Gate Research Institute: ETH rose nearly 5% and stabilized rebound, BIO Protocol released the roadmap for the new quarter

Summary

• ETH bounced off the bottom, with a 24-hour price increase of 4.93%; Bitcoin is weakly oscillating, with a slight price decline.
• Trump announced that former football player Hines will serve as the executive director of the Digital Asset Presidential Advisory Board.
• The open BTC option positions on the entire network fell to 38.88 billion US dollars, and there will be USD 20 billion worth of options expiring on the 27th.
• DeSci Protocol Bio Protocol released the roadmap for the first quarter of 2025.
• The dYdX community has approved a $4 million DEP funding plan.

Market Review

According to the Gate.io market data, as of 0:00 on December 24th (UTC+0) 【1】:

• BTC - The BTC price has fallen by 0.5% in the past 24 hours, currently priced at $94,411.8, with a 24-hour high of $96,440.9 and a low of $92,291.8. After the second dip, BTC has entered a new oscillation channel in the short term. Although the price has dropped in the short term, it has not fallen below the previous low. At the same time, the MCAD line is slightly higher than the signal line. Currently, a short-term support is formed around 92,300, with overall trading volume at a low level and market sentiment relatively cautious [2].

• ETH - The ETH price has risen by 4.93% in the past 24 hours, with the current price at $3,416.67, the highest price in the last 24 hours at $3,463.78, and the lowest price at $3,225.98. The ETH price has now entered a period of range-bound volatility, with stronger rebound momentum compared to BTC. There are signs of stabilization in the price. Current trading volume is relatively low, indicating a wait-and-see market sentiment, with both long and short positions temporarily in a balanced state [3].

• ETF - According to Farside Investors data, on December 23, net outflows of $226 million for Bitcoin spot ETF and net inflows of $130 million for Ethereum spot ETF【4】.
• Shanzhai Coin —— Virtuals Protocol Ecosystem, AI Agent Launchpad, Sui Meme, etc. sections changed by +31.4%, +24.1%, 11.5%【5】.
• US stock three major indices - the S&P 500 index rose by 0.73% on December 23, the Dow Jones index rose by 0.11%, and the Nasdaq index fell by 0.09%【6】.
• Spot Gold - The spot gold price is at $2,617.17 per ounce, up 0.15% on the day【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 market data of Gate.io, combined with the trading volume and price performance in the past 24 hours, the following popular altcoins are as follows:

**ARC (AI Rig Complex) —— The daily increase is about 51.40%, with a market capitalization of 164 million U.S. dollars. Arc is an emerging AI open-source framework developed by Playgrounds Analytics Inc. It is used to build modular and scalable artificial intelligence applications and deploy 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 their AI platform. The comprehensive development of the platform has contributed to the harmonious atmosphere within the community and active efforts and actions towards promoting AI development, further fueling the growth of the ARC ecosystem [9].

GOUT - Daily increase of approximately 46.71%, with a circulating market value of 57.9547 million US dollars. $GOUT was born out of meme culture. It is a token that not only brings humor, but also brings real value to the community. From memes to skyrocketing returns, $GOUT is leading the trend. Recently, the GOUT ecosystem content update column has been released, including functions such as MEME PUMP platform, SWAP, multi-chain MEME incubation, cross-chain bridge, which have attracted many new fans. At the same time, its social fans have announced a new incentive plan, including staking rewards, NFT rewards, LP rewards, etc., stimulating the GOUT token model, triggering its price surge [10].

LUNAI (Luna by Virtuals) —— Daily increase of approximately 44.58%, with a market capitalization of $118 million. Luna is an autonomous artificial intelligence agent created on the Virtuals Protocol platform, and LUNAI is the native token of the Luna by Virtuals project. She live streams and tweets autonomously through her own Twitter account around the clock. 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 continued to rise. Recently, the platform has fully mobilized the enthusiasm of community members through social media and community voting, while actively reaching out to multiple exchanges, listing on many exchanges, and stirring up market sentiment, attracting more investor attention.

Highlight Data

The total market value of cryptocurrency fell 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 cryptocurrency market has experienced significant fluctuations in the past 14 days. From December 9th to 12th, the total market capitalization 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’s trading activity did not increase significantly, and the market’s wait-and-see sentiment remains strong.

Possible reasons for the market downturn include macroeconomic uncertainty, technical corrections of major currencies, and low liquidity environment at the end of the year. In addition, investors may adopt a wait-and-see attitude towards 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 position of BTC options on the entire network has fallen to 388.8 billion U.S. dollars According to Coinglass data, the nominal value of outstanding BTC options positions is $38.88 billion, and ETH options is $9.1 billion. The outstanding positions of BTC and ETH both peaked in mid-December and have since declined, but remain at relatively high levels. This trend reflects continued investor attention to the options market, especially in the recent significant price volatility. The prices of BTC and ETH showed an upward trend from early to mid-December, followed by adjustments, but the high level of outstanding positions indicates that market sentiment remains positive, and traders have high expectations for the future. An increase in outstanding positions typically indicates capital inflows, but caution is needed regarding potential short-term volatility risks in the market.

