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In July, the total cryptocurrency market capitalization showed an accelerated upward trend, with the total market cap breaking through $4 trillion in late July. A key factor driving this increase is the growing expectation of Federal Reserve interest rate cuts in 2025. All of the top 8 cryptocurrencies by market cap saw gains this month, with ETH emerging as the best-performing token in July, surging over 50% in a single month. While BTC also achieved a gain of nearly 10%, it underperformed other mainstream cryptocurrencies.

Gate Research Daily Report: On August 19, BTC is trading around 115,900 USDT, with short-term support at 115,800 USD and resistance between 118,500–119,000 USD. ETH is priced at 4,358 USDT, with key support at 4,270 USD and short-term rebound potential at 4,450–4,500 USD. Popular low-cap tokens showed strong performance, with WKC, BSU, and WAVES rising 56.57%, 39.06%, and 23.43% over 24 hours, accompanied by significant increases in trading activity and community engagement. BitMine’s ETH holdings surpassed $6.6 billion, but its stock fell 7% amid ETH’s pullback. Bless Network announced its $TIME airdrop, allocating 10% of the total supply at mainnet launch, while the Stellar Development Foundation invested in Archax to promote real-world asset tokenization.

Gate Research Daily Report: On August 18, BTC is approaching a key support level around $115,800, which has held multiple times previously. ETH recently pulled back after reaching a high of $4,575, while GT remains range-bound between $17.0 and $18.5. Several tokens posted double-digit gains, including BIO (+24.85%), POND (+20.38%), and LINK (+10.79%). Over the past week, NFT market activity surged, with trading volume up 30% week-over-week. Japan is set to approve its first yen-backed stablecoin, JPYC, and Arbitrum DAO’s ETH treasury grew 36% month-over-month, surpassing 22,500 ETH.

Gate Research Daily Report: On August 13, BTC consolidated near $119,000; ETH broke above $4,600 with a 7.09% gain; and GT recovered to $16.745. Aave’s outstanding borrowings exceeded $25 billion, marking a record high and reflecting a notable rebound in DeFi lending demand. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoin and institutional-grade financial use cases, with a public testnet planned for the fall. RWA-focused blockchain MANTRA Chain achieved full EVM compatibility on its testnet and is scheduled to launch its mainnet in September.

Gate Research Daily Report: On August 15, BTC price slightly decreased by 4.04% over the past 24 hours. After breaking a new high of $124,000, BTC quickly fell back to the range of $118,000 to $119,000. ETH dropped 3.04% in the past 24 hours. The decline was less than Bitcoin and the median of Top100 altcoins, indicating ETH's recent price strength. Lido's share in the Ethereum staking market has fallen to a historic low of 24.4%. Figment added the most new staking users in the past month, with approximately 344,000 new stakers, now accounting for 4.5% of all staked ETH. Tether announced the integration of Spark into its open-source wallet development kit WDK, supporting non-custodial financial infrastructure for the Lightning Network. Dinari, a startup providing blockchain-based US stock trading services, announced the launch of its Layer 1 blockchain, Dinari Financial Network.

Gate Research Institute Weekly Report: This week, BTC broke through $124,000, reaching an all-time high. ETH climbed 12.02% this week, while major altcoins also demonstrated broad-based strength. Chainlink partnered with ICE to integrate premium global forex and precious metals market data into on-chain applications. BitMine Immersion aims to raise $20 billion to increase its ETH holdings. This reflects institutional investors' sustained confidence in ETH for the long term. The total crypto market cap reached a record $4.21 trillion, with BTC’s market capitalization surpassing Alphabet, making it the fifth largest worldwide. Ethereum search interest hit its highest level since 2021, with both price and on-chain activity surging simultaneously. Base’s daily DEX trading volume exceeded $2 billion, reaching a new peak in on-chain activity.

Gate Research Daily Report: On August 14, BTC broke above $124,400 to set a new all-time high; ETH held firmly above $4,700; and GT consolidated around $17.8, remaining in a short-term range-bound pattern. The total cryptocurrency market capitalization climbed to a record $4.21 trillion, with Bitcoin’s market cap surpassing Alphabet to rank fifth among global assets. Ethereum search interest reached its highest level since 2021, with on-chain activity and capital inflows jointly driving price strength. Base’s on-chain DEX daily trading volume exceeded $2 billion for the first time, highlighting the growing trading activity and capital capacity of the Layer 2 ecosystem.

Gate Research Daily Report: On August 13, BTC continued its upward consolidation, briefly approaching the $120,000 mark; ETH surpassed the $4,600 level, reaching a new high in the current rally. Cyber token surged over 220% following its successful exchange listing and institutional buyback plan; Solana ecosystem meme coin Fartcoin and computing network token Qubic also showed strong performance. DeFi platform Aave’s borrowing volume exceeded $25 billion, setting a new record. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoins, while MANTRA Chain’s testnet achieved full EVM compatibility with its mainnet scheduled for launch in September. Major US stock indices rose across the board, reflecting increased risk appetite and an overall bullish crypto market atmosphere.

Gate Research Daily Report: On August 13, BTC consolidated near $119,000; ETH broke above $4,600 with a 7.09% gain; and GT recovered to $16.745. Aave’s outstanding borrowings exceeded $25 billion, marking a record high and reflecting a notable rebound in DeFi lending demand. Circle announced the launch of Arc, a Layer 1 blockchain focused on stablecoin and institutional-grade financial use cases, with a public testnet planned for the fall. RWA-focused blockchain MANTRA Chain achieved full EVM compatibility on its testnet and is scheduled to launch its mainnet in September.

Gate Research Daily Report:On August 12, BTC price briefly touched a historic high of $122,300 before quickly retreating to a range around $118,900; ETH reached a yearly peak of $4,365 with trading volume soaring to $47.1 billion. Altcoins’ total market capitalization hit $1.61 trillion, with market sentiment entering the “greed” zone. BitcoinCash’s Smart Money Index surged to 85.1, reflecting significant institutional inflows. The Uniswap Foundation proposed establishing the “DUNI” legal entity in Wyoming to support decentralized governance. Lido DAO benefited from a favorable SEC ruling, boosting the prospects for liquid staking ETFs with a weekly gain of 54%.

Last week, Lido DAO (LDO) surged over 62% in 7 days, fueled by Ethereum's strong price rally and institutional custody support. Aerodrome Finance (AERO) gained nearly 49%, boosted by liquidity expansion on the Base network. Base led inflows with a net $80.3 million, reversing its previous streak of outflows. Driven by SocialFi and the creator economy, its TVL has surpassed $4.6 billion, establishing a multi-layered closed loop of trading, content, and social interaction.

This report summarizes the Web3 industry’s fundraising activity in July 2025. A total of 132 funding deals were completed during the month, with an aggregate amount reaching $3.68 billion. Capital primarily flowed into CeFi and blockchain services, reflecting a dual focus on infrastructure and services. Investment was concentrated in growth-stage projects raising between $3 million and $20 million, with Series A rounds emerging as the main battleground for capital. Meanwhile, the accelerated adoption of traditional financial instruments such as Post-IPO deals signals a deepening integration between the Web3 industry and mainstream capital markets.The report also highlights key fundraising projects including Delabs Games, Gaia Labs, Syntetika, Blockskye, and Limitless.