Gate Research Institute Weekly Report: This week, BTC rose by 0.88%, underperforming altcoins overall. Gate launched spot trading, perpetual futures trading, and Alpha trading in the xStocks zone. Ripple applied for a U.S. banking license following Circle, aiming to offer more crypto services. Bitcoin DeFi project BOB launched the BitVM Bridge testnet. Ethereum stablecoin supply reached a record high of $135.4 billion. The first spot-staking Solana ETF debuted with a first-day trading volume of $33 million. Gate Launchpool introduced MAT with a total prize pool of 40,000 MAT.
- Market Commentary: BTC gained 0.88% this week, lagging behind altcoins. ETH surged 4.11%, outperforming the median of the top 100 altcoins. Altcoins generally saw broad gains, with a median 7-day increase of 2.75% among the top 100 cryptocurrencies. In June, U.S. Private sector employment unexpectedly dropped by 33,000, marking the first negative growth since March 2023. Stablecoin market cap rose to $258.1 billion, with additional off-exchange capital flowing in.
- Weekly Focus: Gate officially launched the xStocks trading zone, offering spot trading and perpetual futures trading (USDT-settled). Perpetual futures support 1-10x leverage for long and short positions, with leverage adjustable at order placement. On Wednesday, Ripple submitted a national bank charter application to the U.S. Office of the Comptroller of the Currency (OCC). If approved, Ripple’s stablecoin RLUSD will be subject to both state and federal oversight. Bitcoin DeFi project BOB launched the BitVM Bridge testnet, supported by numerous major crypto companies.
- Key Data: In June 2025, decentralized exchange (DEX) trading volume continued to climb, reaching $390 billion, sustaining May’s recovery trend. Ethereum’s on-chain stablecoin supply hit a record $135.4 billion, reflecting continued capital inflow into major blockchain ecosystems. The "REX-Osprey Solana + Staking ETF" debuted in the U.S., becoming the first approved spot-staking crypto ETF, with a first-day trading volume of $33 million and assets under management (AUM) of $1 million.
- Market Opportunities: Focus on Gate Launchpool’s Matchain (MAT) project this week, offering a 40,000 MAT prize pool and a 111.62% annualized return.
- Next Week Outlook: The market will face significant token unlocks in the next 7 days, involving ENA, MOVE, and NEON. ENA will unlock approximately $48 million in tokens, MOVE about $8.5 million, and NEON around $5.1 million. These unlock events may impact the market liquidity and prices of these tokens, warranting close investor attention.
Explore full report → Gate Research – Gate Launches xStocks Spot and Futures Trading Zone | Launch of the First Spot-Staking Solana ETF
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 3rd, 2025
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