Gate Research Institute: BEAT rise exceeded 58% ｜ Tether's net profit this year surpassed 10 billion USD

Encryption Assets Panorama

BTC (-0.87% | Current Price 108,989 USDT)

In the past 24 hours, the price of BTC has shown a weak oscillating trend overall. After a period of sideways consolidation, the price failed to effectively break through the upper resistance level of around 111,000 USD, and subsequently experienced a continuous decline, currently oscillating around 108,900 USD. From the moving average structure, the short-term moving averages (MA5, MA10) have turned downward and formed resistance above the price, while MA30 also shows a flat downward trend, indicating that short-term bullish momentum has significantly weakened. The EMA indicator crossover also shows signs of short-term bearish dominance. In terms of price rhythm, the price has been repeatedly blocked near 110,500 USD, with support below at the 108,000 USD area. If it breaks below this range, it may further test the previous low of 106,200 USD. If it can gain effective support above 108,000 USD and accompanied by a rise in trading volume, a technical rebound is expected. Overall, BTC is weak in the short term, and downtrend risks should be monitored. The approach should be cautious, waiting to see if the price can stabilize after falling in the 108,000 USD range before considering short-term long positions; if the rebound lacks volume, the focus should still be on short positions.

ETH (-2.12% | Current Price 3,792 USDT)

The overall price of ETH maintains a weak oscillation pattern. After a brief consolidation above $3,850, it has once again dipped and is 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 are forming resistance above the price; MA30 also maintains a downward trend, and the moving average system shows a clear bearish arrangement, indicating that short-term bearish strength is dominant. The EMA indicator crossover signal also indicates that the market is still in a weak phase. In terms of patterns, ETH has repeatedly rebounded without breaking through the resistance above $3,900, showing significant selling pressure above; the initial support below is located 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, it may welcome a short-term corrective rebound. Overall, the short-term trend of ETH is weak, and the bearish dominant pattern remains unchanged. It is advisable to remain cautious in operations and pay attention to the performance of the $3,750 support area. If a rebound breaks through and stabilizes above $3,880, it can be regarded as a short-term stop-loss signal; otherwise, the primary strategy should still be to sell on rebounds, controlling positions to guard against downside risks.

GT (-0.08% | Current Price 12.89 USDT)

The GT price, after a brief rebound, has once again come under pressure and is currently consolidating around $12.89. The overall trend is bearish, with weak rebounds. From the perspective of the moving average system, the short-term moving averages (MA5, MA10) continue to decline and suppress price movement, while MA30 maintains a downward trend. The moving averages show a typical bearish arrangement structure, indicating that bearish forces still dominate the market. The EMA indicator cross also confirms that short-term downward momentum is dominant. Structurally, GT has repeatedly faced resistance near $13.2, forming a clear pressure zone in the short term; the support level is around $12.6, and if this support is breached, the price may further retest the lower price area. If signs of stabilization can be observed in the current range, accompanied by increased trading volume, a short-term corrective rebound is expected. Overall, the short-term trend for GT remains weak, and cautious operations should be maintained in the short term, paying attention to the performance of the $12.6 support. If the price can regain stability above $13.2, only then may the current downward structure be reversed; otherwise, the prevailing strategy remains with a bearish outlook on rebounds.

Daily Price Change Tokens

Today, the encryption market generally corrected, with most mainstream coins experiencing declines. BTC fell by about 1.73%, while ETH saw a larger drop of 3.40%, indicating a bearish market sentiment. Stablecoins (USDT, USDC) maintained slight positive growth, showing that funds are still on the sidelines, with a decrease in short-term risk appetite. In addition, tokens such as BEAT, MCTP, and DGB recorded increases of over 30% and even 50%, highlighting strong market enthusiasm and capital influx.

BEAT Audiera (+58.90%, circulating market cap 15.72 million USD)

According to Gate market data, the BEAT token is currently priced at $0.1007, up approximately 58.90% in the last 24 hours. Audiera is the Web3 version of the globally popular music and dance game IP, (Audition), which has 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 significantly risen in the past 24 hours, driven primarily by the concentrated release of enthusiasm within the Audiera project ecosystem and the rapid influx of market funds. Recently, the project team announced the advancement of a new plan integrating AI music creation with Web3 gaming, and disclosed collaborations with multiple creator platforms, igniting strong market interest in the “AI + Music + Chain Game” narrative. Meanwhile, trading volume surged to approximately $285 million within a short period, indicating a significant increase in capital activity. As a result, the BEAT price continues to strengthen under high liquidity and sentiment, with a strong bullish atmosphere in the market.

