Finance

In April, the crypto market remained resilient with a strong upward bias, supported by ETF inflows and expectations for future rate cuts. BTC gained approximately 11.9% during the month, while ETH rose around 7.3%. Among Gate Private Wealth quantitative funds, Interstellar Hedge (USDT) delivered a cumulative return of 18.2%. Across all USDT strategies, the average annualized return reached 5.6%, with Stellar Core Smart-Invest (USDT) posting the highest one-year return at 9.5%. Historical maximum drawdowns for most strategies were generally controlled within 0.9%, while Gravity Hedge (USDT) recorded an exceptionally low maximum drawdown of just 0.01%, highlighting strong stability. Meanwhile, Interstellar Hedge (USDT demonstrated the most consistent performance, achieving positive returns across all 22 measured periods with a 100% win rate.

Gate Research Weekly Report: BTC rallied to $82,828 over the past 24 hours before pulling back, with short-term moving averages turning into a bearish divergence. If the daily close holds above $82,000, it would confirm a move into an upward channel. ETH fell sharply from the $2,423 area and showed weaker short-term structure than BTC. The altcoin market remained divided, with about 54.8% of tokens posting gains as capital rotated into AI, RWA, and other clearly defined narratives among new or lower-cap assets. KAIO, LAB, and VVV gained 197.28%, 69.29%, and 20.96% respectively, reflecting continued trading interest in new listings, low-float assets, and privacy AI narratives. Total stablecoin supply stayed near $320 billion, while Ethereum gas fees remained below 0.3 Gwei. A compromise on stablecoin yield provisions, DTCC’s push to bring corporate actions on-chain, and USYC surpassing $3 billion in AUM all reinforced the rise of RWA and regulatory narratives. Over the next seven days,

Gate Research Weekly Report: BTC fell back over the past 24 hours and briefly dropped below $75,000, with FOMC-related volatility and large options expiry amplifying short-term market swings. ETH remained weaker than BTC, as ETF outflows and defensive sentiment continued to weigh on higher-beta assets. The altcoin market stayed in a structural rotation phase, with AI, security infrastructure, and selective thematic tokens showing relative resilience. Meanwhile, Hormuz-related geopolitical risk, stronger oil prices, and the Fed’s steady rate stance pushed risk asset pricing into a three-way game among geopolitics, energy, and interest rates. Solana’s RWA ecosystem TVL climbed to around $2.5 billion, while Ronin announced its migration to Ethereum L2. Over the next seven days, unlock events in SUI, ENA, HYPE, and EIGEN may add short-term supply pressure.

Gate Research Weekly Report:BTC is currently trading near $78,300 after breaking above the $78,000 level and reaching a high of $79,469, while ETH is quoted around $2,366.70 and remains mildly strong after rebounding from recent lows. The altcoin market has entered a high-level structural divergence phase, with CHIP, MDAO, and CORE gaining 130.27%, 168.35%, and 15.32% respectively, as AI infrastructure and BTCFi narratives continue to attract capital. Total stablecoin supply stands at around $320 billion, while Ethereum mainnet gas fees remain below 0.5 Gwei, keeping on-chain interaction costs low. DeFi security pressure has intensified, with losses from exploits exceeding $600 million in the first 18 days of April. Meanwhile, institutional capital has returned, with crypto ETFs attracting about $1.37 billion in weekly inflows. In the coming seven days, H, JUP, and XPL will unlock approximately $130 million, $9.19 million, and $9.05 million worth of tokens respectively, which may intro

Over the past month, on chain capital and data have shown clearer flow direction. The total stablecoin market cap surpassed $320 billion and continued to expand, while RWA scale grew in parallel, with more capital remaining on chain rather than flowing into exchanges. Solana maintained the highest level of transaction activity but slowed in April, while Base and Polygon saw declines in both transactions and active addresses. Ethereum experienced lower activity alongside rising fees. On the event side, the Drift and KelpDAO security incidents triggered large scale capital migration and deleveraging, pushing up mainnet fees and borrowing rates while significantly disturbing cross chain net flows. Arbitrum inflows and related asset freezes were mainly driven by event-based fund movements, leading to a divergence between on-chain data and actual capital preferences. In terms of price, BTC and ETH rebounded significantly and returned to the cost basis range of most holders.

