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Gate Research Weekly Report: BTC and ETH maintained weak, volatile performance this week, with market sentiment still in the fear zone. Rising tensions in the Middle East pushed oil prices and stablecoin demand higher, notably increasing USDC demand in the Dubai market. Pump.fun may pursue multi-chain expansion, and leading tokens like ACX, Lobster, and PIXEL posted significant gains. Solana ecosystem capital activity continues to be strong.

Global markets faced pronounced impacts from energy price shocks and heightened geopolitical risks over the past week. Escalating tensions in the Middle East sent oil prices surging, with WTI climbing more than 25% in just one week. This drove a risk-off environment, resulting in simultaneous declines across BTC, ETH, and US equities. From a macro perspective, while higher oil prices are unlikely to trigger an immediate recession, they may fuel inflation and slow the pace of rate cuts in the coming months. On-chain metrics show DEX trading volumes remained robust, with liquidity further consolidating around leading protocols. The total stablecoin market cap climbed to approximately $330 billion, with USDC accounting for the majority of new inflows. In derivatives, funding rates stayed negative and option volatility increased, reflecting continued caution toward tail risks. Overall, markets are now undergoing a phase of macro risk repricing and liquidity reallocation. In the week ahea

Gate Research: BTC’s key short-term levels are support around $69,000 and resistance at $71,317. ETH shows neutral to slightly weak momentum, with support near $2,007 and resistance around $2,050. Over the past 24 hours, altcoins broadly followed majors with a market-wide rebound. ACX surged over 80% after a structural transformation that introduced two underlying value anchors—company equity and cash redemption. Meanwhile, Lobster Coin rose more than 60% in recent days after being linked to the viral OpenClaw AI agent software narrative. On the macro side, the Iran conflict has increasingly shifted toward an oil price game, while the crypto market continues to trade in a narrow range awaiting direction. In Dubai, demand for stablecoins has surged, with USDC supply expanding by more than 2.3 billion over the past week.

Over the past week, BTC experienced a sharp pullback on the 4-hour timeframe before gradually entering a low-level consolidation phase. ETH has underperformed BTC during the same period and remains in a downside structure. NEAR has gained approximately 39.62%, making it the top performer in this cycle. Arbitrum recorded a single-sided net outflow of about $235 million, with capital primarily reallocating to Base and other ecosystems. Amid geopolitical tensions, some capital has rotated into safe-haven assets, while other funds have shifted toward on-chain macro trading and hedging strategies—reflecting portfolio rebalancing rather than a broad-based sell-off. Meanwhile, increased activity on Polymarket has driven higher Polygon fee revenue, highlighting how real-world events are accelerating the conversion of macro narratives into on-chain cash flow.

Gate Research Institute Daily Report: On March 10, the crypto market broadly rebounded, with BTC and ETH both recovering. Panic selling pressure from earlier periods has eased, but extreme fear still lingers, keeping the market in a cautious recovery phase. Among trending tokens, GF (+106.93%), BEBE (+104.66%), and DOGS (+31.98%) led gains for assets with market capitalizations above $10 million. New capital mainly flowed into highly volatile small- and mid-cap sectors, and trading opportunities remain driven by structural rotation. In the industry, stablecoin settlement networks, tokenized stock expansion, and cross-ledger liquidity solutions have become the top three areas to watch. The sector narrative is evolving from simple price speculation toward deeper competition in payment, settlement, and foundational on-chain asset infrastructure.

Gate Research Institute: As of March 9, the market remains focused on defensive strategies. BTC’s rebound following its decline is weak, ETH shows support but lacks a decisive breakout, and GT’s independent trend is narrowing, moving into a range-bound trading pattern. Sentiment-wise, the Fear and Greed Index is at 8 (“Extreme Fear”), reflecting a further reduction in risk appetite. While mid- and small-cap tokens like DEGO, BABY, and MBOX are posting strong gains, these are primarily driven by events and capital rotation, rather than forming a sustainable sector-wide rally. In terms of market highlights, the implementation of Pakistan’s Virtual Assets Act 2026, Brickken’s participation in Spanish UNE standardization, and Cardano’s progress on USDCx infrastructure all indicate that the industry is shifting from narrative-driven competition to long-term competition around regulatory frameworks, standards, and settlement capabilities.

