Research

Gate Research has recently released "Analyzing the Dual Relationship Between Listed Companies and Cryptocurrencies," which examines cryptocurrencies from the perspective of listed companies and listed companies from the viewpoint of cryptocurrency projects. For different listed companies, purchasing cryptocurrencies can be divided into three core motivations: obtaining high staking yields, achieving high asset appreciation, and strategic ecosystem positioning. For cryptocurrency projects, PoW public chains need listed companies with stable cash flows as their coin hoarders; PoS public chains require internet or cloud computing companies as coin hoarders; and Infra-type projects need software security companies as their coin hoarders. Listed companies and project teams need to clearly understand their roles in the ecosystem to establish long-term cooperation and win-win mechanisms.

Gate Research Weekly: BTC up 2.39% to a record 112,000 USDT; ETH surges 8.35%. Pump.fun to launch first token sale on July 12, with Gate supporting the public offering of 150,000,000,000 PUMP tokens. Monad Foundation to acquire stablecoin infra developer Portal Labs. UK crypto platform Ziglu enters special administration due to financial collapse.

This report outlines the current mechanisms for stock tokenization in the market and presents three viable arbitrage strategies for professional investors. It also explores potential opportunities for retail investors amid the tokenization wave. Finally, it examines the trading and systemic risks involved in stock tokenization investments, emphasizing the importance of proper position sizing and risk management.

This report summarizes the Web3 fundraising landscape in June 2025. During the month, a total of 119 fundraising deals were completed, reaching $5.14 billion — the highest monthly total recorded in 2025 so far, reflecting a strong rebound in capital inflows. Fundraising activity this month was marked by high concentration and institutional dominance. The CeFi sector led the way with $3.3 billion — nearly three times the combined total of all other sectors — mainly driven by active large-scale mergers, acquisitions, and post-IPO fundraising, highlighting the accelerating integration of Web3 with traditional finance. The report also highlights major projects including Yupp, Momentum, HashPower, Avantis, and OpenTrade.

Gate Research: On March 30, BTC and ETH remained in a narrow trading range, with the market still in extreme fear. Risk appetite and liquidity have yet to recover, and capital is primarily focused on defensive positioning and existing liquidity rotation. Structural opportunities are concentrated in RWA, application-driven projects, and decentralized network infrastructure, with the gains in GF, STIK, and NKN reflecting narrative recovery and high-beta capital rotation. At the industry level, Pharos is integrating USDC and CCTP into mainnet settlement design, shifting public blockchain competition from performance toward settlement and liquidity capabilities. Meanwhile, Sui continues to improve protocol usability and security, and the launch of TxFlow’s mainnet further strengthens the trend toward integrated execution layers in on-chain finance.

Gate Research Daily Report: On March 30, the crypto market continued to trade in a range-bound consolidation, with BTC and ETH repeatedly fluctuating around key levels and no clear trend reversal. The Fear and Greed Index remains in extreme fear, and the market is still dominated by defensive positioning and short-term trading. On the market side, STIK, GF, and NKN ranked as the top three gainers among assets with market capitalizations above ten million dollars, with capital rotating structurally around sectors with clear narratives such as precious metals RWA and decentralized network infrastructure. At the industry level, Pharos and Circle are advancing the integration of USDC and CCTP into mainnet, pushing stablecoin settlement capabilities into the core design of public chains. Sui continues to improve protocol-level usability and security, while the launch of the TxFlow mainnet strengthens the trend toward integrated on-chain financial execution.

Gate Research Institute Report: From June 24 to July 7, 2025, the cryptocurrency market continues to experience high-level fluctuations, with funds accelerating rotation towards small and mid-cap tokens. Projects like BONK and REKT show a resonance of volume and price, leading to a short-term surge in popularity; some assets with increased volume but stagnant prices reflect market divergence. The structural market trend continues, and unusual trading volumes remain a key signal. Recently, projects such as Altius, Camp Network, ChainOpera, and Sapien have successively opened airdrop tasks. This article will summarize the participation methods to assist users in seizing the rebound period's dividends and layout opportunities.

Gate Research Daily Report: On July 1, BTC and ETH both fell by over 1%, a reasonable correction following the recent token price surge. Online brokerage Robinhood announced that it will allow EU clients to trade U.S. stocks and ETFs on the blockchain, with plans to transfer these tokenized stocks to its own Layer 2 blockchain, Robinhood Chain. Stablecoin issuer Circle has applied for a U.S. national banking license, enabling it to act as a custodian for USDC reserves and hold crypto assets for institutional clients. Polygon Labs, in collaboration with crypto market maker GSR, launched Katana, a DeFi-focused Ethereum Layer 2 blockchain, aimed at addressing on-chain asset fragmentation and unsustainable yields driven by high inflation.

