gate Research Institute: ETH rose nearly 5% in the past day, stabilizing Rebound, BIO Protocol released a new quarterly roadmap

Summary

• ETH rebounded after hitting bottom, with a 4.93% price increase in the past 24 hours; Bitcoin is weak and fluctuating, with a slight price decline.
• Trump announced that former football player Heinz will serve as the executive director of the Digital Assets Presidential Advisory Committee.
• The open position of BTC options across the entire network has dropped to 38.88 billion USD, and there will be options worth 20 billion USD expiring on the 27th.
• DeSci Protocol Bio Protocol released the roadmap for the first quarter of 2025.
• The dYdX community voted to approve a $4 million DEP funding plan.

Market Review

According to Gate.io market data, as of 0:00 on December 24 (UTC+0) [1]:

• BTC - The price of BTC has fallen by 0.5% in the past 24 hours, and the current price is $94,411.8, with the highest price in the past 24 hours being $96,440.9 and the lowest price being $92,291.8. After the second retest, BTC has entered a new oscillation channel in the short term. Although the price has fallen in the short term, it has not broken the previous low. At the same time, the MCAD line is slightly higher than the signal line. The current price has formed short-term support near 92,300, and the overall trading volume is low, with market sentiment being cautious【2】.

• ETH — ETH prices have risen by 4.93% in the past 24 hours, currently priced at $3,416.67, with a 24-hour high of $3,463.78 and a low of $3,225.98. The ETH price is currently in a range-bound trend, with stronger rebound strength compared to BTC. There are signs of stabilization in the price. The current trading volume is low, indicating a cautious market sentiment, with both long and short positions temporarily balanced【3】.

• ETF - According to Farside Investors data, on December 23rd, Bitcoin spot ETF saw a net outflow of 226 million USD, while Ethereum spot ETF saw a net inflow of 130 million USD【4】.
• Altcoins - Virtuals Protocol Ecosystem, AI Agent Launchpad, Sui Meme and other sections increased by 31.4%, 24.1%, and 11.5%, respectively. [5].
• US Three Major Indexes - On December 23, the S&P 500 index rose by 0.73%, the Dow Jones index rose by 0.11%, and the Nasdaq index fell by 0.09%【6】.
• Spot Gold - Spot gold price rose 0.15% to $2,617.17 per ounce【7】.
• Fear and Greed Index - The Fear and Greed Index is 73, indicating that the market is in a greedy state【8】.

Popular Tokens

According to the Gate.io market data, combined with the recent 24-hour trading volume and price performance, the following popular altcoins are as follows:

ARC (AI Rig Complex) - Up approximately 51.40% in a single day, with a circulating market value of $164 million. Arc is a new AI open-source framework developed by Playgrounds Analytics Inc for building modular and scalable artificial intelligence applications, deploying AI Agents. The framework is developed using the Rust programming language, and ARC token serves as the native token of the Arc framework. Last weekend, the ARC team released the Handshake tool, attracting a large number of developers to its AI platform. The comprehensive body is steadily growing, and the atmosphere within its community is harmonious, actively making efforts and taking actions to promote AI construction, further driving the growth of the ARC ecosystem [9].

GOUT - Single-day increase of about 46.71%, with a market capitalization of 57.95 million US dollars. $GOUT was born from meme culture. It is a token that brings not only humor, but also real value to the community. From meme to skyrocketing returns, $GOUT is leading the trend. Recently, the GOUT ecosystem content update column has been released, which has attracted many new fans with functions such as MEME PUMP platform, SWAP, multi-chain MEME incubation, cross-chain bridge, etc. At the same time, its social fan base has announced a new incentive plan, including staking rewards, NFT rewards, LP rewards, etc., stimulating the GOUT token model and triggering its price increase 【10】.

LUNAI (Luna by Virtuals) —— Daily increase of about 44.58%, circulating market value of $118 million. Luna is an autonomous AI agent created on the Virtuals Protocol platform, and LUNAI is the native token of the Luna by Virtuals project. She live streams and autonomously tweets through her own Twitter account. Luna also has her own independently controlled on-chain wallet. Recently, the rise of LUNAI may be attributed to its listing on multiple centralized exchanges. Since the Alpha announcement, the price of LUNAI has been continuously rising. Recently, the platform has mobilized the enthusiasm of community members through social media and community voting, while actively contacting multiple exchanges, listing on multiple exchanges, and stirring up market sentiment, attracting more investor attention.

