Gate Research Weekly Report: This week, BTC broke through the $110,000 threshold to set a new all-time high. The altcoin market showed sectoral divergence, with Memes, AI Agent, and Solana ecosystem tokens leading the gains. The stablecoin GENIUS Act has passed a Senate vote and entered the amendment phase. Tether minted an additional 2 billion USDT on the Tron network. Worldcoin completed a $135 million token raise led by a16z. Next week will see major token unlocks including SOL, TRUMP, and WLD, which may impact market sentiment.

• Market Commentary: On May 22, BTC surpassed $110,000 for the first time, setting a new all-time high three months after the previous peak. Over the past one and a half months, BTC has shown a mostly unilateral upward trend. Over the past 7 days, ETH has traded within a narrow range. The ETH/BTC ratio rebounded above 0.026 but has declined for several consecutive days. ETH market dominance also pulled back after a brief surge. Fundamentally, ETH ecosystem projects have yet to show significant improvement.
• Focus This Week: The Stablecoin GENIUS Act passed the Senate vote and entered the amendment process. Solana Mobile unveiled the Seeker device featuring trustless architecture and native token SKR. Hong Kong is moving toward passing its Stablecoin Bill, with institutions expected to be able to apply for stablecoin issuance licenses by year-end.
• Data Highlights: Tether minted an additional 2 billion USDT on the Tron network. BlackRock’s IBIT has seen a cumulative inflow of $8.9 billion this year, ranking among the top five ETFs by capital inflows. On Polymarket, the probability of ETH reaching $3,000 this month is currently at 30%.
• Market Opportunities: Watch for the Giza token launch on Gate Launchpool. Giza Protocol is a decentralized AI platform built on blockchain, aimed at simplifying DeFi complexity through autonomous agents that surpass human cognitive limits. Giza’s flagship agent ARMA and semantic abstraction layer optimize DeFi tasks such as yield strategies, cross-protocol interactions, and market analysis. The protocol enables trustless operations, using zero-knowledge proofs (ZKPs) to support AI model inference and empower an open-source AI economy.
• Next Week’s Watchlist: The coming week brings major token unlock events involving SOL, TRUMP, and WLD. In the next 7 days, SOL will see linear unlocks worth around $80 million, TRUMP around $49.22 million, and WLD around $43.87 million. Significant price volatility may occur around these events.

Explore this week’s details → Gate Research: Stablecoin GENIUS Act Passed in Senate Vote｜Bitcoin Breaks $110,000 to Hit New All-Time High

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Investing in cryptocurrency markets involves significant risks. Users are strongly advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate shall not be liable for any losses or damages arising from such investment decisions.

Gate Team
May 22, 2025

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