Gate Research: Ethereum Foundation Releases 2026 Roadmap | Balancer Encourages LPs to Migrate Liquidity to v3

Crypto Market Overview

• BTC (0.63% | Current Price 106,742 USDT): Bitcoin rebounded from the $100,000 support level, forming a bullish trendline around $104,000. The moderate upward movement reflects positive factors such as institutional buying and easing political risks. Current funding rates on major CEXs and DEXs show that after nearly three days of market recovery, funding rates for Bitcoin and Ethereum have returned to neutral levels, indicating a resurgence in market participants’ risk appetite. On the macro side, the Senate has advanced a bipartisan bill aimed at ending the government shutdown, prompting gradual capital inflows into risk assets. Bitcoin’s price has broken key resistance levels since November, with the current range defined by the 100 MA (~$105,000) and the 50% Fibonacci retracement level (~$107,617). A break above $107,000 targets $109,000, while a drop below $104,000 could retest support at $102,300.
• ETH (-0.33% | Current Price 3,623 USDT): Ethereum has stabilized and rebounded from the $3,200 area following a large-scale liquidity shock, suggesting the recent downtrend may have ended. Although short-term resistance remains strong, the market appears to be entering an accumulation phase dominated by major participants. Ethereum is currently retesting the key resistance zone of $3,600–$3,700. A decisive close above this range would confirm a structural reversal signal, potentially opening the path to $3,900–$4,000. If momentum continues, prices could even reach the high-liquidity area near $4,400.
• Altcoins: Over the past 24 hours, altcoin performance has been notably mixed, showing localized rebound patterns. XRP (+3.53%) and SOL (+1.58%) led mainstream altcoins, indicating strong capital inflows. The altcoin seasonality index stands at 30, unchanged from yesterday, suggesting that while market sentiment has improved, risk appetite remains cautious.
• Macro: On November 3, the S&P 500 rose 1.54% to 6,832.43; the Dow Jones gained 0.81% to 47,368.63; and the Nasdaq increased 2.27% to 23,527.17. As of 11:50 AM (UTC+8) on November 11, spot gold is trading at $4,146 per ounce, up 0.75% in the past 24 hours.

Trending Tokens

SEAM Seamless Protocol (+74.17%, Market Cap $14.19M)

According to Gate market data, SEAM is currently priced at $0.34, up 74.17% in the past 24 hours. Seamless Protocol is the first native decentralized lending protocol on Base. It lays the foundation for modern DeFi, focusing on low-collateral borrowing and an improved user experience to incentivize broad adoption. The recent surge in SEAM is mainly due to a new exchange listing. A centralized exchange launched the SEAM/USDT trading pair on November 10, expanding trading channels. Tokens often see short-term demand increases from improved liquidity and exposure. SEAM’s 24-hour trading volume reached $1.03M, up 396%, and the increased liquidity helped maintain the upward momentum despite a generally flat market.

WLFI World Liberty Financial (+18.75%, Market Cap $3.882B)

Gate market data shows UNITE is currently priced at $0.15, up 18.75% in the last 24 hours. WLFI is a governance token driving a DeFi protocol dedicated to promoting USD stablecoins and consolidating the global dominance of the dollar. WLFI aims to digitalize the USD—making it reliable, global, and stable—serving as a bridge between Web2 and Web3, providing fast, fair, and accessible capital channels for institutions and retail users. WLFI’s increase reflects a combination of macro improvements, political factors, and technical drivers. The Senate proposed a bill to expand the CFTC’s regulation of cryptocurrencies, which the market speculates is favorable for USD-pegged stablecoins like WLFI. Technically, WLFI broke through resistance at $0.163–0.167, the 7-day RSI reached 70.44 (overbought), and the MACD histogram turned positive, signaling short-term buying. Its 24-hour trading volume surged 673% to $952M, confirming the price move.

