Gate Research Weekly Report: This week, BTC fluctuated between $99,000 and $92,600, repeatedly testing resistance levels in its upward movement. ETH displayed an ascending triangle convergence pattern, with significant resistance near $3,540. Gate.io’s quantitative fund achieved a record-breaking annualized return in the industry. Runes’ transaction share on the Bitcoin network fell to a new low. The BIO Protocol community proposed “Bridge BIO to Solana”. Investors should monitor upcoming significant token unlocks for SUI, OP, and ZETA from public blockchains next week. Additionally, the EU’s Markets in Crypto-Assets (MiCA) regulation will take effect on December 30.

Market Analysis: This week, BTC fluctuated between $99,000 and $92,600, repeatedly testing resistance levels in an attempt to break higher. ETH exhibited an ascending triangle convergence pattern, with notable resistance around $3,540.

Weekly Spotlights: According to CoinGecko, memecoins emerged as the most popular concept of 2024, with AI and RWA ranking in the top three. The number of DeFi attacks decreased by 40% in 2024, while CeFi security incidents incurred losses amounting to $694 million.

Data Highlights: Gate.io’s quantitative fund achieved an annualized return of 38%, setting a new industry record. The transaction share of Runes on the Bitcoin network dropped to an all-time low, accounting for only 1.67% of daily transactions.

Market Opportunity: This week’s notable airdrop project is MindDAO. By empowering individuals to monitor their emotional health, MindDAO facilitates the aggregation of anonymous emotional data, providing valuable insights to the community and contributing to the development of empathetic AI models.

What to Watch Next Week: The EU’s Markets in Crypto-Assets (MiCA) regulation will take effect on December 30, marking the beginning of a new era in EU digital asset regulation. Starting the same day, cryptocurrency exchanges operating in the EU will also be subject to Regulation (EU) 2023/1113 (Travel Rule Guidelines), which requires reporting on information related to fund and crypto asset transfers.

Deep Dive into This Week’s Review 👉🏻 Gate Research: MiCA to Take Effect, Gate Quant Fund Hits 38% Record Annual Return

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Gate.io Team
December 27th, 2024