Highlight Data

Cryptocurrency market cap falls to $3.41 trillion According to CoinGecko’s data, the total market capitalization of cryptocurrencies has dropped to $3.41 trillion in recent times, a decrease of 1.76% in the past 24 hours. The crypto market has experienced significant fluctuations in the past 14 days. From December 9th to 12th, the total market value showed a significant decline, but it briefly rebounded around December 15th before entering a downward trend again. In terms of trading volume, the overall market activity has not significantly increased, and the market funds are still observing.

Possible reasons for the market downturn include macroeconomic uncertainties, technical corrections in major cryptocurrencies, and a low liquidity environment at the end of the year. In addition, investors may be cautious about short-term policy dynamics and macroeconomic data. Nevertheless, as the market gradually absorbs the pressure, there may be room for a rebound in the future, especially when the ecosystem of mainstream projects further expands, which may bring positive signals. [12]

The open positions of BTC options across the entire network fell to 388.8 billion US dollars According to Coinglass data, the notional value of outstanding BTC options is currently $38.88 billion and ETH options is $9.1 billion. The outstanding positions of BTC and ETH both reached peaks in mid-December and have since fallen back, but remain at high levels overall. This trend reflects investors’ continued attention to the options market, especially in the recent significant price fluctuations. BTC and ETH prices showed an upward trend from early to mid-December, followed by adjustments, but the high level of outstanding positions indicates that the market sentiment is still relatively positive and traders have high expectations for the future. The increase in outstanding positions usually indicates inflows of funds, but market participants should beware of the short-term volatility risks that the market may face.

Singapore digital asset trading company QCP stated in its market analysis that after last week’s sharp drop, as the holiday approaches, the spot market continues to consolidate. Although this week the market seems quiet, everyone’s attention is focused on the massive expiration date on the 27th, with nearly $20 billion nominal value of BTC and ETH options set to expire, which almost accounts for half of Deribit’s total OI. After the expiration, typical end-of-quarter volatility selling may be seen, especially considering the ongoing spot volatility and option sellers continuing to close out positions. Unlike most option sellers who have to wait for collateral release after expiration, call option buyers may have already closed out most of their positions. However, if BTC successfully breaks through $100,000, the volatility may remain strong.

Social PayFi platform Zingo has attracted over 500,000 registered users in just 30 days The social payment platform Zingo in the PayFi ecosystem has attracted over 500,000 users in just one month since its launch as a Mini App on Telegram. Zingo provides rich content and viral means for social interaction in the pan-entertainment application, meeting users’ consumption needs. Currently, Zingo focuses mainly on gaming, with five games already launched, and plans to incorporate fun AI experiences, as well as audio and video applications in the future. The official release reveals that the upcoming Zingo 2.0 version will introduce a ‘Telegram ecosystem’s simplest and most user-friendly’ wallet, which will not only be limited to use within the Zingo ecosystem applications, but will also be open as infrastructure to all Telegram Mini Apps (TMA) that require wallet aggregation capabilities.

Telegram mini app, with its advantages of relying on a huge user base, low development threshold, and deep integration with the Telegram ecosystem, is becoming the first choice for more and more project parties. Mini apps can not only quickly reach users and reduce customer acquisition costs, but also show great potential in the Web3 field, providing developers with more innovative space. With the advent of the Web3 era, the development prospects of mini apps are broad, and more project parties will choose this way to go online. [14]

Hot Comments

Trump announced that former football player Heinz will serve as the Executive Director of the Digital Asset Presidential Advisory Committee Recently, Trump posted on Truth Social that Heinze will serve as the Executive Director of the Digital Assets Presidential Advisory Committee, chaired by David Sacks. Heinze will work with David Sacks to promote innovation and growth in the digital asset field, while ensuring industry leaders have the resources they need for success. In addition, Sriram Krishnan will serve as a Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy.

Heinze was once a college football player who failed to be elected as a congressman in 2022. Trump wrote: ‘In his new role, Heinze is working with David Sacks to drive innovation and growth in the digital asset field, while ensuring industry leaders have the resources they need to succeed. [15]’

DeSci Protocol Bio Protocol releases Q1 2025 roadmap The BIO token will complete its initial token generation event (TGE) on the Ethereum mainnet on January 3, 2025, and plans to subsequently land on the Solana and Base networks. At the same time, Long COVID Labs, the new BioDAO project, and the BIO/BioDAO liquidity pool will be launched. In February 2025, Bio Protocol plans to launch the Curetopia platform and start the new version of BIO Launchpad, followed by the release of the Solana version of BIO Launchpad.

