Gate Research Institute: In the past day, the cryptocurrency market has seen a significant recovery, with the total market capitalization returning to approximately $3.87 trillion; Bitcoin has broken through the $111,000 mark, rising nearly 2% within the day; Ethereum has fluctuated within the $3,917–$4,082 range, showing a mild upward trend overall; Bio Protocol has completed a new round of financing and gained support from well-known investors; the market's attention to Merkle tree technology and the Lightning Network expansion plan has driven Treehouse up; VanEck has submitted an application for a Lido Staked Ethereum ETF, marking further integration of DeFi into the traditional financial system; a well-known asset management company has opened retail investment channels for Bitcoin and Ethereum ETPs; Greenlane plans to raise $110 million to initiate the BERA treasury strategy.
BTC (+1.96% | Current price: 110,160 USDT): In the past 24 hours, the cryptocurrency market has experienced a significant recovery, with the total market capitalization returning to approximately $3.87 trillion, an increase of about $150 billion in a single day. Bitcoin has broken through the $111,000 mark, rising nearly 2% within the day, with bullish sentiment clearly warming. From a technical perspective, Bitcoin's daily candlestick chart has recorded three consecutive bullish candles, and the MACD death cross is further narrowing, indicating that bearish momentum is weakening and bulls are gradually gaining the upper hand. The price has successfully broken through the 5-day moving average and has found support near the 10-day moving average. If it can maintain its current position, it is expected to open further upward space. Overall, this round of rebound is closely related to favorable macro news—the market expects that the two major global economies are likely to reach a fair trade agreement in the coming week, thereby alleviating risk-averse sentiment. The mid-term trend for Bitcoin still maintains an upward pattern; if short-term momentum continues, Bitcoin may test the 30-day moving average at $114,500; if upward momentum weakens, it may retrace to the $109,000 range for consolidation.
ETH (+0.51% | Current price: 3,957 USDT): In the past 24 hours, Ethereum has fluctuated within the $3,917–$4,082 range, showing a mild upward trend overall. The MACD death cross is nearly at zero, indicating a significant weakening of bearish momentum; the price has broken through the 5-day moving average and is making a push towards the 10-day moving average near $4,002. The 4-hour chart structure shows that Ethereum is in a descending wedge pattern, which formed after a strong pullback following a failed breakout above $4,200. The price has repeatedly faced resistance at the intersection of the ascending and descending trend lines, indicating a tug-of-war between bulls and bears in the short term. The 100-day moving average, which previously provided dynamic support, has now turned into a resistance zone near $4,100. Currently, Ethereum is still in a phase of structural consolidation between support and resistance, but the price remains above the key institutional buying support zone. If the price breaks through the descending trend line and firmly closes above the $4,000–$4,100 resistance zone, it is expected to confirm a phase reversal, with a target range possibly between $4,400–$4,600; conversely, if it falls below the $3,700 support level, it may trigger further downside risk to $3,400.
Altcoins: The cryptocurrency market is showing clear differentiation, with Bitcoin performing the strongest among mainstream assets, while most altcoins have generally seen slight pullbacks, presenting a pattern of "Bitcoin leading the rise, altcoins under pressure." The Fear and Greed Index has further warmed to 38 compared to yesterday, which may indicate a reduction in selling pressure and cautious capital inflow. In the short term, if Bitcoin continues to maintain its upward momentum, the altcoin sector may see a rebound, but investors need to pay attention to the rhythm of capital rotation and structural market risks.
Macro: On October 20, the S&P 500 index rose 1.07%, closing at 6,735.13 points; the Dow Jones index rose 1.12%, closing at 46,706.58 points; the Nasdaq index rose 1.37%, closing at 22,990.54 points. As of October 21, 10:00 AM (UTC+8), the spot price of gold is reported at $4,345 per ounce, down 0.4% within 24 hours.
According to Gate's market data, the current price of AVNT tokens is $0.72, up 54.3% in 24 hours, with a high of $0.75 and a low of $0.47, and the market capitalization has increased by approximately $40.5 million compared to yesterday. As a derivatives exchange, Avantis supports trading of physical assets and crypto assets, and its native token AVNT serves both utility and governance functions, used for protocol incentives, trading rewards, and community development. The platform offers loss protection, positive slippage optimization, and empowers developers to access real-time price sources and trading management tools through the Avantis SDK, forming a relatively complete derivatives ecosystem.
Recently, AVNT has been driven by dual favorable factors. The AVNT/USDT perpetual contract (with a maximum leverage of 20 times) has been launched on a decentralized perpetual contract exchange, expanding trading channels and enhancing market liquidity; additionally, the rising demand for derivatives trading in the market is also considered an important driving force behind this round of AVNT price surge. Overall, the rise of AVNT reflects the market's optimistic expectations for the derivatives ecosystem, but short-term volatility is significant, and investors need to be cautious of retracement risks.
According to Gate's market data, the current price of TREE tokens is $0.18, up 15.24% in 24 hours, with a high of $0.24 and a low of $0.15, and the market capitalization has increased by $6.69 million compared to yesterday. Treehouse is a decentralized fixed income infrastructure layer aimed at connecting yield primitives, benchmark rates, and participation layers to build a unified fixed income ecosystem. Its core products include tAssets and Decentralized Offered Rates (DOR), with the former providing enhanced yields through interest rate arbitrage and the latter serving as a reference benchmark for on-chain fixed income products.
