Overview In Q2 2025, the global crypto market entered a new phase characterized by intensified competition for existing users, heightened regulatory standards, and a reshaping of user demographics.

The article demonstrates how to find a balance between decentralization and centralization through an analysis of Hyperliquid's architecture, becoming a core source of on-chain Liquidity.

The article provides a detailed analysis of the community voting situation regarding the transferability proposal of the WLFI token, as well as the background and potential impact of the integration between USD1 and Kernel DAO.

The article begins with the concept of the "risk-free rate" in traditional finance, analyzes why truly risk-free returns do not exist in DeFi, and provides a detailed introduction to several near-risk-free yield options, such as AAVE, Curve Finance, and tokenized U.S. Treasuries.

The article reveals the potential and challenges of tokenized stocks as an emerging financial instrument by comparing the development trajectories of traditional financial products like mutual funds and exchange-traded funds (ETFs).

Gate Research Daily Report: On July 14, BTC is testing the 119,000 USDT level, while ETH’s recent strong support is around 2,920 USDT with resistance near 3,000 USDT. BTC has hit new all-time highs, yet Google search interest remains lower than in previous bull markets. Meanwhile, the U.S. Congress is set to vote on several key crypto bills. Additionally, around 10,000 wallets successfully participated in the PUMP presale, with nearly 200 addresses each purchasing over one million USD worth of tokens.

According to the official announcement, Gate has released its latest Proof of Reserves report. As of July 11, 2025, the total value of Gate’s reserves stands at $10.504 billion, covering over 350 types of user assets, with a total reserve ratio of 126.03%. The excess reserve has increased from $1.96 billion in the previous release to $2.17 billion, a month-on-month growth of 10.66%。

Explore how PayFi builds an on-chain settlement network connecting stablecoin issuers, DeFi protocols, and payment merchants through a modular architecture. This article outlines its core mechanisms, technical framework, and representative application scenarios, analyzing how it enhances on-chain payment efficiency, reduces trading costs, and enables cross-chain liquidation, bridging real-world payments and the crypto ecosystem.

The article not only explores the inevitability of tokenization and its potential market size, but also proposes concrete strategies for investing in the rise of tokenization. It recommends that investors focus on top-tier Layer 1 blockchains and infrastructure projects.

The article not only provides a detailed analysis of the specific composition and market positioning of the Bitcoin and Ethereum spot ETFs promoted by the Truth Social platform, as well as the "encryption blue-chip ETF".

The article not only reveals the important information that Tether has gold reserves worth 8 billion dollars in Switzerland, but also provides a detailed analysis of the issuance background, technical features, and market applications of Tether Gold (XAUT).

This article delves into the mechanism limitations of Kaito, the subjective selection issues of the project party, and the technical challenges in the industry regarding the identification of real contributions.

The article not only elaborates on the core features of the Yeti Card, such as global acceptance, compatibility with mobile payments, and multi-scenario design, but also delves into the technical architecture and revenue generation mechanisms of Yala, including DeFi yield strategies, RWA investment products, and AI yield agents.

Zhejiang Chen was pursued for taxes due to trading coins, raising concerns about whether mainland China officially imposes taxes on virtual money transactions. This article analyzes this contentious issue in detail from the perspectives of regulations, policies, and judicial practices, clarifying the cognitive misunderstanding of whether "paying back taxes equals recognition" and providing clear compliance references for Web3 participants.

A Comprehensive Analysis of Marketing Terminology in the Web3 World! From PMF to Tokenomics Fit, from CAC to Airdrop Cost, from CVR to On-chain Conversion Rate, this glossary helps you bridge the language barrier between traditional and encryption marketing, allowing you to quickly understand the core gameplay and growth logic of Web3.