TL;DR

• In the past 24 hours, Bitcoin’s price increased by 1.75%, remaining within a stable consolidation range; Ethereum’s price rose by 1.84%, approaching the short-term resistance level of $2,700.
• Soneium’s total value locked (TVL) surpassed $33 million, reaching an all-time high.
• BOB Chain’s TVL surged 50.78% in a single day, exceeding $247 million.
• Pendle’s TVL reached 1.95 million ETH, hitting a new record high.
• Nasdaq submitted trading applications for CoinShares LTC ETF and XRP ETF.
• Democratic Representative Maxine Waters introduced a stablecoin regulatory proposal.
• Bitcoin financial services company Fold expanded its partnership with Visa.

Market Analysis

• BTC – Over the past 24 hours, Bitcoin’s price increased by 0.62%, currently trading at $97,898.9. Recently, BTC has been fluctuating between $94,500 and $99,500, forming a relatively stable consolidation range. After testing the support level, BTC briefly rebounded to around $98,200 before continuing to trade sideways. Overall trading volume has increased compared to previous periods, but no clear breakout signals. [1]

• ETH – Ethereum’s price rose 1.84% in the past 24 hours, currently at $2,683.97. ETH remains within a descending triangle pattern, with short-term resistance at $2,700. If a volume-driven breakout occurs, ETH may test the $2,750–$2,800 range. While trading volume has recovered slightly, it remains low, and the market has yet to show a clear breakout signal. Further attention is needed on volume changes. [2]

• ETF – According to SoSoValue data, on February 10, the total net outflow of U.S. Bitcoin spot ETFs was $241 million, while the total net outflow of U.S. Ethereum spot ETFs was $22.46 million, as of 04:00 UTC+0.[4]
• Altcoins – The AI Framework, AI Agent Launchpad, and AI Memes sectors saw changes of +18.1%, +16.3%, and +14.5%, respectively.[5]
• U.S. Stock Market Indexes – The S&P 500 rose 0.67%, the Dow Jones Industrial Average increased 0.38%, and the Nasdaq Composite gained 0.98%.[6]
• Spot Gold – The price of spot gold reached $2,919.21 per ounce, with a daily increase of 0.39%.[7]
• Fear & Greed Index – The Fear & Greed Index stands at 47, 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:

B3 (B3 Base) – Single-Day Gain of Approximately 1,060%, Market Cap: $108 Million

B3 is a groundbreaking blockchain project that reimagines the interaction between gaming, gaming infrastructure, and Web3. Built on the Base Layer3 ecosystem, B3 supports high-frequency transactions per second while maintaining an ultra-low gas fee environment. The project focuses on addressing key industry pain points that hinder the mainstream adoption of blockchain gaming. Through an innovative open gaming ecosystem, B3 aims to provide a seamlessly connected platform that integrates advanced technology with user-friendly design, bridging the gap between developers and players. [10]

Following its listing on Gate.io today, B3’s price surged over 1,000%, driven by strong ecosystem support and strategic marketing efforts by the project team. Collaborations with multiple KOLs (Key Opinion Leaders) and other projects have further fueled the hype, contributing to the price increase.

LISTA (Lista) – Single-Day Gain of Approximately 63.74%, Market Cap: $48.08 Million

Lista DAO is an open-source, decentralized stablecoin lending protocol powered by LSDfi (Liquid Staking Derivatives Finance). Users can engage in staking and liquid staking on Lista while borrowing lisUSD against various decentralized collateral assets. Operating on the BSC (Binance Smart Chain), Lista aims to position lisUSD as the leading stablecoin in the crypto sector by leveraging innovative liquid staking solutions. [11]

Recently, Lista announced deeper collaborations with AI projects, attracting increased investor attention. Additionally, regulatory easing has bolstered confidence in stablecoin projects, further driving price appreciation.

CHEEMS (Cheems) – Single-Day Gain of Approximately 28.27%, Market Cap: $186 Million

Cheems, a meme-inspired cryptocurrency derived from the famous Shiba Inu meme, previously ranked first on the ZK chain but recently migrated to BSC to enhance liquidity and trading activity. The Cheems project team has been actively driving community marketing and ecosystem development, attracting more investors. [12]

With the BSC ecosystem experiencing a surge in activity and capital inflows, investors have turned their attention to Cheems as a highly representative meme token, driving its price higher.