Gate Research Institute Daily Report: On March 9, the cryptocurrency market remained volatile with a bearish tilt. BTC and ETH both declined, while overall capital flows continued to favor defensive strategies. Among the hottest tokens, DEGO (+53.60%), BABY (+28.04%), and MBOX (+25.26%) led gains among assets with market capitalizations over $10 million, with fresh capital primarily targeting high-volatility small- and mid-cap sectors. On the regulatory front, Pakistan's Virtual Assets Act 2026 came into effect, advancing the formalization of oversight. Brickken joined the UNE standards framework to promote the development of asset tokenization rules. Cardano advanced USDCx infrastructure, strengthening stablecoins’ core capabilities in payment and real-world asset (RWA) settlement. The industry’s main trend continues to move toward greater compliance and robust infrastructure.

Gate Research Daily Report: On March 6, BTC pulled back after briefly surging above $74,000 and is currently consolidating around $71,000; ETH retraced from a recent high near $2,190 and is now trading in the $2,070–$2,090 range; GT remains in a narrow $7.10–$7.20 consolidation zone, maintaining a recovery-driven structure. SYND became the top gainer with a +55.81% surge. Meanwhile, the RWA sector continues to gain traction as Ondo Finance secured regulatory approval in Abu Dhabi to support tokenized stocks and ETF trading; the AI agent economy is drawing attention, with stablecoins and blockchain seen as key infrastructure; and short seller Culper Research has taken a bearish position on Ethereum, arguing its latest upgrade may weaken ETH tokenomics and risk a potential “death spiral.”

Gate Research Institute Daily Report: March 6—BTC surged above $74,000 before retreating, now consolidating near $71,000. ETH touched $2,190 at its high and pulled back to the $2,070–$2,090 range. GT traded within a narrow $7.10–$7.20 band, maintaining a recovery and consolidation structure. SYND drew market attention with a +55.81% gain. The RWA sector remains hot, with Ondo Finance winning regulatory approval in Abu Dhabi to advance tokenized stock and ETF trading. AI Agent business models are gaining traction, and stablecoins and blockchain are viewed as critical infrastructure. Short seller Culper Research is betting against Ethereum, warning that its upgraded tokenomics could trigger a “death spiral” risk.

Gate Research Weekly Report: After a sharp sell-off, the market has entered a consolidation phase, with BTC and ETH still capped by key moving averages. Capital is rotating back into high-beta sectors such as AI, signaling a modest recovery in risk appetite. Ethereum’s staking ratio has surpassed 30%, reaching a new all-time high and pointing to ongoing supply contraction and a rebalancing of liquidity structures. Zerohash’s integration with Monad and USDC is advancing the deployment of stablecoin payment infrastructure at the L1 level. Tether’s U.S. Treasury holdings continue to expand, accelerating the integration of stablecoins into the short-term interest rate system. Overall crypto market capitalization continues to decline, indicating that the market remains in a near-term de-risking phase. Meanwhile, Anchorage has completed a strategic financing round of approximately $100 million, with participation from Tether.

Gate Research Weekly Report: On Wednesday, Bitcoin surged more than 7%, breaking above the $70,000 level, while Ethereum rose 9% to surpass $2,100, pushing the total crypto market capitalization back above $2.5 trillion. Among altcoins, EDGE jumped 81% following its listing on a Korean exchange, while MANTRA surged 54% after the official announcement of its migration from the old OM token to the new MANTRA token. Meanwhile, tensions around AI military applications escalated as Palantir criticized Anthropic’s safety restrictions, while OpenAI’s annualized revenue exceeded $25 billion, marking a 230% year-over-year increase. Arthur Hayes also warned that the recent rebound may be a “dead cat bounce,” noting that BTC has not yet decoupled from SaaS tech companies.

Gate Research: Over the past week, macro uncertainty has continued to dominate market pricing. Escalating tensions in the Middle East, tariff expectations, and the ongoing AI narrative have reinforced risk-off sentiment, with capital rotating into defensive assets such as oil, gold, and the Japanese yen, putting pressure on risk assets. BTC declined sharply over the weekend amid thin liquidity conditions, while ETH underperformed BTC overall, leaving the market in a fragile post-deleveraging equilibrium. On-chain data shows event-driven spikes in DEX trading volume, while stablecoin supply has remained elevated but flat, suggesting capital is largely in a wait-and-see mode. In derivatives markets, open interest continues to decline and funding rates remain negative but stable, indicating that overall leverage in the system has been significantly reduced. Meanwhile, mid-tier protocols such as Hyperliquid and Jupiter recorded revenue growth, pointing to a modest rebound in on-chain tradi