landscape

According to official news, Gate continues to improve its global asset trading landscape, having now built a complete trading map that covers both crypto assets and traditional global financial assets, providing users with a richer, more flexible, and more efficient multi-asset trading experience.The Gate TradFi section, as a newly launched multi-asset trading entry on the platform, allows users to use USDT as collateral to directly participate in trading traditional financial assets such as precious metals, foreign exchange, global stock contracts for difference (CFD), major indices, and commodities, while achieving centralized management of crypto assets and traditional financial assets through a unified account system. Gate TradFi covers a wider range of assets and supports up to 500 times fixed leverage.In addition, the precious metals section has covered spot and contract trading of mainstream precious metals such as gold and silver; the index section supports perpetual contract trading of major global indices such as NAS100, UK100, and SPX500; the stock section now supports nearly a hundred cryptocurrencies, including NVDA and TSLA, with up to 50x leverage, and offers 24/7 uninterrupted trading, further lowering the threshold for global users to participate in the traditional stock market.Currently, Gate has achieved deep integration of crypto assets and traditional global financial assets, providing users with more choices for asset allocation and strategy trading in different market environments.

Analyst Serenity revealed that, based on publicly available information, the Maduro regime in Venezuela has accumulated a shadow reserve of over $60 billion in Bitcoin and USDT, established since 2018 through gold swaps and demands for oil exports to be settled in USDT to evade sanctions.Previously, due to the failure of Venezuela's oil-backed cryptocurrency experiment, the Maduro regime turned to USDT as an alternative to oil dollars during crude oil sales. As they realized that USDT still has the capability to freeze addresses, Venezuela began converting USDT into Bitcoin.The estimated holdings of Venezuela can be summarized as follows: Bitcoin accumulated through gold swaps from 2018 to 2020, with gold revenues converted to Bitcoin at an average price of $5,000, currently valued at approximately $45 billion to $50 billion; Bitcoin obtained from oil exports from 2023 to 2025, currently valued at about $10 billion to $15 billion; Bitcoin seized from mining operations from 2023 to 2024, approximately $500 million. Overall, the total value of BTC accumulated by Venezuela from 2018 to 2026 is estimated to be around $56 billion to $67 billion, implying a Bitcoin quantity exceeding 660,000, with a minimum of 600,000.Even if Maduro is currently arrested, it does not mean that the U.S. has completely taken control of these Bitcoins. A significant trial surrounding Maduro will unfold next, reshaping the global Bitcoin market landscape.

Coinbase's Head of Investment Research, David Duong, stated, "We believe that dedicated blockchain networks are rapidly emerging (including L2, independent L1, and application-specific chains) and are quickly reshaping the competitive landscape of crypto infrastructure. For example, the Arc platform built by Circle is designed specifically for institutional-grade applications centered around USDC, aiming to become a compliant and optimal institutional infrastructure; while the Tempo network, incubated by Stripe and Paradigm, focuses on bridging institutional payment channels, targeting the massive cross-border payment and international trade markets.Another example is the Canton Network, which is building a private, permissioned blockchain environment specifically to unlock trillions of dollars of institutional capital that is "locked" by asset tokenization and securities exchanges. This resulting infrastructure fragmentation is not accidental but rather a strategic response from the institutional level to a core issue: large institutions are generally unwilling to outsource their core business logic to platforms controlled by competitors. The underlying logic is—strategic control. An increasing number of companies are choosing to launch their own blockchains to maintain control over their data sovereignty, compliance environment, and the financial value accumulated through network effects.In the short term, this trend may accelerate further, as institutions will continue to launch dedicated chains aimed at high-value, heavily regulated capital flows, prioritizing customized governance, fee structures, privacy controls, and compliance features over using generic shared infrastructure. However, in the long term, we believe the endgame is not an infinitely fragmented "island chain" scenario, but rather a network-of-networks architecture: these highly customized blockchains will achieve deep composability through advanced interoperability layers, such as native cross-chain messaging, staking/re-staking based shared security mechanisms, and privacy-preserving cross-chain bridges.The ultimate winners will be those projects that can strike a balance between vertical deep optimization and horizontal seamless interconnection—achieving cross-chain atomic settlement, unified liquidity pools, and synchronized circulation of real-world assets (RWA); while the laggards may find themselves trapped in isolated ecosystems, gradually marginalized in an increasingly rewarding market environment for compliant, liquid, institutional-grade capital flow.

