Topics of Crypto World

The article reveals the challenges faced by Pump.fun in user growth, token quality, and liquidity through detailed data analysis, and explores the rationality of its high valuation in issuing coin.

The article reveals the irrationality and one-sidedness of these conspiracy theories through detailed rational rebuttals and factual analysis, while also exploring the reasons for the growth and dissemination of conspiracy theories, emphasizing the importance of maintaining rationality, evidence, and critical thinking in the face of complex market phenomena.

The article provides a detailed analysis of the capital inflow of Ethereum spot ETFs, collaborations with sovereign wealth funds, financial reforms and R&D restructuring of the foundation, adjustments to Gas limits, and market expectations for the future development of Ethereum.

Gate Research Monthly Report: In May, the total market capitalization of cryptocurrencies exhibited a high-level consolidation trend, continuing the upward momentum from late April driven by eased tariff policies, with the market maintaining a strong overall upward trend. Regarding public blockchain data, Solana continued to lead with an average of nearly 100 million daily transactions, solidifying its dominance in high-frequency applications. Virtuals saw explosive growth in on-chain activity in May, with daily active addresses surging over 160% month-on-month, exceeding 8,000 and reaching a historical high. The Web3 industry completed 122 funding rounds in May, totaling $1.92 billion, a 35% decrease month-on-month. Security incidents resulted in disclosed losses of approximately $257 million, with over 80% of incidents caused by account hacks and contract vulnerabilities. On June 20, 2025, ZRO will unlock 23.13% of its tokens, valued at over $50 million, expected to significantly impact the market.

By introducing a Block Engine and an MEV auction mechanism, Jito turns transaction ordering into a market-driven process. Searchers submit bundles containing arbitrage opportunities and compete through bidding, while validators select the highest-paying block to maximize profits.

Gate Research: On March 31, the crypto market continued its recovery driven rebound, with BTC returning to the 68,000 range and ETH showing relative strength, while the overall market remains in a range bound phase and a trend reversal has yet to be confirmed. Market sentiment remains in extreme fear, with capital flowing back into major assets, while altcoins continue to rotate structurally, led by mid cap tokens such as ABT, G, and GOAT. On the industry side, stablecoin payments are accelerating their integration into real world consumption scenarios, banks are advancing pilot programs for onchain FX and cross border settlement, and multi custody and risk management frameworks continue to strengthen. Onchain financial infrastructure is increasingly moving toward real world adoption.

Gate Research Daily Report: On June 10, BTC rose 4.02% to $109,829, staging a strong rebound after a period of consolidation and briefly surpassing $111,000, which boosted market sentiment and may lead to gains in other major cryptocurrencies. ETH followed the overall trend, rising 8.16% to $2,708. Altcoin market sentiment remained high, with most sectors rebounding and the Fear & Greed Index climbing to 64. Spot gold was quoted at $3,307.82 per ounce, down 0.54% in 24 hours. Nautilus officially launched on the Sui mainnet, and Gate HODLer Airdrop introduced a new project, Calcify Tech.

On June 9, 2025, Gate, a global leading digital asset trading platform, officially launched the first phase of the “Red Bull Racing Tour”, a high-octane campaign that fuses the speed of F1 with the excitement of Web3. Combining trading competitions and interactive missions, this event gives users a chance to win an exclusive F1 Grand Prix ticket worth thousands of dollars, while competing to share a dynamic prize pool of up to 5,000 GT—bringing fans a triple win: watch, win, and earn.

This article delves into how the zkPyTorch compiler launched by Polyhedra Network integrates the mainstream AI framework PyTorch with zk-SNARKs technology, reducing the development threshold for ZKML and achieving credible verification and privacy protection in the machine learning inference process. It covers its three core modules (preprocessing, quantization, circuit optimization), key technologies (DAG, lookup tables, FFT convolution), multi-level circuit optimization strategies, and showcases breakthroughs in performance and accuracy of zkPyTorch through empirical data from VGG-16 and Llama-3.

In recent years, ETFs (Exchange-Traded Funds) have become an increasingly important tool in the investment marketplace, further expanding the diversity of trading options in the crypto assets sector. To help new users experience ETF trading more easily, Gate is launching a limited-time event. By offering trial funds and a daily trading check-in rewards program, participants can get acquainted with marketplace operations and have the chance to share a 20,000 USDT reward pool.

As digital asset Earn products continue to evolve, leading platforms are introducing new promotional mechanisms to enhance user engagement. Gate now presents the Simple Earn campaign, offering multi-level rewards and task-based incentives that enable users to unlock various benefits progressively, beginning with registration. Both first-time participants and high-asset users can find participation options suited to their funding scale, with the opportunity to earn extra returns and rewards throughout the event.

This article starts from the case of Hyperliquid successfully building the HyperEVM ecosystem, and deeply analyzes why "Build it and they will come" is no longer applicable to emerging blockchain infrastructure projects. Combining with Ritual's practice, the author proposes a more sustainable path of active incubation and ecological native prototype construction, providing a reference for the cold start of L1/L2.

In the realm of crypto derivatives trading, numerous platforms have adopted reward mechanisms to improve user experience. Gate’s Futures Points system combines trading activity, asset holdings, and platform events, enabling traders to steadily build up available resources as they engage in the marketplace.

Gate has officially integrated with the Polymarket prediction market and is rolling out multiple limited-time events. Users can participate in event prediction trades and earn extra rewards by submitting proposals, engaging in experience activities, and through first-time participation incentives.

Gate Research Daily Report: On June 11, BTC edged down 0.02% to 109,603 USDT, slipping back into consolidation after yesterday’s strong rebound and briefly dropping below 109,000 USD. ETH rose 3.00%, currently priced at 2,778 USDT, with the ETH/BTC ratio rising to 0.025 and market dominance increasing to 9.87%. Sentiment in the altcoin market improved as most sectors rebounded, and the Fear & Greed Index climbed to 65. All three major US stock indices closed higher on Tuesday, hitting three-month highs as investors focused on progress in US-China negotiations. Spot gold was reported at 3,339.46 USD per ounce, down 0.5% over 24 hours. Other notable news: Sonic’s cumulative transactions surpassed 100 million; the SEC requested Solana ETF applicants update S-1 filings; and Gate Launchpool launched the new project Fly.trade.