TL;DR

• In the past 24 hours, Bitcoin’s price decreased by 1.05%, remaining within a stable range of fluctuations; ETH dropped by 2.17%, showing a descending triangle pattern.
• Over the past 3 months, Base’s net inflows have surpassed Solana, Arbitrum, and others, ranking first.
• The market capitalization of USDC has surpassed $56 billion, maintaining its position as the second-largest stablecoin.
• The number of new ENS (Ethereum Name Service) domain registrations has been substantial, continuously attracting users.
• Gate.io announced a multi-year partnership with the F1 Red Bull Racing team.
• Etherscan has launched an on-chain address credit scoring feature.

Market Analysis

• BTC — The price of BTC has dropped by 1.05% in the past 24 hours, with the current price at $96,000. Recently, BTC has been fluctuating within the range of $95,500 to $99,500, forming a relatively stable consolidation zone. The current price is near the lower end of this range, and after briefly breaking below the support level today, it quickly rebounded, indicating strong support at this price level. Overall, trading volume has remained steady, without significant fluctuations, suggesting a cautious market sentiment. [1]

• ETH — The price of ETH has dropped by 2.17% in the past 24 hours, with the current price at $2,638.52. ETH’s price movement shows a descending triangle pattern. ETH has attempted several times to break above the downward trendline, but each time it failed to maintain an upward movement, indicating significant selling pressure in the market. When the price approaches the lower support level, trading volume has notably increased, suggesting that the support at this level is relatively strong. [2]

• ETF — According to SoSoValue data, on February 7, the total net inflow of the U.S. Bitcoin spot ETF was $171 million[3], while the total net inflow for the U.S. Ethereum spot ETF was zero[4].
• Altcoins — The Cat-Themed, Privacy Coins, and Bittensor Ecosystem sectors have seen changes of +6.7%, +3.4%, and +2.7%, respectively[5].
• U.S. Stock Indices — The S&P 500 index dropped by 0.95%, the Dow Jones index fell by 0.99%, and the Nasdaq index decreased by 1.36%[6].
• Spot Gold — The price of spot gold reached $2,869.18 per ounce, with an intraday increase of 0.31%[7].
• Fear and Greed Index — The Fear and Greed Index is at 43, indicating a neutral market sentiment[8].

Top Performers

According to Gate.io market data [9], based on trading volume and price performance over the past 24 hours, the top-performing altcoins are as follows:

TST (TeleportDAO) — The price increased by approximately 77.94% in a single day, with a circulating market cap of $2.187 million.
TeleportDAO is a decentralized bridging protocol that connects Bitcoin to other blockchains. It enables the seamless movement of Bitcoin, BRC-20 tokens, and Runes across different blockchains, supporting the use of these assets in DeFi applications[10].
The rise in TST’s price is attributed to the project’s marketing efforts and social media influence, including the impact of key opinion leaders (KOLs), official clarifications, platform support, and active community participation. This has fueled TST’s explosive growth. The short-term surge also triggered market FOMO (Fear of Missing Out), leading to a large influx of funds further driving the price up.

F (SynFutures) — The price increased by about 42.74% in a single day, with a circulating market cap of $42.8 million.
SynFutures is a decentralized exchange and full-stack financial infrastructure provider. The platform utilizes an innovative automated market maker (AMM) model and fully on-chain order-matching engine, enabling anyone to trade any asset with leverage[11].
SynFutures recently launched a trading rewards event, attracting numerous users to trade, which directly increased the platform’s trading volume and token demand. Furthermore, SynFutures’ partnerships with well-known projects like Tako Protocol and Base have enhanced its brand influence and market recognition, attracting more attention and pushing the price of the F token higher.

AQT (Alpha Quark) — The price increased by approximately 42.74% in a single day, with a circulating market cap of $49.1 million.
Alpha Quark focuses on integrating intellectual property with NFTs and the metaverse. The platform allows users to mint, promote, and trade NFTs related to intellectual properties such as music and movie copyrights, providing users easy access to and investment opportunities in valuable digital assets[12].
Recently, the growing interest in the metaverse and NFT markets, along with Alpha Quark’s promotional activities, has boosted its visibility, attracting more users and driving up the price.

