According to Gate Research’s weekly report, BTC saw strong resistance around $105,000 after rallying this week, while ETH’s volatility range widened notably. Crypto insurer Chainproof introduced an innovative insurance product, while Tiger Brokers (Hong Kong) launched its cryptocurrency deposit and withdrawal services. Additionally, JPMorgan completed its first tokenized treasury securities transaction. Analysis shows Pump.fun losing substantial market share as new platforms such as Believe and LetsBonk.fun rapidly emerge.

Highlights of This Week:

• Market Overview:BTC price faced considerable resistance near the $105,000 mark after a recent rebound, reducing short-term upward momentum. A clear technical support is presented around $102,000. ETH experienced expanded volatility amid notable outflows from ETF-related funds, with recent price gains possibly driven by technical factors.
• Key Developments:Crypto insurer Chainproof introduced a groundbreaking insurance product targeting Ethereum staking ecosystems, protecting against slashing risks. Tiger Brokers (Hong Kong) launched compliant cryptocurrency deposit and withdrawal services, promoting further integration between traditional finance and crypto markets. JPMorgan executed a tokenized treasury securities transaction leveraging Chainlink and Ondo Finance, indicating an accelerated movement of real-world assets (RWAs) onto blockchains.
• Highlighted Data:Believe ecosystem’s cumulative trading volume surpassed $1.4 billion with a total market capitalization exceeding $450 million. XRP and DOGE futures markets saw substantial growth in open interest, signaling potentially higher speculative risk. Pump.fun’s daily project launch share fell sharply from its previous 98%+ dominance down to 57.5%, with LetsBonk.fun (17.9%) and Believe (12.9%) securely gaining market share.
• Market Opportunities:Investors may watch closely the Gate Launchpad project Puffverse, a metaverse gaming platform built on the Ronin chain, created by former senior team members from Xiaomi and backed by Animoca Brands. The project is seen as having both substantial potential and long-term investment value. Meanwhile, frontier projects such as Openverse, Nirvana Labs, and KYD Labs have attracted significant recent funding, deserving investor attention.
• Upcoming Events:Next week, markets will see large-scale token unlock events involving PYTH, MURA, and VENOM, collectively worth over $560 million. Notably, PYTH’s large unlock—approximately $374 million representing about 58.62% of the circulating supply—may trigger increased market volatility in the short term.

Explore this week’s details → Tiger Brokers (Hong Kong) Expands Crypto Services; LetsBonk.fun and Believe Platforms Take Market Share from Pump.fun | Gate Research

Gate Research is a comprehensive blockchain and cryptocurrency research platform, providing readers with in-depth content including technical analysis, market insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

Disclaimer
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.io Team
May 15, 2025

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