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BTC rebounded after a swift dip near $83,800, while ETH regained a foothold above the $3,000 psychological level over the weekend. Overall, the crypto market is showing a technical rebound rather than a trend reversal. BEAT surged more than 46.00% last week, making it the top-performing token. Ethereum emerged as the primary destination for capital inflows, significantly outperforming other networks. Within the BSC ecosystem, competition among prediction markets has intensified sharply. Opinion has taken a leading position, supported by low fees and early liquidity advantages. While newer platforms have introduced innovations in mechanisms and incentives, their marginal contribution to overall market scale remains limited.

Gate Research Daily Report: Bitcoin remains in a consolidation phase. After briefly breaking above the $90,000 level on Monday, it retreated again. Ethereum is trading sideways around the key $3,000 psychological level, with a slight increase in trading volume. PORTAL surged 22.65%, reflecting market optimism toward its institutional infrastructure development. EPIC’s rally was driven by a technical rebound from recent lows, rising 14.63% over the past 24 hours. LazAI’s Alpha mainnet has officially gone live, marking a key milestone as it transitions from testnet to a production-ready, AI-native blockchain. Velo announced a strategic partnership with WLFI to integrate the USD1 stablecoin into the Velo ecosystem, strengthening its PayFi infrastructure.

Gate Research Daily Report: On December 22, BTC stabilized and rebounded quickly after a sharp pullback, currently consolidating in the 88,800–89,000 range; ETH also recovered swiftly after plunging to around $2,775 in the previous drop; GT shows a rebound-from-lows structure with a mildly bullish bias; and RAVE became the standout performer with gains of up to +84.45%. Meanwhile, an address poisoning scam resurfaced, resulting in a crypto user losing $50 million in USDT; Hilbert Group acquired Enigma Nordic for $25 million to further expand its institutional crypto trading strategy; and a Tether executive–linked entity’s acquisition of Northern Data’s Bitcoin mining business has drawn market attention.

Gate Research Daily Report: On December 22, BTC stabilized and rebounded quickly after a sharp pullback, currently consolidating in the 88,800–89,000 range; ETH also recovered swiftly after plunging to around $2,775 in the previous drop; GT shows a rebound-from-lows structure with a mildly bullish bias; and RAVE became the standout performer with gains of up to +84.45%. Meanwhile, an address poisoning scam resurfaced, resulting in a crypto user losing $50 million in USDT; Hilbert Group acquired Enigma Nordic for $25 million to further expand its institutional crypto trading strategy; and a Tether executive–linked entity’s acquisition of Northern Data’s Bitcoin mining business has drawn market attention.

From December 2 to December 15, 2025, global markets exhibited divergent performance. Despite the Fed delivering a rate cut as expected, policy disagreements and expectations of a pause in further easing weighed on risk appetite. BTC and ETH remained in a consolidation phase, while higher-beta assets outperformed. Tokens related to AI applications and privacy computing showed notable strength, whereas narratives around new public blockchains and stablecoins underperformed. Volume–price dynamics were clearly fragmented, with the market still dominated by short-term trading, although structural opportunities remain. Meanwhile, sectors such as node-based networks, incentivized testnets, and community point systems continued to heat up, with projects accelerating early user acquisition through airdrops and point-based incentives. This article outlines the key participation pathways to help users position at low cost and capture potential upside from upcoming mainnet launches, token distributions, and ecosystem ex

Gate Research: On December 19, the crypto market as a whole displayed a synchronized pullback pattern, with risk appetite continuing to cool. BTC surged briefly after the CPI-driven rally but then retreated, leaving its bearish structure unchanged; ETH followed suit in weakness, consolidating under pressure within its range. Market sentiment is primarily characterized by proactive de-risking and awaiting repricing, with the short term likely entering a phase of sideways oscillation and digestion. Tokens such as JELLYJELLY and NBLU bucked the trend and strengthened amid speculative fervor, while IR rose driven by new token listings and exchange-related activity. In terms of hotspots, $23 billion in BTC options are imminent for expiry; Lido DAO has applied for a $60 million ecosystem budget to accelerate its transformation; JPMorgan forecasts that the total stablecoin market cap will reach approximately $500–600 billion by 2028.

Gate Research Daily Report: On December 19, the crypto market pulled back broadly after the initial CPI-driven surge, with risk appetite continuing to cool. BTC spiked above $89,000 before retreating, maintaining its bearish structure and oscillating at lower levels; ETH showed weak rebound momentum, consolidating under pressure in the $2,800–3,000 range. Altcoin sentiment remains subdued, with the market focused primarily on proactive de-risking and defensive positioning. In terms of hotspots, low-cap tokens like JELLYJELLY and NBLU bucked the trend and gained strength amid speculative fervor, while IR rose on new listings and exchange-related activity. Meanwhile, the impending expiry of $23 billion in BTC options, Lido DAO's application for a $60 million ecosystem budget, and JPMorgan's conservative outlook on stablecoin growth potential have emerged as key variables influencing both short-term and medium-term expectations.

This report provides a deep analysis of the rapidly emerging private automated market makers—Prop AMM—within the Solana ecosystem. The study shows that Prop AMM now accounts for 20%–40% of Solana DEX weekly volume and has captured over 80% market share in core SOL-Stablecoin pairs. The report dissects the core mechanisms of Prop AMM, including its “Oracle + Solver” hybrid pricing model, MEV resistance, and elimination of impermanent loss, and compares the strategies and performance of leading players such as HumidiFi and Tessera V, revealing the professional moat built through proprietary capital, closed strategies, and ultra-tight spreads.

