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- 💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
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3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
Gate Research Institute: BTC, ETH oscillate pullback, SEC approves the first batch of dual-asset encryption ETFs
Summary
Market Commentary
According to the market data on Gate.io, as of 4:00 UTC+0 on December 20th【1】, ...
Popular Tokens
IDOODLES (Doodles Fraction Token) - The single-day increase is about 58.4%, with a market value of 2.49 billion US dollars. Doodles Fraction Token is Gate.io's solution to the high cost and lack of liquidity faced by top-tier NFTs, proposing a fractionalized tokenization approach for Doodles NFTs [9].
The wealth effect triggered by PENGU's issuance seems to be driving NFT projects to follow suit. Recently, burnt toast, the founder of Doodles, posted a meaningful tweet on social media, whose acronym spelled out "token is coming", implying that Doodles may soon launch its own token, which further fueled the speculative enthusiasm in the market. In addition, a big whale has been buying heavily into other leading NFT projects, driving up their trading volume and prices, as well as the price of IDOODLES 【10】.
USUAL (Usual) – a one-day increase of about 40.71%, with a circulating market capitalization of $747 million. ** USUAL is the governance token of the multi-chain infrastructure protocol Usual. Usual integrates tokenized real-world assets (RWA) from entities such as BlackRock and Ondo to mint the stablecoin USD0. USUAL holders will enjoy the actual revenue, future revenue, and ownership of the Usual platform protocol in the future.[11]
Recently, USUAL has reached a cooperation with $ENA. By combining the mining contract rate with the US Treasury yield, and introducing the coin price subsidy APY yield, USUAL has built a positive cycle that promotes the rise in coin price. In addition, USUAL's Total Value Locked (TVL) has surpassed $1.2 billion, demonstrating strong market growth momentum. Its deflationary model and community-driven governance model have further enhanced the market's recognition of token value, attracting a large number of investors and jointly promoting the rise in token price.
FARTCOIN (Fartcoin) - with a daily increase of about 20.75%, the circulating market value is 1.204 billion US dollars. Fartcoin is a Meme coin driven by the concept of Terminal of Truth, with AI worship culture as the background. On this platform, users can freely converse with two AIs without any restrictions through custom dialogue settings. [12]
Fartcoin's rapid growth is due to its unique AI conversation theme and AI Meme concept, which has resonated strongly within the AI and Web3 communities. Recently, FARTCOIN has become a hot topic on Twitter, with its market value surpassing $1.2 billion, placing it among the top meme coins. The positive news of its token listing on mainstream exchanges, along with its community-driven development model and humorous brand image, has fueled its viral spread and also driven up its token price.
Highlighted Data
Animoca Brands Q3 revenue is $69 million, an increase of 43.8% compared to the previous quarter Animoca Brands released its Q2 and Q3 2024 financial report, with a total revenue of $69 million in Q3, a 43.8% increase QoQ and a 165% increase YoY. The revenue mainly comes from three business segments: Digital Asset Advisory (DAA) contributed $25 million, Web3 operations generated $39 million, and investment management brought in $5 million. As of the end of September 2024, Animoca Brands holds $248 million in cash and stablecoins, $330 million in liquid digital assets, including ETH, BTC, and APE. Additionally, the company holds off-balance-sheet token reserves worth $1.6 billion, including SAND, EDU, MOCA, REVV, TOWER, GMEE, and others.
Animoca Brands is a Hong Kong-based Web3 game software company and venture capital firm. The significant growth in the company's third-quarter revenue indicates the increasing popularity of Web3 games and the growing number of active players [13].
K33 Research: Institutional investors bought 859,000 bitcoins in 2024, equivalent to 8 years of bitcoin production K33 Research's latest report indicates that institutional investors collectively purchased 859,454 bitcoins in 2024, accounting for about 4.3% of the total circulation, equivalent to 8 years of bitcoin issuance. Among them, the cumulative increase in spot ETF funds held 561,781 bitcoins, and the total management scale of ETFs in the United States has reached 1.4 million bitcoins. Among them, BlackRock's IBIT has the largest holding of 542,653 bitcoins, worth about $54 billion.
In terms of listed companies, a total of 297,673 bitcoins were added in 2024, with MicroStrategy acquiring nearly 250,000 through an active financing strategy, currently holding 439,000. The report points out that although about 230,000 bitcoins came from bankruptcy liquidation and seized assets this year (including Mt. Gox and the German government), institutional demand effectively absorbed the selling pressure. Currently, about 22% of the circulating supply can be traded in the market, close to the peak level of 2021. In the fourth quarter of 2024, major US technology companies such as Amazon and Microsoft have proposed purchasing bitcoins by shareholders. Although Microsoft's proposal did not pass, it also indirectly reflects the increasing importance of cryptocurrencies to large US technology companies. In the future, listed companies will further participate in the crypto industry.
Hyperliquid 24-hour trading volume exceeded 13 billion US dollars, reaching a record high Hyperliquid's record-breaking transaction volume is due to its high-performance L1 public chain designed for ultra-fast transactions, which significantly improves transaction efficiency and matchmaking accuracy with a block packaging time of 0.2 seconds and the ability to process 200,000 transactions per second, surpassing the traditional AMM model. In addition, the revolutionary change of zero gas fees allows users to trade freely without worrying about the burden of fees. Hyperliquid's "master with orders" vault strategy and Dutch auction mechanism have also attracted users greatly, with more than 310,000 users on the platform today. The introduction of Dutch auctions has also opened up a new path for the continued explosion of meme projects [15].
