TL;DR

• In the past 24 hours, Bitcoin’s price has dropped by 3.55%, falling below $98,000, while Ethereum’s price has declined by 2.75%, dropping below $2,700.
• Stargate Finance’s Total Value Locked (TVL) has surpassed $868 million.
• Dinero’s TVL has exceeded $205 million.
• Berachain has announced the launch timeline for its mainnet.
• Hyperliquid’s cumulative revenue has surpassed $70 million.
• Ethereum has raised its gas limit for the first time in three years.
• Tether is bringing USDT to the Bitcoin network.

Market Analysis

• BTC —— The current price of BTC is $98,113.5, reflecting a 3.55% decline in the past 24 hours. On February 3, BTC experienced a sharp drop due to concerns over Trump signing a tariff policy, hitting a daily low of $91,231. However, as Trump later announced a delay in the tariff policy, market sentiment quickly recovered, leading to a strong BTC rebound, with the price surging to a high of $102,500. From a technical perspective, BTC is currently forming a triangular consolidation pattern, with resistance above and support below gradually narrowing. This reduction in market volatility indicates that both bulls and bears are still searching for a breakout direction. [1]

• ETH —— Over the past 24 hours, ETH has dropped 2.75%, with its current price at $2,731.23. After a downtrend, ETH has formed a consolidation range, fluctuating between $2,450 and $2,900. In the short term, ETH is facing resistance from moving averages, remaining in the middle of this range. Trading volume is weak, and the market lacks a clear bullish or bearish direction. [2]

• ETF —— According to SoSoValue, on February 4, the total net inflow into the U.S. spot Bitcoin ETFs was $91.78 million[3], while spot Ethereum ETFs saw a total net inflow of $31.6 million[4].
• Altcoins —— Sector movements: Tokenized Assets +4.7%, Tokenized Gold +1.8%, Tokenized Commodities +3.1%. [5]
• U.S. Stock Market —— The three major U.S. indices posted gains: S&P 500 +0.72%, Dow Jones +0.30%, and Nasdaq +1.35%. [6]
• Spot Gold —— The price of spot gold has reached $2,853.32 per ounce, marking a 0.39% daily increase and hitting a new all-time high. [7]
• Fear & Greed Index —— The Fear & Greed Index stands at 54, 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:

VADER (VaderAI by Virtuals) – 31.40% Daily Surge, Market Cap: $35.51M

Vader is an AI-driven platform designed to operate autonomously with minimal human supervision. By leveraging its native token, Vader can facilitate capital generation entirely on-chain, interact with partners, hire service providers, and settle payments.

Recently, VADER implemented a buyback and burn mechanism, reducing the total supply of $VADER by 1.15%, thereby increasing token scarcity. This burn mechanism has created positive market expectations, boosting investor confidence and contributing to the token’s price appreciation. [10]

IAG (Iagon) – 16.58% Daily Surge, Market Cap: $138M

Iagon is a Norwegian blockchain company aiming to revolutionize cloud computing and network services by providing a decentralized storage and computational grid. It connects users requiring large-scale data storage and AI processing with distributed computing resources.

As more $IAG tokens are staked as collateral to enhance network security and stability, the system’s resilience against attacks has significantly improved, strengthening market confidence in the token. Additionally, Iagon’s storage capacity and number of active nodes continue to grow, expanding into more countries and cities. This expansion has attracted enterprises and creators to adopt its decentralized storage and computing solutions, driving further demand for $IAG. The platform’s ecosystem development and increasing adoption of decentralized technology have contributed to the token’s price increase. [11]

FORTH (Ampleforth) – 43.55% Daily Surge, Market Cap: $48.07M

Ampleforth is a blockchain-based platform running on Ethereum, specifically designed for lending applications. It employs an innovative mechanism to adjust the supply of its native token based on demand, offering a decentralized, elastic-supply stablecoin.

