Topics of Crypto World

This week, the crypto market remained range-bound amid simultaneous macro and sentiment-driven pressures. Expectations of a Bank of Japan rate hike triggered a pullback in global risk assets, while tighter liquidity weighed on market risk appetite. At the same time, rumors surrounding a potential change in the FED chair and ongoing policy uncertainty added to market caution regarding the future rate path. Despite this backdrop, BTC posted a notable rebound on Wednesday, briefly climbing back to around $93,000, showing clear signs of short-term recovery. Technically, downside support remains resilient, and the market has entered a news-driven consolidation phase.

Gate Research: On December 3, the broader crypto market saw a mild recovery. BTC and ETH rebounded to the $91,000–$93,000 range and above $3,000, respectively, with short-term momentum strengthening in tandem. Among top movers, PIEVERSE (+78%) surged on strong demand following its on-chain AI Agent recruitment event; LIGHT (+44%) became a focal point within the Bitcoin ecosystem amid major RGB cross-layer DEX progress; and PARTI (+33%) rallied on Universal Accounts expanding to Monad alongside several ecosystem integrations. On the industry side, Bitcoin mining profitability has fallen to historic lows, putting miners under significant margin pressure. Tether Data launched QVAC Fabric LLM, a low-barrier framework enabling local AI model training on consumer hardware. Meanwhile, Flow advanced its shift toward financial infrastructure, rolling out native credit-market protocols and expanding its DeFi-oriented roadmap.

Gate Research Daily Report: Bitcoin fell further below $84,000 on Tuesday, and dragged by BTC’s correction, Ethereum dropped below $2,800 over the past 24 hours, approaching its key $2,600 support again. Ancient8 announced a partnership with the gaming identity layer Dæmons, driving A8 up 89% in the past 24 hours; PRIME’s recent gains were mainly fueled by exchange listings and trading incentives, rising 45% over the same period. Kalshi announced it will tokenize thousands of its existing prediction market contracts on Solana, a move likely to attract more institutional and retail participation; meanwhile, Strategy established a $1.44 billion dividend reserve fund to support payouts, signaling robust cash flow and liquidity management to investors.

According to Gate Research, the crypto market experienced a choppy recovery this week under shifting macro sentiment. As retail data weakened and several Fed officials delivered dovish signals, rate-cut expectations strengthened, with the probability of a December cut rising to 84.9%. Risk assets saw a moderate improvement in sentiment. After a continuous pullback, Bitcoin found strong buying interest near $80,000 and rebounded to around $88,000, lifting major altcoins as well. However, capital flows remain cautious, ETF inflows are limited, and the broader market still reflects a weak rebound structure.

According to Gate Research, the cryptocurrency market has recently weakened overall. On the macro side, cooling expectations of Federal Reserve rate cuts and rising risk-off sentiment have put simultaneous pressure on equities, gold, and crypto assets. Bitcoin broke below key support levels and briefly fell under USD 90,000, erasing its year-to-date gains and declining about 27% from the intraday all-time high set on October 6. Technically, the 50-day moving average has crossed below the 200-day moving average, forming a “death cross,” indicating further bearish momentum in the medium term.

In light of the rapid development within the Decentralized Finance (DeFi) sector and the urgent market demand for efficient, integrated trading tools, Gate Web3 today officially launches the Gate DEX API service. This API is designed to provide global developers with revolutionary DEX aggregation trading capabilities, enabling them to navigate multi-chain liquidity with unprecedented speed and efficiency. The Gate DEX API is not just an interface; it is a complete, meticulously integrated solution designed specifically for high-performance trading.

Gate Research Daily Report: On November 14, after a period of volatile decline, BTC found short-term support near $98,000; ETH showed signs of a short-term rebound; GT stabilized with support around $10.9 and began to recover; while LUMINT became the market spotlight with a surge of over 670%. The first XRP spot ETF, launched by Canary Capital, began trading on Nasdaq; the Czech National Bank made its first-ever Bitcoin purchase, establishing a $1 million digital asset pilot portfolio; and Emory University doubled its Bitcoin holdings, investing $52 million to increase its stake in the Grayscale BTC ETF.

Gate, a global leading digital asset trading platform, has officially launched the upgraded Gate Pay App, integrating three core pillars, centralized trading (CEX), Web3 wallet, and payment, into a unified application. The release represents a major milestone in building an all-scenario crypto payment system for both merchants and individual users. As the crypto industry moves toward global adoption, payments have become the ultimate stop connecting blockchain technology with the real world. The new Gate Pay App marks Gate’s strategic step to transform crypto from something that is “tradable” into something that is truly “useful,” completing the payment layer of the company’s All in Web3 strategy.

According to Gate's latest October 2025 Private Wealth Management Monthly Report, the overall crypto market came under pressure in October, with Bitcoin recording its first October loss since 2018 and underperforming traditional risk assets. Despite this challenging environment, Gate's private wealth management portfolios demonstrated remarkable resilience.

According to Gate Research, Bitcoin rebounded to around $106,000 this week after briefly dipping below $100,000, driven by easing concerns over the U.S. government shutdown and improving risk appetite. While a preliminary MACD bullish crossover has formed, both trading volume and capital inflows remain weak, indicating the uptrend is not yet established. Ethereum continues to fluctuate between $3,400 and $3,650 with limited rebound momentum. Overall, market sentiment remains cautious, and the recent rebound appears to be a technical correction rather than the start of a new bullish phase.

Gate, a leading global digital asset trading platform, announced that its proprietary on/off-ramp solution, Gate Connect, has officially launched the Apple Pay Sell feature, making it the first Web3 exchange to support this capability.

Gate Research reported that Bitcoin fell below $100,000 this week for the first time since June, hitting a low of $99,932 and breaking below its 200-day moving average, marking the second-largest single-day drop of the year.

According to the official announcement, Gate has released a new reserve report. The data shows that as of October 28, 2025, the total value of Gate’s reserves reached $11.676 billion, and the total reserve ratio reached 124%; Gate’s reserves cover nearly 500 types of user assets.

Gate, a global leading cryptocurrency exchange, has announced the official launch of CrossEx, its pioneering cross-exchange trading and clearing platform. Designed for professional investors, quantitative teams, and institutional clients, CrossEx serves as an all-in-one trading infrastructure that connects multiple exchanges, aiming to break existing barriers and enable unified management and efficient coordination of assets and strategies across platforms.

Gate, a global leading digital asset exchange, announced that its crypto payment service Gate Pay has officially launched a new National QR Code Payment feature. The rollout begins with Vietnam and Brazil, enabling users to make seamless crypto payments at over 17 million merchants that support the respective native QR systems in the two countries. This milestone marks a significant step in Gate Pay's global expansion and localization strategy.