Data Highlights

Soneium TVL Hits Record High, Surpassing $33 Million

Soneium’s Total Value Locked (TVL) has reached a new all-time high of $33.19 million, reflecting growing market trust in its protocol. Soneium is an Ethereum Layer 2 blockchain launched by Sony, built using Optimism’s OP Stack technology. It offers faster transaction speeds and lower gas fees, making it more suitable for large-scale enterprise applications compared to traditional DeFi protocols. The platform aims to bridge Web2 and Web3 by providing decentralized financial services and plans to integrate with Sony’s entertainment, financial, and gaming ecosystems.

Recently, Soneium’s TVL surged by 62.28%, indicating rapid capital inflows and strengthening investor confidence. The primary drivers of this growth are likely Sony’s ecosystem support, Astar incentive allocations, and enterprise-grade compliance design. However, the long-term development of Soneium still depends on addressing challenges related to ecosystem diversity and sustainability.

BOB Chain TVL Surges 50.78% in a Day, Exceeds $247 Million

BOB Chain’s Total Value Locked (TVL) surged 50.78% within a day, surpassing $247 million. Among this, Avalon Finance’s TVL reached $162 million, marking a 104% daily increase. BOB Chain combines the strengths of Bitcoin and Ethereum to offer a high-performance, low-cost, and secure Layer 2 network, providing developers and users with a rich ecosystem of features and applications. Its unique Hybrid L2 model and BitVM protocol give it a strong competitive edge in the DeFi and blockchain sectors, attracting numerous projects and users to its ecosystem.[14]

BOB Chain’s TVL continues to rise, driven by BTCFi ecosystem expansion and the rapid growth of Avalon Finance. As a core DeFi protocol within the BOB Chain ecosystem, Avalon Finance focuses on Bitcoin liquidity management and DeFi yield optimization, offering services such as stablecoin minting, lending markets, and yield aggregation. Avalon Finance accounts for over 65% of BOB Chain’s TVL, making it the primary growth engine. However, BOB Chain’s long-term development will depend on ecosystem diversification, the advancement of BitVM technology, and competition with other BTC Layer 2 solutions. If it continues to attract developers and expand its application scenarios, BOB Chain has the potential to become a leading Layer 2 network in the BTCFi sector.

Pendle TVL Reaches 1.95 Million ETH, Setting a New All-Time High

The total value locked (TVL) of the yield protocol Pendle has recently surpassed 1.95 million ETH (denominated in ETH), setting a new all-time high. This milestone reflects the market’s growing recognition of the protocol. At the same time, Pendle and Ethena have established a positive synergy in the USDe business, with approximately $2.33 billion worth of USDe deposited into Pendle, accounting for about 45% of its TVL—highlighting its crucial role in the DeFi ecosystem.[15]

This growth is primarily driven by the rising demand for liquid staking derivatives (LSDs), increasing staking yields, and institutional capital inflows. As Ethereum’s staking ecosystem expands and the demand for DeFi yield optimization grows, Pendle is likely to continue benefiting, further boosting its TVL. Investors may focus on yield trends, the deepening adoption of USDe within Pendle, and the overall development of the LSD sector to assess its future growth potential.

Spotlight Analysis

Nasdaq Submits CoinShares LTC ETF and XRP ETF Trading Applications
Nasdaq has submitted CoinShares LTC ETF and XRP ETF listing and trading applications. Nasdaq has filed Form 19b-4, which is a rule change proposal submitted to the U.S. Securities and Exchange Commission (SEC), typically filed by exchanges to list new financial products (such as ETFs).

This initiative will bring multiple positive effects, including increasing market liquidity, enhancing market recognition, improving investor education and participation, and enhancing institutional involvement. At the same time, it may also introduce risks such as increased market volatility, legal, and regulatory challenges. Overall, this development will promote the maturity and growth of the cryptocurrency market. [16]

Notably, LTC and XRP’s market performance has recently attracted widespread attention. As of now, LTC is priced at $129.09, with a 24-hour increase of 13.71%. XRP is priced at $2.49, with a 24-hour increase of 4.18%.

Democratic Representative Maxine Waters Proposes Stablecoin Regulation Bill
U.S. Democratic Representative Maxine Waters has introduced a stablecoin regulation bill, proposing that the Office of the Comptroller of the Currency (OCC), the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC) jointly regulate stablecoin issuers and require all registered issuers to maintain a 1:1 reserve backing.

