Airdrop

This report highlights that as of August 2025, the global stablecoin market capitalization has reached $280 billion, with annual on-chain settlement volumes surpassing $30 trillion. Stablecoins are evolving from mere crypto trading instruments into global financial infrastructure. This explosive growth is driven by regulatory implementation and the entry of major enterprises. The enactment of the GENIUS Act, the Stablecoin Bill, and the MiCA Regulation mark the beginning of a “compliance grand era” for stablecoins. Their model has advanced into a “Peg + Yield + Application” triad, expanding across payments, yield generation, and real-world applications. At the same time, competition has shifted from “token battles” to “infrastructure battles,” with players such as Tether, Circle, Stripe, and Alchemy Pay building proprietary blockchains to capture dominance in payments and settlements.

Gate Research Weekly Report: Over the past week, bitcoin has traded between $107,500 and $116,388, moving between its 100-day and 200-day moving averages, suggesting an extended consolidation phase. Mastercard plans to acquire crypto infrastructure company Zerohash for $2 billion. The Grayscale Solana spot ETF has launched, boosting market demand for Solana exposure products. Interest rate cuts are expected to slow, with traders lowering bets on a December cut. Aave Horizon’s RWA market has surpassed $425 million. Bitwise’s Solana ETF saw a second-day trading volume exceeding $72 million. KALSHI’s monthly trading volume reached a record high of over $4 billion.

Gate Research Daily Report: On October 29, the crypto market experienced a broad pullback, with major assets under pressure. BTC fell 0.29%, retreating from above $116,000 to around $112,000, while ETH slipped 0.11%, maintaining a high-level consolidation pattern. Capital flows shifted toward the infrastructure and application innovation sectors — Pi Network (+16.77%) surged following a KYC expansion that spurred short-term inflows; APRO Token (+22.73%) rallied on optimism surrounding its “Oracle 3.0” update and new ecosystem plan; and Puffer (+29.82%) gained traction as its UniFi AVS launch positioned it at the forefront of Ethereum scalability development. Meanwhile, t54.ai introduced x402-secure, establishing a programmable trust and verification framework for the agent ecosystem; Visa expanded its stablecoin support network, with quarterly crypto payment volumes rising fourfold year-over-year; and Tether Gold’s market value surpassed $2.1 billion, which — together with PAX Gold — now accounts for nearly 9

Gate Research Daily Report: On October 27, BTC maintained a steady upward trend, trading above the 30MA, with the short-term trend leaning bullish; ETH continued its strong upward momentum, remaining above the short- and mid-term moving averages. Bitcoin’s non-circulating supply declined, with roughly 62,000 BTC flowing out of long-term holders’ wallets; JPYC launched its yen-backed stablecoin and issuance/redemption platform JPYC EX; Kalshi’s 30-day trading volume exceeded $4 billion, setting a new record for annualized trading volume.

Gate Research Daily Report: On October 24, BTC once again broke above the $110,000 mark; ETH showed a consolidating and choppy trend, rebounding slightly after finding support near $3,750; GT remained range-bound around $15.8. Most tokens continued their strong upward momentum, with market sentiment running high and trading activity notably increasing. Bitcoin’s return above $110,000 boosted optimism as market sentiment was lifted by policy and macroeconomic factors, while the awakening of a “Satoshi-era” wallet—dormant for 14 years and transferring 150 BTC—drew widespread attention.

From October 7 to October 20, 2025, the crypto market continued its rotational structure, with BTC rebounding from 102,100 USDT and ETH stabilizing near 3,680 USDT before moving upward. RAIL surged over 125%, driven by renewed interest in privacy narratives and anticipation of upcoming compliance summits, while COAI and H both gained more than 110%. Overall, capital flowed primarily into mid- and small-cap tokens, with strong rotations across privacy, AI, and on-chain computing themes. Recently, several trending projects in NFT, DEX, and AI sectors have also launched airdrop campaigns, providing users with opportunities to capture rebound momentum and early participation rewards.

Gate Research Weekly Report: BTC and ETH continued to trade sideways as market momentum weakened and overall sentiment turned cautious. Anza launched Jetstreamer, enabling Solana developers to achieve ultra-high-speed ledger data transmission. BlackRock’s BUIDL fund expanded its deployment on Aptos, advancing the development of the RWA tokenization ecosystem. Tesla reported an $80 million profit in Q3 from its Bitcoin holdings, with the total value of its digital assets rising to $1.3 billion. Meanwhile, Tempo announced a $500 million funding round on October 18 to accelerate the growth of its high-performance payment blockchain ecosystem.