Recently, Ampleforth announced an airdrop and cross-chain expansion plan for its governance token, $FORTH. The project has also integrated with major platforms such as Coinbase and Binance, further enhancing liquidity and security within its ecosystem. These developments address the shortcomings of centralized stablecoins and strengthen market confidence in Ampleforth as an on-chain medium-term store of value. The increased exposure and recognition of $FORTH has contributed to its price surge. [12]

Data Highlights

Stargate Finance TVL Surpasses $868M

Stargate Finance has recently experienced significant growth in its Total Value Locked (TVL), reaching $868 million. The platform is renowned for its cross-chain liquidity solutions, which have attracted substantial capital support. Currently, Stargate’s market capitalization stands at $55.71 million, with a token price of $0.27. The platform generates an annualized fee revenue of $2.67 million and an annualized income of $1.21 million, reflecting its operational efficiency and profit potential. This growth highlights the increasing demand for cross-chain liquidity solutions. As the DeFi market continues to evolve, Stargate’s innovation and competitive edge are expected to drive further adoption and development. [13]

Dinero TVL Surpasses $205M

Dinero’s Total Value Locked (TVL) has reached $205 million. By integrating ETH liquid staking tokens, decentralized stablecoins, and public RPC services, Dinero enhances capital efficiency and user returns within the Ethereum ecosystem. Currently, Dinero has a market capitalization of $45.21 million, with a token price of $0.069. The platform has seen continuous growth in liquidity and user participation, indicating the increasing attractiveness of its economic model and products. [14]

Hyperliquid Cumulative Revenue Exceeds $70M

Hyperliquid’s cumulative revenue has been steadily rising since the beginning of the year, now reaching $74.47 million. As a decentralized trading platform, Hyperliquid has attracted a large user base through its efficient trading mechanisms and innovative features. With the continued expansion of DeFi and related sectors, Hyperliquid’s revenue growth reflects the rising market demand for decentralized trading solutions. [15]

Spotlight Analysis

Berachain Announces Mainnet Launch on February 6

The Layer 1 blockchain project Berachain has announced that its mainnet will go live on February 6, 2025, and it will also initiate its Token Generation Event (TGE). In conjunction with this, the project revealed its tokenomics and an airdrop checker today, marking a significant milestone in the development of its ecosystem. Berachain utilizes a Proof of Liquidity (PoL) consensus mechanism and operates on a three-token model: BGT, BERA, and HONEY. This model aims to enhance liquidity management and provide users with various ways to engage in on-chain activities. Following the mainnet launch, Berachain plans to gradually expand its ecosystem, attracting more developers and users to participate.[16]

Ethereum Raises Gas Limit for the First Time in Three Years, Raising it to Nearly 32 Million Units

In February 2025, the Ethereum network raises its block gas limit for the first time since the Merge, raising it from 30 million to nearly 32 million units (with a future cap of 36 million). This adjustment is aimed at enhancing transaction processing capacity and reducing congestion costs. The change does not require a hard fork and took effect automatically after being approved by a majority of validators through a vote, highlighting an improvement in Ethereum’s governance flexibility.[17]

With the higher gas limit, each block can accommodate more transactions or complex operations, helping optimize the DeFi application experience, alleviate network congestion during peak times, and reduce user migration to chains like Solana. However, this move may increase the operational burden on nodes in the short term, and in the long term, a balance must be struck between performance and utility.

Tether Brings USDT to the Bitcoin Network

Global stablecoin provider Tether has integrated USDT into the Bitcoin ecosystem using the Taproot Assets protocol, including both the mainnet and the Lightning Network. This integration combines Bitcoin’s decentralization and security with the speed and scalability of the Lightning Network, enabling USDT to run seamlessly across both layers for low-cost, high-speed transactions. With USDT’s use in the Lightning Network, Tether is driving innovation in the Bitcoin ecosystem, further solidifying Bitcoin’s position in decentralized finance (DeFi).

