Gate Research Institute Weekly Report: The Federal Reserve is expected to cut interest rates twice in 2025, which is lower than market expectations, causing a decline in the encryption market and global stock markets. Gate ranks fourth globally in Spot volume in the past 24 hours, with a 46.74% increase compared to the previous day. HYPE has pumped 40% in the past seven days, leading the Decentralized Finance zone. The Hong Kong Securities and Futures Commission has issued licenses to four virtual asset trading platforms through a fast-track procedure. Clober DEX has suffered from a contract vulnerability attack, resulting in a loss of approximately $500,000. Riot Platforms has increased its holdings by 667 BTC, bringing the total position to $1.8 billion. Metars Genesis Token will unlock a large amount of 10 million tokens next week, investors need to follow closely.