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Gate Research Weekly Report: This week, BTC and ETH prices remained in an upward range, signaling a broader market recovery. El Salvador submitted a cross-border regulatory sandbox proposal to the U.S. SEC, demonstrating its forward-looking approach to crypto regulation. Floki partnered with Rice Robotics to bring AI data markets on-chain, further expanding blockchain's application scenarios. Meanwhile, Russia announced the establishment of a crypto exchange for qualified investors, marking a key step toward legalization and laying the groundwork for future regulatory frameworks. Notably, dApps generated $1.8B in total fee revenue in Q1 2025—surpassing blockchain infrastructure protocols and highlighting the growing appeal of decentralized applications. On the security front, the XRP Ledger Foundation confirmed that its SDK had been compromised with a backdoor, putting hundreds of thousands of developer projects at risk and underscoring the importance of cybersecurity. Puffer Finance launched an institutional

Gate Research (April 18 – 24, 2025): This report provides a comprehensive analysis of significant developments in the cryptocurrency market and macroeconomic environment. On April 18, the Slovenian Ministry of Finance proposed a draft bill to impose a 25% tax on crypto transactions. On April 22, the Bank of Korea announced plans to advance stablecoin regulatory legislation and establish a comprehensive compliance framework. The Eurozone's preliminary consumer confidence index for April dropped to -16.7, falling short of expectations. On April 23, U.S.-China trade tensions eased as President Trump stated he would “substantially lower” the current 145% tariffs on China. The U.S. April Markit Composite PMI hit a 16-month low, though manufacturing outperformed expectations. JD's stablecoin project entered the regulatory sandbox testing phase in Hong Kong.

Gate Research (April 18-24, 2025): On April 17, Eliza Labs launched Auto-Fun, an AI agent Launchpad platform to accelerate AI-blockchain integration, while Circle released the Refund Protocol and stablecoin payment network to enhance on-chain payment flexibility. On April 21, the Ethereum Foundation initiated strategic adjustments for the Pectra upgrade, focusing on throughput bottlenecks and cross-chain interoperability. On April 23, Hyperliquid introduced 21 permissionless nodes and planned a delegation mechanism to strengthen decentralized governance and security. On April 24, the Solana Foundation implemented a new delegation policy, removing inactive validators to enhance network decentralization.

On April 23, BTC rose 5.38% to $92,877.5, and ETH surged 13.19% to $1,783.45, driven by multiple positive factors including the easing of US-China trade tensions and changes in SEC leadership. However, sluggish inflows into Ethereum spot ETFs and continued pressure on locked token holders highlight structural divergences in the market. Meanwhile, there have been notable developments in the on-chain ecosystem and regulatory landscape: Hyperliquid introduced a new validator mechanism, and JD.com's stablecoin entered Hong Kong's regulatory sandbox—signaling progress in infrastructure development and compliance efforts.

Gate Research conducts an in-depth analysis of the oracle sector, exploring the strengths and strategic layouts of leading projects such as Chainlink, Pyth, and Redstone. It looks ahead to the second growth curve driven by RWA, AI, DePIN, and other factors, forecasting that the oracle market has a potential value of $23.1 billion. This article will examine the topic from four aspects: the development history of oracles, market size, core projects, and future development.

Gate Research's latest report, "2025 Q1 BTC Network Review," presents a detailed analysis of Bitcoin's market performance, on-chain activity, transaction costs, ecosystem evolution, mining metrics, and technical upgrades in Q1 2025. The report offers key insights into the state and future direction of the Bitcoin network.

Gate Research's newly released report, "Q1 2025 Ethereum Network Review," offering a comprehensive analysis of Ethereum's market performance, holder distribution, network activity, on-chain applications, and future outlook for the first quarter of 2025. The report delivers in-depth insights into the overall state of the Ethereum network and its key emerging trends.

