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Gate Research Daily Report: Over the past 24 hours, Bitcoin has shifted from elevated levels into a stepwise decline, with limited short-term rebound momentum. Ethereum has shown even stronger bearish dominance than BTC. KAIO surged nearly 200% in a single day, driven by its new token listing and the RWA narrative, while LAB experienced a sharp rebound amid low circulating supply and capital-driven speculation. Meanwhile, Venice Token continued attracting market attention due to momentum surrounding privacy-focused AI and the Base ecosystem. A compromise has reportedly been reached regarding stablecoin yield provisions, while the White House aims to push the passage of the Clarity Act before July 4. In addition, Wall Street clearing giant DTCC is collaborating with multiple Layer 1 blockchains to move corporate actions such as dividend distribution on-chain. Circle’s USYC assets under management have surpassed $3 billion, making it the world’s largest tokenized money market fund.

Gate Research Daily Report: Bitcoin remained strong over the past 24 hours, reaching an intraday high of $81,795, marking a new yearly high. Ethereum traded within a range, with a developing bull flag pattern, although lower gas fees have weakened the deflationary narrative. On the capital side, LAB, BUILDon, and CLANKER led the rally—LAB driven by concentrated capital and low float, B benefiting from stablecoin liquidity narratives, and CLANKER attracting strong inflows amid a rebound in the AI and Base ecosystems. On the policy and industry front, the CFTC’s confirmation of protections for non-custodial developers supports DeFi growth, while Strategy continued accumulating BTC, and MoonPay’s acquisition of DFlow strengthens infrastructure positioning.

Gate Research Daily Report: Bitcoin remained strong over the past 24 hours, reaching an intraday high of $81,795, marking a new yearly high. Ethereum traded within a range, with a developing bull flag pattern, although lower gas fees have weakened the deflationary narrative. On the capital side, LAB, BUILDon, and CLANKER led the rally—LAB driven by concentrated capital and low float, B benefiting from stablecoin liquidity narratives, and CLANKER attracting strong inflows amid a rebound in the AI and Base ecosystems. On the policy and industry front, the CFTC’s confirmation of protections for non-custodial developers supports DeFi growth, while Strategy continued accumulating BTC, and MoonPay’s acquisition of DFlow strengthens infrastructure positioning.

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.

April 30, the crypto market entered a volatility release phase following a hawkish FOMC outcome, with BTC pulling back from the $77K–$79K range and testing support near $75K, ETH underperforming BTC and approaching the key $2,250 level, and GT moving into passive consolidation alongside the broader market with relatively moderate volatility; on the options side, around $8B in notional is set to expire this week, with Gamma and liquidity effects amplifying short term price swings, the market structure reflecting a short term bearish but mid term bullish bias while waiting for GDP and PCE as the next catalysts; altcoin activity remains concentrated in selective narratives, with tokens such as Sleepless AI (AI), Naoris Protocol (NAORIS), and AI Rig Complex (ARC) seeing impulsive gains driven by AI and security themes; on the macro and industry front, rising oil prices, geopolitical risks, and elevated interest rates are jointly lifting risk premia, while Solana RWA reached a new all time

Last week, the crypto market overall maintained a “cautiously optimistic” tone, with BTC rising from around $68K to above $77K. TradFi trading activity cooled somewhat, though gold remained the core trading asset. On-chain capital continued concentrating in highly liquid and high-turnover venues, with PancakeSwap recording nearly $36 billion in weekly trading volume. Stablecoin capital clearly rotated back into settlement-focused dollar assets, while USDT supply climbed to nearly $200 billion. Following the rsETH incident, Aave’s total lending balance plunged 26.7% within a single week. Meanwhile, the derivatives market showed a typical divergence structure of “deeply negative funding rates alongside high-level price consolidation,” with BTC perpetual short positioning remaining crowded as implied volatility and options trading volume both increased.

Over the past 24 hours, Bitcoin first pulled back before recovering, remaining more than 4.6% below Monday’s 12-week high of $79,488. Ethereum continued to underperform BTC, with the short-term structure still reflecting a weak rebound. Realis, Tectum, and SkyAI emerged as leading gainers in the latest market rebound. RLS surged nearly 120% in a single day following news of a global distribution partnership and a new token buyback-and-burn program. The United Arab Emirates announced its formal withdrawal from OPEC and OPEC+ effective May 1, marking a major historical split within the alliance. Meanwhile, BitMine added 107,992 staked Ethereum, while an exchange-linked whale increased its ETH long position to 63,000 ETH. In April, short sellers paid funding rates of around 11% to maintain bearish positions, with rates briefly surging to 19% — the highest level since early 2023.

