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Gate Research Daily Report: On July 14, the crypto market shifted from recovery to correction. Both BTC and ETH moved lower, while the Fear & Greed Index stood at 28 (Fear), reflecting continued cautious risk appetite among investors. In terms of top performers, ALLO (+23.85%), VELVET (+21.49%), and ZBT (+21.32%) led the gains, representing AI infrastructure, on-chain asset management, and privacy computing respectively. On the industry front, Japan’s SBI partnered with the Solana Foundation to build an on-chain financial market centered around stablecoins, RWAs, and payments. The UK is advancing its wholesale market tokenization roadmap, with Repo transactions and digital government bonds as key focus areas. Meanwhile, Bolivia is considering incorporating USDT into its official payment options, signaling stablecoins’ further integration into real-world payment systems.

On July 13, the crypto market continued its recovery within a broader weak-market environment. BTC traded sideways around the $63,000 level, while ETH showed relative strength. The Fear & Greed Index rose to 28, although overall market sentiment remained in the Fear zone. Among trending tokens, DODO (+43.20%), BLAST (+31.29%), and DEXE (+27.51%) ranked as the top three gainers, as capital continued rotating into DeFi, Layer 2, and DAO governance infrastructure. At the industry level, BUIDL’s assets on Avalanche surpassed $900 million, Bonzo Lend suffered losses of approximately $9.05 million due to an oracle malfunction, and Thailand moved to tighten scrutiny of large stablecoin transactions. The industry’s key themes therefore continued to center on the multichain expansion of RWAs, stronger DeFi risk controls, and tighter regulatory oversight of stablecoins.

Gate Research Daily Report: On July 13, the cryptocurrency market remained range-bound, with BTC edging lower while holding above a key support zone, and ETH outperforming by reclaiming the 1,800 USDT level. The Crypto Fear & Greed Index stood at 28 (Fear), indicating that risk sentiment continued to recover from recent lows but remained cautious overall. Among the top-performing tokens, DODO (+43.20%), BLAST (+31.29%), and DEXE (+27.51%) ranked as the three biggest gainers among Gate-listed assets with market capitalizations exceeding $10 million, representing the DeFi liquidity, Layer 2 ecosystem, and DAO governance infrastructure sectors, respectively. On the industry front, BlackRock's BUIDL fund surpassed $900 million in assets on Avalanche, highlighting the accelerating multi-chain expansion of institutional-grade real-world assets (RWAs). Meanwhile, Bonzo Lend suffered an estimated $9.05 million loss due to an oracle-related exploit, underscoring the DeFi lending market's relian

In June, the total cryptocurrency market capitalization declined month over month, while BTC and ETH trading volumes trended lower amid volatile market conditions. On-chain activity and capital flows continued to concentrate in leading ecosystems, with Hyperliquid recording the largest net capital inflows. Tokenized stock DEX trading volume reached $3.1 billion, with SPYx leading at approximately $967 million. Driven by the FIFA Club World Cup, prediction market trading volume exceeded $50 billion, while open interest surpassed $2 billion, both reaching all-time highs. The Web3 industry completed 42 funding rounds, raising approximately $898 million, while disclosed losses from Web3 security incidents totaled around $74.48 million, down roughly 9% from May.

The cryptocurrency market remained under pressure throughout June, with BTC and ETH declining 20.43% and 21.67%, respectively. After a sharp sell-off at the beginning of the month, both assets staged a modest rebound, but the recovery lacked follow-through, and the overall market price level continued to trend lower. The derivatives market also remained in a deleveraging phase, with open interest in BTC and ETH perpetual contracts continuing to decline. Long liquidations significantly exceeded short liquidations, while funding rates stayed broadly neutral, indicating that the downturn was driven primarily by spot selling pressure alongside weakening risk appetite rather than excessive short positioning. As the market repeatedly transitioned from narrow-range consolidation into directional moves, conditions became more favorable for trend-following and breakout confirmation strategies. Parameter backtesting showed that the Dense Moving Average Breakout Strategy outperformed a buy-and-ho

On July 10, the crypto market remained in a weak consolidation phase, with BTC fluctuating in the $62,000–$63,000 range while ETH posted a more pronounced pullback. The Crypto Fear & Greed Index held at 22 (Extreme Fear), indicating that overall risk appetite remains subdued, with capital primarily focused on short-term trading opportunities and sector-specific rotations. Among the top performers, FIDA (+41.91%), ELON (+30.10%), and JTO (+24.42%) led the market, reflecting renewed interest in Solana ecosystem infrastructure, meme tokens, and liquid staking. On the industry front, the Ethereum Foundation advanced its research into AI-powered security agents, Hong Kong's SFC required licensed virtual asset platforms to adopt stronger anti-phishing authentication measures, and PYUSD was natively integrated into Polygon's Open Money Stack. Market attention continues to center on AI-assisted security verification, enhanced account security, and the modularization of stablecoin payment infra