Gate Research Daily Report: On October 22, the crypto market experienced a volatile pullback, with major tokens under pressure. BTC fell 0.88%, consolidating near key support levels, while ETH dropped 1.63%, showing continued weakness. AI-related tokens moved against the trend — BLUAI surged 295%, driven by its listing on Gate and the “AI × Sui” narrative; COAI rose 39%, focusing on the AI Agent ecosystem; and LIGHT gained 26%, boosted by its whitepaper release and growing interest in the Bitcoin ecosystem. Meanwhile, overall market structure showed signs of stabilization. Bitcoin’s open interest declined 30% over the week, easing leverage risks, while Gate Perp DEX surpassed $1 billion in cumulative trading volume, leveraging the Gate Layer network and high-performance matching engine to emerge as a key growth driver in decentralized derivatives.

Gate Research Daily Report: Over the past day, the cryptocurrency market has seen a significant rebound, with total market capitalization returning to around $3.87 trillion. Bitcoin broke above the $111,000 mark, rising nearly 2% on the day, while Ethereum traded narrowly between $3,917 and $4,082, showing a mild upward trend overall. Bio Protocol completed a new funding round backed by prominent investors. Growing market interest in Merkle tree technology and Lightning Network scaling solutions drove gains in Treehouse. VanEck’s filing for a Lido Staked Ethereum ETF marks another step toward DeFi’s deeper integration with traditional finance. Meanwhile, a leading asset management firm opened Bitcoin and Ethereum ETPs to retail investors, and Greenlane announced plans to raise $110 million to launch its BERA Treasury Strategy.

Gate Research Daily Report: On October 20, BTC is trading above the MA30, indicating that short-term bullish momentum remains, though it faces notable resistance above; ETH’s short-term MA5 has crossed below MA10, forming a short-term bearish signal. Gate Layer on-chain addresses surpassed 100 million; Solana TVL hit a three-year high at 59.28 million SOL; Aave V4 will support diversified collateral assets, further expanding the financing scope in DeFi.

Gate Research Daily Report: On October 17, the crypto market came under pressure, with major assets broadly declining. BTC fell 1.87%, while ETH dropped 1.70%, both maintaining weak, range-bound structures. A few thematic tokens, however, bucked the trend — XPIN surged 133.33% driven by multi-chain collaboration and mainnet expectations; ZKC rose 56.23% on mainnet progress and real-time proof updates; and KGEN gained 43.22% following its token launch and ecosystem partnership news. Meanwhile, Ethereum remained the top ecosystem by developer count, Tokenized Gold hit a new market cap high, and Chainlink launched its real-time oracle integration, marking further innovation in DeFi infrastructure.

Gate Research Weekly Report: Bitcoin has weakened after a brief rebound from last week’s liquidation-driven sell-off, falling 9.13% over the past week on increasing volume. Stablecoin inflows reached $74 billion, providing liquidity support amid the market downturn. JustLend DAO’s total value locked (TVL) surpassed $7.82 billion. Polymarket’s on-chain activity surged 192% in the past 30 days, with 56,000 daily active wallets. Aave’s RLUSD stablecoin supply reached a new all-time high of 448 million tokens. Over the past 24 hours, total market liquidations amounted to $441 million, including $290 million in long positions and $151 million in short positions.

Gate Research Daily Report: On October 15, Bitcoin (BTC) experienced a strong upward move after a period of high-level consolidation; Ethereum (ETH), after a sharp decline, found support at lower levels and saw a short-term rebound; GateToken (GT) briefly touched the $17.5 mark; and BAS surged approximately 132.85% within 24 hours. Meanwhile, Base’s native token is set to launch soon, aiming to build an interconnected ecosystem on Ethereum. K33 Research Director Vetle Lunde noted in a recent report that the recent leverage flush in the market represents a “healthy adjustment.”

Gate Research Daily Report: Bitcoin has stabilized above $115,000, while Ethereum broke through $4,200, leading a rebound in altcoins. Falcon secured a strategic investment of $10 million from M2 Capital and Cypher Capital, surging 27.2% within 24 hours. Bella Protocol formed a strategic partnership with AITECH, driving BEL up 36.9%. Kalshi partnered with Pyth Network to bring real-time prediction market data on-chain for the first time. Asset manager Amundi is entering the crypto ETF market, further accelerating the integration of digital assets with traditional finance. Following recent liquidations, the market has deleveraged overall, but structural capital and institutional demand remain intact.

On October 13, BTC showed signs of a rebound after briefly dipping to around $102,000. ETH touched a low of $3,394 before quickly stabilizing and rebounding, showing strong short-term recovery momentum. GT found solid support near $14 after a sharp decline, then consolidated and began breaking out with rising volume. In addition, tokens such as SNX (+87.3%), DASH (+50%), and TAO (+40.1%) posted strong rebounds as capital rapidly flowed back into the Privacy and DeFi sectors, reigniting market momentum. The total global stablecoin supply surpassed $301.5 billion, reaching a new all-time high. Meanwhile, USST, a stablecoin launched by Tether co-founder Reeve Collins under the STBL project, has continued to depeg since its debut. Grayscale also filed a Form 10 with the SEC for its Bittensor Trust (TAO), marking a significant step toward full regulatory registration.