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Recently, the technology sector of the US stock market has been active, with stocks related to storage chips and data center infrastructure continuously attracting capital attention. According to Gate market data, Micron Technology (MUUSDT) reached a high of $1077.17 in 24 hours, currently reported at $1059.81, with a 24-hour increase of 3.76%; Marvell Technology (MRVLUSDT) reached a high of $330.72 in 24 hours, currently reported at $322.68, with a 24-hour increase of 47.06%. According to CoinGlass data, Gate MU (Micron Technology) had a 24-hour trading volume of $13.1083 million; Gate MRVL (Marvell Technology) had a 24-hour trading volume of $10.4389 million, with MRVL (Marvell Technology) trading volume increasing by 1255.60%, both ranking among the industry leaders.Gate stocks support users to trade over 10,000 mainstream US market stocks and ETFs using USDT, covering major US securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and supports fractional trading starting from a minimum of 0.01 shares, providing users with a more comprehensive global securities asset allocation choice. With the official launch of stock trading services, Gate further connects digital assets with traditional financial markets to a unified trading platform.

According to Jinshi reports, the Philadelphia Semiconductor Index rose by 4.2%, with Marvell Technology (MRVL.O) increasing by 24%, becoming the leading stock in the index.

Recently, the technology sector of the US stock market has continued its structural strength, with AI and leading consumer electronics companies remaining the focus of capital attention. According to Gate market data, NVIDIA (NVDA) is currently priced at about $210.67, with a slight intraday pullback, but the demand for AI computing power and expectations for data center expansion remain core drivers in the medium to long term. In the derivatives market, according to CoinGlass data, NVDAX on the Gate platform reached a trading volume of $4.6 million in 24 hours, with open contracts totaling $3.42 million, both ranking first globally.As global user demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading mainstream global assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and capital usage flexibility. Gate has launched over 130 perpetual contract targets related to US stocks, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

According to SoSoValue data, the cryptocurrency market has experienced a widespread decline after several days of consolidation, with the RWA sector leading the drop at 6.57% over 24 hours. Within the sector, Keeta (KTA) and Pendle (PENDLE) fell by 11.88% and 13.36%, respectively.At the same time, Bitcoin (BTC) dropped by 2.13%, falling below $75,000; Ethereum (ETH) decreased by 2.61%, reaching around $2,000. In other sectors, the PayFi sector fell by 0.86% over 24 hours, with Stellar (XLM) rising against the trend by 17.04%; the CeFi sector declined by 1.54%, with NEXO (NEXO) remaining relatively strong, increasing by 0.73%; the Meme sector decreased by 1.87%, with SPX6900 (SPX) dropping by 5.87%; the Layer1 sector fell by 2.27%, with Zcash (ZEC) down by 6.47%; the Layer2 sector decreased by 2.98%, with Celestia (TIA) down by 6.04%; the DeFi sector dropped by 3.29%, with Ondo Finance (ONDO) falling by 7.45%.The cryptocurrency sector index reflecting historical market performance shows that the ssiAI, ssiRWA, and ssiDePIN indices fell by 13.88%, 12.05%, and 9.77%, respectively.

According to Gate Ventures' latest weekly report, there has been a significant style shift in global stock markets, with funds rotating from growth sectors to value and defensive assets. The Dow Jones Index rose by 2.22%, and labor market data remains resilient. Macroeconomic indicators show a divergence, with the composite PMI preliminary value rising to a two-year high of 54.4, but input cost pressures still exist. Coupled with the ongoing impact of high interest rates on real estate activity, the economy overall presents a structural state of coexistence between expansion and pressure. The cryptocurrency market has slightly retreated, with BTC down 0.5% and ETH down 1.6%; the total market capitalization declined by 0.4%, remaining flat compared to last week, and market sentiment is in a moderate recovery phase.At the asset and industry level, the top 30 assets averaged a rise of 4.2%, with HYPE and ZEC leading the performance, influenced by factors such as ecosystem expansion, liquidity improvement, and easing regulatory uncertainty. In terms of industry dynamics, on-chain infrastructure and the compliance process continue to advance, with active financing and product iteration in areas such as prediction markets, on-chain derivatives, and payment networks. In terms of investment and financing, a total of 24 transactions were completed last week, disclosing a total financing amount of approximately $532.6 million, with infrastructure and DeFi being the main sectors of flow, and Kalshi securing a single financing of $200 million.Additionally, Variational completed a $50 million Series A financing, AEON completed $8 million in pre-seed financing, while infrastructure and social blocks recorded 12 and 6 transactions, respectively. Overall, against the backdrop of macro volatility and market divergence, capital allocation continues to trend towards long-term infrastructure and real application scenarios.

