This week, Gate Research continued to track developments in Web3 policies, macroeconomic trends, and technological evolution. The crypto market experienced volatility influenced by macroeconomic policies, with BTC briefly surpassing $82,000. Trump’s suspension of tariffs provided a short-term boost to the market. Additionally, the SEC’s withdrawal of its lawsuit against Ripple and the listing of an XRP ETF signaled a shift in regulatory direction. Here is a summary of this week’s key insights:

Weekly Highlights

• Market Trends: BTC retreated after briefly surpassing $82,000, while ETH showed relatively weaker performance. Ethereum reclaimed the top spot in DEX trading volume, while Solana’s popularity saw a slight decline. Stablecoins are rapidly penetrating emerging markets, with India maintaining its position as the global leader in usage.
• Regulation & Policy: Trump announced a 90-day suspension of tariffs, easing pressure on global markets. The Arizona State Legislature passed a bill on Bitcoin reserves. Fidelity introduced a retirement plan that allows direct investment in crypto assets, supporting the regulatory compliance process.
• Ecosystem Developments: Bitcoin’s hash rate surpassed 1 Zetahash/s for the first time, marking a new milestone in network decentralization. The Babylon public chain was launched, promoting the development of BTC staking applications.
• Read the full report: Gate Research: Trump’s High Tariff Policy Takes a Sharp U-Turn; Bitcoin’s Avg Daily Hashrate Surpasses 1 ZH/s for the First Time

Selected Research Reports

• Policy & Macro: On April 10, Trump’s suspension of tariffs triggered a rebound in both U.S. equities and crypto assets. On April 9, the SEC dropped its lawsuit against Ripple, and the XRP ETF was officially listed. South Korea’s national pension system integrated blockchain technology, while Hong Kong’s Securities and Futures Commission opened spot ETF staking services.
• Technology & Infrastructure: Lens Protocol launched on the mainnet, integrating Avail and ZKsync technologies to enhance scalability. Mantra introduced a $108 million ecosystem fund focused on supporting early-stage projects in RWA (Real-World Assets) and DeFi.
• Platform & Product Updates: PancakeSwap released its CAKE Tokenomics 3.0 proposal, aimed at promoting community governance and sustainable development. Tether entered the AI space, announcing plans to launch a decentralized AI platform to challenge OpenAI’s model.
• Read the full report: Gate Research: Web3 Policy and Macro Report (April 4 – 10, 2025)
• Read the full report: Gate Research: Web3 Events and Cryptocurrency Technology Developments (April 4 - 10, 2025)

Hot Topics

• Technical Breakthroughs & Public Chain Growth: Bitcoin’s hash rate reached 1 Zetahash/s, and the Babylon mainnet officially launched. Solana’s TVL hit a multi-year high, with its share in the DEX market expanding.
• Ecosystem Project Updates: The Shardeum mainnet is set to launch on April 15, advancing exploration into EVM compatibility and decentralized scalability. The Mantra fund supports the modular development of Real-World Assets (RWA).
• Cross-Chain & Modular Development: Lens Chain emphasizes inter-chain communication and composability, promoting the evolution of social protocols into core infrastructure components.
• Read the full report: Gate Research: Weekly Hot Topics（April 3 - 10, 2025)

Hot Airdrops

• FogoChain: Built on the Solana Virtual Machine and the Firedancer client, it introduces a multi-consensus mechanism and a points-based engagement campaign.
• Hyperlane: A modular cross-chain communication protocol, offering users an airdrop of its native token, HYPER.
• CESS: A decentralized storage project that integrates CD²N and PReT technologies. Users can earn points through task participation and redeem them for airdropped tokens.
• Gomble Games: A Web3 casual gaming platform where users can complete quiz tasks to qualify for GM token airdrops.
• Krain AI: An AI agent platform offering a points-based campaign that can be converted into tokens in the future.
• Read the full report: Gate Research: Hot Airdrops Overview ( April 4 - 11, 2025)

Disclaimer
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate.io may restrict or prohibit all or part of its services in certain restricted regions. For more information, please read the User Agreement here: https://www.gate.io/user-agreement.
Investing in the cryptocurrency market involves high risk. It is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate.io is not responsible for any losses or damages from such investment decisions.

Gate.io Team
April 11, 2025

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