Gate Research: Google Finance Integrates Kalshi and Polymarket Data | Gate Launches Decentralized Web3 Launchpad

Crypto Market Overview

• BTC (-1.35% | Current Price: 101,532 USDT): BTC remains in a short-term consolidation pattern, hovering narrowly around the $101,500 level. The short-term moving averages (MA5, MA10) continue to converge slightly below the long-term MA30, indicating a lack of clear market direction and lingering bearish pressure. After a sustained decline from the $110,000 zone, BTC has repeatedly found support between $99,000–$100,000, suggesting signs of a potential interim bottom. On November 6, BTC ETFs recorded a net daily inflow of $239 million, with BlackRock’s IBIT seeing $112 million and Fidelity’s FBTC gaining $61.6 million.
• ETH (-2.63% | Current Price: 3,310 USDT): ETH continues its downward trend, currently consolidating around $3,310. The short-term moving averages (MA5, MA10) remain below the MA30, forming a clear bearish alignment that signals ongoing short-term weakness. Structurally, ETH has repeatedly faced selling pressure near the $3,350–$3,400 zone, reflecting heavy overhead resistance and weak buying momentum. Key support lies at $3,250–$3,200; a breakdown below this area could lead to a retest of the previous low near $3,060. On November 6, ETH ETFs saw a net inflow of $12.5 million, led by BlackRock’s ETHA ($8 million) and Fidelity’s FETH ($4.9 million).
• Altcoins: Most major altcoins continued to decline, with overall market sentiment remaining cautious. Investor attitudes are primarily “neutral” to “buy,” while the Fear and Greed Index stands at 24, within the fear zone, reflecting persistently low risk appetite.
• Macro: On November 6, the S&P 500 fell 1.12% to close at 6,720.32, the Dow Jones dropped 0.84% to 46,912.30, and the Nasdaq declined 1.90% to 23,053.99. As of November 7, 4:00 AM (UTC), spot gold is trading at $3,988 per ounce, up 0.28% over the past 24 hours.

Trending Tokens

SAPIEN Sapien(+186.47% | Circulating Market Cap: $86.44M)

According to Gate market data, SAPIEN is currently priced at $0.342, up 186.47% in the past 24 hours. Sapien is an open protocol for large-scale, verified human knowledge collection, enabling contributors to create high-quality AI training datasets for specialized applications. The SAPIEN token supports staking, rewards, and governance functions.

The token’s recent surge was primarily driven by its new exchange listing and simultaneous “holder airdrop” campaign, which sparked a sharp increase in trading activity and liquidity inflows. However, as the airdrop hype fades and profit-taking accelerates, market sentiment has cooled rapidly, leaving the token under short-term selling and liquidation pressure.

FIL Filecoin(+50.87% | Circulating Market Cap: $1.464B)

Gate data shows FIL is currently trading at $2.085, up 50.87% in 24 hours. Filecoin is a decentralized storage network built on the InterPlanetary File System (IPFS), incentivizing users to provide and retrieve data storage through its native FIL token, which is used for payments, miner rewards, and governance participation.

FIL’s strong rally was driven by multiple catalysts. The network announced an upcoming v1.5.0 upgrade, featuring FIP-0010, which significantly reduces Gas costs via off-chain verification — seen as a key breakthrough in network efficiency. FIP-0007 further optimizes data structures, strengthening investor confidence. The Filecoin Virtual Machine (FVM) continues to expand, with rising smart contract deployments and total value locked (TVL). Strategic partnerships — including those with exchanges and Meta Media — have advanced commercialization and boosted liquidity. On-chain data shows both whales and retail investors accumulating FIL, with strong net inflows. The combination of technical upgrades, ecosystem growth, and positive capital flows has propelled FIL above key resistance levels, fueling upward momentum.

DUSK Dusk Network (+43.27% | Circulating Market Cap: $39.03M)

Gate market data shows DUSK trading at $0.077, up 43.27% in the past 24 hours. Dusk Network is a Layer-1 blockchain designed for privacy-preserving financial applications, enabling confidential smart contracts for asset tokenization, trading, and corporate collaboration — with features such as a private Byzantine consensus (SBA), zero-knowledge-based Proof-of-Stake, scalability, and fast, anonymous transactions.