Over the past 24 hours, Bitcoin first pulled back before recovering, remaining more than 4.6% below Monday’s 12-week high of $79,488. Ethereum continued to underperform BTC, with the short-term structure still reflecting a weak rebound. Realis, Tectum, and SkyAI emerged as leading gainers in the latest market rebound. RLS surged nearly 120% in a single day following news of a global distribution partnership and a new token buyback-and-burn program. The United Arab Emirates announced its formal withdrawal from OPEC and OPEC+ effective May 1, marking a major historical split within the alliance. Meanwhile, BitMine added 107,992 staked Ethereum, while an exchange-linked whale increased its ETH long position to 63,000 ETH. In April, short sellers paid funding rates of around 11% to maintain bearish positions, with rates briefly surging to 19% — the highest level since early 2023.

Gate Research VIP Weekly Report: BTC repeatedly found support after pullbacks to key moving averages on the 4-hour chart, indicating continued inflows from bullish capital. ETH also remained highly active, though it exhibited greater volatility than BTC. Assets such as SPX6900 and MemeCore led market gains, with momentum primarily concentrated in Meme tokens, community-driven assets, and emerging narrative projects. As the impact of the rsETH and KelpDAO incidents subsided, as Ethereum recorded approximately $10.2 billion in one-sided net inflows. Aave DAO, together with Mantle, KelpDAO, and the broader community, launched the "DeFi United" joint rescue initiative, leveraging treasury ETH, ecosystem donations, and credit lines to restore the rsETH collateral backing.

Gate Research: Against the backdrop of high volatility and pronounced fat-tail behavior in crypto markets, Bollinger Bands, as a classic indicator combining trend and volatility information, continue to offer meaningful analytical value. This report systematically examines the structure, common patterns, and trading signals of Bollinger Bands, and further develops a mean reversion strategy under squeeze conditions for historical backtesting. The results show that simple reversal logic is highly vulnerable to market noise, fee drag, and false breakouts, while bandwidth screening, volatility filters, and trade cooldown mechanisms significantly improve win rate, stability, and overall risk-return structure. Overall, Bollinger Bands remain a viable foundation for strategy research in crypto markets, but their effectiveness depends heavily on parameter selection, market regime identification, and risk control design.

Gate Research Daily Report: Over the past 24 hours, BTC staged a technical rebound after falling below the $76.6K level, though the overall trend remains a weak recovery within a high-level consolidation range. ETH moved in line with BTC and also remained relatively weak, with limited follow-through buying during rebounds. PRL surged on the back of liquidity mining incentives and positive DeFi partnership developments, XCN gained strength driven by protocol upgrade plans and institutional adoption expectations, while PENGU showed resilience thanks to strong NFT community momentum and concentrated capital inflows. Sky announced that it is building Laniakea, an institutional-grade on-chain capital allocation infrastructure; ZetaChain confirmed that its GatewayEVM contract was exploited and has suspended cross-chain transactions; Compound introduced a proposal supporting DeFi United, with plans to contribute up to 3,000 ETH.

On April 27, the crypto market continued its recovery. Bitcoin reclaimed the $79,000 range and remained in high-level consolidation, while Ethereum rebounded with stronger elasticity. Overall, the market is still in a phase of structural positioning, with major assets continuing to dominate capital flows. In derivatives, both BTC and ETH are trading within narrow ranges as they await the upcoming FOMC catalyst, with short-term volatility strategies coexisting alongside medium-term directional structures. Altcoin activity has picked up but has yet to develop into a broad trend, as capital rotates from stabilized majors into mid- and small-cap narrative plays. AIOT, GWEI, and LDO respectively represent strength in AIoT/DePIN, Ethereum infrastructure, and the liquid staking sector. On the industry side, Aave’s handling of rsETH-related risks has entered a phase of multi-party coordination and execution. The center of Bitcoin options activity is shifting toward ETF channels, reinforcing in