Recently, the technology sector of the US stock market has continued to perform strongly, with AI and semiconductor-related assets consistently attracting market attention, driving the trading enthusiasm for mainstream US stocks to continue to rise. According to Gate's market data, NVIDIA (NVDA) is currently priced at $220.65, up 1.93% in 24 hours, with a 24-hour trading volume of $26.2318 million for related USDT perpetual contracts; Micron Technology (MU) is currently priced at $788.22, up 1.68% in 24 hours, with a 24-hour trading volume of $11.6861 million for related USDT perpetual contracts, and the trading activity is among the top in the industry.As global demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and flexibility in capital usage.Currently, Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

According to SoSoValue data, during the last trading week (Eastern Time May 18 to May 22), Bitcoin spot ETFs experienced a net outflow of $1.257 billion. The Bitcoin spot ETF with the highest net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $1.008 billion, bringing IBIT's total historical net outflow to $64.77 billion.Following that was Fidelity ETF FBTC, with a weekly net outflow of $112 million, and FBTC's total historical net outflow currently stands at $10.76 billion. The Bitcoin spot ETF with the highest net inflow last week was Morgan Stanley ETF MSBT, with a weekly net inflow of $1.1107 million, and MSBT's total historical net inflow has reached $23.4 million.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $98.87 billion, with an ETF net asset ratio (market value relative to total Bitcoin market value) of 6.49%, and the historical cumulative net inflow has reached $57.08 billion.

According to SoSoValue data, during the last trading week (Eastern Time May 18 to May 22), Ethereum spot ETFs experienced a net outflow of $216 million. The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of $189 million, and the historical total net inflow for ETHA has reached $11.62 billion.Following that was the Fidelity ETF FETH, with a weekly net outflow of $21.097 million, and the historical total net inflow for FETH has reached $2.18 billion. The Ethereum spot ETF with the highest net inflow last week was the Blackrock ETF ETHB, with a weekly net inflow of $5.5167 million, and the historical total net inflow for ETHB has reached $518 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.84 billion, and the ETF net asset ratio (the market value relative to the total market value of Ethereum) is 4.73%, with a historical cumulative net inflow of $11.62 billion.

According to Cointelegraph citing Token Terminal data, the market capitalization of tokenized stocks has surpassed $1.6 billion, with Ethereum leading with a market share of 41.1%.

Bitwise CEO Hunter Horsley stated, "A new category is emerging in the crypto industry—'revenue chains,' with Hyperliquid and Solana as the current leaders. He believes that while there is some overlap between the two, they each have distinct characteristics and both possess strong communities, use cases, and user bases. He mentioned that in the future, the two may benefit from the structural growth of the mobile internet, much like iOS and Android. Horsley pointed out that for 'revenue chains,' they are benefiting from the trend of capital markets going on-chain. Therefore, whether supporting HYPE, SOL, or both, what truly matters is not the competition between them, but the overall rise of on-chain capital markets. He stated, 'Support the on-chain capital markets. I am glad to see the success of the crypto industry.'"

According to the latest data from the prediction market by Gate, the popularity of the "Champions League Champion" prediction market continues to rise, and market divergence has further intensified. Paris Saint-Germain (PSG) currently has a predicted probability of 59%, while Arsenal stands at 43%. The support rates for both sides continue to fluctuate, and the market remains highly attentive to the eventual champion.As the first centralized exchange (CEX) platform to connect with Polymarket, Gate consistently ranks among the top three in the Polymarket partnership channels, with a significant increase in user participation, reflecting the growing activity and engagement of platform users in the prediction market. Currently, users can directly access the prediction market through the Gate App, entering the Polymarket page from the platform's homepage Alpha and using USDT in their exchange accounts to participate in event predictions. Gate continues to optimize the prediction market functions and ecosystem, providing users with a diversified market experience from expectation judgment to trading participation.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with a 24-hour increase of about 2% to 8%. Among them, the DeFi sector performed well, rising by 8.37%. Within this sector, Hyperliquid (HYPE) rose by 17.07%, Jupiter (JUP) rose by 9.07%, and Ondo Finance (ONDO) rose by 10.01%. At the same time, Bitcoin (BTC) rose by 1.61%, breaking through $77,000; Ethereum (ETH) rose by 1.59%, breaking through $2,100.It is worth noting that MAG7.ssi rose by 1.73%, DEFI.ssi rose by 9.96%, and MEME.ssi rose by 1.37%.In other sectors, the Layer2 sector rose by 4.85% in 24 hours, with Starknet (STRK) rising by 9.23%; the Layer1 sector rose by 3.60%, with Zcash (ZEC) rising by 14.25%; the PayFi sector rose by 2.31%, with Dash (DASH) rising by 19.48%; the CeFi sector rose by 2.28%, with Mantle (MNT) rising by 8.63%; the Meme sector rose by 0.38%, with Cheems Token (CHEEMS) rising by 23.80%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiLayer2, and ssiNFT indices rose by 9.78%, 5.27%, and 5.03%, respectively.