According to CoinDesk, the Office of the Comptroller of the Currency (OCC) recently issued an interpretive letter confirming that national banks can engage in "risk-free principal" cryptocurrency transactions, allowing banks to facilitate cryptocurrency trading without holding inventory or assuming market risk.According to Bloomberg, JPMorgan is exploring the provision of cryptocurrency trading services for institutional investors, marking a shift for Wall Street banks from the experimental phase of cryptocurrency to the implementation phase. Experts believe this regulatory shift will have a significant impact on the crypto market. With the advantages of regulatory legitimacy and customer trust, banks are expected to capture a substantial portion of retail order flow, particularly putting competitive pressure on independent crypto exchanges that lack banking licenses.Banks are expected to focus on high liquidity assets such as Bitcoin, Ethereum, and regulated stablecoins, rather than offering all crypto tokens. Market observers note that this competitive landscape may not be a zero-sum game, as many banks will still rely on crypto-native companies for liquidity, pricing, and infrastructure, creating opportunities for collaboration.

According to CoinDesk, the U.S. Senate is advancing confirmation votes for two key financial regulatory officials nominated by President Trump, with Mike Selig set to become the chairman of the CFTC and Travis Hill officially taking on the role of FDIC chairman.Both are seen as crypto-friendly and will play an important role in the regulation of the U.S. crypto market. Once in office, Selig will become the sole commissioner of the CFTC and lead the enforcement of crypto regulatory legislation; Hill has emphasized lifting the previous government's restrictions on banks engaging in crypto activities and addressing the issue of "de-banking."

Leading decentralized AI trading layer OlaXBT and the security-focused and innovative cryptocurrency exchange Hotcoin Global today jointly announced the signing of a strategic cooperation memorandum (MOU) to promote innovative applications of artificial intelligence in the field of cryptocurrency trading. This collaboration will combine OlaXBT's patented technology and AIO NEXUS data layer with Hotcoin Global's robust trading infrastructure to create a smarter, more efficient, and compliant trading ecosystem for users.As a next-generation decentralized AI trading layer, OlaXBT boasts patented technology, an MCP market mechanism, and the leading Web3 financial data layer AIO NEXUS. This partnership with Hotcoin Global highlights OlaXBT's ongoing commitment to fostering a compliance-friendly environment, prioritizing user privacy, and implementing verifiable data practices. By integrating the resources of both parties, this alliance will assist users in achieving a safer, more transparent, and sustainable trading experience in a rapidly evolving regulatory landscape.Key focuses of the collaboration include the following initiatives:AIO NEXUS Data IntegrationHotcoin Global will incorporate AIO NEXUS to enhance on-chain data and market sentiment analysis capabilities. This system can aggregate Web3 financial data in real-time, providing compliance insights such as predictive sentiment scoring and risk assessments that meet KYC/AML standards, helping users make more accurate investment decisions.Joint Development of AI Trading ToolsBoth parties will collaborate to develop agent-based AI agents that implement automated and highly transparent trading strategies. This initiative will not only reduce human error but also ensure that all operations have complete auditability, further enhancing the trust foundation of the trading process.This collaboration aims to empower users by providing safer and more intuitive trading tools, further strengthening the overall trust mechanism in the cryptocurrency market.In the future, both parties will gradually launch related features, so please look forward to further updates. For more information, please visit the official websites of OlaXBT and Hotcoin Global.

According to CoinDesk, the privacy-focused cryptocurrency Zcash (ZEC) has surpassed the long-dominant Monero (XMR) in market capitalization, which may signify a power shift in the privacy coin sector. ZEC's market cap first exceeded XMR last Friday, remaining above its predecessor for several hours after a nearly 50% increase in the previous seven days.Throughout the weekend, ZEC maintained its lead, with its market cap reaching as high as $7.2 billion, while XMR hovered around $6.3 billion. Recently, both have had market caps of approximately $6.4 billion. Zcash was launched in 2016, while Monero was created in 2014.The biggest difference between the two lies in their privacy mechanisms: Zcash employs an optional privacy mode, allowing users to choose between transparent or encrypted (shielded) transactions; Monero has all transactions encrypted by default, lacking any choice. This flexibility makes Zcash more readily accepted by traders and institutions, especially those looking to balance privacy with compliance. In contrast, Monero has been delisted from several mainstream trading platforms due to anti-money laundering (AML) and know your customer (KYC) issues.