Topics of Crypto World

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.

Copy trading offers investors an automated way to track and replicate the trades of professional traders. Whether you are new to the market or have a busy schedule, this model lets you share in returns while reducing the barriers to participating in financial markets. At the same time, it provides strategy providers with an opportunity to earn performance-based income.

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.

Amid heightened volatility and continued structural growth in the crypto market throughout 2025, users' real trading behaviors have increasingly become a key lens through which market evolution can be understood. Recently, Gate officially launched its 2025 Year-End Summary, offering a comprehensive review of users' crypto journeys through a timeline-based analysis and key behavioral data of trading activity and product participation over the past year.

Leveraged ETFs have transitioned from traditional diversification vehicles to advanced strategy enhancement tools. They maintain a fixed leverage ratio—such as 3x or 5x—by holding perpetual contract positions. This structure allows users to magnify asset price movements through spot trading, eliminating the need for borrowing or margin management and effectively mitigating liquidation risk.

Gate ETF leveraged tokens are a crypto ETF product that eliminates the need for margin and removes the risk of forced liquidation. These tokens are engineered for trending market conditions. This article offers a comprehensive analysis of how Gate ETF leveraged tokens work, where they are best applied, and the potential risks involved, enabling traders to fully grasp their true role in highly volatile markets.

This article uses the recent string of liquidations on Hyperliquid as a starting point to investigate where "Brother Machi's" seemingly endless funds originate. It offers a systematic breakdown of the underlying multi-layered capital structure, including exits from traditional technology ventures, early-stage crypto projects, NFT liquidity mining, and new token launches. The analysis uncovers the capital mechanisms that allow high-leverage trades to be executed repeatedly and highlights the risk implications of this approach for everyday investors.

PayPal is selling $7 billion in loan assets while fast-tracking its application for a banking license. At first glance, these actions seem at odds, but they represent a decisive move as stablecoins and regulatory changes prepare to redefine the financial system. This article explores the risks of Banking-as-a-Service (BaaS), gaps in Industrial Loan Company (ILC) regulation, the battle for stablecoin issuance rights, and capital structure transformation. It uncovers why PayPal must go all in before the window of opportunity closes, aiming to seize a strategic advantage in the new era of crypto finance.

Trading volumes in South Korea’s crypto market have fallen sharply and the so-called “kimchi premium” has disappeared—does this signal the end of the cycle? This article takes a deep dive into regulation, capital controls, and institutional dynamics to reveal the structural reset underway in the Korean market, and explores how stablecoins, ETFs, and Web2 × Web3 integration could open the door to the next growth cycle.

Reya DEX is redefining on-chain trading with the first Ethereum-based zk-rollup, delivering millisecond execution, zero fees, 100x leverage, a yield-bearing stablecoin (srUSD), and cross-margin trading across 70+ markets.

Gate Web3 officially launched the Bonus earn section on December 16, 2025 . Gate Web3 Bonus is a decentralized staking yield feature that supports multiple tokens, designed to provide users with a low-barrier, transparent, and fully on-chain way to grow their assets.

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.

Recently, Dr. Han, Gate Founder and CEO, joined the Wu Blockchain podcast, where he systematically shared his insights and thoughts on topics such as market cycles, compliance regulations, industry layoffs, and the ambition to IPO.

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