Gate Research: Gate Pre-IPOs Launches Its First Project SpaceX; The White House Pushes Forward Crypto Market Structure Legislation

Gate Research VIP Report: BTC continues to trade within an ascending channel, with short-term moving averages signaling a clear bullish trend. Ethereum is attempting to reclaim its 50-day moving average. The DeSci sector has surged, with BIO nearly doubling on the back of its 2026 roadmap and DAO funding narrative, while ENJ and ST have posted rebound gains and strong rallies driven by improving fundamentals and partnership developments. Gate Pre-IPOs has launched its first project, SpaceX (SPCX), supporting subscriptions in USDT/GUSD with 100% unlocked distribution. The Bitwise AVAX spot ETF began trading, recording $400,000 in volume within the first 90 minutes. As the midterm elections approach, the White House is pushing forward crypto market structure legislation.