MCTP Mumubit (+31.84%, circulating market value 513 million USD)

According to Gate's market data, the current price of MCTP token is $0.5072, up 31.84% in the last 24 hours. Mumubit was established in 2021 and has received support from top industry organizations 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 platform and growth platform executed by smart contracts. The Mumubit ecosystem has launched two projects based on our nodes: Mumu Nail Master and Mumu Tycoon. The ecosystem is traded on the Mumubit DEX and OTC platforms. All node holders can share the project's profits.

MCTP has shown a significant rebound in performance over the past 24 hours, primarily driven by its ecological upgrades 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 + chain games + nodes” ecological layout. Additionally, the market quickly saw capital influx after noticing MCTP's recent active movements in exchanges (such as listing news/community interaction enhancements), leading to an increase in trading volume. Although its fundamentals are still in the early stages, the narrative of “ecological openness + node participation” serves as a catalyst for bullish sentiment. It should be noted that MCTP's current market capitalization and liquidity remain relatively limited, and there is still uncertainty regarding the speed of project advancement and its execution capabilities. Therefore, despite the clear short-term upward momentum, it is advisable to pay attention to key variables such as its locking mechanism, node releases, and the subsequent game launch rhythm.

DGB DigiByte (+31.78%, circulating market cap 147 million USD)

According to Gate.io market data, the current price of the DGB token is $0.0082, having risen approximately 31.78% in the last 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 more scalable blockchain infrastructure for payments, digital asset issuance, and decentralized application (dApp) development.

DigiByte, as an early-established blockchain ecosystem that emphasizes 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.

Hotspot Interpretation

In October, the trading volume of decentralized exchanges reached a historic high, hitting $613.3 billion.

According to data from DefiLlama, the total trading volume of decentralized exchanges (DEX) soared to a historic high of $613.3 billion in October, an increase of over 20% compared to approximately $500 billion in September. Uniswap ranked first with $170.9 billion, followed closely by PancakeSwap with $101.9 billion. Industry insiders point out that investors are reallocating funds amid market volatility, driving on-chain trading activity, while liquidity mining and airdrops have also become important factors in attracting traders.

At the same time, the trading volume of centralized exchanges (CEX) also rose significantly, reaching $2.17 trillion in October, the highest since January of this year. Overall, the trading volume ratio of DEX to CEX increased to 19.84%, indicating a sustained growing 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 return, market activity may continue into November.

ARK Invest increases its encryption layout, with total holdings exceeding $2.15 billion.

Cathie Wood's ARK Invest continued to expand its investments in the encryption sector this week, with its three actively managed ETFs (ARKK, ARKW, ARKF) collectively holding over $2.15 billion in encryption assets. The company recently increased its stake 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 based on market value.

This operation is a continuation of ARK's ongoing strengthening of its digital asset infrastructure layout. To increase allocation space, ARK has simultaneously reduced its holdings in traditional tech stocks such as Palantir and Shopify. Currently, ARKF has the highest allocation to encryption assets at 29%, followed by ARKW at 25.7%, and ARKK at 17.7%. Industry analysts point out that ARK's move reflects that institutional investors are accelerating their shift towards the encryption and blockchain ecosystem.

Tether's net profit in the first nine months exceeded 10 billion dollars, initiating stock buybacks and applying for fund licenses.

The world's largest stablecoin issuer Tether announced its performance for the first three quarters of 2025, with a net profit exceeding 10 billion USD, demonstrating strong business growth. The company disclosed that by the end of the third quarter, the circulating supply of USDT had reached 174 billion USD, an increase of 17 billion USD over the quarter; at the same time, Tether's holdings of government bonds rose to a record 135 billion USD.

In addition to its strong reserve performance, Tether has also announced the launch of a stock buyback program 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 strategies further strengthen its dominant position in the global stablecoin market. <br> Reference Material:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/BSU?pid=355
• Defillama, https://defillama.com/revenue/chain/solana
• Coindesk, https://www.coindesk.com/business/2025/10/31/tether-profits-topped-usd10b-in-first-nine-months-of-year-starts-share-buyback-program
• The Block, https://www.theblock.co/post/377197/dex-volume-all-time-high-october
• The Block, https://www.theblock.co/post/377065/ethereum-devs-officially-target-dec-3-for-fusaka-upgrade <br> Gate Research Institute is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

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