TradFi

Crypto IPO Access adds a layer of stablecoin settlement, on-chain accounts, and global distribution on top of the traditional financial infrastructure. Using SpaceX as an example, assuming the same subscription amount, a 3% allocation rate, and an identical lock-up period, the stock gained 19.22% on its first trading day. The return on total subscription capital was approximately 0.54% through a traditional broker, compared with approximately 0.39% through Gate due to its 5% subscription fee. While traditional brokers offer a lower cost per allocated share, crypto platforms improve accessibility through lower minimum subscription thresholds, stablecoin-based funding, and globally accessible accounts. Going forward, the key competitive advantage will lie in consistently securing genuine IPO allocations and delivering them to investors through a transparent, cost-efficient, and legally robust structure.

Last week, markets entered a high-level structural rotation amid increasingly hawkish rate-hike expectations. BTC briefly broke above 81,000 USDT, while BTC and ETH gained 2.10% and 0.59%, respectively. Institutional allocation diverged, with net inflows into BTC ETFs declining to $925 million, while ETH ETF inflows increased to $816 million. Gate TradFi trading volume rose approximately 17% to $123 billion, with capital rotating back toward U.S. equities and ETFs. On-chain activity shifted toward Meme and retail trading, while stablecoin supply increased by approximately $1.7 billion and SOL staking assets significantly outperformed ETH. BTC OI fell to approximately $12.4 billion, while demand for short-dated Puts increased. However, 25D Skew recovered to -3% and DVOL declined to around 37, indicating that leveraged momentum buying was cooling.

In August, global capital markets continued to recover amid weakening employment and growth momentum, although inflationary pressures remained unresolved. Policy expectations shifted from further tightening toward a pause in rate hikes and the prospect of eventual easing. AI and mega-cap technology stocks regained prominence in US equities, while gold, energy, and major crypto assets also attracted renewed investor interest. However, elevated US Treasury yields and geopolitical risks continued to constrain institutional risk appetite. In crypto markets, both spot Bitcoin and Ethereum ETFs recorded sustained net inflows. Bitcoin re-emerged as the core institutional holding, while Ethereum retained its role as a higher-beta allocation. Meanwhile, tokenized equities, Meme trading front ends, and x402 emerged as key on-chain themes. GMGN regained its edge as a leading gateway for Meme trading through its multi-chain coverage, while x402’s high-frequency micropayments provided early validat

Last week, markets entered a high-level structural rotation amid increasingly hawkish rate-hike expectations. BTC briefly broke above 81,000 USDT, while BTC and ETH gained 2.10% and 0.59%, respectively. Institutional allocation diverged, with net inflows into BTC ETFs declining to $925 million, while ETH ETF inflows increased to $816 million. Gate TradFi trading volume rose approximately 17% to $123 billion, with capital rotating back toward U.S. equities and ETFs. On-chain activity shifted toward Meme and retail trading, while stablecoin supply increased by approximately $1.7 billion and SOL staking assets significantly outperformed ETH. BTC OI fell to approximately $12.4 billion, while demand for short-dated Puts increased. However, 25D Skew recovered to -3% and DVOL declined to around 37, indicating that leveraged momentum buying was cooling.

GCRA integrates BTC, ETH, SOL, US equity indices, and leading AI stocks into a unified cross-asset framework. It uses seven-day, 30-day, and 90-day market data to identify trends, volatility expansion, position crowding, and cross-market correlations, then generates target positions through regime scoring, separate trend and crowding signals, volatility targeting, and risk budgeting. Execution is routed across Gate spot markets, perpetual futures, direct stock access, TradFi CFDs, and TradFi Perps according to holding period, trade direction, liquidity, and total cost, including fees, spreads, slippage, funding rates, and overnight charges. Margin limits, drawdown controls, execution monitoring, and model shutdown rules constrain live-trading risk across signal construction, product execution, and risk governance.

BTC and ETH broke through key technical levels, triggering a short squeeze and diverging sharply from U.S. equities. Institutional capital flowed strongly back into crypto ETFs, while TradFi trading activity continued to shift toward equities. Trading activity across ecosystems such as Base and Solana rebounded, with volumes on Aerodrome, Meteora, and Raydium rising sharply. LSTs, Aave borrowing, and stablecoin supply also expanded, indicating renewed on-chain capital deployment into trading, staking, and leveraged strategies. USDC and RLUSD were the primary contributors to stablecoin supply growth. BTC open interest rose to $12.6 billion, while 25D Skew fell to around -5.2% and DVOL climbed to 42–44, indicating that the market maintained medium-term upside exposure while pricing in significantly greater near-term downside risk.