VELO Velodrome Finance (+18.35%, Market Cap $48.06M)

According to Gate market data, BTRST is currently priced at $0.04462, up 18.35% in 24 hours. Velodrome Finance (VELO) is a decentralized exchange (DEX) and liquidity hub built on the Optimism Superchain, providing efficient, low-slippage trading and deep liquidity for the ecosystem. The platform uses a dual-token model: users lock VELO as veVELO to participate in governance, vote on liquidity pool incentives, and earn trading fee dividends. VELO also serves as the primary reward mechanism for liquidity providers, linking tokenomics with protocol growth. VELO’s price increase reflects growing cross-chain demand and its deflationary token mechanism. Over the past week, Velodrome processed over $2B in transactions across eight Optimism Superchain networks, with its cross-chain tool SuperSwaps enabling seamless asset transfers. Increased protocol usage boosted fee revenue distributed to VELO holders, supporting buy pressure. Transaction volume is expected to double year-on-year to $9B in 2025, cementing Velodrome as a core liquidity platform on Optimism. Currently, 54% of VELO is locked in veVELO contracts, tightening circulating supply, with net new locks of 4.2M tokens recently, further strengthening upward momentum.

Alpha Insights

Ethereum Foundation Releases 2026 Roadmap Featuring ERC-8004 and x402

Davide Crapis, Head of AI at the Ethereum Foundation (EF), posted on X that he is collaborating with EF leadership to develop the dAI team’s 2026 roadmap, expressing gratitude to the growing community around ERC-8004 and x402.

The Ethereum Foundation is a non-profit organization responsible for funding core developers, promoting technological innovation, and maintaining Ethereum’s long-term decentralized development. Launching the dAI team roadmap indicates an accelerated focus on the integration of AI and blockchain. This news reinforces market attention on the AI+Web3 narrative, particularly ecosystem development around new standards like ERC-8004 and x402, potentially driving capital inflows into related projects and tokens. Sentiment-wise, it boosts expectations for Ethereum ecosystem innovation and may stimulate short-term activity in AI-themed sectors, supporting fund flows back into major public chains and application-layer projects.

Senate Approves Bill to End Government Shutdown and Sends It to the House

On November 10, 2025, the Senate passed a bill 60-40 aimed at ending the longest government shutdown in history, forwarding it to the House for consideration.

The bill restores federal agency funding, preventing large-scale furloughs or unpaid federal employees since October 1, signaling a mitigation phase of the shutdown. Following Senate approval, market risk appetite noticeably increased. The previous shutdown had constrained fiscal spending, tightened liquidity, and pressured risk assets. Advancing this bill reduces short-term macro uncertainty, boosting expectations for capital inflows and government spending recovery. Equities and risk assets like Bitcoin rebounded, while demand for safe-haven assets decreased. For crypto markets, reduced liquidity stress helps restore on-chain activity and trading, supporting subsequent market recovery.

Balancer Proposes Deprecating v2 Stable Pools and Encourages LPs to Migrate to v3

Balancer announced on X that, as a precaution, Balancer Labs has proposed deprecating v2 stable pools and encourages liquidity providers (LPs) to migrate to v3. Balancer v3 remains fully operational and unaffected. This is a preventive measure.

The move follows a security incident—or at least a potential vulnerability—in v2 stable pools, particularly “Composable Stable Pools.” Reports indicate the vulnerability involved rounding errors in the “upscale” function, exploited by hackers, with potential losses reaching tens of millions of dollars. In response, Balancer Labs’ proactive proposal to deprecate v2 and transition to v3 reflects concerns over the security of older code. Investors may also pay closer attention to governance, contract upgrade paths, and audit processes. Successfully migrating LPs to v3 without new security issues would help restore and potentially enhance Balancer’s credibility in the AMM (automated market maker) space.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Investing, https://www.investing.com/currencies/xau-usd
• X, https://x.com/DavideCrapis/status/1987882455110656488?s=20
• Reuters, https://www.reuters.com/world/us/us-senate-compromise-sets-stage-end-government-shutdown-2025-11-10/?utm_source=chatgpt.com

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Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.