Topics of Crypto World

Gate Research Daily Report: Bitcoin rebounded from the $100,000 support level, forming a bullish trendline around $104,000. Ethereum stabilized and bounced back from the $3,200 zone after experiencing a major liquidity shock. A centralized exchange listed the SEAM/USDT trading pair, expanding trading channels and driving SEAM up 74.17% within 24 hours. WLFI rose 18.75% in 24 hours, supported by an improving macro environment, political tailwinds, and technical momentum. The Ethereum Foundation launched the dAI team’s 2026 roadmap, reinforcing market focus on the AI+Web3 narrative. Meanwhile, the Senate approved a bill to end the government shutdown, potentially concluding the longest shutdown in history.

ORE has re-emerged in the Solana ecosystem, unveiling a new economic model. With a comprehensive V2 rebuild, the launch of "5×5 grid mining," and a protocol revenue-based buyback and burn mechanism, the token increased more than 30-fold over the past month and received official endorsement from Solana’s co-founder. The project aims to mitigate the value loss associated with traditional PoW while introducing a sustainable value capture model.

Last week, the crypto market came under pressure from both government shutdown concerns and DeFi security incidents. Mainstream coins continued to decline, while only a few altcoins bucked the trend and posted gains. SOON surged over 195.63% last week, emerging as the standout token. WorldChain saw significant increases in activity and capital inflows, becoming a highlight in multi-chain rotation. Regulators are actively promoting the launch of leveraged spot crypto products, which could go live as early as the end of the year. Gate has rolled out a decentralized Web3 Launchpad, pushing token issuance toward fully on-chain deployment.

The theft of 127,000 BTC from the LUBIAN mining pool has once again impacted the industry. This report provides a comprehensive technical analysis of the incident, highlighting links among PRNG vulnerabilities, private key generation flaws, and nation-state attack characteristics. By reconstructing the attack timeline and examining on-chain evidence, the report details the circumstances surrounding the U.S. Department of Justice’s Bitcoin confiscation. It also offers an in-depth analysis of Bitcoin security mechanisms and mining pool defense, presenting important security insights for the crypto industry.

Authored by a core Biteye member, this article offers a deep dive into the logic and market dynamics behind the emergence of Web3 KOL Round fundraising. It uncovers the conflicting interests among project teams, KOLs, and retail investors in a capital landscape driven by user traffic. The article analyzes cases where both earnings and risks are present and explains how agency institutions operate behind the scenes. The piece highlights that as venture capital influence declines and market dynamics become increasingly focused on reach, the KOL round has become both a narrow entry point for individual investors into the primary market and a high-risk investment opportunity with both potential rewards and significant risks.

This report summarizes the Web3 funding landscape in October 2025. In October, a total of 130 deals were completed, with $5.12 billion raised, representing a 104.8% month-over-month surge, the second-highest level in the past year. Funding was primarily driven by strategic rounds, which accounted for over 70% of the total, fueled by the explosion of the prediction market Polymarket and the accelerated integration of CeFi and TradFi. By sector, DeFi led with $2.15 billion, reflecting concentrated capital flows toward innovative financial applications. In terms of funding structure, projects in the $3M–$10M range accounted for nearly one-third of rounds, while projects under $1M represented only 5.9%, marking a recent low. The report also highlights key funded projects, including Orochi Network, KapKap, Voyage, TBook, and Lava.

Gate Research Daily Report: On November 12, the cryptocurrency market remained in a weak consolidation phase with overall sentiment staying subdued. BTC edged up 0.36% to 103,261 USDT, while ETH rose 0.87% to 3,448 USDT, with technical indicators showing signs of weakening downside momentum. Among trending tokens, Lisk (+52.65%) led the market on strong inflows driven by its EMpower Fund and emerging market expansion; Allora (+10.54%) gained traction as its mainnet launch and multi-chain deployment reignited interest in the AI + Web3 narrative; and Canton Network (+11.81%) stood out in the enterprise blockchain sector with its new “Cantonics” economic model and developer incentive program. Meanwhile, Gate Connect launched the first-ever Apple Pay crypto-off-ramp feature, advancing Web3 payment adoption. Additionally, whale wallets accumulated over 36,000 BTC in the past two weeks, helping support Bitcoin’s consolidation around the $100,000 level.

On November 12, the cryptocurrency market remained in a weak consolidation phase with overall sentiment staying subdued. BTC edged up 0.36% to 103,261 USDT, while ETH rose 0.87% to 3,448 USDT, with technical indicators showing signs of weakening downside momentum. Among trending tokens, Lisk (+52.65%) led the market on strong inflows driven by its EMpower Fund and emerging market expansion; Allora (+10.54%) gained traction as its mainnet launch and multi-chain deployment reignited interest in the AI + Web3 narrative; and Canton Network (+11.81%) stood out in the enterprise blockchain sector with its new “Cantonics” economic model and developer incentive program. Meanwhile, Gate Connect launched the first-ever Apple Pay crypto-off-ramp feature, advancing Web3 payment adoption. Additionally, whale wallets accumulated over 36,000 BTC in the past two weeks, helping support Bitcoin’s consolidation around the $100,000 level.

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.

MicroStrategy (MSTR), a typical example of a "Bitcoin treasury company," recently encountered a structural arbitrage on Wall Street: renowned short-seller Jim Chanos achieved an estimated profit of around 100% by shorting MSTR while going long on Bitcoin (BTC). The article provides an in-depth analysis of his trading logic, the reasons behind the deterioration of MSTR's Bitcoin net asset multiple (mNAV), and how this strategy exposes pricing discrepancies at the intersection of crypto assets and traditional finance.

$PING surged 50% following the launch of its x402 protocol-based emission platform, c402.market. This platform enables automatic trading pairs between all new tokens and $PING, transforming $PING from a meme coin into the foundational currency of the x402 ecosystem. The article examines c402.market's mechanism design, incentive structure, and associated risks, and discusses how the x402 protocol could ignite renewed speculation in the “asset creation” narrative.

The article not only explains the mechanism of quantitative easing but also discusses its uniqueness in the current economic environment, particularly its role in stimulating bubbles.

By comparing the price trends of PAXG and spot gold, the article reveals the premium phenomenon of tokenized gold and analyzes the causes of this premium, including minting and redemption fees as well as structural frictions.

The article provides an in-depth analysis of the "3/30" fee model’s rationale, explores the roles and challenges large funds encounter in the cryptocurrency market, and highlights the potential advantages of smaller funds and family offices.

Through an in-depth examination of the current landscape for Web2 professionals, the article highlights the end of the technology dividend era, the disruptive impact of AI, the dangers of platform reliance, the transformation of skillsets and income structures, and the underlying erosion of professional security.