The rise of TREE is driven by two factors: on one hand, the blockchain sector's attention to Merkle tree technology and the Lightning Network expansion plan has boosted market interest in underlying infrastructure projects; on the other hand, the growing demand for stable yield DeFi products highlights Treehouse's potential and scarcity in the decentralized fixed income space. From a technical perspective, TREE has broken through previous resistance levels, showing strong upward momentum in the short term.
According to Gate's market data, the current price of BIO tokens is $0.09572, up 16.60% in 24 hours, with a high of $0.12 and a low of $0.08, and the market capitalization has increased by approximately $57.1 million compared to yesterday. Bio Protocol is a new financial layer in the DeSci (Decentralized Science) field, aimed at accelerating the commercialization of scientific achievements through decentralized mechanisms. The protocol allows research institutions, companies, and scientists from around the world to tokenize financing and management of scientific innovations, promoting the realization of research results in medicine and specialized treatment fields.
Recently, the price of BIO has risen mainly due to the project's fundamentals and increased market attention. On one hand, Bio Protocol has completed a new round of financing and gained support from well-known investor Arthur Hayes' Maelstrom Fund, strengthening market confidence in its potential; on the other hand, the DeSci track continues to heat up, and the application of DAO governance models in the research field has sparked widespread discussion, indirectly enhancing Bio Protocol's industry status and investment interest, becoming an important driving force behind the rise of the BIO token.
On October 20, according to official news, ETF issuer VanEck has submitted an S-1 registration application for the "VanEck Lido Staked ETH ETF" to the U.S. Securities and Exchange Commission (SEC). This fund aims to allow investors to earn Ethereum staking rewards through the staked ETH tokens (stETH) from the Lido protocol.
As the largest liquid staking protocol in the Ethereum ecosystem, Lido currently has a large total value locked (TVL) and broad market recognition. The submission of VanEck's Lido Staked Ethereum ETF application marks further integration of DeFi infrastructure into the traditional financial system. From a market perspective, this move has multiple positive impacts: first, the SEC's recent regulatory stance on liquid staking tokens is becoming clearer, indicating that such assets do not constitute securities under certain conditions. The ETF application is being made against this policy backdrop and may provide important reference for the approval of similar products. Second, if the ETF is ultimately approved, it will significantly enhance the position of ETH and its staked assets (such as stETH) in institutional asset allocation, helping traditional investors obtain ETH staking rewards through regulated channels, transforming ETH from a purely price asset into a yield-bearing asset with "coupon" attributes, accelerating the mainstreaming process of crypto assets. Finally, Kean Gilbert, head of institutional relations at the Lido ecosystem foundation, stated that this application signifies that liquid staking is gradually being recognized as a core component of Ethereum infrastructure. Lido's success validates that decentralized mechanisms and institutional-grade standards can coexist, laying a solid foundation for broader crypto financial innovation.
Asset management companies 21Shares, Bitwise, and WisdomTree have been approved by the UK's Financial Conduct Authority (FCA) to open their Bitcoin and Ethereum exchange-traded products (ETPs) to UK retail investors for the first time—previously, this market was only available to professional investors. Currently, 21Shares has launched two physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange (LSE), with the Ethereum product including staking yield features and setting fees as low as 0.1% for some products. WisdomTree has simultaneously launched its physically-backed BTC and ETH ETPs, with fees of 0.15% and 0.35%, respectively; Bitwise plans to launch similar products this Tuesday and will reduce the fees for the Core Bitcoin ETP to 0.05% for the first six months after launch.
This move comes just 12 days after the FCA officially lifted a four-year retail ban on crypto ETNs, marking a significant relaxation in the UK's regulatory policy on crypto asset investment products. This change not only opens the crypto ETP market to retail investors but also signifies that the UK is accelerating its regulatory alignment with open regions such as Europe, the U.S., and Hong Kong. Industry insiders expect that the FCA will complete a comprehensive crypto regulatory framework covering core areas such as stablecoins, trading platforms, lending, staking, and custody by 2026. This move is seen as an important step for the UK towards the mainstreaming and institutionalization of crypto assets, laying the foundation for the integration of traditional and crypto finance.
Greenlane announced that it has raised approximately $110 million through a private equity public offering (PIPE), of which about $50 million is in cash, and approximately $60 million will be contributed by BERA tokens. This fundraising is intended to launch its "BeraStrategy"—using BERA (the native token of the Berachain blockchain) as the company's primary treasury reserve asset, and purchasing BERA tokens through the public market and over-the-counter transactions. The fundraising is expected to be completed by October 23, 2025. Following this announcement, Greenlane's stock price surged by about 45%.
By selecting BERA as its primary reserve asset, Greenlane demonstrates a trend of deeply integrating traditional corporate treasury with blockchain tokens, which can be seen as a significant endorsement for BERA itself, while also enhancing market recognition, liquidity, and valuation expectations for BERA. With the blockchain + treasury strategy, Greenlane is expected to attract more investors from the crypto space, but risks cannot be overlooked. On one hand, the concentrated use of a single token as a reserve asset increases exposure risk; on the other hand, PIPE fundraising may lead to share dilution, necessitating attention to the details of fundraising completion and treasury execution.
Related: Michael Saylor's strategy takes another small step towards the goal of 700,000 Bitcoin (BTC)
Original: “VanEck Files for Lido Staked Ethereum ETF | Greenlane Launches BERA Treasury Strategy”
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