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Gate Research has released its latest report, "2025 Q1 Crypto Market Review," offering a comprehensive analysis of crypto market performance in the first quarter of 2025. The report covers market trends, on-chain data, key developments, security incidents, funding activity, and forward-looking insights—providing a deep dive into overall market behavior and emerging trends.

Web2’s favorite growth hack reconsidered: why the network effect is no longer a durable moat in web3.

The draft of the STABLE Act provides an excellent glimpse into the United States’ approach to stablecoin regulation. This article will dive into the core elements of the bill and the underlying reasons, exploring its profound impact on the US and global digital asset industry.

This report summarizes the Web3 industry funding in March 2025. A total of 137 financing rounds were completed, amounting to $5.07 billion. Although this represents an increase from February, it was primarily driven by large strategic investments and mergers and acquisitions. The CeFi sector led with $4 billion in funding, followed by blockchain services and DeFi with $3.42 billion and $930 million, respectively. The majority of the funding was in small to mid-sized rounds, with early-stage projects receiving strong capital interest. Key financing projects such as Abound, Walrus, and Mesh highlighted the innovative vitality and growth potential of the Web3 field.

This article introduces the development history, operating mechanism, advantages, and risks of MicroStrategy, and analyzes the key variables that could potentially lead to its collapse. It also compares similar companies and explores MicroStrategy’s future development trends.

This article explores the impact of ETF futures products on the market, covering their key features, critical points for investors to consider, potential risks, and future development trends. We will analyze how futures ETFs affect market liquidity and price volatility, the fees, roll-over costs, and regulatory factors investors need to be aware of when participating, and the role they may play in institutional investment, market maturity, and changes in the regulatory environment.

This article delves into the core concepts of crypto banking services, including their key features, innovations, and advantages and differences compared to traditional banks. Additionally, it explores the role of crypto deposit insurance funds, analyzes representative projects in the market, and forecasts future development trends. The article also discusses the risks crypto banks might face, offering readers a more comprehensive understanding of the opportunities and challenges in this field.

This article explores the potential relationship between tariffs and cryptocurrency prices, examining how trade restrictions could impact digital assets despite their decentralised nature.

Gate Research (2025.3.28–4.2), this report provides a comprehensive analysis of key developments in the cryptocurrency market and macroeconomic landscape. On March 28, the U.S. Department of Commerce reported that the core PCE price index rose by 2.79% year-over-year in February, marking the highest level since December. Internationally, Kazakhstan announced plans to launch a “National Crypto Bank” aimed at centralizing the oversight of cryptocurrency trading across the country. As of March 31, a global trend toward lighter crypto regulations continues, with 47 countries easing restrictions since 2020. On April 1, the U.S. ISM Manufacturing PMI showed its first contraction of the year, while the price index jumped for a second straight month. On April 2, reports surfaced that the Trump administration is considering a new financial tool called “BitBonds” as part of a broader strategy to bolster its Bitcoin reserves.

This report reviews Web3 on-chain data for March 2025. Ethereum saw the largest net outflow of $486 million. Meanwhile, the market absorbed 2 million BTC in selling pressure, with long-term holders adding 278,000 BTC to their positions. Bitcoin exchange reserves hit a five-year low at 2,639,252 BTC. Four.meme created 153,212 tokens by March 31, with its trading volume spiking in March, reaching $80.18 million in daily volume on March 21. CZ’s influence drove $MUBARAK to a trading volume of $258 million on March 17.

This article will provide a detailed discussion on various aspects, including the current state of Web3 security threats, self-custody of personal assets, device and network environment, zero-trust strategy, and global security incident statistics. It aims to offer an effective Web3 security prevention guide for industry professionals and investors.

IBIT is the iShares Bitcoin Trust launched by BlackRock. Backed by a powerful brand reputation, precise market timing, and a low-fee structure, it quickly became the world’s most capital-attracting Bitcoin spot ETF within just one year of launch. This article offers an in-depth look at how IBIT works, the factors that influence its pricing, how it compares with directly holding Bitcoin, and analyzes its capital inflows, long-term value, and investment prospects. It aims to help investors better understand IBIT’s role in institutionalized crypto investing and its future development trends.

March 2025 witnessed a surge of significant developments in the blockchain and cryptocurrency sectors, demonstrating the market's vitality and industry trends. Key projects including Gate.io Wallet, Berachain, Aave, Raydium, and Pump.fun made substantial progress through performance upgrades, on-chain governance improvements, protocol expansions, and new platform launches - highlighting product innovation and community growth while injecting fresh momentum into the industry. Meanwhile, the manipulation attack on Hyperliquid, which triggered forced liquidations, served as a wake-up call for DeFi projects to strengthen their risk management and governance structures.

Gate Research: March 2025 was marked by a complex and volatile global economic and financial landscape. In the United States, February inflation data came in well below expectations, while the March consumer confidence index dropped sharply from 67.8 to 57.9—both signaling a weakening U.S. economy. In the crypto sector, the IMF introduced a clear classification framework for digital assets, designating Bitcoin as a capital account asset, and former President Donald Trump announced plans to establish a U.S. national crypto reserve, including BTC, ETH, SOL, XRP, and ADA as core holdings. On the whole, March brought a wave of policy and regulatory developments that were broadly favorable for the crypto market. These intersecting events not only influenced short-term market dynamics but also provided valuable direction for future economic policymaking and market evolution.

The Trump family-backed DeFi project WLFI has launched the USD1 stablecoin on BSC. After CZ's retweet, the token first surged then fell. While the project leverages Trump's influence, BSC's popularity, and the stablecoin concept for growth, it faces criticism over operational opacity and profit distribution. Whether it can transcend being a "meme project" to become a legitimate DeFi project remains to be verified.