This report provides a comprehensive review of Solana’s network performance in Q1 2025. It covers price movements, on-chain activity, the state of smart contracts and staking, growth in stablecoins and decentralized exchanges (DEXs), returns from DePIN, and the cooling of the NFT market. It also examines the implications of the failed inflation governance proposal SIMD-0228 and what it could mean going forward.

Gate Research Daily Report: On April 22, Bitcoin rose 0.9% to $88,056, with a market dominance of 63.6%, reaching a four-year high. Ethereum fell 3.8% to $1,575. Market risk-aversion sentiment intensified, with gold breaking through $3,480. The Bank of Korea is advancing stablecoin regulatory legislation, Circle has launched a global payment network, and Base chain's daily token creation volume has surpassed Solana for the first time. Pump.fun's graduation rate has rebounded.

Gate Research Daily Report: On April 21, Bitcoin rose 2.4% to $87,400, and Ethereum increased 0.49% to $1,631, reflecting a gradual recovery in market sentiment. Vitalik Buterin proposed replacing the EVM with RISC-V, potentially ushering in a new wave of technological revolution for Ethereum's execution layer. Canary Capital is seeking approval to launch a staked TRX ETF, signaling the accelerating integration of crypto assets into the traditional financial system. Global retail giant SPAR is piloting crypto payments in Switzerland, further expanding real-world use cases. Hyperliquid is rapidly emerging in the on-chain derivatives market, commanding nearly 70% market share. Tether users have surpassed 450 million, with stablecoin growth remaining robust.

Gate Research Daily Report: April 18: Bitcoin is priced at $84,927, while Ethereum edged up to $1,587.17. Solana's DEX trading volume surpassed Ethereum, ranking first across all chains. Circle Research released the Refund Protocol. Ethereum transaction fees hit a five-year low, and the DeFi market lost nearly $49 billion in Q1. Slovenia proposes a 25% crypto tax.

The intersection of AI and crypto has always been a narrative brimming with potential. Blockchain's decentralized nature perfectly complements the efficiency gains brought by artificial intelligence, inspiring countless developers to invest heavily in this vision. Tools like DeepSeek are leveraging human-like content generation technology to accelerate Web3 cultural content production automation. This opens up vast new opportunities for value creation in the Web3 content creation space.

Gate Research: This report covers key blockchain industry developments from April 11-17, 2025. Ethereum gas fees hit a record low, with the average transaction cost in March plummeting 80% compared to the end of last year; Gate.io released its Q1 2025 report, showing growth in both trading volume and reserves; OM experienced a flash crash with a peak drop of over 90%; TRON reported record-high quarterly revenue of $760 million; Solana raised its block compute limit, further enhancing network performance; Sony-backed Soneium partnered with EigenLayer to reduce blockchain finality time by 98%, setting a new benchmark for L2 performance; and the depegging of sUSD worsened, triggering market panic.

Gate Research: This week, Huddle01, Mint Blockchain, Gradient Network, and ByteNova have all presented opportunities for users to engage with the Web3 ecosystem. Huddle01 is a Web3-based decentralized video conferencing platform where users can earn points by completing social tasks, missions, interacting with applications, collecting badges, and inviting friends. Mint Blockchain, a Layer 2 blockchain focused on the NFT ecosystem, is distributing its airdrop in phases to MintID stakers, GreenID users, and Mint Expedition participants. Gradient Network, a decentralized edge computing platform built on Solana, allows users to earn points through registration, completing tasks, installing browser extensions, and inviting friends. ByteNova, a decentralized edge AI ecosystem, enables users to earn points by connecting wallets and social accounts, inviting friends, completing tasks, and checking in daily—these points will later be converted into rewards. All of these projects are in their early stages of developmen

This article explores how reciprocal tariff policies affect global financial markets through macroeconomic transmission mechanisms. It further analyzes their impact on the ecosystems of stablecoins, real-world assets (RWAs), and decentralized finance (DeFi), examining both the underlying mechanisms and the potential risks and opportunities involved.