Gate Research Institute Daily Report: On November 3, BTC prices showed a generally weak oscillating trend, currently fluctuating around $108,900; ETH prices briefly consolidated above $3,850 before dipping again, currently around $3,790, showing a gradual downward trend; GT prices experienced a brief rebound before facing pressure again, currently consolidating around $12.9; BEAT became the focus with a rise of up to +58.90%. In October, the trading volume of decentralized exchanges hit a record high of $613.3 billion; ARK Invest increased its crypto holdings, surpassing a total of $2.15 billion; Tether's net profit for the first nine months exceeded $10 billion, initiating a stock buyback and applying for a fund license.
BTC (-0.87% | Current Price $108,989): In the past 24 hours, BTC prices showed a generally weak oscillating trend. After a period of consolidation, the price failed to effectively break through the upper resistance around $111,000, leading to a continuous decline, currently fluctuating around $108,900. From the moving average structure, the short-term moving averages (MA5, MA10) have turned downward and formed resistance above the price, while MA30 is also showing a flat to downward trend, indicating a significant weakening of short-term bullish momentum. The EMA indicator crossover also shows signs of short-term bearish dominance. In terms of price rhythm, the price has repeatedly faced resistance around $110,500, with support below at the $108,000 area. If this range is broken, it may further test the previous low of $106,200. If effective support can be found above $108,000 with a rebound in trading volume, a technical rebound may be expected. Overall, BTC is weak in the short term, and downward risks should be monitored. Caution is advised in operations, waiting to see if the price can stabilize and stop falling in the $108,000 range before considering short-term long positions; if the rebound lacks volume, a high short strategy should still be prioritized.
ETH (-2.12% | Current Price $3,792): ETH prices maintain a weak oscillating pattern overall. After briefly consolidating above $3,850, the price dipped again, currently around $3,790, showing a gradual downward trend. From the moving average structure, the short-term moving averages (MA5, MA10) have clearly turned downward and formed resistance above the price; MA30 also maintains a downward trend, with the moving average system showing a clear bearish arrangement, indicating short-term bearish strength. The EMA indicator crossover signals also indicate that the market remains in a weak phase. In terms of patterns, ETH has repeatedly failed to break through the pressure above $3,900, indicating heavy selling pressure above; initial support is around $3,750, and if this area is broken, it may further test the previous low of $3,680. If it can stabilize at the support level with a rebound in trading volume, a short-term corrective rebound may occur. Overall, ETH's short-term trend is weak, and the bearish dominance pattern remains unchanged. Caution is advised in operations, focusing on the performance of the $3,750 support area. If the rebound breaks through and stabilizes above $3,880, it can be seen as a short-term stop-loss signal; otherwise, the focus should still be on high shorts during the rebound, controlling positions to guard against downward risks.
Altcoins: Most mainstream altcoins maintain slight declines, with market sentiment primarily "neutral" or "buy." The Fear and Greed Index reported 42 today, still in the panic zone, indicating relatively low market sentiment.
Macro: On October 31, the S&P 500 index rose 0.26%, closing at 6,840.20 points; the Dow Jones index rose 0.09%, closing at 47,562.87 points; the Nasdaq index rose 0.61%, closing at 23,724.96 points. As of November 3, 11:50 AM (UTC+8), the spot gold price is reported at $4,008 per ounce, with a 24-hour increase of 0.14%.
According to Gate market data, the BEAT token is currently priced at $0.1007, up about 58.90% in 24 hours. Audiera is the Web3 version of the globally popular dance music game IP Audition, with over 600 million users worldwide. It integrates artificial intelligence and blockchain technology to create an immersive, creation-driven experience. Users can interact with AI idols, create music, mint it as NFTs, and experience full-body gaming through smart fitness mats. The ecosystem includes a mobile game, a mini-app, and an AI-driven creative studio.
The BEAT token has seen significant gains in the past 24 hours, driven primarily by the concentrated release of enthusiasm for the Audiera project ecosystem and rapid influx of market funds. Recently, the project team announced a new plan to integrate AI music creation with Web3 gaming and revealed collaborations with multiple creator platforms, sparking strong market interest in the "AI + music + blockchain gaming" narrative. Meanwhile, trading volume surged to approximately $285 million in a short time, indicating a significant increase in fund activity. As a result, BEAT prices have continued to strengthen under high liquidity and positive sentiment, creating a strong bullish atmosphere in the market.
