indicates that the alt season may arrive after Bitcoin stabilizes, and investors need to patiently wait and focus on high-quality projects.

The New York Times investigation revealed that the Trump family closely integrated business interests with political power through the cryptocurrency company WLFI. Controlled by the Trump family, WLFI uses the president's position to promote token sales, attracting domestic and foreign investors, and reaching agreements for mutual benefits with startups. The Trump administration's policy statements often overlap with WLFI's commercial interests, raising questions of conflicts of interest and contributing to the growth of the family's wealth.

On the occasion of the second anniversary of the launch of the Sui mainnet, this article systematically reviews how it has evolved from the early controversial VC chain to one of the most wealth-effective new public chains, and deeply analyzes the successful logic behind its DeFi construction, airdrop strategy, market value management, community culture, and the linkage of ecological projects.

The article delves into the opportunities of Web3 in AI technology stack, including computing power sharing, data privacy protection, model training and inference, as well as exploring how AI empowers the finance, infrastructure, and new narratives of Web3, from decentralized computing power networks to the cold start of AI Agents, from on-chain transaction security to generative NFTs, the integration of AI and Web3 is opening up a new era full of innovation and opportunities.

Gate Research Daily Report: On May 14, BTC rose by 1.91%, currently trading at $103,556; ETH rose by 9.06%, currently at $2,640.55. Meme coins, AI Agent, and Solana ecosystem sectors saw broad gains, with the overall altcoin market rising. PEOPLE, BOME, and SATS led the rally. Trump made his third bullish call on the stock market, and cryptocurrencies surged significantly from recent lows.LetsBonk's 24-hour launch volume is approaching that of Pumpfun, with several tokens exceeding $1 million in market cap.

In April, cryptocurrency prices were significantly impacted by the U.S. government's tariff policies. Following the announcement of new tariffs on April 2, BTC and ETH experienced sharp declines of over 10% within a short period, with a surge in liquidations of long futures positions and significant outflows from spot ETFs. However, as the U.S. government softened its stance and entered tariff negotiations with multiple countries, market confidence gradually recovered. While cryptocurrency prices were notably influenced by U.S. tariff policies, the fundamentals of major blockchain projects remained unaffected. Both before and after the tariff announcement, network activity on Solana and Ethereum stayed robust, with Solana’s trading volume exceeding 90 million and Ethereum’s remaining above 1 million.

The article provides a detailed analysis of Sui's technical characteristics and ecosystem construction, including the trading characteristics, protocol mechanisms, and performance of early builders such as Bluefin, Aftermath, Astros, and Typus Finance. Sui's Perp DEX ecosystem is emerging, but facing competition from mature ecosystems like EVM and Solana, the incentive mechanism may be the key to achieving significant growth.

The AI Agent market is undergoing a transformation, with the Virtuals platform leveraging its Genesis Launch model to successfully attract a large number of traders and speculators through fair launch and gamification mechanisms. The article also explores the development potential of other ecosystems and investment opportunities for institutional investors in decentralized AI infrastructure.