Gate Research Weekly Report: The crypto market remains under pressure overall, with BTC consolidating in the $85,000–$86,000 range and the bearish structure intact, while ETH has dipped below $2,900, probing around $2,800, and continues to show short-term weakness; risk appetite for altcoins is subdued, with stablecoin supply contracting slightly and Gas fees staying at extremely low levels. H, GHST, and ACT bucked the trend with gains, driven by post-airdrop capital inflows, incentive adjustments, and momentum from the AI narrative, respectively. This week, active traders on Hyperliquid continued to decline, highlighting intensifying competition among Perp DEXs; BitMine added over 100k ETH again, pushing its total holdings close to 4 million; Strategy kept accumulating BTC, surpassing 670k in total holdings. RedotPay, ETHGAS, and YO closed new funding rounds, drawing attention to payments, the Gas market, and decentralized social sectors. Over the next 7 days, ZRO, H, and MBG face significant token unlocks—w

Gate Research: The crypto market remains under pressure. Over the past 24 hours, Bitcoin has continued to consolidate within a bottom range, with USD 85,000–86,000 forming the most important short-term support zone. Ethereum has broken below the key USD 2,900 support level and briefly dipped toward the USD 2,800 area. Benefiting from post-airdrop capital reallocation, H surged 35.58% over 24 hours, while GHST gained 21.17% driven by reward-based demand and exchange risk adjustments. On the institutional front, TradFi giant EquiLend invested in Digital Prime; Ripple partnered with AMINA Bank on cross-border settlement services; and Securitize plans to launch a fully on-chain stock trading platform in early 2026.

Over the past week, the crypto market has continued to trade in a range near key support levels. BTC and ETH both experienced several rapid rallies and pullbacks, but prices quickly returned to consolidation ranges, indicating that current price action is largely driven by existing capital repeatedly trading in a relatively thin-liquidity environment, with no clear entry of trend-driven incremental capital. At the same time, leveraged positioning has continued to unwind: options open interest (OI) declined overall and became highly concentrated around the December 26 expiry, with an estimated USD 26.5 billion in notional value set to expire. Spot trading volumes remain subdued, making prices more sensitive to marginal capital flows and further amplifying short-term volatility.

In November 2025, the total cryptocurrency market capitalization trended downward overall, as weak buying momentum, rising macroeconomic uncertainty, and cooling risk appetite jointly constrained any meaningful rebound. Stablecoin market capitalization across public blockchains remained highly concentrated, with Ethereum accounting for more than half of the total; fund flows pointed to increasing sectoral divergence, as chains such as Arbitrum and Starknet recorded notable net inflows. Meanwhile, the prediction market continued to expand rapidly, with Opinion’s monthly trading volume surging and quickly emerging as a third major player competing with Polymarket and Kalshi. The Web3 industry completed 53 financing deals totaling $2.67 billion, a sharp decline from October, signaling a phase of contraction and structural tightening.

Gate Research: On December 17, the crypto market continued its recovery, with major assets showing signs of structural rebound. Bitcoin stabilized above the $85,000 level and rebounded to trade around $87,500, where short-term momentum has improved but remains constrained by medium-term resistance. Ethereum recovered to the $2,950 area after its recent decline, though the pace of the rebound has been relatively moderate. Overall market sentiment remains cautious, but rotation within major assets is becoming increasingly evident. On the thematic front, PTB surged sharply amid growing narratives around Bitcoin application-layer expansion and institutional adoption. LIGHT gained strength on expectations tied to Lightning Network and RGB-related technical progress, while ARC rallied on renewed interest in AI agent infrastructure and developer-centric narratives. On-chain data show that short-term Bitcoin supply continues to shift toward long-term holders, while the slowdown in stablecoin growth signals a marginal

Gate Research Daily Report: On December 17, the crypto market continued its recovery, with major assets showing signs of structural rebound. Bitcoin stabilized above the $85,000 level and rebounded to trade around $87,500, where short-term momentum has improved but remains constrained by medium-term resistance. Ethereum recovered to the $2,950 area after its recent decline, though the pace of the rebound has been relatively moderate. Overall market sentiment remains cautious, but rotation within major assets is becoming increasingly evident. On the thematic front, PTB surged sharply amid growing narratives around Bitcoin application-layer expansion and institutional adoption. LIGHT gained strength on expectations tied to Lightning Network and RGB-related technical progress, while ARC rallied on renewed interest in AI agent infrastructure and developer-centric narratives. On-chain data show that short-term Bitcoin supply continues to shift toward long-term holders, while the slowdown in stablecoin growth signa

Gate Research: BTC pulled back sharply after pushing above $94,000, with the $90,000–91,000 zone flipping from support to resistance. ETH retreated from around $3,400 but continues to consolidate above $3,000. M surged more than 46.63% last week, standing out as the top-performing token. Hyperliquid led by a wide margin with roughly $190 million in net inflows, reflecting a clear market consensus bet on on-chain perpetuals, high-frequency trading, and capital-efficient infrastructure. Following its mainnet launch, the stablecoin-focused chain Stable has underperformed narrative expectations, with its next phase hinging on application adoption and real-world use cases.