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Last week, H surged over 122.50%, emerging as the top-performing token. VIRTUAL and ZEC also recorded gains of 102.60% and 54.69%, respectively, rising against the short-term market trend. Arbitrum has remained in the top position for multiple consecutive weeks, with a weekly net inflow of $221 million, far exceeding other public blockchains. The x402 protocol saw a record high of 932,400 transactions in a single week. Gate Web3 has announced the launch of a dedicated "x402 Protocol Zone", initially covering 10 popular tokens from the x402 ecosystem. Market data and trading features are now fully available.

Gate Research Daily Report: Before the official interest rate cuts take effect, Bitcoin may continue to consolidate within the $113,792–$116,388 range. Ethereum faced resistance while attempting to break through the $4,200 level and may experience further short-term pullbacks or sideways movement. Activity and user growth on the Clanker platform remain strong, with CLANKER rising 14.72% within 24 hours. The October 21 exchange listing boosted liquidity, driving RECALL up 11.21% in 24 hours. x402’s infrastructure development is progressing rapidly, with the ecosystem token market cap surpassing $840 million and a 24-hour increase of 384.1%. Tech giant IBM’s launch of the IBM Digital Asset Haven platform marks a further expansion of its presence in the digital asset space.

Gate Research Daily Report: On October 27, BTC maintained a steady upward trend, trading above the 30MA, with the short-term trend leaning bullish; ETH continued its strong upward momentum, remaining above the short- and mid-term moving averages; GT broke above the upper boundary of its short-term consolidation range, showing a significant boost in short-term momentum. Additionally, PAYAI (+107.6%), DIA (+75.26%), and SYND (+20.26%) surged strongly, with rapid capital inflows into the x402 sector, keeping market hotspots active. The non-circulating supply of Bitcoin declined, with approximately 62,000 BTC flowing out of long-term holders’ wallets. JPYC launched its yen-backed stablecoin and the issuance/redemption platform JPYC EX. Meanwhile, Kalshi’s 30-day trading volume surpassed $4 billion, setting a new record for annualized trading volume.