Gate Research Daily Report: On July 14, BTC is testing the 119,000 USDT level, while ETH’s recent strong support is around 2,920 USDT with resistance near 3,000 USDT. BTC has hit new all-time highs, yet Google search interest remains lower than in previous bull markets. Meanwhile, the U.S. Congress is set to vote on several key crypto bills. Additionally, around 10,000 wallets successfully participated in the PUMP presale, with nearly 200 addresses each purchasing over one million USD worth of tokens.

Last week, MemeCore (M) surged over 550%, driven by multiple exchange listings and strategic partnerships, while Stellar (XLM) also posted gains exceeding 100%, supported by protocol upgrades and increased ecosystem activity. Sei Network’s native USDC launch helped its token price jump nearly 35% for the week. Meanwhile, Letsbonk.Fun overtook Pump.fun thanks to lower participation thresholds; despite a decline in traffic, Pump.fun still successfully raised $500 million through its PUMP token presale.

Gate Research Daily Report: On July 15, Bitcoin (BTC) surged past the 120,000 USDT mark, reaching a peak above 123,000 USDT, significantly setting a new historical high. Ethereum (ETH) also repeatedly crossed the critical 3,000 USDT threshold but failed to hold steady at this level. The PUMP token has been listed on major mainstream cryptocurrency exchanges, with its price soaring over 40% compared to its subscription price. Aave’s net deposits have surpassed $50 billion, making it the first DeFi protocol to reach this scale. Trusta announced a strategic partnership with Solana on the Solana Attestation Service and received infrastructure funding from the Solana Foundation. Kazakhstan’s Central Bank Governor Timur Suleimenov stated that the country plans to explore investing its gold and foreign exchange reserves, as well as national fund assets, in cryptocurrencies.

Gate Research Daily Report: On July 16, BTC pulled back to around 117,000 USDT, while ETH led short-term gains. Among trending tokens, EIGEN surged nearly 12% on positive developments from its collaborations with Fuel and Boundless; TAO rose nearly 8% following the launch of the wTAO airdrop and staking platform; and ENA gained over 8% after its partnership with Neutrl, which is driving new use cases for USDe.On the policy and capital front, Trump brokered a consensus to advance the GENIUS Act, with a House vote scheduled for the following morning. The bill is expected to become a key milestone in U.S. stablecoin regulation, potentially boosting institutional confidence in compliant assets like USDC. Meanwhile, the NYSE officially approved a leveraged XRP ETF, further integrating Ripple ecosystem assets into mainstream financial markets.

Gate Research: From July 1 to July 14, 2025, the crypto market maintained a moderately bullish trend. BTC continued to break through resistance and hit new highs, supported by a solid market structure and active inflows from major players. In contrast, ETH traded sideways with weaker momentum. Long-short ratios and open interest suggest a neutral-to-bullish sentiment for BTC, while ETH remained in a wait-and-see mode. Funding rates hovered near the neutral axis, reflecting overall cautious market sentiment. Liquidation patterns were orderly, with short squeezes providing upward momentum for BTC. On the policy front, continued positive developments injected liquidity and confidence into the market. In terms of quantitative strategies, the “ATR Volatility Channel Strategy” delivered over 200% returns in XRP trading, demonstrating strong short-term trading potential.

Gate Research Weekly Report: This week, ETH surged past $3,400 with strong momentum, while BTC underperformed compared to altcoins. USDT market cap surpassed $160 billion, hitting a new all-time high. Orca plans to launch its Launchpad by late July or early August. Aave’s TVL exceeded $30 billion, setting a new record. Pump.Fun reclaimed its position as the leading token launch platform on Solana, capturing 46.9% market share over the past 24 hours.

The latest report by Gate Research, titled "Hyperliquid's Dark Horse Journey: Unpacking the Rise of the On-Chain Derivatives Dominator", which provides a comprehensive analysis of how Hyperliquid rapidly evolved from a challenger into the dominant force in the on-chain derivatives market. With a commanding 80% market share, Hyperliquid now leads the sector. By developing its own Layer 1 chain, native order book, and ultra-fast infrastructure, it delivers a trading experience comparable to centralized exchanges, attracting a high concentration of professional traders and whale capital. This active trading not only fuels deep liquidity but also serves as a powerful "live advertisement." Coupled with a $620 million airdrop and anti-VC narrative, Hyperliquid successfully drove user growth and liquidity inflow. The launch of HyperEVM has further expanded its ecosystem and revenue streams, solidifying its position as a market leader.