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Gate Research Daily Report: On April 21, the crypto market continued its recovery, with BTC and ETH moving higher in tandem. However, price action remains range-bound overall, and large-cap assets continue to dominate capital flows. Among top performers, EDU, UAI, and FORT led gains, representing three active short-term themes: education, AI agents, and on-chain security. This suggests that current opportunities are concentrated in thematic rotation and structural rebounds. On the industry side, Aave’s rsETH incident report highlighted cross-chain configuration risks as a growing concern. The BIS’s latest remarks on stablecoin regulation indicate accelerating global coordination. Meanwhile, Bitmine increased its ETH holdings to 4.9765 million tokens, reinforcing the narrative that enterprise-level ETH reserves and staking-based allocation are emerging as a new long-term trend.

On April 20, BTC and ETH both pulled back, with the market showing limited upside momentum and smoother downside moves. The Fear and Greed Index fell to 29 and remains in the fear zone. Sentiment has improved at the margin but is still not strong enough to support a sustained trend rebound. Capital is mainly focused on short term trading and sector rotation. On the tape, small cap and thematic tokens remained selectively active. WOJAK, AITECH, and PIEVERSE posted strong gains, though with elevated volatility risk. Market narratives are centered on World launching a new generation of World ID for enterprise identity verification, Monad advancing tokenized stock trading to expand RWA transaction infrastructure, and Hong Kong Web3 Festival shifting its focus toward stablecoins, payments, and AI plus Web3 application use cases.

Gate Research Daily Report: On April 20, the market broadly moved into a phase of range-bound consolidation, with BTC and ETH pulling back. Capital continues to concentrate in leading assets, while altcoins remain driven by localized rotation. Among trending tokens, WOJAK, AITECH, and PIEVERSE ranked as the top gainers among assets with market capitalizations above $10 million, representing three high-beta themes: meme, AI compute infrastructure, and Web3 payment and compliance infrastructure. At the industry level, Monday Trade launched tokenized stock trading on Monad, while World ID introduced a new generation product and expanded into enterprise-grade identity verification. The opening of the Hong Kong Web3 Festival, with a focus on stablecoins, RWA, and AI plus Web3, highlights that industry attention is increasingly centered on real-world payment, identity, and asset digitization use cases.

On April 17, BTC dipped and then rebounded, with short-term technicals pointing to a bullish consolidation; ETH slightly underperformed BTC. The Fear and Greed Index is around 56, in neutral territory, suggesting a position-controlled, swing trading approach in the near term. Gains are concentrated in high-beta narratives, with SKYAI, IP, and ARIA posting double-digit 24h increases, though volatility risk remains elevated. Key industry themes include Tether disclosing additional Bitcoin purchases and ongoing debate over its reserve composition, Lido governance activity involving large LDO reallocations and buyback expectations, as well as rising expectations for China’s Q1 growth and inflation data, prompting a reassessment of risk asset pricing amid slowing credit and aggregate financing momentum.

Gate Research Daily Report: On April 17, BTC rebounded within a choppy range and is trading near the upper bound, with technicals maintaining a bullish bias. Key levels to watch are resistance around $75,500 and support in the $73,300–$73,800 range. ETH posted a slight decline and remains relatively weaker in the short term, though the broader trend is intact, with price action still in a higher time frame uptrend and short-term consolidation phase. Altcoins continue to show a structural, selective rally, with mid- and small-cap tokens exhibiting higher elasticity alongside increased volatility, requiring careful timing and drawdown control. The Fear and Greed Index stands around 56, indicating neutral sentiment; strategies should focus on position control and swing trading, with caution against chasing rallies after volume spikes. On the macro side, major equity indices closed slightly higher, while gold remains in high-level consolidation. At the industry level, Tether’s BTC accumula

The crypto market capitalization in March showed a clear pattern of oscillating upward before pulling back, with capital inflows into BTC and ETH exhibiting notable volatility. In terms of transaction count, Solana maintained a dominant lead, consistently exceeding 100 million transactions. At the protocol level, Aave and Lido remained the top two in TVL rankings. On-chain transfer volume of tokenized stocks reached a new high in March, approaching $3 billion, up more than 80% compared to February. The Web3 industry completed 67 funding rounds during the month, totaling approximately $5.847 billion. Losses from Web3 security incidents reached about $31.94 million, up roughly 165% month-over-month, with smart contract vulnerabilities remaining the primary cause.

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

Gate Research VIP Report: BTC continues to trade within an ascending channel, with short-term moving averages signaling a clear bullish trend. Ethereum is attempting to reclaim its 50-day moving average. The DeSci sector has surged, with BIO nearly doubling on the back of its 2026 roadmap and DAO funding narrative, while ENJ and ST have posted rebound gains and strong rallies driven by improving fundamentals and partnership developments. Gate Pre-IPOs has launched its first project, SpaceX (SPCX), supporting subscriptions in USDT/GUSD with 100% unlocked distribution. The Bitwise AVAX spot ETF began trading, recording $400,000 in volume within the first 90 minutes. As the midterm elections approach, the White House is pushing forward crypto market structure legislation.

Gate Options Daily Market Update.

Gate Research VIP Report: Over the past 24 hours, BTC followed a three-phase pattern of “range-bound consolidation → volume-driven rally → high-level pullback and consolidation,” while ETH clearly underperformed BTC during the same period. RAVE surged due to a supply-demand imbalance driven by short squeezes and low circulating supply, while LOBO benefited from the recovery of the Bitcoin ecosystem and rising community momentum. 21Shares has updated its Hyperliquid ETF filing (ticker: THYP), and Ether.fi announced plans to supply approximately $3 billion worth of ETH as validator liquidity to the ETHGas market over the next three years. Meanwhile, Anthropic has reached an $800 billion valuation and received investment interest from

Gate Research Daily Report: Over the past 24 hours, BTC followed a three-phase pattern of “range-bound consolidation → volume-driven rally → high-level pullback and consolidation,” while ETH clearly underperformed BTC during the same period. RAVE surged due to a supply-demand imbalance driven by short squeezes and low circulating supply, while LOBO benefited from the recovery of the Bitcoin ecosystem and rising community momentum. 21Shares has updated its Hyperliquid ETF filing (ticker: THYP), and Ether.fi announced plans to supply approximately $3 billion worth of ETH as validator liquidity to the ETHGas market over the next three years. Meanwhile, Anthropic has reached an $800 billion valuation and received investment interest from multiple venture capital firms.

Bitcoin has formed a broad consolidation base and rebounded strongly, with the $68,000–$69,000 range acting as a solid near-term support zone. Ethereum has shown slightly greater resilience and signs of relative independence. Cross-chain capital flows have taken on a clear one-way pattern, with funds rotating out of holding-oriented ecosystems such as Arbitrum and Ethereum into trading- and event-driven venues represented by Hyperliquid and Polygon PoS. This shift points to a broader transition from a positioning-driven market to a more trading-driven, high-frequency environment. After introducing fees, Polymarket posts strong profits, with weekly fees surpassing $10 million for the first time. Its business model is shifting from event-driven revenue to a more stable, transaction fee–driven model.