Altcoins

Gate Research Daily Report: On January 30, the crypto market came under broad pressure, with Bitcoin falling below $82,000 and briefly dipping to around $81,000, while Ether retreated to the $2,700 level and remained technically weak. GT declined in tandem but showed relatively resilient downside, consolidating around the $9.20–$9.30 support zone. Despite weakness in major assets, selective capital rotation persisted, with small-cap tokens such as SENT and GWEI posting strong gains driven by AI and Ethereum infrastructure narratives. Meanwhile, a tech-led selloff fueled a cross-market risk-off move, alongside notable industry developments including Bit Digital’s exit from Bitcoin mining and the revival of The DAO with a $220 million Ethereum security fund.

Gate Research Daily Report: On Feb 2, crypto markets broadly fell as pullbacks in stocks and gold/silver weighed on risk appetite, with the Fear & Greed Index dropping to 14—its lowest level this year. BTC is consolidating near the lows after a capitulation wick, with $75K as key support and $80K as major resistance; ETH underperformed, with $2,200 as the critical line—if it breaks, downside targets shift to $2,150 and $2,000. Despite the weak tape, POKT, LMTS, and AVA outperformed on their respective catalysts. Key narratives included prediction markets posting a record $12B+ in January volume, the AI-agent narrative spilling into Clanker and boosting token launches/trading activity, and renewed risk debate in the meme sector after Murad’s reported ~$58M six-month drawdown.

Gate Research Daily Report: After a round of heavy selling, Bitcoin fell by around 20% over a two-week period. Ethereum has broken below USD 2,400, with the market structure turning bearish. Tweets related to C98 triggered retail FOMO, pushing the token up 37.03%, while PURR broke above the 23.6% Fibonacci retracement level and gained 28.37%. JPMorgan expects Warsh to accommodate Trump’s push for rate cuts in the short term before reverting to a more hawkish stance after the midterm elections; retail pessimism has entered extreme territory, raising the possibility of a technical rebound; and Cboe plans to relaunch binary options trading to compete directly with prediction markets.

BTC traded within the $68,916.4–$71,401.7 range over the past 24 hours, while ETH moved upward within the $2,103–$2,175 range. POOL, ETN, and XNY rose 44%, 30%, and 21% respectively, driven by protocol updates, expanding use cases, and market narratives. Solana Foundation launched the AI-era developer platform SDP; Tether has engaged a Big Four firm for its first full audit; and Commodity Futures Trading Commission established an innovation task force to create clearer regulatory frameworks for the U.S. derivatives market.

Gate Research Daily Report: On February 4, the crypto market continued to face broad pullback pressure, with major assets generally trading under strain. On the thematic side, capital remained concentrated in high-beta plays tied to AI and onchain infrastructure narratives. ARC rallied strongly on renewed attention around the “Rig” framework for AI builders, ALCH gained momentum on the back of AI workflow and agent tooling infrastructure themes, while ENSO drew interest for its cross-chain execution abstraction and one-stop DeFi execution layer concept. At the macro and industry level, the Puell Multiple has entered a historical discount zone, signaling increased miner stress but gradually improving long-term accumulation value. Gate Ventures announced a strategic investment in the crypto payment network Mesh, strengthening its positioning in stablecoin and payment connectivity infrastructure. Meanwhile, Vitalik reiterated that Ethereum L2s should shift away from the original “brand sharding” vision toward mo

Falcon Finance is an RWA-driven (Real-World Asset) universal collateral protocol designed to build a cross-chain universal collateral infrastructure. Through its core "Synthetic Asset Engine," the protocol integrates on-chain native assets and off-chain physical assets into a unified yield and collateral framework, issuing the fully-collateralized synthetic dollar USDf and its yield-bearing token sUSDf. This mechanism not only breaks the boundaries of traditional collateral but also provides high-liquidity underlying assets for the DeFi ecosystem through its modular design.

FF is the native governance token of the Falcon Finance protocol, carrying the value capture and decision-making functions of the entire "Universal Collateral" ecosystem. As the protocol's core engine, FF is used not only for decentralized governance voting but also, through deeply integrated staking mechanisms and yield distribution logic, directly links the minting scale of the on-chain synthetic dollar USDf with the yield performance of off-chain RWA assets. This token design aims to build a sustainable decentralized treasury system by balancing inflationary incentives with value accrual.