Singapore digital asset trading company QCP said in its market analysis that after last week’s plunge, spot prices continued to consolidate as the holiday approached. Although the market seems calm this week, everyone’s attention is focused on the large expiration date on the 27th, when BTC and ETH options with a nominal value of nearly $20 billion will expire. This accounts for almost half of Deribit’s total OI. After expiration, typical end-of-quarter volatility selling may be seen, especially considering the continued volatility of spot prices and the continued closing of options sellers. Unlike most options sellers who have to wait for the collateral to be released after expiration, call option buyers may have already closed most of their positions. However, if BTC successfully breaks through $100,000, volatility may remain strong [13].

Social PayFi platform Zingo has exceeded 500,000 registered users in the ecosystem within 30 days of its launch The social PayFi platform Zingo has attracted more than 500,000 users in just one month since its launch on Telegram. Zingo provides rich content and viral means for social interaction in the pan-entertainment application, meeting users’ consumption needs. Currently, Zingo mainly focuses on gaming, with 5 games already launched, and plans to add fun AI experiences and audio-video applications in the future. Officially disclosed, the Zingo 2.0 version is about to be launched, which will add a ‘Telegram ecosystem’s simplest and most user-friendly’ wallet. This wallet feature will not be limited to use within the Zingo ecosystem applications, but will also be open as infrastructure to all Telegram Mini Apps (TMA) that need wallet aggregation capabilities.

With its huge user base, low development threshold, and deep integration with the Telegram ecosystem, the Telegram mini app is becoming the first choice for more and more projects. Mini apps not only can 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 arrival of the Web3 era, the development prospects of mini apps are broad, and more projects will choose this method for online launch in the future.

Hotspot Review

Trump announced former football player Heinz will serve as 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 Council, chaired by David Sacks. Heinze will work with David Sacks to promote innovation and growth in the digital assets field, while ensuring industry leaders have the resources they need for success. In addition, Sriram Krishnan will serve as Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy.

Heinze was a college football player who failed to win election to Congress in 2022. Trump wrote: “In his new position, Heinze will work with David Sacks to drive innovation and growth in the digital asset space, while ensuring that 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 a new version of the BIO Launchpad, followed by the release of the Solana version of the BIO Launchpad.

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

dYdX Community Vote Passes $4 Million DEP Grant Program The dYdX community recently completed a critical vote in support of allocating 4 million US dollars from the treasury subDAO assets to fund the next 14 months of the DEP (dYdX Ecosystem Plan). The vote attracted 43 out of 60 active validating nodes and 813 accounts, with a voter turnout 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 ecological development. Through DEP, dYdX will further promote the construction of a decentralized derivative trading ecosystem, providing more resource 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 program is expected to further enhance dYdX’s competitiveness and consolidate its leading position in the decentralized derivatives market.

Financing Information

According to RootData, as of December 23, 2024, a total of four projects have announced financing, with a total financing amount of $20.6 million, involving stablecoins and digital music. The specific financing situation is as follows: [18]

Avalon Labs —— Avalon Labs has completed a $10 million Series A financing, with participation from Framework Ventures, UXTO Management, and others. Avalon Labs is an innovative company focused on the development of the Bitcoin DeFi ecosystem, primarily issuing the BTC-backed stablecoin USDa. The company is committed to transforming Bitcoin from a traditional digital value storage tool into a more functional financial instrument, providing users with diverse application scenarios.

**Usual **—— Usual completed a $10 million Series A funding 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 its governance token $USUAL, avoiding bank and counterparty risks. It also empowers users with control over protocol cash flow and governance, promoting sustainable decentralized development of the ecosystem.

**The Grid **—— The Grid has completed a $600,000 angel round financing. The Grid provides open, independent, and auditable reference datasets 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 with artificial intelligence at its core, 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 that accelerates innovation, promotes data sharing, and cross-disciplinary collaboration, thereby providing revolutionary AI solutions for human life. It focuses on AI applications in healthcare, financial tools, and improving human life.

The total supply of EXIUM tokens is 9 billion, and the distribution is designed to support the long-term development of the ecosystem and community participation. Among them, 30% (2.7 billion) is used for public sales, 20% (1.8 billion) is used for liquidity supply, 10% (900 million) is allocated to the development team, 5% (450 million) is used for advisor and partner relationships, 5% (450 million) is used for marketing and community participation, 20% (1.8 billion) is reserved as reserve funds, and another 10% (900 million) is specifically used to incentivize developer contributions. This airdrop attracts more developers, researchers, and community members to participate in ecosystem construction through token rewards, enhances ecosystem activity, and encourages high-quality contributions to promote the development of AI research and practical applications [19].

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 referred.
4. Participate in the event to receive more rewards.

Tip: The airdrop plan and participation methods may be updated at any time. It is recommended that users follow EXIUM’s official channels to obtain the latest information. At the same time, users should participate cautiously, pay attention to risks, and do sufficient research before participating. Gate.io does not guarantee the subsequent airdrop rewards distribution.
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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