Macro Trends

One of the challenges Ethereum faces is the growing historical data bloat and protocol complexity over time. The primary goals of The Purge are to reduce client storage requirements by minimizing or eliminating the need for each node to permanently store all historical records, and even the final state; and to reduce protocol complexity by removing unnecessary features.

Gate Research Daily Report (November 6): BTC's price rose by 8.9% to $74,284, while ETH's price increased by 7% to $2,590. Donald Trump's election as the 47th U.S. president is widely perceived as positive news for cryptocurrencies, prompting a strong market rally. DOGE saw a daily increase of approximately 24.63%, with growing attention on Trump and Elon Musk’s ongoing engagement boosting community interest and driving up its price. The ETH to BTC market cap ratio has dropped to 24.52%, its lowest since April 2021. Gate.com, Binance, OKX, and Coinbase are among the exchanges listed in Asia Fintech Innovators.

BTC and ETH prices experienced a decline over the weekend, with BTC dropping below $70,000. The S&P 500 index rose by 0.41%, the Nasdaq increased by 0.80%, and the Dow Jones gained 0.69%. In the U.S., Bitcoin and Ethereum spot ETFs saw net outflows of $54.94 million and $10.93 million, respectively. Bitcoin's market share reached 60.5%, marking a nearly three-year high. Radiant Capital has resumed its lending market on the Base network. Between November 1 and 4, three projects announced funding, totaling over $9 million.

Local virtual asset service providers (VASP) have formed a self-regulatory organization, and the government has eased its stance on blockchain technology. Major corporations are now adopting blockchain, which is driving market growth. This report examines trends in Taiwan’s Web3 market and explores whether Taiwan can genuinely become a “blockchain island.”

Despite challenges in the past, DePin has demonstrated why, as an abstract idea, it can quickly build out powerful networks. The demand side has been tough, but this is something that good execution and useful products solve in a meaningful way.

In this article, we’ll dive into the features and concerns of newly launched stablecoins, and how they differ from existing stablecoins. We will also analyze the growth potential of the stablecoin market compared to the traditional foreign exchange market.

Gate Research’s weekly report: BTC and ETH showed strong performance this week, rising by 8.53% and 5.30%, respectively. The Hong Kong Monetary Authority is collaborating with the central banks of Brazil and Thailand on cross-border tokenization projects. The New York Stock Exchange has submitted Rule 8.800-E change and Grayscale Digital Large Cap Fund listing application to the US SEC. Lido V3's lending volume has exceeded $1 billion. sUSD was well-received by the market upon launch, with deposits surpassing $10 million within the first hour. This week, a total of 16 projects announced funding, raising a combined $110 million, covering various fields including infrastructure, DeFi, and gaming applications.

This article explores the convergence of cryptocurrency and artificial intelligence and its impact on future technological development. While cryptocurrency and blockchain technology are not essential to every layer of the AI tech stack, they can play a key role in areas such as distributed capabilities, verification, censorship resistance, and native payment channels.

Bitcoin’s price dropped 2.84% over the past 24 hours to $70,303, facing potential short-term resistance at $69,500 as bulls and bears contend for control. MicroStrategy announced a significant $42 billion Bitcoin investment plan to expand its reserves. Meanwhile, the U.S. Treasury suggested replacing stablecoins with a central bank digital currency (CBDC) to enhance stability. Canary Capital applied for a Solana spot ETF, joining traditional financial firms in expanding crypto offerings. Additionally, USDT circulation surpassed $120 billion, up 30% since the beginning of the year, reflecting strong demand.

Gate Research Daily Report (October 29): In the past 24 hours, BTC has increased by 2.84%, approaching the $72,000 resistance level. The Total Value Locked (TVL) on Solana’s decentralized exchange Jupiter has reached a new high, and the market capitalization of Liquid Staking Tokens (LSTs) has exceeded $5 billion. Base protocol fees have surpassed $23 million. Phantom wallet experienced a temporary outage due to the Grass airdrop, and Circle has released a privacy framework for ERC-20 tokens. Additionally, Elon Musk’s PAC activities are now facing a lawsuit.

Beyond examining GameFi genres like RPGs and Action and the increased magnitude of GameFi financially and socially, this report also explores comparative metrics across the top games and chains.

In the past 24 hours, Bitcoin rose by 3.99%, reaching $72,738, while Ethereum increased by 2.79%, now at $2,639. In U.S. markets, the S&P 500 gained 0.16%, the Nasdaq rose 0.98%, and the Dow Jones dropped 0.36%. U.S. Bitcoin and Ethereum spot ETFs saw net inflows of $870 million and $7.65 million, respectively. Total open interest for Bitcoin futures globally surpassed $43 billion, marking a record high. Circle also announced a new fee structure for large USDC redemptions, charging between 0.03% and 0.1% for redemptions exceeding $15 million to mitigate revenue pressures.

GameFi has long been a strong bet for driving adoption. However, over time, the bottlenecks have become more apparent. Here's my summary of Delphi's "Mid Year Gaming Review" report.

On October 28, the price of BTC increased by 0.91% over the past 24 hours, currently standing at $67,789, while ETH dropped by 0.23% to $2,476. The S&P 500 index fell by 0.03%, the Nasdaq rose by 0.56%, and the Dow Jones declined by 0.61%. Since July 1, Farcaster’s cumulative revenue has exceeded $2 million, but it grew by only $340,000 in the past four months, reaching $2.34 million. On October 26, the Layer 2 network Base saw single-day stablecoin trading volume surpass $18.1 billion. On October 24, tokens issued by Pump.fun recorded daily trading volumes exceeding $2 billion on the Solana DEX.

This article explores the ongoing innovation and competition within the re-staking ecosystem, suggesting that the ecosystem may undergo significant changes in the coming years, revealing more innovations and opportunities.