Gate Research Weekly Report: This week, BTC rose and then fell, failing to effectively stabilize above $111,000; ETH broke through the resistance level of $2,700, showing strong performance; AI Meme, Virtuals, and perpetual contract DEX sectors led the gains; Plasma’s $1 billion deposit limit was quickly sold out; Bullish submitted a listing application again; the U.S. Senate passed the procedural vote for the “GENIUS Stablecoin Act.”

• Market Commentary: BTC once again attempted to break through the resistance level of 111,000 USD this week, but was unable to maintain a strong position, currently retreating to around 108,000 USD. It is expected to maintain high-level fluctuations in the short term; ETH performed strongly, breaking through the key resistance level of 2,700 USD, reaching a high of 2,880 USD, with the ETH/BTC exchange rate surpassing 0.0255, and market share increasing to 9.8%; the overall sentiment in the altcoin market is neutral, lacking a collective narrative, and is likely to maintain adjustments and differentiation in the short term.

• This week’s focus: The stablecoin public chain project Plasma has reopened its deposit cap to $1 billion and has quickly sold out. Its combination of Bitcoin sidechains, privacy protection, and stablecoin functionality is expected to become an important financial layer in the Bitcoin ecosystem; the trading platform Bullish has once again submitted a listing application to the SEC, focusing on compliant development, backed by the strong capital reserves and technical background of its parent company Block.one, which is EOS; the U.S. Senate passed the procedural vote for the GENIUS Stablecoin Act, which focuses on stablecoin regulation. If passed, it will promote the application of stablecoins in mainstream payment systems and reduce policy uncertainty.

• Highlight data: AI Meme combines AI technology with meme culture, Virtuals integrates virtual assets with social experiences, and the perpetual contract DEX provides decentralized derivatives trading. These three sectors have increased by approximately 16.3%, 15.2%, and 13.9% respectively over the past 7 days; the Sonic blockchain network has accumulated a total of 102 million transactions, with daily trading volume continuing to grow, its high performance and low cost advantages have been recognized by the market; Uniswap v4 has been online for 4 months, with trading volume surpassing 40 billion dollars, consolidating its industry-leading position through innovative mechanisms and high-performance Layer 2 integration.

• Market Opportunity: This week, pay attention to the new project Fly.trade on Gate Launchpool. Fly.trade is an advanced cross-chain liquidity aggregator that optimizes trading paths and reduces slippage and transaction costs by integrating liquidity pools from multiple blockchain networks. Its smart routing algorithm can analyze market data in real time, providing users with highly competitive prices and fast trade execution.

• Next week focus: Next week the market will see significant unlocks of important tokens, including FTN, ZRO, and ZK. FTN will unlock tokens worth approximately $89 million in the next 7 days; ZRO will unlock tokens worth approximately $56.9 million; ZK will unlock tokens worth approximately $41.82 million. Investors should pay attention to the market performance of the related projects and team dynamics.

Explore this week’s details → Gate Research Institute: Plasma’s $1 Billion Deposit Cap Sells Out Quickly｜U.S. Senate Passes Procedural Vote on GENIUS Stablecoin Act

Gate Research Institute It is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer

Investing in the cryptocurrency market involves high risks. It is recommended that users conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate No liability is assumed for any losses or damages resulting from such investment decisions.

Gate Team
Jun 12th, 2025

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