Previously, Republican Representatives French Hill and Bryan Steil introduced a similar bill, but their proposal advocated OCC oversight of non-bank stablecoin issuers rather than requiring them to go through the Federal Reserve’s approval process. These proposals aim to unify and standardize the stablecoin regulatory framework through multi-agency collaboration and strict reserve requirements, enhancing market transparency and stability.

At the same time, this could also introduce regulatory discrepancies and market complexity, requiring a balance between regulation and innovation. [17]

Bitcoin Financial Services Firm Fold Expands Partnership with Visa, Launches Bitcoin Rewards Card
Bitcoin financial services company Fold announced an expanded partnership with Visa, extending its Bitcoin rewards card program, covering the existing debit card plan and an upcoming credit card product.

This collaboration will leverage Visa’s shared services and incentive mechanisms to further optimize the user rewards experience. Fold provides multiple Bitcoin asset management features, including Bitcoin purchases, early wage deposits, “round-up” automatic Bitcoin purchases on everyday transactions, and related asset management tools.

CEO Will Reeves stated: “Bitcoin is the next evolution of rewards programs, and our partnership with Visa will elevate the user experience.” [18]

Additionally, Fold recently completed $30 million in convertible note financing, providing further support for the ongoing growth of the Bitcoin financial ecosystem.

Funding News

According to RootData, a total of four projects have publicly announced funding since February 10, with two projects disclosing a total financing amount of approximately $11.25 million. These projects are involved in AI and blockchain security. Below are the top two projects ranked by funding amount: [19]

NodeGo.AI — NodeGo.AI has completed an $8 million funding round, led by Hash Capital. The funds will be used to expand its decentralized AI computing network and enhance real-time AI processing capabilities. NodeGo is a community network that allows individuals and organizations to monetize their idle computing resources. By leveraging blockchain technology, NodeGo provides a secure and efficient way to share, buy, or sell computing power. The investment will be used to build its network, enabling users and businesses to contribute to AI tasks through spatial computing and other computations, while also allowing participants to earn rewards. [20]

Drosera Network — Ethereum security platform Drosera recently announced the completion of a $3.25 million funding round, bringing its total funding to $4.75 million. This round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, and other institutional investors. The funds will be used to enhance smart contract security and protect blockchain infrastructure. Drosera specializes in on-chain threat detection, protocol security audits, and smart contract defense, identifying potential risks through real-time monitoring and automated security tools. As DeFi and Web3 ecosystems continue to grow, smart contract vulnerabilities and hacking attacks are becoming increasingly prevalent. Drosera is committed to providing a more secure Ethereum smart contract execution environment, reducing security risks for users and developers. [21]

Airdrop Opportunities

Sandwatch

Sandwatch is a Web3 streaming platform built on the Solana blockchain, designed to provide creators and communities with a transparent and fair environment to create and enjoy high-quality films and series. Additionally, Sandwatch has launched the first AI video agent framework, showcasing the potential of AI in video creation. Currently, Sandwatch is running a points program where users can earn Popcorn Points by completing simple tasks. These points may be linked to future token allocations, and early participation could lead to greater rewards. [22]

How to Participate:

• Visit the Sandwatch official website
• Click “Select Seat” on the top right corner to join the community and receive an invite code
• Follow the instructions to complete assigned tasks and earn Popcorn Points

Note:
The airdrop program and participation methods may change at any time, so users are advised to follow Sandwatch’s official channels for the latest updates. Participants should also be cautious, assess risks carefully, and conduct thorough research before joining. 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/b3dotfun
11. X,https://x.com/lista_dao
12. X,https://x.com/lista_dao
13. Defillama,https://defillama.com/chain/Soneium
14. Defillama,https://defillama.com/chain/BOB
15. Defillama,https://defillama.com/protocol/pendle?denomination=ETH
16. X,https://x.com/WhaleInsider/status/1888913461515526388
17. Theblock,https://www.theblock.co/post/339827/top-democrat-rep-maxine-waters-releases-draft-proposal-to-regulate-stablecoins-punchbowl-news?utm_source=twitter&utm_medium=social
18. X,https://x.com/fold_app/status/1886803247492366488
19. Rootdata,https://www.rootdata.com/Fundraising
20. NodeGo.AI,https://nodego.ai/
21. Theblock,https://www.theblock.co/post/339603/ethereum-security-platform-drosera-raises-3-25-million-in-funding-brings-total-funding-to-4-75-million?utm_source=feedly&utm_medium=rss
22. Sandwatch,https://www.sandwatch.com/home

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