Macro Trends

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.

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.

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.

The trading volume of stablecoins has become comparable to traditional payment networks such as Visa, and their applications in cross-border payments, inflation resistance, and daily transactions are becoming increasingly widespread.

Gate Research Daily Report: On June 9, BTC consolidated around $100,500 with dominance at 63.9%. ETH oscillated near $2,500, ETH/BTC rate stayed low, and ETH's market share slightly rose to 9.27%. Altcoins saw mixed moves as market sentiment cooled. U.S. stocks surged while gold edged down. Hot tokens like KAIA, VICE, and UMA showed strong performance. Nasdaq proposed expanding its crypto index, Uniswap v4 trading volume surpassed $40B, and Australia's first spot BTC ETF holdings kept rising. Gate Launchpool introduced a new GameFi project, YBDBD.

This report summarizes Web3 on-chain data for May 2025. Solana remained dominant with over 3.1 billion transactions, while Base saw explosive growth, surpassing 300 million transactions in a single month. Injective led among emerging blockchains with $130 million in net inflows. Bitcoin’s Accumulation Trend Score stayed elevated, indicating continued accumulation by major players, as exchange interaction rose to 33%. LetsBonk.fun recorded over 105,000 tokens launched, with a graduation rate of around 1.25%. $VIRTUAL saw significant growth in both user activity and gas fees, reflecting strong real usage momentum.

Gate Research Daily Report: On June 6, this morning, BTC briefly dropped to around $100,500, while its market dominance climbed to 63.9%, marking a new four-year high. ETH saw a sharp decline, breaking below the midline of the daily Bollinger Bands, with the ETH/BTC ratio falling below 0.024 today. ETH's market dominance has dropped to 9.2%. Altcoins also experienced a broad sell-off, with some tokens falling back to cycle lows. Circle surged 168.48% on its IPO debut, with a trading volume of $3.941 billion. Meanwhile, a clash between Elon Musk and Donald Trump triggered sharp declines across both U.S. equities and the crypto market.

Gate Research Institute Weekly Report: This week, BTC traded within a narrow range, ETH/BTC showed minor fluctuations, and popular sectors (AI, Meme, DeFi) saw notable corrections. Falcon USDf supply exceeded $500 million. The SEC postponed approval for the SUI ETF. Circle’s IPO valuation reached $6.9 billion. Pump.fun is seeking $1 billion funding to become a unicorn, and the Gate Launchpool SOPH event remains ongoing.

On June 4, BTC continued to trade within a narrow range, while ETH remained relatively resilient. Yesterday, ETH ETFs saw a net inflow of $109 million, bringing the total inflow over the past 12 trading days to $744 million. Altcoins showed mixed performance, lacking a unifying narrative. HYPE has surged 84.56% over the past month, now just shy of its all-time high in USD terms. Falcon Finance's stablecoin supply has surpassed $500 million, with a governance token potentially on the horizon.

Gate Research Daily Report: On June 3, BTC surged and then pulled back, suggesting short-term consolidation may continue. ETH ETF inflows remain strong, with the next key resistance around $2,700. Altcoins showed mixed performance, lacking a unified narrative. Pendle’s cumulative trading volume surpassed $50 billion, with TVL reaching $4.43 billion. Global public companies made a net purchase of $196 million in BTC last week, with MicroStrategy increasing holdings for the 8th consecutive week.

ASU 2023-08 introduces a fair value measurement model, replacing the traditional cost impairment model, and requires more detailed disclosures to enhance the transparency of financial statements.

Gate Research Daily Report: On May 30, Rain expanded stablecoin Visa cards to Solana, Tron, Stellar; Vance called stablecoins a pillar of U.S. diplomacy; ZBCN, DEXE, WHITE surged.

Gate Research Weekly: This week, BTC briefly surpassed $110,000 before pulling back, with short-term market action dominated by sideways volatility. The ETH/BTC pair saw a slight rebound, while $2,700 emerged as a short-term resistance level for ETH. Grayscale launched a new AI asset segment, featuring tokens such as VIRTUAL, KAITO, and AIXBT. Trump Media & Technology Group announced a plan to establish a Bitcoin treasury worth approximately $2.5 billion. SOL balances on centralized exchanges dropped to 27.01 million, approaching the lowest level since October 2022. ELDE has been listed on Gate Launchpool, with a total reward pool of 1,000,000 ELDE tokens.

Gate Research Daily Report: On May 28, MetaMask integrated Solana network; Cantor Fitzgerald launched $2B BTC loan plan; Grayscale unveiled AI crypto sector; PFVS, WCT, VIRTUAL tokens surged.

Gate Research Daily Report: On May 27, BTC and ETH saw pullbacks; SEC & Nasdaq discuss tokenization; MOVE token claim opens; QNT and JUP post strong gains.