Gate Research Institute Daily Report: December 15 — The overall crypto market continues to face pressure, with BTC and ETH maintaining low-level consolidation, while GT shows relative resilience. Under the weak performance of mainstream coins, tokens such as FHE, ICE, and BAS have reversed trends and strengthened amid catalysts like privacy computing collaborations with Chainlink, token migrations and mainnet transitions, as well as ERC-8004 protocol upgrades, reflecting a concentrated battle for structural opportunities among funds. The structural selling pressure in the options market still suppresses BTC upside momentum. The divergence between ETF bullish demand and OG holders selling volatility suggests that BTC is more likely to remain in short-term consolidation rather than make rapid breakthroughs; Ant International is reconstructing corporate treasury management systems through blockchain, AI, and tokenized deposits; after the mainnet launch of Stable, on-chain activity has been below expectations, highlighting ongoing challenges for the differentiated implementation of stablecoin public chains.

Encypted Assets Panorama BTC (-1.68% | Current Price 112,716 USDT) After experiencing a period of high-level consolidation, the BTC price has shown a significant rise in a short time, reaching a peak and demonstrating strong bullish momentum. The short-term moving averages (MA5, MA10) have turned upward and formed a bullish arrangement, with the price steadily running above MA30, indicating potential for trend continuation. Trading volume has significantly increased during the rising phase, with buying power being concentrated, suggesting that market sentiment is leaning positive and there is noticeable capital inflow. If BTC can maintain stability above the critical support zone of 115,000, it is expected to continue its strong pattern and attempt to challenge the upper resistance levels. However, attention should be paid to the profit-taking pressure following consecutive short-term rises; if the price breaks below the short-term support and volume weakens, a technical correction may occur to adjust the indicators. Overall, BTC

In the vibrant BNB Chain ecosystem of October 2025—amid the broader crypto rebound from the $19 billion liquidation crash and BNB's surge to $1,380 ATH—the BNB Attestation Service (BAS) is emerging as a pivotal tool for builders.

BAS Token has surged with an astonishing 153% pump over the past 7 days, slightly retracing after hitting a new high of over $0.05 on October 13. BAS is becoming the standard bearer for Web3 trust infrastructure with its verifiable on-chain identification, asset proof, and zero-knowledge privacy technology.

The BNB Attestation Service (BAS) has shown remarkable performance recently. As the native verification and credibility layer of the BNB ecosystem, its price has surged by 124.06% in the past 30 days, with a market capitalization reaching $1.54 billion. Against the macro backdrop of rising expectations for Fed interest rate cuts, BAS, with its unique "trust as a service" positioning, is becoming a key infrastructure in the fields of RWA, AI, and Decentralized Finance. With over 42.5 million on-chain verifications completed and more than 120 types of verification frameworks deployed, BAS has demonstrated the potential to become the cornerstone of trust for the next generation of Web3.

Ripple, together with the Blockchain Association of Singapore (BAS), hosted a workshop in Singapore focused on the security of cryptocurrency and stablecoin custody. Ripple’s policy team presented four fundamental principles that custody providers should follow if they want to succeed in the

The Singapore Crypto Assets Custody Seminar has landed with great impact! Ripple and the Blockchain Association of Singapore (BAS) jointly proposed four core principles: compliance design, customized models, operational resilience, and governance, and released best practice reports for stablecoin custody. Institutional-level custody solutions are becoming the key infrastructure for tokenization of assets worth hundreds of billions and cross-border settlement. Ripple revealed that the RLUSD stablecoin has obtained a New York trust license, and more than half of enterprises in the Asia-Pacific region plan to deploy custody solutions internally within three years. ## Compliance Design: MAS Mandates Asset Isolation and Recovery Protocol The Ripple team emphasizes that custodians must adopt a "compliance by design" architecture, especially as regulatory bodies such as the Monetary Authority of Singapore (MAS) require strict enforcement of asset segregation and disaster recovery protocols. This principle ensures that user assets always comply with the regulatory framework, laying a foundation for institutional entry.

Ripple is making custody the foundation of the digital asset revolution. The company argues that the future of $18.9 trillion in tokenized assets by 2033 depends on one crucial factor: institutional-grade custody. At a recent workshop with the Blockchain Association of Singapore (BAS), Ripple

Some readers have left messages asking what the advantages and disadvantages are of the three ecosystems: Virtual, Creator.bid, and Clanker in the BASE ecosystem. This question is also something I have been observing and thinking about during this period. First of all, I want to declare that I hold all three platform tokens: Virtual, Bid, and Clanker (Tokenbot), so subjectively, I hope they all do well or at least one of them can succeed. However, objectively, I feel that all three of them are facing considerable pressure. This pressure does not come from Web 3 but from traditional Web 2. In the crypto ecosystem, when I say looking forward to AI +