Topics

Gate Research Daily Report: On May 19, the crypto market remained in a weak consolidation phase, with BTC trading sideways within the $76,000–$78,000 range and ETH’s rebound facing resistance near $2,200, while overall market sentiment stayed in the Fear zone. The altcoin market continued to be driven mainly by sector-specific rotation rather than broad-based momentum. Among the top-performing tokens, UP, CFG, and INJ reflected relatively active capital flows into stablecoin infrastructure, RWA tokenization, and DeFi Layer 1 ecosystems, respectively. On the industry side, the SEC revoked its settlement gag rule, boosting expectations for greater regulatory transparency. At the same time, the agency is reportedly preparing a tokenized stock innovation exemption framework, further fueling the narrative around onchain securities and 24/7 financial trading. From a macro perspective, rising U.S. Treasury yields, continued dollar strength, and ongoing ETF outflows continued to weigh on overa

On May 18, BTC entered weak consolidation around $78K after pulling back from the $81K area, while ETH remained capped below $2.2K in a fragile recovery structure. Market sentiment slipped back into Fear territory, with capital continuing to concentrate in major assets. FIDA, DEGEN, and OPEN led gains across the Solana infrastructure, Base/Farcaster Meme, and AI onchain infrastructure sectors, respectively. On the industry side, the Senate Banking Committee advanced the CLARITY Act, Gate upgraded its prediction market ecosystem with enhanced smart money tracking features, and ICE together with CME pushed for tighter oversight on Hyperliquid’s onchain energy derivatives markets.

Gate Research Daily Report: On May 18, the crypto market shifted from high level consolidation into a weaker range bound structure, with BTC trading mostly flat around $78K while ETH rebounded modestly toward the $2.19K area. The Fear & Greed Index fell back into Fear territory, while altcoins continued to show selective narrative driven rotation with limited signs of broad market expansion. Among trending tokens, FIDA, DEGEN, and OPEN represented three of the most active short term themes: recovery in Solana infrastructure assets, renewed momentum in Base/Farcaster Meme plays, and AI + onchain infrastructure narratives. On the industry side, the Senate Banking Committee advanced the CLARITY Act, reinforcing expectations for a clearer federal crypto regulatory framework. Meanwhile, Gate upgraded its prediction market ecosystem with new smart money tracking features, and ICE together with CME pushed for tighter oversight on Hyperliquid’s onchain energy derivatives markets, h

Gate Options Daily Market Update.

In March, the crypto market exhibited a clear pattern of structural divergence. In terms of price performance, the top 500 tokens by market cap recorded an average decline of 7.71%, while the 201–400 segment bucked the trend with gains of 3.6%–7.1%. At the individual level, ARIA led the market with a 394.12% increase, while within the top 100, TAO rose 67.93%, highlighting the strength of the AI sector. On the volume side, SIREN saw trading volume increase 6.64x alongside a 488.68% price surge, whereas NIGHT experienced a 73.22x spike in volume but declined 25.61%, indicating selling pressure and capital outflows. In terms of correlation, OKB showed a high correlation of 0.86 with the broader market, while ICP stood at 0.71, suggesting that market performance remains largely Beta-driven. Overall, March’s market was dominated by high-beta, small- and mid-cap assets.

Gate Research Daily Report: On May 15, BTC pulled back after peaking at 82,474 and consolidated around 81,087, while ETH retraced from 2,382 to trade near 2,275 and GT remained range-bound in the 7.30–7.40 zone. DEGEN, SWEAT, and AIO gained 46.98%, 38.88%, and 29.72%, respectively. On the Alpha side, the Clarity Act advanced to a key review stage, flow signals highlighted rapid rotation in major-asset liquidity, and Cerebras’ $5.5B IPO surge fueled AI risk-on sentiment spillover into crypto.

Gate Research Daily Report: On May 15, BTC pulled back after peaking at 82,474 and consolidated around 81,087, while ETH retraced from 2,382 to trade near 2,275 and GT remained range-bound in the 7.30–7.40 zone. DEGEN, SWEAT, and AIO gained 46.98%, 38.88%, and 29.72%, respectively. On the Alpha side, the Clarity Act advanced to a key review stage, flow signals highlighted rapid rotation in major-asset liquidity, and Cerebras’ $5.5B IPO surge fueled AI risk-on sentiment spillover into crypto.

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 remained in a choppy downside move over the past 24 hours, with price action still signaling a weak recovery rather than a confirmed reversal. ETH continued to underperform BTC, and the quality of short-term rebounds stayed limited. On flows, U.S. spot BTC ETFs turned into notable net outflows this week, pointing to a temporary drop in institutional risk appetite; however, on-chain protocol fees stayed elevated and stablecoin issuers continued to dominate revenue, highlighting the resilience of crypto’s core cash-flow engine. Altcoins remained in a structurally selective market, with broad weakness alongside relative strength in Web3 infrastructure and DeFi. At the same time, macro and policy expectations are driving a new repricing phase in liquidity and risk, while rising mid-month unlock pressure is likely to keep sentiment and single-asset volatility fragile in the near term.

Gate Research Daily Report: BTC continued to trend lower in a volatile consolidation over the past 24 hours, with the current price now hovering near the intraday low. Short-term price action still appears to reflect a weak recovery rather than a clear reversal. ETH underperformed BTC, with a sharper pullback following an intraday rally attempt. Rising activity across Cosmos-based DEXs, improving sentiment around Web3 token launches, and a broader short-squeeze dynamic drove concentrated capital inflows into OSMO, POLS, and BTRST, signaling a notable rebound in risk appetite toward narrative-driven mid- and small-cap assets. The U.S. Senate has approved Kevin Warsh as the next Federal Reserve Chair, marking the beginning of the “post-Powell era.” Meanwhile, Jane Street’s Q1 portfolio adjustments revealed a significant reduction in Bitcoin ETF exposure alongside strategic increases in Ethereum ETF holdings and Galaxy Digital positions. In addition, the gap between Ethereum and Solana DE

Last week, BTC broke above $82,000, driven by continued ETF inflows, with BTC ETFs recording net inflows of $632 million for the week. CEX-listed TradFi equity-related assets continued to expand steadily. On-chain capital rotated back into leading DEXs and mature liquidity venues, with Uniswap and PancakeSwap serving as the primary liquidity hubs. Meanwhile, Aave continued to absorb the impact of the rsETH incident, leaving the lending market relatively weak. Emerging ecosystems such as MegaETH and Plasma began attracting incremental capital inflows, while Solana LSTs were among the first to benefit from improving market risk appetite. The derivatives market maintained a “negative funding rate + high-level consolidation” structure, with BTC’s short squeeze rally being partially released in stages. In May, Gate Institutional spot trading volume increased by 14.54% month-over-month, while futures trading volume rose 18.10% MoM. CrossEx also recorded record highs in both trading volume an

Gate Research Daily Report: April CPI data coming in above market expectations, combined with Kevin Warsh’s Fed chair nomination process, has made BTC more likely to remain range-bound in the short term. ETH has generally underperformed BTC. The continued rise of AI Agent and on-chain automated trading narratives drove strong gains in BNKR following the launch of the FOMO Feed App, while renewed interest in modular scalability and liquid staking also brought increased market attention to SAGA and SD. The Fed has confirmed Kevin Warsh as a governor, with confirmation of his appointment as Fed Chair potentially coming as early as Wednesday. Aave also confirmed that the first phase of the rsETH recovery plan has been completed, including the destruction of the attacker’s rsETH on Arbitrum. Meanwhile, Sei Network has shut down inbound IBC asset transfers as the network gradually transitions toward a fully EVM-focused architecture.