In 2026, leading private tech companies represented by SpaceX, OpenAI, and Anthropic have successively advanced their IPO plans. Among them, SpaceX has a target valuation of as high as $1.75 trillion and plans to raise $75 billion, potentially becoming the largest IPO in history. The capital absorption effect of these mega IPOs could pose a potential short-term liquidity shock to the crypto market.

As prediction markets gradually enter the mainstream financial system, high-attention events in politics, sports, macroeconomics, AI, and regulation continue to drive demand for event-based trading, turning "probabilities of the future" into tradable assets. By integrating Polymarket, Gate has packaged the originally Web3-native prediction market into an account-based trading experience within a CEX. Leveraging its user scale, USDT funding on-ramp, and trade distribution capabilities, it has rapidly grown into a Top3 distribution channel for Polymarket.

A long put is one of the most typical directional options strategies in a bear market. By paying a fixed premium, this strategy gains elastic downside profit potential with limited maximum loss, making it suitable for expressing bearish views or hedging portfolio risk. This article uses a BTC case study to explain the profit structure, applicable scenarios, risk sources, and practical key points of a Long Put, helping readers understand this trading tool that combines both defensive and offensive attributes in high-volatility markets.

Against the backdrop of political, sports, and geopolitical events continuously amplifying trading demand and the platform’s fee scope expanding in tandem, Polymarket’s trading volume and active users are showing structural growth driven by events. However, high revenues do not equate to long-term validation. Polymarket currently functions more as a trading market activated by high-attention events rather than a broadly diversified, general-purpose platform. Gate, leveraging its account system, low barriers to entry, and product integration capabilities, is entering the prediction market, offering an alternative, more easily convertible gateway beyond the native on-chain path.

Markets evolve, and tools are iterated. Only a profound understanding of the underlying mechanisms allows one to find new footholds in every structural shift.

The impact of AI has already reached the crypto space, faster than most people expected.

Against the backdrop of overall pressure on the crypto market and intensified project divergence in Q1 2026, Gate's spot listing system still demonstrated strong resilience: with a 77.1% coverage rate of top-tier projects, a 73% first-listing ratio, and a 37.8% proportion of exclusive projects, it built a structurally complete supply framework. Regarding post-listing performance, the proportion of new tokens that rose across multiple time windows from 5 minutes to 7 days generally remained above 50%, with median returns at 24 hours and 3 days reaching +9.3% and +10.0%, respectively.

The depreciation of the US dollar is the result of the combined long-term effects of changes in real purchasing power, fiscal policy, and real interest rates. The traditional banking system, constrained by regulation, has created spillover demand for dollars, which stablecoins are precisely positioned to absorb. The quality of stablecoin collateral, transparency, and issuer credibility are becoming core variables determining their price stability, liquidity priority, and long-term capital preferences. Looking ahead to 2026, stablecoins are more likely to play the role of a US dollar "reservoir" and distribution layer. Their reserve assets, forming a stable bid for short-term US Treasuries, are in turn influencing the US dollar's own pricing structure.

Against the backdrop where mainstream platforms generally expand traditional asset supply through quote-based CFD modules, Gate not only offers traditional asset CFDs but also integrates stocks, metals, indices, forex, and commodities into a unified orderbook perpetual contract system. It adopts the matching and funding rate framework of crypto perpetuals in its trading structure. Leveraging public order matching, visible market depth, and order placement/market-making mechanisms, Gate enhances the market-driven price discovery and transparency of the liquidity structure for traditional assets, making it easier for APIs and quantitative strategies to be reused across multiple assets.

Against the backdrop of the industry generally reducing the supply of ETF leveraged tokens and accelerating the phase-out of complex structured products, Gate continues to advance the scaled supply of ETF leveraged tokens with a transparent mechanism and unified fee structure, becoming one of the few platforms capable of stably providing such trading over the long term. By clearly disclosing rebalancing times and trigger ranges, a unified 0.1%/day management fee covering contract hedging, funding rates, and trading costs, Gate provides explicit disclosure of the core rules and cost sources for highly structured leveraged tokens, lowering the barrier to entry and the cost of understanding.

This article conducts a statistical review across multiple time windows from 5 minutes to 30 days post-listing, using metrics such as the proportion of assets that rose, the gains of rising samples, and median values to characterize overall performance and its structural differences.

This report systematically outlines the entire evolution of crypto wallets from private key management tools in the Bitcoin era to becoming the core gateway for on-chain finance. The research reviews how waves such as DeFi Summer, inscriptions, Memes, and on-chain derivatives have continuously expanded the functional boundaries of wallets, driving their transformation from passive asset management tools into All-In-One on-chain "CEX-like" platforms. It also analyzes the commercial breakthroughs wallets have achieved in asset issuance, trading, and distribution scenarios.

From December 2nd to December 15th, 2025, global markets diverged. Despite the Fed's expected rate cut, policy disagreements and expectations of a pause in rate cuts suppressed risk appetite. BTC and ETH remained in a consolidation phase, with highly volatile assets relatively outperforming. Tokens related to AI applications and privacy computing strengthened, while new public chains and stablecoin narratives underperformed. A clear divergence in volume and price structures was evident, with the market still primarily driven by short-term speculation, but structural opportunities still existed.

In November 2025, high-performance public chains continued to dominate on-chain activity, and the ecosystem stratification became increasingly apparent. Solana maintained its leading position in transaction volume and active addresses due to its high-frequency interactions; although Arbitrum experienced low fluctuations on the user side, it continued to receive net inflows driven by asset tokenization and institutionalization, becoming the focus of capital preference.

From November 11th to November 24th, 2025, the cryptocurrency market experienced a correction due to concerns about an AI bubble and tightening macroeconomic conditions. However, BTC and ETH saw a low-level recovery, maintaining an overall consolidation phase. The top 500 cryptocurrencies by market capitalization all fell by approximately 15%, with significant divergence among small and mid-cap coins. BEAT led the gains with a 436% increase, while thematic coins like SOON fell by 50-70%. There was a clear mismatch between volume and price; coins like AGENTFUN and XSO saw increased volume but failed to rise, indicating a cautious short-term market but still presenting structural opportunities.