This integration is seen as an important milestone in the evolution of stablecoins, opening new opportunities for Bitcoin’s broader application in the global financial system.[18]

Funding News

According to RootData, in the past 24 hours, three projects have publicly announced funding, with a total raised amount exceeding $57.3 million. The largest single investment reached $30 million, covering sectors such as AI agents, DeFi, and infrastructure. Below are the details of the funding:[19]

Taproot Wizards — Taproot Wizards has completed a $30 million Series A financing round, with participation from Standard Crypto, Cyber Fund, and others. Taproot Wizards is a startup focused on the Bitcoin ecosystem, aiming to build an active community by issuing Ordinals. These Ordinals can serve as NFTs or BRC-20 tokens, embedding images or other data, giving each Satoshi a unique value[22].

AutonolasOLAS — AutonolasOLAS has completed a $13.8 million funding round, with participation from 1kx, Zee Prime Capital, and others. Olas is a platform for autonomous AI agents in the cryptocurrency space. By combining blockchain and AI technologies, Olas has created an open, user-driven agent ecosystem that simplifies AI development while enhancing user control over digital assets, providing innovative tools for the Web3 space[21].

Beamable — Beamable has completed a $13.5 million Series A financing round, with participation from Bitkraft Ventures, P2 Ventures, and others. Beamable is a decentralized game infrastructure platform. The company focuses on building and expanding the Beamable network, a decentralized computing network designed to reduce reliance on centralized, large-scale servers by utilizing distributed resources such as computing power, storage, and bandwidth, providing an economically efficient and powerful alternative to traditional server platforms[20].

Airdrop Opportunities

Metabrawl

MetaBrawl is an action game that combines open-world exploration with platform combat. Players battle in dynamic arenas using unique characters and NFT skins, experiencing high-quality, action-packed combat[23].

The $BRAWL token serves as the primary digital asset for the in-game economy. Players can use $BRAWL tokens to purchase character skins, equipment, and other virtual items within the game, enhancing their character’s combat power or customizing their character’s appearance. Additionally, the $BRAWL token provides players with a variety of in-game interactions and economic functions, promoting the active and sustainable development of the game ecosystem.

How to Participate:

1. Visit the MetaBrawl Airdrop official website and log in.
2. Follow @MetaBrawlGame on X and join the Telegram group.
3. Participate in the game and complete tasks to earn airdrop opportunities.

Note:
The airdrop plan and participation methods may be updated at any time. It is recommended that users follow MetaBrawl’s official channels for the latest information. Additionally, users should exercise caution, be aware of 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/VaderAI/status/1886825887305261190
11. X,https://x.com/IagonOfficial/status/1886843125508759799
12. X,https://x.com/RoundtableSpace/status/1886836676464664643
13. Defillama,https://defillama.com/protocol/stargate-finance
14. Defillama,https://defillama.com/protocol/dinero
15. Defillama,https://defillama.com/protocol/hyperliquid?revenue=true&groupBy=cumulative&tvl=false
16. X,https://x.com/berachain/status/1886777450480259265
17. Coindesk,https://www.coindesk.com/markets/2025/02/04/ethereum-raises-gas-limits-for-first-time-since-2021-boosting-eth-appeal
18. Tether,https://tether.io/news/tether-brings-usdt-to-bitcoins-lightning-network-ushering-in-a-new-era-of-unstoppable-technology/
19. Rootdata,https://www.rootdata.com/Fundraising
20. The Block,https://www.theblock.co/post/338807/beamable-raises-13-5m-in-series-a-led-by-bitkraft-to-advance-decentralized-gaming-infrastructure
21. The Block,https://www.theblock.co/post/338713/olas-raises-13-8-million-to-launch-pearl-an-app-store-for-autonomous-ai-agents-in-crypto
22. The Block,https://www.theblock.co/post/263343/bitcoin-ordinals-startup-taproot-wizards-raises-7-5-million-in-seed-round
23. Metabrawl,https://metabrawl.io/
    
    

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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.