DUSK’s rally was supported by both sector momentum and fundamental progress. Technically, the token broke an eight-month downtrend and successfully retested its 100-day EMA ($0.0739) as support. On the regulatory front, Dusk obtained a trading license via NPEX and integrated with a custodian bank, marking a key milestone for RWA tokenization under MiCA compliance. Looking ahead, the planned launch of DuskEVM in November 2025 — combining privacy features with EVM compatibility — is expected to enhance institutional adoption, reinforcing the token’s bullish trajectory.

Alpha Insights

Yield-Bearing Stablecoins Face Largest Weekly Outflow Since Luna Collapse — Totaling $1 Billion

According to Stablewatch data, yield-bearing stablecoins have just experienced their largest capital outflow since the 2022 Terra (LUNA/UST) collapse, with total withdrawals exceeding $1 billion over the past week. The volatility was primarily triggered by Stream Finance’s xUSD, which collapsed to zero after its underlying fund suffered a $93 million loss, sparking a chain reaction across the sector. Coinshift’s csUSDL saw its TVL plunge 95% to just $1.92 million, while Elixir’s deUSD and sdeUSD simultaneously faced liquidity crises — underscoring a renewed rise in systemic risk across the yield-stablecoin market.

The sharp outflows once again highlight the structural fragility of yield-bearing stablecoins — an overreliance on off-chain yields and liquidity pool mechanisms that leaves them highly vulnerable to asset fluctuations or operational risks. Unlike overcollateralized stablecoins such as USDC or DAI, these products are closer in nature to “tokenized yield funds”, with complex and opaque risk transmission paths. In the short term, shaken investor confidence may prompt capital rotation back to safer assets like USDC and DAI. Over the longer term, this event could drive regulators and issuers to rebuild risk disclosure frameworks and improve asset management transparency within the yield-stablecoin sector.

Gate Launches Decentralized Web3 Launchpad — Pioneering a New On-Chain Token Issuance Model

Gate has officially launched its decentralized token issuance platform — Web3 Launchpad, aimed at providing users and projects with a secure, transparent, and fair on-chain fundraising environment. Unlike traditional centralized launchpads, Web3 Launchpad automates the entire process — from subscription to token distribution and settlement — via smart contracts, enabling full on-chain verification and auditability. The platform adopts a DEX-based public sale mechanism, allowing users to participate directly through on-chain wallets without asset custody. All listed projects must pass Gate’s contract security audits and eligibility screening, while also gaining access to liquidity and promotional support from the Gate ecosystem.

This launch marks a significant step in the “on-chain evolution” of centralized exchanges (CEXs). By combining audited security with decentralized issuance mechanics, Gate strikes a balance between transparency and user control — enhancing investor confidence while lowering entry barriers for new projects. At an industry level, this move could represent a pivotal moment in CEX self-evolution, accelerating the shift of token issuance back on-chain and toward open, verifiable ecosystems.

Google Finance to Integrate Kalshi and Polymarket Prediction Market Data

Google Finance announced plans to integrate prediction market data from Kalshi and Polymarket, allowing users to query real-time market probabilities for future events directly through Google’s search interface. For instance, typing “Will the Fed cut rates?” or “Will a specific candidate win the election?” will soon display live market-implied probabilities and historical trend charts generated by these Web3 prediction platforms. The feature is expected to roll out in phases over the coming weeks.

Google’s integration of prediction market data represents a major convergence of traditional finance and Web3 information systems. Kalshi, as a regulated U.S. prediction market, brings institutional legitimacy and compliance, while Polymarket embodies decentralized innovation and crowd-sourced intelligence. By incorporating both datasets, Google positions “market consensus” as a mainstream information source, enhancing the visibility and credibility of prediction markets. This integration could lay the groundwork for an “intelligent financial search layer”, blurring the lines between traditional financial data and crypto-native market insights.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/categories
• X, https://x.com/stablewatchHQ/status/1986438113586258357
• Gate, https://www.gate.com/announcements/article/48041
• Bloomberg, https://www.bloomberg.com/news/articles/2025-11-06/google-to-offer-kalshi-and-polymarket-data-on-finance-searches?srnd=phx-crypto

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.