Macro Trends

Gate Research Daily Report: On November 2, the crypto market continued its volatile recovery, with BTC rebounding toward $78,000 and ETH and GT also gaining ground, although the medium-term technical outlook has yet to show a decisive reversal. Capital rotated into tokens such as IDOL, MILADYCULT, and CENT. On the industry front, Binance gradually resumed withdrawals following a security incident but saw substantial net outflows. The FBI attributed the attack to a North Korean hacking group, while THORChain initiated an emergency pause following an Ethereum chain reorganization.

Gate Research Daily Report: On November 2, U.S. stocks weakened sharply amid concerns over AI capital expenditure, while Hong Kong stocks rebounded in consumer and oil and gas sectors. South Korean stocks fell under pressure from foreign investor selling. The crypto market staged a short-term recovery, but ETF outflows continued. Binance gradually resumed withdrawals across multiple chains following the security incident, while the market remained focused on its liquidity and reserve coverage.

Gate Research VIP Daily Report: BTC and ETH fell 2.66% and 4.51%, respectively, breaking key support levels, while GT declined 1.32% amid heightened concerns over exchange security. APEPE, HYPE, and KNTQ gained 15.94%, 10.84%, and 8.43%, respectively, supported by meme trading and decentralized finance narratives. Asset freezes linked to a potential CEX security incident reached $2.54 billion, with stablecoin issuers participating in the response. Polymarket temporarily suspended trading following a third-party security breach, bringing on-chain asset protection and Web3 infrastructure security into focus.

Gate Research Daily Report: Bitcoin fell below $80,000, while Ethereum dropped to a two-month low as security concerns surrounding a major cryptocurrency exchange triggered volatility across digital asset markets. The Nasdaq Composite declined 1.38%, Hong Kong's Hang Seng TECH Index fell 2.84%, and South Korea's KOSPI lost 1.24%. APEPE, HYPE, and KNTQ attracted trading interest amid sector rotation. CEX reported that approximately $2.54 billion in assets linked to a potential security incident had been frozen, with Tether, Circle, and other industry participants assisting in the response. Polymarket also temporarily suspended trading following a third-party security incident, highlighting growing concerns about digital asset custody, stablecoin controls, and Web3 infrastructure security.

Gate Research VIP Daily Report: On October 29, BTC returned above 81,000 USDT, while ETH showed signs of recovery. Total cryptocurrency market capitalization stood at approximately US$2.74 trillion, down 2.24% over 24 hours, as IDOL, MPLX, and ZEUS gained. Robinhood Chain reported US$26 million in first-quarter revenue; a Zcash proposal would adjust the ZCG funding stream; and the CFTC sued Utah, arguing that the state’s enforcement against prediction markets intrudes on its federal regulatory authority over commodity derivatives.

Gate Research Weekly Report: BTC and ETH fell 0.26% and 1.30% over the past seven days, respectively, as high interest rates continued to constrain risk assets. IDOL, MPLX, and ZEUS gained 78.55%, 49.81%, and 35.92% over the past 24 hours, respectively, with the rallies likely driven mainly by capital flows. Robinhood Chain generated $26 million in revenue in its first quarter after mainnet launch, while the company’s crypto revenue declined 55% year over year. The U.S. midterm elections and the CFTC’s lawsuit against Utah highlighted regulatory uncertainty. Ethereum staking reached approximately 44 million ETH, with a non-compounding annualized reward rate of 2.53%. Reported financing for three selected projects totaled approximately $93 million, focusing on AI compute and on-chain compliance, excluding Pearl’s GPU infrastructure fund. M, EIGEN, and SUI ranked as the top three upcoming token unlocks for the next week, totaling approximately $71.5 million.

Gate Research VIP Daily Report: BTC and ETH rose 0.58% and 0.72%, respectively, over the past 24 hours, showing a cautious recovery ahead of the interest rate decision. BTW, SI, and PUFFER gained 46.27%, 28.60%, and 27.00%, respectively, driven by BTCFi, meme, and infrastructure narratives. A UK asset manager launched on-chain shares for a £22 billion liquidity fund and invested £50 million in the initiative. A Bitcoin mining infrastructure company raised $16 million to expand its AI compute brokerage and trading business. A hardware wallet manufacturer destroyed 18,835 devices following a website breach and the theft of authentication keys.

Gate ResearchDaily Report: BTC and ETH rose 0.58% and 0.72%, respectively, over the past 24 hours, showing a cautious recovery ahead of the interest rate decision. BTW, SI, and PUFFER gained 46.27%, 28.60%, and 27.00%, respectively, driven by BTCFi, meme, and infrastructure narratives. A UK asset manager launched on-chain shares for a £22 billion liquidity fund and invested £50 million in the initiative. A Bitcoin mining infrastructure company raised $16 million to expand its AI compute brokerage and trading business. A hardware wallet manufacturer destroyed 18,835 devices following a website breach and the theft of authentication keys.

The market remained under pressure from elevated interest rates and weakening risk appetite, with BTC and ETH falling 2.42% and 3.37%, respectively. U.S. spot BTC ETFs returned to net inflows of approximately $301 million, while ETH ETFs continued to record net outflows of around $221 million. Gate TradFi weekly trading volume rebounded to over $110 billion, with U.S. stocks remaining the core segment, while stronger bid-side support emerged for XAUT at lower price levels. On-chain activity weakened broadly, with DEX trading volume, stablecoin supply, LST TVL, and protocol revenue all declining, while Aave borrowing and interest rates remained stable, indicating active risk reduction rather than liquidity stress. In derivatives, BTC OI declined after a midweek surge, while stronger demand for puts and negative 25D Skew across all maturities indicated continued downside hedging demand, with the market remaining in an orderly deleveraging phase overall.

Cooling conditions in the U.S. housing market and elevated long-term Treasury yields weighed on risk appetite, with BTC and ETH falling 2.38% and 3.34%, respectively, over the week, although both recorded smaller declines than gold. M, STABLE, and ENA ranked among the top performers, gaining 27.22%, 9.43%, and 6.22%, respectively, over the past seven days. Arbitrum recorded net inflows of approximately $579 million, while trading collateral capital saw significant outflows and was reallocated toward stablecoins, bridging, and cross-chain scenarios. Weekly nominal trading volume in prediction markets exceeded $27 billion, with short-duration contracts and combination trades driving on-chain capital toward higher-frequency trading scenarios.

Gate Research Daily Report: On October 26, BTC returned above 80,000 USDT, while ETH remained in recovery. Total cryptocurrency market capitalization stood at approximately US$2.71 trillion, down 1.54% over 24 hours, as Q, TAG and DOOD gained. Hyperliquid and Payward proposed regulated on-chain perpetual futures, subject to regulatory approval; the NBA and CFTC signed a non-binding prediction-market integrity memorandum; and South Korea discussed a fourth delay to virtual-asset income tax, which has not been enacted.

Gate Research Daily Report: On October 26, the crypto market pulled back in the short term, with BTC briefly falling below $80,000 while ETH and GT also came under pressure. Open interest in major crypto futures declined. Capital rotated into tokens such as LMTS, REZ, and BR. Elsewhere, long liquidations expanded across the crypto market, CoinDCX disclosed losses related to its legacy wallet infrastructure, and the European Central Bank advanced preparations for the digital euro pilot.