Data Highlights

Base Leads in Net Inflows Over the Past 3 Months

In the past three months, Base has ranked first in net capital inflows, surpassing Solana and other mainstream Layer 2 solutions such as Arbitrum and Optimism. This achievement demonstrates that Base, as Coinbase’s Ethereum Layer 2 solution, has secured a leading position in the Layer 2 ecosystem due to its efficient transaction execution and broad user base. As Base continues to expand its ecosystem, its dominance in the Layer 2 space is likely to be further solidified. In the future, Base’s ability to maintain consistent capital inflows will depend on its ongoing performance in terms of transaction volume, user growth, and ecosystem expansion.[13]

USDC Market Cap Surpasses $56 Billion, Solidifying its Leading Position in the Market

Recently, the market capitalization of USDC has hit a new high, surpassing the $56 billion mark. This milestone not only highlights USDC’s strong competitiveness in the market but also further cements its leadership in the stablecoin sector. The success of USDC can be attributed to its high transparency and compliance, widespread use cases, and high market recognition. Issued by the U.S. financial institution Circle, USDC is subject to strict regulations, ensuring the transparency and security of its underlying assets. Additionally, USDC is widely used in trading, payments, DeFi, and other fields, meeting the needs of various users. As a mainstream stablecoin, USDC enjoys strong market recognition and is supported by numerous exchanges and platforms. The continued growth in USDC’s market capitalization reflects the growing demand for stablecoins and the increasing trust in USDC. With the development of the cryptocurrency market, USDC is expected to maintain its leading position and provide users with more convenient and secure stablecoin services.[14]

ENS Sees 15,855 New Domain Registrations in January, Continues to Attract Users

Ethereum Name Service (ENS) has recently seen a significant increase in new domain registrations, continuing to attract users’ attention. According to Dune Analytics, in January, ENS registered 15,855 new domains, bringing the total number of active domains to 1,726,806. The number of independent ENS user addresses reached 851,743, and the number of domain sets surpassed 900,000, reaching 921,346. These figures show that ENS is growing steadily, and an increasing number of users are recognizing the convenience and security ENS domains offer in managing Ethereum addresses. As a decentralized domain system, ENS provides users with a more convenient and secure way to access and manage Ethereum addresses. It converts complex Ethereum addresses into easy-to-remember and shareable names, lowering the barrier to use. Additionally, ENS domains are bound to users’ Ethereum addresses, effectively preventing asset losses due to incorrect address entries. ENS domains can be used not only for transfers and payments but also for accessing decentralized websites and applications, offering a wide range of use cases.

The growth in the number of new ENS domains reflects the increasing demand for decentralized domain systems and the rising recognition of the ENS brand. With the continued development of the Ethereum ecosystem, ENS domains are expected to play a more important role in the future.[15]

Spotlight Analysis

Gate.io Announces Multi-Year Partnership with F1 Red Bull Racing Team to Boost Blockchain’s Global Influence

Gate.io has announced a strategic partnership with the F1 Red Bull Racing team, becoming their exclusive cryptocurrency exchange partner. Starting from the 2025 season, Gate.io’s brand will appear on Red Bull race cars and driver gear. The Red Bull Racing team has won multiple world championships through exceptional engineering and data-driven decisions, while Gate.io continues to innovate in the blockchain technology space, emphasizing transparency and security. With 20 million users, Gate.io has built a comprehensive blockchain ecosystem. The collaboration highlights both companies’ focus on technological innovation and leadership, exploring the integration of blockchain and global motorsports, and accelerating the adoption of blockchain technology.[16]

President of the Central African Republic Launches Meme Coin CAR, Sparking Market and Security Concerns

On February 10, 2025, Faustin-Archange Touadéra, the President of the Central African Republic, announced the launch of the CAR token on the X platform. He claimed that the project aims to promote national unity and development while bringing more international attention to the country. However, the authenticity of this statement has been quickly questioned. It remains unclear whether the president’s X account was hacked or if the video was AI-generated. There are still doubts in the market regarding the legitimacy of the project, and investors are urged to exercise caution and avoid potential risks.[17]

Etherscan Launches On-Chain Address Credit Scoring Feature

Ethereum browser Etherscan has recently launched an on-chain address credit scoring feature, supported by the Blockchain Bureau. This feature analyzes on-chain activities to assess the credit risk of user addresses, providing a credit score for each address. The credit score ranges from “Thin File” (insufficient on-chain information) to “Ultra Low Risk” (ultra-low risk), with a total of eight levels. This scoring system allows users to evaluate the reliability of an address based on on-chain data, enhancing the transparency and security of blockchain transactions. [18]

As a leading browser platform for the Ethereum blockchain, Etherscan continues to provide users with more efficient and transparent blockchain data query services. With this new feature, users can not only view transaction records but also assess the creditworthiness of on-chain addresses, helping to better identify potential risks.