Gate Research Weekly Report: Following the initial wave of volatility, the marketplace has entered a consolidation phase, with BTC trading in a tight range near $74,600. ETH has demonstrated relative strength and is undergoing a period of recovery. Risk appetite has normalized to neutral, though opportunities remain largely structural. In the derivatives market, two-way liquidations persist, leverage continues to be unwound, and capital is rotating into high-volatility zones such as DeSci. The total stablecoin supply remains elevated at around $320 billion, ensuring robust liquidity for the marketplace. Meanwhile, Gate has introduced Pre-IPO products and listed SPCX. On-chain security incidents and mixing activities have heightened risk control focus, and the marketplace is raising its demands for infrastructure security and liquidity quality. In the coming 7 days, approximately $165 million in tokens will be unlocked, with ZRO and SUI representing a significant percentage. Close atten

In March, BTC and ETH exhibited a “decline-then-stabilization” recovery pattern. Institutional allocation remained BTC-centric with ETH as a supplement. BTC ETFs recorded cumulative inflows of approximately $86.8 billion, while ETH ETFs saw around $12.6 billion. Within Gate Private Wealth’s quantitative funds, USDT strategies delivered an average annualized return of 5.7%. Xinghe Smart Investment (USDT) achieved the highest one-year return at 9.5%, while Interstellar Hedging (USDT) recorded a cumulative return of 18.0% with all 21 cycles profitable, achieving a 100% win rate. Gravity Hedging (USDT) maintained a maximum drawdown of just 0.01%, demonstrating strong stability. By the end of March, tensions around the Strait of Hormuz eased marginally, supporting a stable outlook for risk assets.

Gate Research Weekly Report: BTC and ETH pulled back after a spike, shifting into a short-term bearish consolidation; ~$274M in liquidations over 24h with shorts dominant, while the Fear & Greed Index sits around 17, reflecting a defensive stance in capital flows. Amid broad altcoin weakness, privacy and DeFi outperformed, with RSC, STIK, and ARIA emerging as structural leaders. Total stablecoin market cap edged up to ~$315.4B, while Ethereum-based stablecoins hit a record ~$180B; gas fees remain low. MSBT saw ~$34M in inflows on day one, Strategy raised enough to buy over 2,500 BTC, and Canary filed for a PEPE ETF. Focus on U.S.–Iran developments, shifts in risk appetite, upcoming stablecoin regulation, as well as Pharos and GoSats funding and token unlocks including APT.

Gate Research Weekly Report: BTC surged to $69,305 over the past 24 hours before giving back gains and entering a weaker consolidation phase, while ETH continued to show stronger structure than BTC, rebounding to as high as $2,168 with upside momentum easing at elevated levels. The altcoin market remained structurally mixed, with about 51.02% of tokens posting gains, led by the DID and NFT trading sectors. Stablecoin market capitalization rose to $316.3 billion, up by $640 million over the past week, while Ethereum gas fees remained at low levels. The Drift Protocol exploit, confirmation of the BITA ticker, and approval for options on multi-crypto asset commodity trusts further increased market focus on security risks, yield-enhanced ETF products, and the institutionalization of crypto derivatives. In the coming seven days, HYPE, ENA, and OPN are set to unlock approximately $12.00 million, $19.16 million, and $5.52 million worth of tokens respectively, which may introduce short-term su

Gate Research Weekly Report: BTC and ETH remained in high-level consolidation, while stablecoin market capitalization stood at $311.00 billion and Ethereum gas fees stayed at low levels. PRL, DAO, and L3 led gains, as X’s payments push and AI Agent narratives continued to gain traction. In the next seven days, SUI, GUN, JUP, and EIGEN will unlock tokens worth about $41.59 million, $9.59 million, $8.28 million, and $7.33 million, respectively.

In February, BTC declined by approximately 15.5%, while ETH also corrected in tandem. The Crypto Fear & Greed Index fell into the Extreme Fear zone, reflecting a significant rise in market risk-off sentiment. Despite the volatile market environment, the fund portfolio maintained relatively stable overall performance, though short-term returns showed some divergence. Among the strategies, Stellar Core Smart-Invest (USDT) delivered the highest one-year return of 9.5%. Meanwhile, Interstellar Hedge (USDT) and Orbital Arbitrage (USDT) recorded cumulative returns of 18.0% and 17.2%, respectively. Notably, Interstellar Hedge (USDT) achieved positive returns in all 20 cycles during the observation period, resulting in a 100% win rate. Gravity Hedge (USDT) also performed strongly, with a 95% overall win rate.

Gate Research Weekly Report: BTC and ETH maintained weak, volatile performance this week, with market sentiment still in the fear zone. Rising tensions in the Middle East pushed oil prices and stablecoin demand higher, notably increasing USDC demand in the Dubai market. Pump.fun may pursue multi-chain expansion, and leading tokens like ACX, Lobster, and PIXEL posted significant gains. Solana ecosystem capital activity continues to be strong.