Gate Research Weekly Report: BTC broke below $73,000 as deleveraging continued, with total liquidations reaching $2.56 billion over recent days; ETH pulled back to the key $2,000 support level, while a deeply negative premium index signals weakening institutional demand. Stablecoin market capitalization edged lower, and Ethereum gas fees remained subdued. Amid a structurally weak market, select assets moved counter-trend, including the BNB Chain Chinese meme coin “我踏马来了,” WMTX driven by the DePIN narrative, and SYN supported by adoption within the Filecoin ecosystem. On the event front, Ripple Prime integrated Hyperliquid, introducing a prime-brokerage model to on-chain derivatives, while Bitnomial launched regulated XTZ futures. On-chain data show a renewed convergence between profitable and unprofitable BTC supply, a historical “bottom signal” that may point BTC toward the $60,000 range, with key support at the 2021 peak near $69,000. Vitalik Buterin reassessed the L2 roadmap, emphasizing differentiated val

Gate Research Daily Report: On February 6, BTC stabilized and rebounded after a rapid sell-off that pushed prices down to around USD 60,000, and is now consolidating above the USD 64,000 level; ETH followed the broader market decline, briefly dipping to around USD 1,745 before quickly recovering; GT formed a short-term low near USD 6.23 after a deep pullback and is currently in an oversold rebound phase with a low-level consolidation structure; ZEUS became the market focus with a gain of 89.29%. Crypto ETFs continued to see net outflows, reflecting a clear decline in institutional risk appetite; the sharp drop in Bitcoin prices led Strategy to report a USD 12.4 billion loss in Q4; meanwhile, Tether invested USD 150 million to acquire a stake in Gold.com, accelerating its expansion into tokenized gold.

Falcon Finance is a universal collateral protocol built on a multi-chain ecosystem. Its core mechanism revolves around the "RWA Yield Engine," providing users with transparent, real-asset-backed fixed income by deeply coupling off-chain physical assets with the on-chain synthetic dollar USDf. As the governance core of the protocol, the FF token not only grants decision-making power to holders but also directly links to USDf minting efficiency, collateral ratio optimization, and multi-dimensional fee discounts through a Staking Boosting mechanism, serving as the power source for the protocol's value cycle.

While both Falcon Finance and Ethena are committed to the vision of decentralized stable assets, they each feature unique characteristics in collateral composition and underlying yield logic. Falcon Finance employs an RWA-driven (Real-World Asset) over-collateralization model, building a universal collateral framework supported by intrinsic value by bringing off-chain physical asset yields on-chain. Conversely, Ethena utilizes Liquid Staking Tokens (LST) combined with a Delta-neutral hedging strategy via perpetual contracts to create an "Internet Bond" that operates without traditional banking intervention.

ASTER is the native equity and governance token of the Aster ecosystem, with its core value built upon a radical "Deflationary Engine." Beyond serving as a governance tool, ASTER integrates multiple utilities including staking rewards, trading fee discounts, and liquidity incentives. Through its deep integration with the upcoming dedicated Layer 1 mainnet, it enables direct value capture from protocol cash flow to token holders.

Gate Research Daily Report: On Feb. 9, the crypto market entered a choppy recovery phase after a deleveraging shock, with flows showing a clear structural split: capital crowding into BTC while major altcoins remain under pressure. BTC has rebounded and is consolidating around $70,000, which remains the key pivot for bulls vs. bears; ETH is being weighed down by whale deleveraging and debt-repayment selling, and may repeatedly test the $2,000 psychological level in the near term. On the thematic side, AI Agents and memes remain the high-beta core, with BNKR, PIPPIN, and PENGUIN leading gains. In our Alpha section, we highlight Vitalik’s view that algorithmic stablecoins represent “true DeFi,” Cathie Wood’s thesis that gold strength tends to lead and BTC follows, and Tether’s accelerating shift toward a conglomerate model via global diversification, governance upgrades, and expanded hiring.

Gate Research Daily Report: Bitcoin’s $69,000–$71,000 range is the key zone for bulls to validate the sustainability of the rebound. Ethereum is gradually stabilizing at lower levels, with MACD turning bullish and price moving toward the upper Bollinger Band, signaling a clearer short-term technical recovery. News circulating on X has intensified retail FOMO, driving ZKP up 32.80% over the past 24 hours, while SAFFRONFI surged more than 40%, mainly due to increased short-term trading activity. Bitcoin selling pressure has temporarily eased, but a durable market recovery will require a revival in spot demand. A crypto market structure bill may pass within the next few months, with stablecoin yields emerging as the key point of contention. Meanwhile, Jump Trading plans to exchange liquidity provision for minority equity stakes in Kalshi and Polymarket.

Gate Research Daily Report: On February 11, the crypto market remained under downward pressure, with major assets trading in a weak consolidation range as BTC and ETH hovered at elevated levels without clear directional momentum. On the thematic front, capital continued to rotate into high-narrative trades: POWER surged on strong volume driven by the Web3 incentive-layer narrative and ecosystem partnership developments; PIPPIN rebounded sharply on the back of AI creator IP momentum and sentiment recovery; while SONIC strengthened amid the SVM expansion narrative and intensified community exposure. Structurally, the tokenized Treasury market surpassed $10 billion in size, reinforcing RWA’s role as a foundational asset within on-chain finance, while Gate TradFi’s cumulative trading volume exceeded $33 billion.