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Gate Research: Bitcoin stabilized and rebounded last week, reclaiming the $90,000 level. Ethereum also recovered above $3,000, with both assets showing a steady, moderate correction. KAS led the market with a weekly gain of 27.19%, standing out as the top-performing asset. Starknet was the strongest-momentum ecosystem, with STRK staking participation and decentralization indicators trending higher. DeFi TVL has accelerated meaningfully since July, nearing its all-time high. Monad, on the other hand, showed a clear pattern of high network activity paired with heavy airdrop-driven sell pressure. Even with higher TPS and ecosystem incentives after its mainnet launch, over half of recipients sold their tokens, resulting in sharp price volatility.

Gate Research Daily Report: Bitcoin fell further below $84,000 on Tuesday, and dragged by BTC’s correction, Ethereum dropped below $2,800 over the past 24 hours, approaching its key $2,600 support again. Ancient8 announced a partnership with the gaming identity layer Dæmons, driving A8 up 89% in the past 24 hours; PRIME’s recent gains were mainly fueled by exchange listings and trading incentives, rising 45% over the same period. Kalshi announced it will tokenize thousands of its existing prediction market contracts on Solana, a move likely to attract more institutional and retail participation; meanwhile, Strategy established a $1.44 billion dividend reserve fund to support payouts, signaling robust cash flow and liquidity management to investors.

Gate Research Daily Report: On December 1, BTC experienced a high-volume plunge after a prolonged sideways consolidation at the upper range, forming a rapid downward structure and hitting a low of $86,317, confirming a short-term trend shift from sideways to bearish. ETH had been consolidating near $3,030 for several days but repeatedly failed to break above resistance, with momentum gradually weakening. The price then sharply broke down near the dense moving average zone, falling to a low of $2,831. In November, cryptocurrency trading volume fell to $1.6 trillion, the lowest level in nearly five months. TON and the Telegram ecosystem officially launched the decentralized privacy computing network Cocoon. A Chainlink spot ETF is expected to launch this week, while Grayscale plans to convert its private trust into an ETF.