U.S. inflationary pressures eased, shifting the market’s focus toward growth risks, while crypto assets underperformed U.S. equities. BTC and ETH ETFs recorded net inflows of $865 million and $244 million, respectively, signaling a recovery in institutional allocation; Gate TradFi weekly trading volume remained around $115 billion. Weekly DEX trading volume declined 5.2%, although Uniswap V4 and Aerodrome recorded pockets of growth. Robinhood Chain contributed approximately 60% of Uniswap’s weekly protocol revenue, suggesting that capital is increasingly focused on whether trading activity can translate into protocol revenue and other forms of long-term value capture. BTC open interest rose to $12.3 billion while funding rates remained positive. Demand for options-based downside protection increased temporarily, but both Skew and DVOL subsequently normalized, leaving the medium- to long-term market outlook cautiously bullish.

In July, the crypto market continued its cautious recovery, with total market capitalization rebounding to $2.26 trillion, up approximately 7.6% month over month. As some capital shifted back toward stable-yield strategies, total GUSD issuance rose rapidly to approximately 215 million tokens. Gate Dual Investment delivered strong performance, with annualized yields on 0-day BTC Buy Low and Sell High products reaching 95.5% and 113.5%, respectively, outperforming the market averages by 34.4 and 32.6 percentage points. Among quantitative funds, Interstellar Pioneer led with a monthly return of 4.2%, while Interstellar Hedge recorded a cumulative return of 19.1% and maintained a 100% monthly win rate for 25 consecutive months. In terms of stock holdings, SK Hynix and SpaceX ranked as the top two positions, accounting for 59.3% and 15.2%, respectively.

U.S. employment data weakened significantly, reducing expectations for a September rate hike and pushing U.S. Treasury yields lower. BTC and ETH ETFs recorded weekly net inflows of approximately US$865 million and US$244 million, respectively, while Gate’s weekly trading volume approached US$115 billion, reaching a new recent high. On-chain activity shifted from short-lived thematic surges toward structural rotation: PancakeSwap continued to lead Uniswap, while stablecoins, LSTs, and Aave lending expanded moderately as risk appetite improved. Ethereum remained the primary anchor for lending demand, while Monad emerged as the largest source of incremental growth. BTC open interest increased moderately and funding rates remained positive, while options trading showed a bullish bias. The 25D Skew improved from approximately -4 to -6 vol to around -3.6 vol, while DVOL remained low at around 35.

The crypto CFD market is evolving from a mere product extension of crypto derivatives into a competitive phase centered on cross-asset integrated accounts. Platforms are no longer competing solely on leverage and short-term trading volume, but on asset coverage, capital retention, user composition, and cross-market infrastructure. Gate uses USDT as the funding medium to connect CFDs, perpetual contracts, stocks, ETFs, API trading, copy trading, and wealth management into a unified multi-asset ecosystem. By Q2 2026, its CFD offering had expanded to 663 tradable assets, with peak weekly trading volume exceeding $150 billion. The report concludes that Gate’s core breakthrough lies in converting TradFi trading scenarios into stronger account retention and the capacity to attract and retain professional capital.

In July, global capital markets continued their structural recovery amid slowing economic growth, persistent inflation, and prolonged high interest rates. U.S. equities remained driven by the AI theme, but capital became increasingly concentrated in large-cap technology companies with stronger earnings visibility and cash flow, while higher-beta growth stocks and commodity-related sectors experienced greater divergence. Although overall risk appetite improved, institutional investors remained selective in their allocations. Within the crypto market, spot Ethereum ETFs attracted substantially stronger inflows than Bitcoin ETFs, indicating a shift from purely defensive positioning toward relative value allocation among major digital assets. Meanwhile, tokenized stocks, Robinhood Chain, and prediction markets emerged as the key themes in on-chain finance. Centralized exchanges, brokerage platforms, and public blockchains competed for liquidity and user distribution, with Robinhood Chain l

Risks of a Fed rate hike and concerns over stagflation intensified. BTC fell 2.8% over the week, while ETH declined 3.56%, and BTC ETFs shifted back to net outflows. Gate TradFi trading volume approached $100 billion, with equity trading activity increasingly concentrated in U.S. and South Korean stocks. PancakeSwap trading volume rose to approximately $16.0 billion, surpassing Uniswap, while Robinhood Chain, RWA-related activity, and PUMP ecosystem meme tokens emerged as key sources of short-term trading flows. Stablecoin supply for USDG, RLUSD, and several others expanded against the broader trend. The LST sector broadly pulled back, although ETH staking assets showed relative resilience, while Aave lending activity was supported by Ethereum, Plasma, and Monad. BTC open interest declined from above $22.5 billion to around $22.0 billion, while funding rates remained positive. In the options market, 25D Skew weakened again as demand for downside protection recovered, while DVOL fell to