Funding News

According to RootData, from February 7th to February 10th, a total of 7 projects have publicly announced funding, with a total amount of approximately $43.7 million. These projects span the fields of loyalty management, cloud gaming, and DeFi. Below are the top three projects by funding amount:[19]

Superlogic — Superlogic raised $13.7 million in funding, with investments from Powerledger, Nima Capital, and others. The project focuses on the development of an enterprise-level loyalty platform, combining blockchain and artificial intelligence technologies to offer next-generation loyalty solutions for global brands and retailers. Its goal is to enhance user experience and brand loyalty through an innovative loyalty management system.[20]

The Game Company — The Game Company completed a $10 million funding round, with participation from BullPerks, Telcoin, and others. The Game Company is a blockchain-based cloud gaming infrastructure provider, using proprietary ultra-low-latency cloud technology to deliver high-performance gaming experiences. The platform allows users to play any game on any device globally, whether through PC or console, aiming to reduce the need for expensive hardware and promote the adoption of cloud gaming technology.[21]

Fragmetric — Fragmetric raised $7 million in funding, with backing from Hashed, Finality Capital Partners, and others. The project focuses on building the first liquid restaking protocol within the Solana ecosystem, aiming to optimize capital efficiency and enhance Solana’s security and decentralization. Its main focus is on node consensus network (NCN) reward distribution and liquid staking token (LST) management, offering innovative staking solutions for the DeFi sector.[22]

Airdrop Opportunities

Kite AI

Kite AI is the first blockchain platform designed specifically for artificial intelligence, aiming to promoting fair and transparent collaboration between data, models, and agents. The platform utilizes Proof of Attribution Intelligence (PoAI) to track contributions, thereby facilitating equitable and transparent cooperation among data, models, and intelligent agents.

In the Kite AI ecosystem, users engage in transactions and execute smart contracts by paying with Kite tokens. They can access services such as AI model deployment and data processing. Blockchain consensus validators maintain network security, while PoAI validators receive token rewards based on their work or the accuracy of their validations. Smart contracts automate the handling of data and transactions, all of which rely on Kite tokens for gas fees.

How to Participate:

1. Visit the Kite AI Testnet page to register and connect your wallet.
2. Complete social tasks to earn points.
3. Interact with AI agents to earn additional points—10 points per interaction, with a daily maximum of 200 points.

Note:
Airdrop plans and participation methods are subject to change at any time. Users are advised to stay updated by following Kite AI’s official channels for the latest information. Additionally, users should exercise caution, be mindful of potential risks, and conduct thorough research before participating. Gate.io does not guarantee the distribution of future airdrop rewards.


References:

1. Gate.io,https://www.gate.io/trade/BTC_USDT
2. Gate.io,https://www.gate.io/trade/ETH_USDT
3. SoSoValue,https://sosovalue.xyz/assets/etf/us-btc-spot
4. SoSoValue,https://sosovalue.xyz/assets/etf/us-eth-spot
5. CoinGecko,https://www.coingecko.com/en/categories
6. Investing,https://investing.com/indices/usa-indices
7. Investing,https://investing.com/currencies/xau-usd
8. Gate.io,https://www.gate.io/bigdata
9. Gate.io,https://www.gate.io/price
10. X,https://x.com/Teleport_DAO
11. X,https://x.com/SynFuturesDefi
12. X,https://x.com/Alphaquark_/status/1876546943440355779
13. Artemis,https://app.artemis.xyz/flows
14. Coingecko,https://www.coingecko.com/zh-tw/%E6%95%B8%E5%AD%97%E8%B2%A8%E5%B9%A3/usdc
15. PANews,https://www.panewslab.com/4/articledetails/yifh1186.html
16. X,https://x.com/gate_io
17. Chaincatcher,https://www.chaincatcher.com/article/2166606?utm_source=chatgpt.com
18. X,https://x.com/etherscan/status/1888401431641907591
19. Rootdata,https://www.rootdata.com/Fundraising
20. Superlogic,https://www.superlogic.com/
21. The Game Company,https://www.gmrtag.io/
22. Fragmetric,https://fragmetric.xyz/
23. Kite.AI,https://testnet.gokite.ai/

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Disclaimer
Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.