Macro Trends

This week, BTC tested support at $93,500 before stabilizing, while ETH entered an upward channel after testing $2,600. Gate.io partnered with Consensus Conference to pioneer Web3 music social networking. Under the MiCA regulatory framework, 10 companies have been approved to issue stablecoins in the EU. Canary Capital launched the $AXL (Axelar) Trust fund. Berachain's TVL reached a new all-time high of $3 billion. Circle's on-chain fees continued to rise, exceeding $35.39 million in the past week. Ethereum network transaction fees dropped 70% week-over-week, reaching the lowest level since July 2020.

Gate Research (Feb 15-21, 2025): This report provides a comprehensive analysis of key developments in both the cryptocurrency market and the broader macroeconomic environment. On February 15, Federal Reserve’s Logan stated that even if inflation continues to cool, it may not necessarily trigger rate cuts. On February 18, a New York Fed survey revealed that U.S. manufacturing costs in February saw the largest increase in two years. On February 19, data from the U.S. Treasury showed that the top three foreign holders of U.S. debt reduced their holdings in December, while total foreign net inflows exceeded $87 billion. Also on February 19, U.S. January residential construction fell by 9.8% month-on-month, worse than the expected 7.3% decline, and far below the previous value of 15.8%.

This report provides an in-depth analysis of market trends from February 3 to February 17, covering Bitcoin and Ethereum market volatility, funding rates, long/short trading volume ratios, open interest, contract liquidations, and the correlation between BTC and traditional financial markets (S&P 500 ETF). Additionally, the quantitative backtesting section focuses on the market performance of newly listed contract trading pairs, offering investors more comprehensive market insights.

This article traces how political communication has evolved through technology—from radio and television to social media and podcasts—leading to the rise of political memecoins. Through a case study of $TRUMP, we examine how these tokens function as instant popularity metrics, campaign funding tools, and drivers of political change. The analysis covers implications for both democratic and non-democratic nations, evaluates key criticisms, and forecasts developments in political memecoin markets.

Gate Research Daily Report: On February 19, the price of Bitcoin fell by 1.29% to $96,349.1, while Ethereum decreased by 0.78% to $2,677.21. The market capitalization of Meme coins dropped to $6.667 billion. Ondo Finance's TVL surpassed $777 million. Tron and Solana networks have issued $10.75 billion in stablecoins this year. Hyperliquid launched its HyperEVM mainnet. Fold became the first Bitcoin financial services company to list on Nasdaq. Grayscale launched the Grayscale Pyth Trust, a new investment product.

This article offers an in-depth analysis of Japan’s cryptocurrency policy in 2024, examining its historical background, recent advancements, and emerging trends. By drawing comparisons with South Korea's approach and highlighting key case studies, it delves into Japan's influence on the global cryptocurrency landscape and the implications of its regulatory framework, providing a distinctive perspective on the nuances and importance of Japan's cryptocurrency regulations.

Instead of adapting existing services for crypto, traditional companies are creating blockchain-native products, with at least 55 innovating on public chains like Ethereum and its L2s (Polygon, Arbitrum, Base).

This article delves into the cyclical fluctuations of the cryptocurrency market, examining the typical pattern of market euphoria followed by corrections. It also explores the emerging trends in the current cycle, including the growing influence of institutional capital, the dilution of the altcoin market, and the shift in retail liquidity.

Gate Research Daily Report: On February 18, the price of Bitcoin rose by 0.09% to $96,230.5, while the price of Ethereum increased by 1.76% to $2,729.33. Dolomite's Total Value Locked (TVL) surpassed $735 million, setting a new all-time high. Circle expanded its USDC minting on the Solana blockchain, further driving the development of its ecosystem. Michael Saylor released his "21 Rules of Bitcoin," emphasizing the unique value of Bitcoin. A partner at DWF Labs announced the imminent launch of the synthetic dollar protocol Falcon Finance. Brevan Howard Digital deployed $20 million into Kinto, accelerating the entry of traditional finance into the DeFi space.

This article analyzes how crypto payment rails are emerging as next-generation payment infrastructure. As stablecoins gain widespread adoption, DeFi applications mature, on/off-ramp channels multiply, block space becomes optimized, and regulatory frameworks clarify, these rails are creating a parallel financial system that operates 24/7, in real-time, and globally. The article examines traditional financial system components, crypto payment use cases, current challenges, and five-year market projections to provide comprehensive industry insights.

This article explores the U.S. debt-driven economic model and its associated risks, analyzing various options for repaying U.S. debt, including the feasibility of selling gold and Bitcoin. The article highlights that as U.S. national debt surpasses $36.4 trillion, the dominance of the U.S. dollar faces challenges. Against the backdrop of a potential debt crisis, Bitcoin may experience short-term declines but is expected to serve as a safe-haven asset in financial crises in the long run. Additionally, the article delves into Bitcoin’s potential role as a future international settlement currency and the necessary conditions it must meet.

This article examines the development trends of cryptocurrency and blockchain technology in 2025, highlighting three key areas: Gateways that connect traditional financial systems with blockchain networks; Developers who can build more easily on the internet's native economic layer; and Applications that create meaningful real-world use cases. The article suggests that 2025 will be a turning point for the crypto industry as blockchain technology enters mainstream adoption. Moreover, the expansion of stablecoins and real-world assets (RWAs) will further reinforce the global dominance of the U.S. dollar.

This article explores the major changes in the cryptocurrency market today and how these shifts affect investment strategies. It highlights that the traditional "buy and hold" approach is no longer effective, with increased market volatility and uncertainty. Investors now need to be more adaptable in managing their portfolios.

This article analyzes the current development and 2025 trends of DePIN (Decentralized Physical Infrastructure Networks). It examines DePIN's application prospects in AI computing, storage, wireless networks, and other sectors, focusing on the market landscape, investment trends, and key sectors. As capital investment and technological advancements grow, DePIN is moving from a token incentive phase to large-scale application. Despite facing challenges like technical complexity and hardware maintenance, DePIN shows tremendous potential in transforming global digital infrastructure and is poised to become a key pillar of the Web3 ecosystem.

Gate Research Daily Report: On February 17, the price of Bitcoin dropped by 1.29% to $96,349.1, while Ethereum's price fell by 0.78% to $2,677.21. The TVS (Total Value Staked) of the Soneium network surpassed $50 million. The protocol fee revenue of Pump.fun yesterday decreased by over 85% compared to its historical peak. Bitcoin network activity dropped to a 12-month low. Jane Street acquired a 6% stake in the Bitcoin miner Iris Energy. Argentina's president is facing fraud charges due to the collapse of the $LIBRA token. 12 U.S. states invest in Strategy (formerly MicroStrategy).