Topics of Crypto World

Why do top hedge funds—despite charging fees many times higher and often underperforming the broader market—continue to attract institutional capital? From the perspectives of factor neutrality, high Sharpe ratios, and portfolio efficiency, this article explains the core value hedge funds actually sell, and the scarce return characteristics that index funds cannot replace.

NIGHT is nearing $10 billion in daily trading volume, sparking renewed attention on the Cardano ecosystem. This article examines the structural drivers behind NIGHT's breakout, exploring Midnight's privacy sidechain design, dual-token system, and mass distribution approach. It also reviews Cardano's strategic plan to boost ecosystem engagement, interoperability, and capital allocation through 2026.

According to CoinGecko's latest year-end report, "Gate 2025: From a Global Top-3 Exchange to an All-In Web3 Vision", in 2025, Gate continued to advance its "All in Web3" strategy, accelerating its transition from a traditional crypto exchange to a vertically integrated Web3 ecosystem.

During a period marked by failed narratives and widespread speculation in the crypto space, this article begins with Bitcoin and reframes cryptocurrency as a faith-driven capital market. Drawing parallels among religion, secularization, and meme culture, the author contends that crypto’s fundamental value is rooted in the decentralized consolidation of consensus, not in technical efficiency. Memes, therefore, represent a contemporary manifestation of faith-based assets—not mere vehicles for speculative bubbles.

DeFi has not collapsed, but it is losing its appeal. From the perspectives of user behavior, incentive mechanisms, and risk expectations, this article examines the structural shifts that accompany DeFi’s maturation and explores whether, once efficiency has been fully optimized, on-chain finance can still create new modes of participation—rather than merely serving the same small, existing user base.

This article draws a comparison between the political compromises inherent in UTC and the absolute ordering provided by Bitcoin's proof of work. It forecasts that, driven by the Lindy effect, Bitcoin could establish itself as a parallel timeline in digital history. The analysis is both logically rigorous and forward-thinking.

This article examines the differing priorities between institutional demand for BlackRock's BUIDL and Vitalik's privacy-first philosophy. It also warns of the dangers posed by 150ms block bot monopolies and the looming quantum hard fork crisis.

This article reveals that financial institutions such as the Federal Reserve and syndicates are concerned that STRC's scarcity engine will absorb fiat liquidity and disrupt their dominance over derivatives markets. Drawing a parallel to the monetary restructuring of 1913, the article forecasts the emergence of an era defined by sovereign Bitcoin reserves.

This article examines Yuga Labs' decision to dissolve ApeCoin DAO and shift to ApeCo, highlighting how DAOs can exacerbate centralized management challenges, operate without effective accountability mechanisms, and experience inefficiencies in democratic voting. The author advocates for applying management science principles to enhance organizational performance.

The article analyzes how Caroline Pham’s statements could redirect $112 billion of Bitcoin ETF capital toward direct trading, explains how clearing and margin mechanisms reduce offshore risk while facilitating hedging and leveraged oversight, and forecasts $600 million to $2 billion in daily institutional inflows.

The article highlights how the asset-neutral model presents a disruptive challenge to the XRP bridge strategy as TradFi and DeFi converge.

This week’s recap highlights a cautiously uneven market, with macro risks lingering beneath steady equity momentum and digital assets showing mixed performance. Bitcoin and Ethereum traded lower amid significant ETF outflows and weak sentiment, while smaller-cap tokens and selective catalysts outperformed. Key narratives included institutional real-world asset tokenization, social and utility-driven asset rallies, and strategic ecosystem moves by major players. The report also outlines notable venture financings, acquisitions, and infrastructure developments, providing a comprehensive snapshot of market dynamics and evolving Web3 trends at the close of 2025.

Gate Pay has officially launched its Institutional Account feature. Designed for merchants and institutional users, the new feature is built on a virtual account (VA) structure, providing a unified multi-level account management tool. The solution allows institutions to onboard multiple clients, process transactions, and perform related financial operations within Gate Pay without the need to develop complex internal accounting systems. This approach significantly reduces operational and technical costs in complex business environments.

Gate Research: On December 29, the crypto market continued its recovery amid the low-liquidity environment brought on by the overlapping Christmas and New Year holidays. Mainstream assets showed signs of structural recovery, with overall risk appetite warming moderately but remaining cautious. TOKEN surged sharply due to its low circulating market cap combined with leaderboard effects, reflecting short-term speculative momentum.

Gate Research Daily Report: On December 29, during the low-liquidity environment caused by the overlap of the Christmas holiday and the upcoming New Year, the crypto market continued its structurally corrective trend. BTC rebounded above $88,000, while ETH is hovering near the $3,000 mark, with market sentiment remaining cautious. In terms of daily highlights, TOKEN, TAKE, and RIVER were active due to speculation, staking incentives, and product mechanism drivers. On the Alpha side, Polymarket Builders’ weekly trading volume hit a record high of $50 million; Uniswap completed the historic burn of 100 million UNI and pushed forward its fee redistribution mechanism; Solana co-founder Toly expressed optimism with a prediction that stablecoin market size would surpass $1 trillion.