Macro Trends

This article examines Bitcoin’s journey toward becoming a recognized reserve asset, reviews legislative developments across various jurisdictions, explores the key drivers and obstacles influencing its adoption, and outlines three possible future scenarios.

Summing up the trip to Hong Kong, it was a major collapse of industry norms and also a formal written judgment on Ethereum. As the most successful entrepreneur in the industry, did he steer the industry's course well? Is he leading the industry toward nihilism?

This report summarizes the on-chain data situation for Web3 in February 2025. The cryptocurrency market experienced a pullback after reaching new highs, with some holders in a loss-making position. However, despite the market correction, ecosystem development continues to progress steadily. On February 6, the Berachain mainnet was officially launched. With its Proof of Liquidity (PoL) mechanism and three-token model, it quickly became a market focal point. As the Berachain ecosystem rapidly expands, the value of the $BERA token is reflected in trading activity. It is gradually becoming the core asset of ecosystem liquidity, driving on-chain applications and user growth.

Gate Research Daily Report: On March 7, Bitcoin price dropped 4.97% to 87,612.3 USD, while Ethereum price fell 5.91% to 2,156.88 USD. Trump signed an executive order to formally establish the United States Bitcoin Strategic Reserve. Safe{Wallet} investigated the Bybit security incident and confirmed its connection to North Korean hacker group TraderTraitor. Japan's ruling party plans to reduce the cryptocurrency transaction tax rate to 20%. Aave's high-risk loans decreased by nearly $1 billion, indicating a market deleveraging trend. USDC Treasury newly minted 66.499 million USDC on the Ethereum blockchain, with circulation continuing to grow.

This article analyzes the first cryptocurrency executive order signed by Trump, covering its core content, the executing team, the timeline, and compares it with the policies of the Biden administration. It also delves into the future prospects and potential risks.

Gate Research has released its latest report, "Gate Research: February Cryptocurrency Market Review," summarizing and analyzing February's market trends, on-chain data, key events, security incidents, funding activity, and upcoming developments. This report provides deep insights into the overall performance of the crypto market and key industry trends.

Gate Research: In February 2025, a series of significant events unfolded—from the U.S. government announcing new tariffs on Mexico and Canada, to an Oklahoma legislator proposing the Bitcoin Freedom Bill, and 10 companies receiving approval to issue stablecoins under the MiCA regulatory framework in the EU. These developments reflect signs of economic recovery, shifts in the regulatory landscape, and the impact of policy uncertainty on the market, providing crucial insights into the current economic climate and future trends.

This week, BTC briefly rebounded to $95,000 before retesting the $81,500 support level, while ETH remained in a triangular consolidation pattern. Ripple established the National Cryptocurrency Association in the U.S., Aave introduced a token buyback program and activated its fee switch to optimize its economic model, and Pendle launched a Community Listing mechanism to enable a permissionless yield market. Berachain led capital inflows, securing the top position this week, while Pump.fun's February trading volume dropped 63% month-over-month. In the NFT market, Paradise topped the rankings with a seven-day trading volume exceeding 28,000 SOL.

Gate Research(Feb 28 - Mar 6, 2025), this report provides a comprehensive analysis of key developments in the cryptocurrency market and the broader macroeconomy. On February 28, the U.S. core PCE price index for January rose by 2.6% year-on-year, generally in line with expectations. On March 3, Trump announced an initiative to establish a U.S. crypto reserve, incorporating BTC, ETH, SOL, XRP, and ADA as core assets. On March 5, USDC became the first USD stablecoin approved for use in Japan. The White House supported repealing the crypto broker rule, potentially signaling a turning point for DeFi regulation. U.S. February ADP employment numbers unexpectedly fell to 0.077 million, falling short of expectations.

This article provides an in-depth analysis of the current state and future prospects of U.S. Bitcoin reserves and sovereign wealth funds. It explores the fundamental concept of sovereign wealth funds, the background behind the establishment of new sovereign wealth funds in the U.S., and their potential strategic allocation of Bitcoin. By comparing the progress of various U.S. states and other countries in digital asset investments, the article distinguishes between sovereign wealth funds and Bitcoin strategic reserves while projecting future trends. Additionally, it examines the multiple risks associated with this strategy, including market volatility, funding sources, and cybersecurity challenges, offering readers a comprehensive and insightful perspective.

This article provides an in-depth look at the Ethereum Foundation, covering its organizational structure, operational framework, funding sources, expenditures, and its role in supporting the Ethereum ecosystem. We will also explore how the foundation differs from traditional corporations, the challenges and controversies it faces, and its potential future developments.

Gate Research Daily Report: On March 5, Bitcoin price rose 4.32% to 87,733.4 USDT, while Ethereum price increased 5.35% to 2,182.01 USDT. Ondo Finance TVL surpassed $1 billion. Morph TVL exceeded $20 million. Solana network fees dropped to $1.16 million. USDC became the first USD stablecoin approved for use in Japan. In February, the market capitalization of 14 Bitcoin mining companies declined 22%. The White House supported repealing the crypto broker rule, signaling a potential turning point for DeFi regulation.

By analyzing Trump's actions in the crypto space, this article exposes how political power and capital exploit decentralization as a facade to construct a new extraction. It reveals insider trading and power manipulation in crypto while exploring the dual nature of blockchain technology in the real world.

This article analyzes the SEC's stringent regulatory policies on the crypto industry in recent years and the gradual relaxation following Trump's election. Through concrete cases and data, it explores how shifts in SEC regulation impact the crypto market, particularly exchanges and crypto projects.

Gate Research Daily Report: On March 4, BTC price dropped 9.31% in the past 24 hours, currently at 84,208 USDT. ETH price declined by 14.34%, now at 2,077 USDT. The total value locked (TVL) in the Maple Finance protocol has surpassed $400 million, reaching an all-time high. The TVL of the Soneium public blockchain has exceeded $50 million, also hitting a record high. The Bybit hacker has laundered 499,000 ETH within 10 days. The SEC has announced the personnel list for its crypto task force, aiming to clarify the regulatory framework for digital assets. CME will launch SOL futures on March 17. Aave has expanded to the Sonic mainnet, deploying its V3 lending market.