Macro Trends

Gate Research Daily Report: On March 18, BTC price dropped 0.68% to $83,283, while ETH price declined 0.55% to 1,906 USDT. Gate Web3 Wallet underwent a major upgrade, introducing AI-powered multi-chain hub aggregation trading. Hyperliquid's trading volume surpassed $1.122 trillion, driving the scaled development of decentralized exchanges. Pump.fun's activity continued to decline, with daily revenue hitting a four-month low. CME launched Solana futures, with a daily trading volume of approximately 38,000 SOL. Canary Capital applied for a SUI spot ETF, signaling institutional interest in the Sui ecosystem.

With the approval of FTX’s bankruptcy restructuring plan in October 2024, the progress of the compensation process brings new uncertainties to the market. This article analyses the profound impact of FTX’s compensation on the crypto market from multiple perspectives, including investor confidence, market volatility, and industry regulation.

March 17, Bitcoin price fell by 0.54% to $83,713.5, and Ethereum price dropped by 0.69% to $1,908.56. Solana's February revenue accounted for 57% of the overall blockchain market. The market capitalization of stablecoins is growing, with USDT remaining dominant, while USDC is expanding within the Solana ecosystem. North Korean hacker group Lazarus Group's Bitcoin holdings have become the third-largest globally. U.S. voters strongly oppose the cryptocurrency strategic reserve plan, with fiscal priorities still focused on public welfare. Argentina has officially implemented new VASP regulatory rules to strengthen compliance and market stability.

This article examines crypto's current state and future direction, addressing meme assets and limited adoption. It calls for a shift from short-term trends to building revenue-generating products. Success requires developing mainstream applications that expand the user base. Like the internet, crypto will integrate into daily life, with value measured by user impact rather than technology.

This article explores the potential stance of the Trump administration on the cryptocurrency industry, highlighting three key areas as indicators of future regulatory trends: the CFTC’s position on token regulation, stablecoin adoption, and the role of FinCEN.

By the end of 2025, blockspace will be abundant. And performance will be a commodity. Once near-instant and near-free transactions become the norm, raw speed alone won’t set you apart. As developers, we need to shift gears.

Gate Research Daily Report: March 14, Bitcoin price fell by 1.95% to $82,014.1, while Ethereum price rose by 0.53% to $1,894.63. The number of contract deployments on the Base ecosystem surged, reaching a record high of 11.4 million in a single week. Solana's stablecoin supply has skyrocketed by 130% this year, while Ethereum remains the leader. Ethereum launched the Hoodi testnet for the Pectra upgrade. Aave introduced the Horizon initiative, targeting the institutional-grade real-world asset DeFi market. Solana proposal SIMD-0228 failed to pass the vote, obstructing the planned inflation adjustment.

The story is far from perfect. As VC-backed tokens gradually decline, so-called "value tokens" have become mere excuses for project teams, VCs, and market makers to offload their holdings. Each market cycle's volatility sees the urgent execution of a three-step playbook: foundation establishment, airdrop launch, and exchange dumping.

Gate Research (Mar 7 - 13, 2025), this report provides a comprehensive analysis of key developments in the cryptocurrency market and macroeconomics. On March 7, U.S. nonfarm employment for February increased by 151,000, slightly below expectations, while the unemployment rate reached a new high. Trump signed an executive order officially establishing the U.S. Bitcoin Strategic Reserve. On March 10, the Utah Senate passed the Bitcoin bill, but the reserve investment provisions were removed. On March 11, the SEC shifted to a crypto-friendly stance and may withdraw exchange registration requirements. On March 12, the U.S. February unadjusted core CPI annual rate recorded 3.1%, the lowest since April 2021. The SEC delayed the approval of multiple spot cryptocurrency ETFs. On March 13, the state of Nebraska in the U.S. signed a Bitcoin ATM regulatory bill.

This article explores crypto firms expected to go public in 2025 and the factors influencing their valuations. It compares Coinbase’s market position with traditional financial powerhouse Charles Schwab, assesses the lasting impact of the 2021 valuation bubble, and examines how IPOs contribute to the legitimization of the crypto industry while attracting more capital investment.

Gate Research Weekly Review & Outlook: This week, BTC prices tested the $78,500 level twice, while ETH prices dropped to $1,750. Mentions of blockchain-related terms in SEC filings reached a record high in February. Securitize partnered with RedStone to enhance RWA data support, driving deeper development in on-chain finance. Meanwhile, Ripple obtained a Dubai license, expanding its crypto payment services to the Middle East. The BlackRock BUIDL Fund's TVL surged past $665 million, marking a new all-time high. Soneium's on-chain transaction volume reached $3.27 million, reflecting a 179% increase over seven days. Additionally, Morph Chain's TVL soared to $78 million, with BulbaSwap contributing over $71.38 million.

Despite this crypto-specific start, stablecoins have grown far beyond this original use case. They are now a tour de force for everyday currency transfers and are increasingly used to earn yield and facilitate real-world transactions.

Cross-chain technology plays a crucial role in enabling interoperability between different blockchain networks and is essential for the advancement of Web3. Rather than simply covering well-known cross-chain bridges, this article takes a deep dive into the leading cross-chain solutions in the industry today. It explores major interoperability protocols such as LayerZero, Wormhole, and Axelar, along with emerging trends like chain abstraction, intent-based systems, and chain aggregation (Agglayer). The analysis focuses on the core principles, use cases, and market impact of these solutions. By examining cross-chain technology from a technical perspective, this article highlights its potential to enhance blockchain ecosystem interoperability and asset liquidity while offering valuable insights and forward-looking perspectives for industry professionals.

Gate Research Daily Report: March 12, Bitcoin price rose 3.52% to 82,338.6 USD, while Ethereum price rose 0.86% to 1,879.61 USD. Yei Finance TVL surpassed 170 million USD. Veda TVL surpassed 2 billion USD. Solana DEX trading volume declined 95% from its January peak. Bubblemaps released BMT tokenomics. SEC delayed multiple spot cryptocurrency ETF approvals. The U.S. February core Consumer Price Index will be released tonight, with market expectations of a slight inflation decline.

This article provides an in-depth analysis of the current status of the U.S. debt cycle and its potential risks, reviews the debt cycle in U.S. history, discusses the measures the Federal Reserve may take in response to the debt crisis, and the impact of these measures on the market.