Topics of Crypto World

On October 29, the crypto market experienced a broad pullback, with major assets under pressure. BTC fell 0.29%, retreating from above $116,000 to around $112,000, while ETH slipped 0.11%, maintaining a high-level consolidation pattern. Capital flows shifted toward the infrastructure and application innovation sectors — Pi Network (+16.77%) surged following a KYC expansion that spurred short-term inflows; APRO Token (+22.73%) rallied on optimism surrounding its “Oracle 3.0” update and new ecosystem plan; and Puffer (+29.82%) gained traction as its UniFi AVS launch positioned it at the forefront of Ethereum scalability development. Meanwhile, t54.ai introduced x402-secure, establishing a programmable trust and verification framework for the agent ecosystem; Visa expanded its stablecoin support network, with quarterly crypto payment volumes rising fourfold year-over-year; and Tether Gold’s market value surpassed $2.1 billion, which — together with PAX Gold — now accounts for nearly 90% of the $3.7 billion token

Gate Research Daily Report: On October 29, the crypto market experienced a broad pullback, with major assets under pressure. BTC fell 0.29%, retreating from above $116,000 to around $112,000, while ETH slipped 0.11%, maintaining a high-level consolidation pattern. Capital flows shifted toward the infrastructure and application innovation sectors — Pi Network (+16.77%) surged following a KYC expansion that spurred short-term inflows; APRO Token (+22.73%) rallied on optimism surrounding its “Oracle 3.0” update and new ecosystem plan; and Puffer (+29.82%) gained traction as its UniFi AVS launch positioned it at the forefront of Ethereum scalability development. Meanwhile, t54.ai introduced x402-secure, establishing a programmable trust and verification framework for the agent ecosystem; Visa expanded its stablecoin support network, with quarterly crypto payment volumes rising fourfold year-over-year; and Tether Gold’s market value surpassed $2.1 billion, which — together with PAX Gold — now accounts for nearly 9

The article, from the perspective of natural selection, provides a detailed analysis of the application and competition of AI in various fields, such as finance, sports prediction, and market forecasting, demonstrating how AI rapidly evolves through competition.

The article examines the architectural innovations of the Percolator sharded perpetual contract protocol framework, and also discusses the significant attention and support Solana Labs has dedicated to Perp Dex, along with Solana’s continued commitment to performance optimization.

The article details how Deshare 2.0 accelerates large-scale adoption of DePIN and RWA by leveraging hardware-level on-chain capabilities and a three-tier product architecture. It also thoroughly introduces the core functions and real-world applications of Deshare Protocol, Deshare Toolkit, and Deshare Suite.

This article offers a comprehensive examination of the competitive and symbiotic relationship between Bitcoin and tokenized gold, tracing the shift from "trustless algorithmic consensus" to a "re-trust model based on institutional credit" to explore which asset truly deserves the title of "digital gold." It thoroughly analyzes the evolution of the BTC narrative, the ascent of Tether Gold, and how the RWA movement is transforming both the financial characteristics of gold and its value within the on-chain ecosystem.

This article provides an in-depth analysis of Coinbase's AI agent payment protocol x402, exploring how it has evolved from a "hype concept" into genuine infrastructure, and has been adopted by industry giants like Cloudflare, Google Cloud, and Anthropic. The article examines x402's technical logic, ecosystem expansion, and potential bottlenecks, assessing whether it could become blockchain's second global-scale application after stablecoins.

Surging from around $54 to approximately $372 within a month, Zcash (ZEC) achieved a sixfold increase, surpassing its 2021 peak. The analysis points out that this rally was primarily driven by expectations of a tokenomics halving, a resurgence of privacy narratives, and support from prominent investors. However, on-chain usage has not significantly improved, genuine demand remains unverified, and the risk of a speculative bubble warrants caution.

Last week, H surged over 122.50%, emerging as the top-performing token. VIRTUAL and ZEC also recorded gains of 102.60% and 54.69%, respectively, rising against the short-term market trend. Arbitrum has remained in the top position for multiple consecutive weeks, with a weekly net inflow of $221 million, far exceeding other public blockchains. The x402 protocol saw a record high of 932,400 transactions in a single week. Gate Web3 has announced the launch of a dedicated "x402 Protocol Zone", initially covering 10 popular tokens from the x402 ecosystem. Market data and trading features are now fully available.

Weekly Report Date: October 27, 2025; Important Notice: The opinions and information herein are for reference only and do not constitute investment advice for any individual; Strategy Recommendation: BTC Bullish Calendar Spread.

Gate Ventures, the venture capital arm of the global leading crypto platform Gate, announced the strategic acquisition of ADEN, a top-tier decentralized perpetual exchange (Perp DEX). The acquisition marks a significant milestone in Gate's expansion into the decentralized derivatives market and reflects its long-term commitment to advancing the "All in Web3" strategy through both infrastructure innovation and ecosystem integration. Following the integration, the newly acquired ADEN will officially debut on November 3.

Bitcoin is hovering below $113,000. On-chain data indicates shaken confidence among short-term holders, while long-term holders continue distributing assets, signaling the market has entered a "demand exhaustion" phase. The options market is also turning defensive, with rising demand for put options and elevated implied volatility, suggesting traders are hedging risks rather than betting on a rebound. Glassnode analysis notes that Bitcoin may face an extended consolidation period, with renewed spot demand and a decline in volatility being key to reigniting market momentum.

A recent report by Multicoin Capital proposes the emergence of "attention assets"—by integrating social media interactions, meme coins, and UGA (user-generated assets) with prediction markets, tradable "attention perpetual contracts" are being created. The article explores the definition of this category, oracle mechanisms, and related deployment challenges, suggesting that when attention becomes a quantifiable and hedgeable asset, it could emerge as the next generation of financial instruments.

This article provides an in-depth analysis of why the "Prop AMM (Professional Automated Market Maker)" model, which has gained significant popularity on Solana, is almost absent in the EVM ecosystem. The article examines the reasons for its success on Solana and the key obstacles in the EVM ecosystem from three dimensions: technical architecture, fee structure, and front-running risks. It also proposes an innovative approach to potentially adapt Prop AMM to the EVM environment.

This week’s recap covers the latest trends in the crypto market amid macroeconomic shifts: Fed Chair Jerome Powell’s comments on rate hikes and balance sheet reduction stirred market volatility. Bitcoin and Ethereum saw declines, with sentiment falling to 29. Privacy-focused and scarcity-driven tokens showed resilience, outperforming others. The report also highlights key blockchain funding rounds and advancements in infrastructure.