Hot Comments
SEC Approves Listing Applications for Hashdex and Franklin Crypto Index ETFs The U.S. Securities and Exchange Commission (SEC) has approved the listing applications of Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, as per documents released. These two ETFs will simultaneously hold Bitcoin and Ethereum spot, and determine the allocation ratio based on market value free float. They will be listed and traded on the Nasdaq and Cboe BZX exchanges. The SEC pointed out in the approval documents that the CME Bitcoin and Ethereum futures markets are highly correlated with the spot market, and the comprehensive regulatory sharing agreement between Nasdaq, Cboe BZX, and CME can effectively monitor and prevent market manipulation. The two ETFs are required to comply with strict disclosure requirements, including updating the fund's net asset value every 15 seconds and publishing net asset value and other information on the exchange website.
According to Farside Investors data, as of December 19th, the cumulative net inflow of Bitcoin spot ETF exceeded 36 billion US dollars. The SEC's approval of ETFs that allocate BTC and ETH assets demonstrates the traditional financial regulatory authorities' recognition of the crypto market【16】.
Deutsche Bank: The Fed will not cut interest rates next year Deutsche Bank has released a report on this week's FOMC meeting, which reinforces the bank's fundamental view that the possibility of skipping (rate cuts) at the January meeting may turn into an extended pause (rate cuts) in 2025. Deutsche Bank continues to believe that the nominal neutral interest rate is around 3.75% and that the committee needs to maintain a restrictive stance relative to that level. Therefore, Deutsche Bank reiterates its view that the federal funds rate may stay above 4% next year, and the basic situation is no further rate cuts.
The report also pointed out that some Federal Reserve participants have begun to incorporate the potential economic impact of President-elect Trump's policies into their forecasts, which could result in higher inflation forecasts for 2025 and 2026. In terms of the labor market, Powell described it as stable but noted that the current level of job creation is below the level needed to maintain a stable unemployment rate. The Deutsche Bank report has intensified concerns in the market about the weakening expectation of interest rate cuts, and the stock market and cryptocurrency market may continue to adjust.
MetaMask expands encrypted payment card pilot program, allowing US users to make payments directly through the wallet According to an article by Cointelegraph on the X platform, MetaMask has expanded its cryptocurrency payment card pilot program in the United States, allowing users to pay directly from their wallets. In February 2024, MetaMask stated that its current active user count is almost the same as the active user count during the peak of the previous bull market. The number of monthly active users has grown by 55% in four months, from 19 million in September last year to over 30 million in January this year. The ability for US users to pay directly through the Metamask wallet will further expand the wallet's use cases and may lead to further growth in user numbers [18].
Financing Information
According to RootData, in the past 24 hours, a total of 4 projects publicly announced financing, with the highest financing amount being 4 million US dollars, and a total financing of over 10.2 million US dollars, involving the DeFi, AI, and Privacy sectors. Here are the top three financing scales【19】:
Kettle Finance —— Kettle Finance has completed a $4 million financing round, led by ParaFi Capital, with other investors including Signum Capital, IOSG Ventures, Kronos Research, and other investment institutions. Kettle is a peer-to-peer marketplace that enables users to trade the full financial value of luxury watches. With Kettle, watch collectors can access the 24/7 global watch economy. Each watch on Kettle is fully insured, certified, and stored in the Kettle Vault in New York.
BitDCA - BitDCA has completed a $2 million Pre-Seed financing. BitDCA is a fintech company based in the Czech Republic that has launched a Bitcoin savings application called 'Littlebit'. The Littlebit app allows users to automatically save a portion of their daily expenses in Bitcoin, making savings modern, accessible, and potentially profitable. Users link their existing debit or credit cards to the app, set the savings percentage, and the system takes care of the rest - automatically converting a portion of each transaction into Bitcoin.
FLock.io - FLock.io announced the completion of a $3 million strategic financing. This round of financing was led by Faction, and also received participation from investors such as Animoca Brands, Fenbushi Capital, and GSR. FLock aims to build a decentralized privacy protection solution for artificial intelligence. FLock has proposed a research program called Federated Learning on Chains (FLocks), which uses blockchain as a coordinating platform among data holders for machine learning while keeping the data local and private. By replacing centralized entities that collect data and organize machine learning with blockchain, FLocks aims to allow users to extract insights from their own data and make decisions on monetization themselves.
Airdrop Opportunity
Plume Network – Plume is a fully integrated, modular Layer 2 blockchain focused on real-world assets (RWA) designed to simplify asset onboarding with native infrastructure and RWAFi-specific capabilities that are unified across the chain. It is an EVM-compatible chain that builds a modular, composable RWA-focused chain and simplifies the process of funds from passive reserve to participation. On December 18, Plume Network closed a $20 million Series A funding round. The round was led by Brevan Howard Digital, with participation from Haun Ventures, Galaxy Ventures, Lightspeed, and Faction.
Participation method:
Tip: The airdrop plan and participation methods may be updated at any time. Users are advised to follow Plume Network's official channels for the latest information. At the same time, users should participate cautiously, pay attention to risks, and conduct sufficient research before participating. Gate.io does not guarantee the subsequent distribution of airdrop rewards.
**References:**
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