According to Gate market data, the MCTP token is currently priced at $0.5072, up 31.84% in 24 hours. Mumubit was established in 2021 and has received support from top industry institutions such as the Polygon Foundation, Metis Foundation, Mytoken, and AltcoinBuzz. The Mumubit platform has designed a decentralized node system aimed at organizing the community to jointly build a launch and growth platform executed by smart contracts. The Mumubit ecosystem has launched two projects based on its nodes: Mumu Nail Master and Mumu Tycoon. The ecosystem is traded on the Mumubit DEX and OTC platforms. All node holders can share project profits.
MCTP has shown a significant rebound in the past 24 hours, driven primarily by its ecosystem upgrade and the synchronization of market expectations. Specifically, the project team Mumubit announced that its "Builder System" node mechanism and "MumuTycoon" gaming platform are in progress, while the official website mentioned the upcoming launch of a native DEX, further enriching its "multi-chain IDO + blockchain gaming + nodes" ecosystem layout. Additionally, the market quickly entered funds after discovering recent active movements of MCTP in exchanges (such as listing news/community interaction enhancement), driving an increase in trading volume. Although its fundamentals are still in the early stages, the narrative of "ecosystem openness + node participation" has strengthened, providing a catalyst for bullish sentiment. It should be noted that MCTP's current market capitalization and liquidity are still relatively limited, and the project's advancement speed and realization capability remain uncertain. Therefore, despite the clear short-term upward momentum, it is still recommended to pay attention to key variables such as its lock-up mechanism, node release, and subsequent game launch rhythm.
According to Gate market data, the DGB token is currently priced at $0.0082, up about 31.78% in 24 hours. DigiByte is an open-source, decentralized blockchain network originally founded by developer Jared Tate in 2014. Its design goal is to provide a more secure, faster, and scalable blockchain infrastructure for payments, digital asset issuance, and decentralized application (dApp) development.
DigiByte, as an early-established blockchain ecosystem emphasizing high security and fast transactions, has recently gained market attention mainly due to the narrative of "stable underlying technology + strengthened digital asset issuance mechanism." Official information shows that the network uses five different algorithms (SHA-256, Scrypt, Skein, Qubit, Odocrypt) to ensure security and has a DigiAssets layer for asset issuance.
According to DefiLlama data, the total trading volume of decentralized exchanges (DEX) in October soared to a record high of $613.3 billion, an increase of over 20% compared to about $500 billion in September. Uniswap ranked first with $170.9 billion, followed closely by PancakeSwap with $101.9 billion. Industry insiders pointed out that investors are reallocating funds amid market volatility, driving active on-chain trading, with liquidity mining and airdrops also becoming important factors attracting traders.
Meanwhile, trading volume on centralized exchanges (CEX) also significantly increased, reaching $2.17 trillion in October, the highest since January this year. Overall, the trading volume ratio of DEX to CEX rose to 19.84%, indicating a continued increase in market interest in decentralized platforms. Analysts stated that the sharp decline in Bitcoin prices in mid-October triggered a trading frenzy, and if macroeconomic or geopolitical fluctuations occur again, market activity may continue into November.
Cathie Wood's ARK Invest continued to expand its investments in the crypto space this week, with its three actively managed ETFs (ARKK, ARKW, ARKF) collectively holding over $2.15 billion in crypto assets. The company recently increased its holdings in the exchange Bullish by 105,000 shares, valued at approximately $5.3 million, bringing its total holdings to 2.27 million shares, worth about $114 million.
This operation is a continuation of ARK's ongoing strengthening of its digital asset infrastructure layout. To increase allocation space, ARK also reduced its holdings in traditional tech stocks such as Palantir and Shopify. Currently, ARKF has the highest allocation ratio for crypto assets at 29%, followed by ARKW at 25.7% and ARKK at 17.7%. Industry analysis indicates that ARK's actions reflect that institutional investors are accelerating their focus on the crypto and blockchain ecosystem.
The world's largest stablecoin issuer, Tether, announced its performance for the first three quarters of 2025, with net profits exceeding $10 billion, indicating strong business growth. The company disclosed that as of the end of the third quarter, the circulating supply of USDT had reached $174 billion, an increase of $17 billion for the quarter; at the same time, Tether's holdings of government bonds rose to a record $135 billion.
In addition to strong reserve performance, Tether also announced the launch of a stock buyback plan and has applied for an investment fund license in El Salvador, where its headquarters is located. The company currently holds approximately $12.9 billion in gold and $9.9 billion in Bitcoin and plans to launch a new stablecoin, USAT, in collaboration with Anchorage Digital. Industry insiders believe that Tether's profit and capital operation strategy further strengthens its dominant position in the global stablecoin market.
Related: Bitcoin (BTC) has achieved a market capitalization increase of $8 billion, but recovery still lacks ETF fund inflows.
Original: “BEAT Surges Over 58% | Tether's Net Profit Exceeds $10 Billion This Year”
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