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Explore how Lorenzo Protocol transforms staked BTC into liquid restaking tokens, enhancing liquidity and enabling participation in DeFi. Learn how Lorenzo enables Bitcoin's liquidity, making it more versatile and accessible for users across the DeFi ecosystem.

Gate Research Daily Report(November 27): Over the past 24 hours, BTC has fallen by 2.62%, reaching a low of $90,800 and testing the $90,000 mark. Recently listed on major exchanges, MEMEFI has performed exceptionally well, achieving a single-day increase of 85.22% and leading the altcoin sector. The total amount of staked ETH has surpassed 34 million, with Lido maintaining market leadership. According to Arkham data, Donald Trump holds over $5.4 million in crypto assets, with Ethereum accounting for the largest share. The integrated public blockchain Supra has announced that its mainnet and TGE will go live on November 27. Meanwhile, Uniswap v4 has launched the largest bug bounty program in blockchain history, offering a maximum reward of $15.5 million.

Gate Research Daily: September 24, Bitcoin (BTC) has seen a 24-hour price decline of 1.44%, currently trading at $63,074. Sectors such as account abstraction, decentralized identity, and cat-themed memes are experiencing strong upward trends. The total net inflow for Bitcoin spot ETFs in the U.S. is $4.56 million, while Ethereum spot ETFs have a total net outflow of $79.21 million. Lombard has minted 5,861 LBTC, with a total market capitalization of $368 million. The decentralized gaming platform Treasure DAO is set to launch the Treasure Layer2 network based on the ZKSync ecosystem. Three projects have publicly announced funding, raising over $6 million, focusing on infrastructure and DeFi sectors.

Gate Research's latest report, November 2024 Cryptocurrency Market Review, analyzes market trends, on-chain data, hot topics, security incidents, funding activity, and upcoming events, offering a deep dive into the crypto market and key industry trends.

Gate Research Monthly Report: In October, the cryptocurrency market fluctuated between a total market capitalization of $2.2 trillion and $2.5 trillion, impacted by the uncertainty surrounding the U.S. election results and geopolitical tensions. The market displayed a cautious, wait-and-see attitude. Solana saw a significant increase in daily active addresses, reaching 8.17 million on October 29, marking a month-on-month growth rate of 39.7%. The surge in MEME token trading likely contributed to the rise in on-chain active addresses. The Web3 industry attracted a total of 96 funding rounds, raising an impressive $793 million. Among these, the wallet and CeFi sectors were the most active, securing $210 million and $153 million, respectively.

As the Federal Reserve increases the likelihood of rate cuts in September, market liquidity is set to improve significantly, leading to a continuous influx of capital into the Bitcoin market. This surge in funds is expected to drive Bitcoin prices higher and attract more investors.

The Hathor network is a decentralized network with a unique approach to scalability and security. Click the link to find out more.

Explore the latest development of Bitcoin Layer 2 technology, and understand key technical routes such as state channels, side chains, Rollup, and UTXO+ client verification. The article analyzes the progress of major projects such as Lightning Network, Stacks, and Rootstock, as well as emerging technologies such as Merlin Chain and Fractal Bitcoin. It also reveals the financing boom in the Bitcoin Layer 2 field in the past five months, as well as the challenges and future trends facing the industry.

As the world’s third largest economy, Japan is open to cryptocurrencies, but faces challenges with tax policies and approval processes. The crypto market is centered on NFTs and games, and is dominated by male investors, most of whom are over 30 years old. The Japanese government actively promotes Web3 technology, but the market poses obstacles to new entrants. The article also introduces Japan’s major cryptocurrency exchanges and Web3 projects, as well as regulatory policies and crypto venture capital.