Topics of Crypto World

The chair of the U.S. Securities and Exchange Commission (SEC) unveiled the next phase of "Project Crypto" in a recent speech: establishing a token classification system based on economic substance and emphasizing the legal logic that investment contracts may be terminated. This marks the entry of cryptocurrency regulation into an "era of clarity."

The article points out that as long-term holders gradually sell and new participants take over, the turnover rate of Bitcoin supply is slowing down, indicating a smoother transfer of ownership.

The article, by analyzing the tokenized basis trading launched by Ethena Labs, highlights a critical turning point for structured products in DeFi and explores how this shift is reshaping the market structure.

The article not only provides an in-depth technical analysis but also explores how market participants are responding in such circumstances, as well as the economic and social impacts of the long-term segmentation of the Bitcoin network.

Joseph Chalom, former Head of Digital Assets at BlackRock, provides insights that reveal Ethereum's advantages in combining trust, security, and liquidity. The article also explores Ethereum's potential to address the rigorous risk management requirements of institutional investors.

Robinhood has made a rare move by investing in Lighter, a perpetuals DEX founded by former Citadel prodigy Vladimir Novakovski. Lighter is reshaping trading logic with its innovative ZK Rollup architecture and a zero-fee, tiered latency mechanism. It also provides dedicated technical circuits for DEXs. Lighter has attracted support from leading investors such as Founders Fund and Haun Ventures. This development signals a potential shift in the perpetuals market landscape.

In October 2025, the total cryptocurrency market capitalization exhibited a “rise-then-fall” pattern, reflecting weak market confidence and a stabilizing trend. Driven by the “BTCFi” narrative, Starknet saw new highs in both capital inflows and on-chain activity, with TVL rising from $170 million at the end of September to $245 million. Prediction markets heated up, with Polymarket and Kalshi recording a combined monthly trading volume exceeding $7 billion. Privacy coins made a strong comeback, with ZEC surging more than 440% for the month and leading the rally. On the funding side, the Web3 sector completed 130 deals totaling $5.12 billion, up 28.43% month-over-month, with total capital raised jumping 104.8% — the second-highest level in nearly a year — with funds primarily flowing into DeFi ($2.15 billion) and core infrastructure.

This week’s recap centers on growing macroeconomic uncertainty and shifting market sentiment. As investors await key U.S. economic data, Bitcoin and Ethereum traded sideways, while major altcoins showed diverging performance. Privacy-focused tokens — including Zcash, Dash, and Decred — gained attention as related narratives strengthened. The report also provides a comprehensive overview of major venture deals, ecosystem developments, and protocol updates, offering a full snapshot of the evolving Web3 landscape.

Gate Research Daily Report: On November 17, BTC remains in a short-term weak downward consolidation structure, with 92,976 USD forming a key short-term low and serving as the core defense for bulls. ETH is also in a short-term weak consolidation pattern but has shown a clear rebound signal after touching the 3,004 USD low. Ethereum spot ETFs recorded a historic third-highest weekly net outflow of 729 million USD. ZEC contract positions surpassed 1.5 billion USD, reaching a record high, with significant increases in privacy network trading activity. Meanwhile, Japan’s regulators plan to reclassify BTC, ETH, and other cryptocurrencies as financial products, potentially reducing tax rates to 20%.

On November 17, BTC remained in a short-term weak downward consolidation structure, with 92,976 USD forming a key short-term low and serving as the core defense for bulls. ETH is also in a short-term weak consolidation pattern but showed a clear rebound signal after touching the 3,004 USD low. GT, after experiencing a sharp decline and reaching a low of 10.51 USD, has gradually shifted from a downward trend to a weak consolidation and stabilization phase. In addition, RESOLV (+44.4%), LIGHT (+49.17%), and KITE (+13.59%) performed strongly, indicating that stablecoins and payment-related assets are once again becoming focal points for market capital. Ethereum spot ETFs recorded a historic third-highest weekly net outflow of 729 million USD. ZEC contract positions surpassed 1.5 billion USD, reaching a record high, with significant increases in privacy network trading activity. Meanwhile, Japanese regulators plan to reclassify BTC, ETH, and other cryptocurrencies as financial products, potentially reducing tax r

Gate Web3 BountyDrop is a one-stop hub that gathers the most popular airdrop projects, offering users a fast-track entry into interactive tasks. Users can easily browse the latest airdrop projects, view project overviews, the interaction process, participation timeframes, and directly access project pages through task links to participate.

This article presents an in-depth analysis of transformation strategies employed by mining companies like IREN, CORZ, and HUT. It highlights how they have utilized existing power infrastructure and data center resources to drive substantial growth in revenue and company valuation.

This article provides a detailed analysis of Tether’s financial performance, the rapid growth of its gold holdings, and its integration across the gold supply chain. It reveals Tether’s vision to build a global financial institution that generates profits from U.S. Treasuries and is primarily backed by gold and Bitcoin.

The article presents comprehensive data and case studies to examine the evolving landscape of Bitcoin, stablecoins, and DeFi. It details how these changes affect market participants.

Grayscale's IPO filing on the New York Stock Exchange marks its entry into US capital markets as a $35 billion leading crypto asset manager. The firm manages more than 40 products and over 45 cryptocurrencies. ETP and ETF assets under management reach roughly $33.9 billion. The IPO will use an Up-C structure, allowing the founding team to retain governance control. While both revenue and profit have seen slight declines, Grayscale's net profit margin remains high at 65%, highlighting the strong net profit margin characteristic of its asset management business.