According to Token Terminal data, Steakhouse Fi's leading advantage in the Morpho curator ecosystem has expanded to approximately $1 billion, far exceeding the second place. A year ago, there was almost no significant gap between the protocol and its competitors, indicating rapid growth and market consolidation over the past year.Morpho operates on a curator model, where multiple treasury managers compete for liquidity by offering different risk-return configurations and strategies. Steakhouse Fi's dominance indicates that it has successfully achieved differentiation or gained significant user trust within the Morpho ecosystem. The curator ecosystem remains an active competitive area in the DeFi space, with various protocols increasingly relying on specialized managers to expand capital deployment across different risk levels and strategies.

According to SoSoValue data, the entire cryptocurrency market sector has retraced, with the RWA sector, which performed strongly yesterday, leading the decline at 3.13% over 24 hours. Within the sector, Centrifuge (CFG) dropped 8.4%, while Ondo Finance (ONDO) and Pendle (PENDLE) fell by 3.02% and 6.08%, respectively.The GameFi sector decreased by 2.59%, with WEMIX rising against the trend by 2.01%. In other sectors, the Meme sector dropped 0.73% over 24 hours, but Banana For Scale (BANANA) surged by 17.23%, and Siren (SIREN) rose by 8.27%; the Layer1 sector fell by 0.87%, while Algorand (ALGO) increased by 7.52%; the CeFi sector declined by 1.03%, with NEXO (NEXO) remaining relatively strong, rising by 1.61% during the session.The DeFi sector decreased by 1.49%, with Morpho Token (MORPHO) rising by 3.34%; the Layer2 sector dropped by 1.8%, with Arbitrum (ARB) falling by 2.74%; the PayFi sector declined by 2.41%, but Telcoin (TEL) increased by 4.66%. The cryptocurrency sector index reflecting historical market performance shows that the ssiNFT rose by 0.36%, while the ssiAI and ssiRWA indices fell by 8.73% and 7.71%, respectively.

According to SoSoValue data, yesterday (Eastern Time May 18), the total net outflow of Bitcoin spot ETFs was $649 million. The Bitcoin spot ETF with the highest net outflow yesterday was Blackrock ETF IBIT, with a net outflow of $448 million. Currently, the historical total net inflow of IBIT has reached $65.333 billion.The second highest was the ETF ARKB from Ark Invest and 21Shares, with a net outflow of $110 million. Currently, the historical total net inflow of ARKB has reached $1.28 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $100.485 billion, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.52%, with a historical cumulative net inflow of $57.691 billion.

According to DeFiLlama, despite a decline in perpetual contract trading volume compared to earlier this year, Hyperliquid still maintains its market leadership, with monthly trading volume at least twice that of the second-ranked public chain. In May, Solana has risen to become the second-largest public chain in perpetual contract trading volume, with a market share exceeding 10%.

Nomura published a report indicating that AI-driven demand is growing exponentially, while memory supply is limited, suggesting that memory stocks are set for a valuation reassessment. The firm significantly raised the target prices for Samsung Electronics and SK Hynix, with Samsung's target price soaring from 340,000 KRW to 590,000 KRW, and SK Hynix's target price rising from 2,340,000 KRW to 4,000,000 KRW, both rated as "Buy." Nomura stated that as AI semiconductor demand shifts from training to inference workloads, memory demand is entering a period of exponential expansion.In contrast, the firm believes that industry supply growth during the same period may still be constrained to about 5 to 6 times (with a compound annual growth rate of about 30%), raising serious questions about whether the structural supply-demand imbalance can truly be resolved. The firm mentioned that currently, the industry is attempting to narrow this widening supply-demand gap through various software and architectural optimizations, but Nomura believes these solutions can only slow the growth rate rather than reverse the trend.

According to SoSoValue data, during the last trading week (Eastern Time May 11 to May 15), Ethereum spot ETFs experienced a net outflow of $255 million. The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of $185 million, and the historical total net inflow for ETHA has reached $11.81 billion.The second highest was the Fidelity ETF FETH, with a weekly net outflow of $59.88 million, and the historical total net inflow for FETH has reached $2.2 billion. The Ethereum spot ETF with the highest net inflow last week was the Blackrock ETF ETHB, with a weekly net inflow of $5.8296 million, and the historical total net inflow for ETHB has reached $513 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $12.93 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.83%, and the historical cumulative net inflow has reached $11.83 billion.

According to SoSoValue data, yesterday (Eastern Time May 14), the total net inflow of Bitcoin spot ETFs was $131 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $144 million. Currently, IBIT's historical total net inflow has reached $65.917 billion.The second was Bitwise ETF BITB, with a single-day net inflow of $17.7038 million. Currently, BITB's historical total net inflow has reached $2.086 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $31.6357 million. Currently, GBTC's historical total net outflow has reached $26.4 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $107.746 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.61%. The historical cumulative net inflow has reached $58.630 billion.