Gate Research Daily Report: On July 10, the crypto market staged a selective recovery, with BTC climbing back above 63,000 USDT while ETH continued to underperform. The Fear & Greed Index remained at 22, signaling that market risk appetite was still firmly cautious. Among the top-performing tokens, FIDA (+41.91%), ELON (+30.10%), and JTO (+24.42%) ranked as the three biggest gainers, representing the Solana infrastructure, meme coin, and liquid staking sectors, respectively. On the industry front, the Ethereum Foundation disclosed its latest AI security experiments, highlighting that AI-assisted audits still require human verification; Hong Kong’s SFC called on licensed platforms to phase out weaker authentication methods such as SMS, pushing account security standards higher; and PYUSD launched natively on Polygon’s Open Money Stack, reflecting how stablecoin competition is gradually shifting from asset issuance toward payment infrastructure integration.

Gate Research Weekly Report: BTC and ETH remained range-bound over the past 24 hours, with prices continuing to face pressure from macroeconomic headwinds and hawkish monetary policy expectations. Market sentiment stayed cautious, while structural themes such as AI Agents, RWA, and Web3 incentive infrastructure continued to outperform. Stablecoin market capitalization expanded steadily, and Ethereum gas fees remained at historically low levels. POWER, OGN, and UAI gained approximately 13%–39%, driven by renewed interest in Web3 incentives, RWA narratives, and AI Agent infrastructure, with capital continuing to rotate into fundamentally supported high-beta assets.

Gate Research Daily Report: Amid elevated U.S. Treasury yields and rising oil prices that reinforced inflation concerns, BTC traded lower in a volatile session and remains under pressure below the MA30. ETH also extended its intraday decline, continuing to underperform BTC. POWER gained 38.56% on the Web3 incentive layer narrative, OGN rose 14.10% driven by decentralized e-commerce and RWA themes, while UAI advanced 12.97% amid growing interest in AI agent networks. BNB Chain announced plans to build a new Layer 1 tailored for Agentic Trading; DeFi dashboard Zapper announced it will shut down after seven years of operation; meanwhile, inflation expectations and the upcoming FOMC meeting minutes remain key short-term catalysts for BTC.

In June, global capital markets were caught between the constraints of higher interest rates, easing geopolitical tensions, and weakening risk appetite, resulting in heightened volatility and continued market divergence. U.S. equities shifted from the AI-driven rally seen in previous months toward a phase of rebalancing, with leading AI and semiconductor stocks pulling back while defensive sectors such as healthcare outperformed. Institutional investors generally reduced exposure to high-volatility assets and rotated toward companies with more reasonable valuations and stronger earnings visibility. Against this backdrop, Gate became the largest weekly distribution channel among Polymarket Builders, highlighting how centralized exchanges are leveraging their user base, liquidity, and distribution capabilities to drive traffic and trading activity for prediction markets. This also reflects the broader evolution of crypto platforms from standalone trading venues into comprehensive financi

In May, global capital markets continued their recovery, with U.S. equities extending gains as the AI theme, resilient corporate earnings, and improving risk appetite supported the broader market, especially in technology and semiconductors. At the same time, structural divergence remained evident, with capital increasingly concentrated in core assets backed by visible growth and solid earnings. Against this backdrop, Gate officially launched real stock trading, further connecting crypto assets with traditional financial markets and providing users with a one-stop multi-asset trading gateway covering crypto, U.S. stocks, and ETFs. This also signals that crypto platforms are accelerating their evolution into comprehensive global financial infrastructure.

Crypto market risk appetite recovered, with BTC gaining approximately 6.8% and ETH rising about 12.2% over the week. Gate TradFi maintained a high weekly trading volume of around $85 billion, while U.S. stock trading volume extended its growth streak to five consecutive weeks, reaching a new period high. DEX activity continued to diverge, with Uniswap and PancakeSwap recording lower trading volumes, while PumpSwap sustained strong growth. The LST sector also rebounded, with ETH- and SOL-based liquid staking assets recovering alongside improving market sentiment. BTC open interest (OI) climbed back to $22 billion, and funding rates remained positive throughout the week, indicating renewed leveraged positioning. Meanwhile, Gate Institutional spot and futures trading volumes increased 17.71% and 10.70% week over week, respectively, while CrossEx trading volume rose 26% WoW during the first week of July.