BIO is a decentralized scientific (DeSci) governance and liquidity protocol. Its goal is to enable global patients, scientists, and biotech professionals to collectively fund, build, and own tokenized biotech projects and intellectual property (IP), thereby accelerating the development of biotechnology. The team behind BIO has helped create Molecule (a tokenized platform for early-stage biomedicine) and VitaDAO (the largest decentralized community for longevity science). Building on the success of these projects, BIO is now working to catalyze the on-chain scientific economy through decentralized funding, incentives, and liquidity. [16]

dYdX community voted to pass $4 million DEP funding plan The dYdX community recently completed a crucial vote, supporting the allocation of $4 million from the Treasury subDAO fund to finance the DEP (dYdX Ecological Plan) for the next 14 months. This vote attracted 43 out of 60 active validating nodes and 813 accounts, with a voting rate of 57.38%. The final result showed that 75.02% of the votes supported the proposal, with only 0.11% opposed and 24.87% abstaining.

This resolution demonstrates the dYdX community’s emphasis on the development of the ecosystem. Through DEP, dYdX will further promote the construction of the decentralized derivative trading ecosystem and provide more resources and support for developers and the community. The high level of community participation and overwhelming support indicate that dYdX is gradually maturing in governance, while highlighting the important role of decentralized autonomous organizations (DAO) in resource allocation and strategic decision-making. This funding plan is expected to further enhance dYdX’s competitiveness and consolidate its leading position in the decentralized derivative market. [17]

Financing News

According to RootData, as of December 23, 2024, a total of 3 projects have publicly announced their financing, with a total financing amount of $20.60 million, involving stablecoins and digital music, the specific financing situation is as follows: [18]

Avalon Labs – Avalon Labs closed a $10 million Series A funding round with participation from Framework Ventures, UXTO Management, and others. Avalon Labs is an innovative company focused on the development of the Bitcoin DeFi ecosystem, mainly issuing USDa, a BTC-backed stablecoin. The company is committed to transforming Bitcoin from a traditional digital store of value tool to a more functional financial tool, providing users with diverse application scenarios.

Usual – Usual completed a $10 million Series A financing round, with participation from Binance Labs, Kraken Ventures, and others. Usual is a decentralized stablecoin issuance platform that achieves distributed ownership and governance of infrastructure and treasury through the governance token $USUAL, avoiding bank and counterparty risks while empowering users with control over protocol cash flow and governance, promoting the sustainable development of the ecosystem.

**The Grid **—— The Grid completed a $600,000 angel round financing. The Grid provides an open, independent, and auditable reference dataset to support Web3 directories and platforms. By standardizing and distributing accurate metadata about blockchain projects, assets, and companies, The Grid enables platforms to better serve retail and institutional users while reducing compliance costs.

Airdrop Opportunity

EXIUM - EXIUM is a decentralized ecosystem centered around artificial intelligence, aimed at promoting collaborative research and practical applications of AI by integrating developers, enterprises, researchers, investors, and end users. Its goal is to leverage the combination of AI technology and blockchain to create an open and decentralized platform, accelerate innovation, promote data sharing and cross-disciplinary collaboration, and provide revolutionary AI solutions for human life. It focuses on AI applications in healthcare, financial tools, and improving human life.

EXIUM has a total token supply of 9 billion, with the distribution aimed at supporting the long-term development of the ecosystem and community participation. Of this, 30% (2.7 billion) is allocated for public sale, 20% (1.8 billion) for liquidity supply, 10% (900 million) for the development team, 5% (450 million) for advisors and partners, 5% (450 million) for marketing and community participation, 20% (1.8 billion) as reserve funds, and an additional 10% (900 million) specifically for incentivizing developer contributions. This airdrop aims to attract more developers, researchers, and community members to participate in ecosystem construction through token rewards, enhance ecosystem activity, encourage high-quality contributions, and promote the development of AI research and practical applications.

Participation method:

1. Access the EXIUM robot on Telegram.
2. Join the EXIUM Telegram channel, follow @EXIUMCOIN on X, and like the latest post.
3. Share the referral link and get 50 EXIUM for each person you refer.
4. Participate in the activity to receive more rewards.

Tip: Airdrop plans and participation methods may be updated at any time. Users are advised to follow EXIUM’s official channels for the latest information. At the same time, users should participate cautiously, pay attention to risks, and conduct sufficient research before participating. Gate.io does not guarantee the subsequent airdrop rewards.
Reference:

1. Gate.io,
2. Gate.io,
3. Gate.io,
4. Farside Investors,
5. Coingecko，
6. TradingView,
7. TradingView，
8. Gate.io,
9. Gate.io,
10. Gate.io,
11. Gate.io,
12. Coingecko，
13. Coinglass，
14. X,
15. Trtuthsocial，
16. Bio,
17. X,
18. Rootdata，
19. X,

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