Web3 Research Weekly | The market mainly fluctuated slightly this week; BTC confirmed transaction time reached a new historical high; the Trump family's project WLFI purchased MOVE again

Weekly Overview

Within this week, the overall cryptocurrency market has shown a more obvious volatile trend. Influenced by the previous week's downturn in the US stock market, there is no clear market uptrend signal this week. However, generally speaking, it has escaped from the state of universal decline and entered a new period of volatility. The market this week is mainly characterized by rapid intraday fluctuations, with the trend of mainstream currencies basically maintaining continuous fluctuations within a small range. As the closing period of the week approaches, the market tends to concentrate in the same price range overall, and the current mainstream market trend is likely to continue in the short term.

Most mainstream cryptocurrencies saw a slight rebound in prices last weekend, but experienced a significant decline at the beginning of this week. The market trend remains uncertain in the short term, and is expected to mainly fluctuate within the day.

Throughout this week, the price of BTC mostly maintained a fluctuation within the range of $95,000 to $99,000, with a noticeable downtrend at the opening. The lowest point of BTC price this week fell below the key price level of $95,000, and subsequently mostly fluctuated above $95,000. The price trend of ETH also followed a similar pattern, with most key mainstream cryptocurrencies showing small-scale fluctuations. Currently, the market sentiment has slightly improved, reaching around 40. The overall market capitalization of the crypto market has shown no significant changes compared to the same period last week, standing at around $31.6 trillion, with a 0.75% decrease in the last 24 hours.

Compared to last week, the cryptocurrency market as a whole has entered a new period of volatility this week, with multiple small fluctuations occurring throughout the week, and there is currently a further downward trend. The current price of BTC is around $95618. The price trend of ETH over the week is similar, and the current price is maintained around $2624.

Within this week, the overall cryptocurrency market has been fluctuating, with no further large-scale trend. A significant portion of mainstream coins are currently trading at prices similar to the opening prices. The coin with the largest increase this week is CAKE, with a weekly increase of around 90%.

The overall market situation of the cryptocurrency market remains volatile this weekend, with short-term fluctuations being the main trend. In the short term, the current market cycle is expected to continue for a period of time.

Cryptocurrency Market

🔥According to Fox Business reporter Eleanor Terrett, Federal Reserve Republican governors Michelle Bowman and Christopher Waller showed a more open stance towards the crypto industry in their speeches on February 7, marking a shift in the Fed's attitude towards digital asset regulation.

🔥According to Bloomberg, Wall Street giants such as Morgan Stanley, Bank of America, and Royal Bank of Canada (RBC) are actively laying out in the cryptocurrency industry, expecting the pro-crypto policies of the Trump administration to drive a surge in IPOs, stock offerings, and convertible bond trading.

🔥President Mohamed Muizzu of the Maldives announced on the X platform that the $MLDVS token will be launched on the Solana network, aiming to unite the people with digital culture and push the Maldives into the global crypto market.

🔥Mempool.space data shows that the current transaction fee (Gas fee) on the Bitcoin network has dropped to 1 satoshi/byte, about $0.14. Etherscan data shows that the median price of Ethereum Gas fee is currently about 0.9 gwei, approximately $0.05.

🔥 Japan's securities giant SBI Group announced that its cryptocurrency business achieved a new quarterly profit record, and SBI also partnered with Circle, the operator of USDC, to facilitate the launch of USDC trading pairs in Japan.

🔥According to the US media, Nasdaq-listed, holographic technology service provider MicroCloud Hologram Inc. (NASDAQ: HOLO ) announced that the company plans to raise up to $200 million to purchase Bitcoin or other digital currencies and their related security derivatives, and will incorporate these assets into its capital reserve strategy.

🔥According to Blockworks, PitchBook revealed in a new report that cryptocurrency venture capital spending will remain sluggish until the end of 2024. Specific data shows that the transaction value in the fourth quarter of 2024 surged to $2.4 billion, an increase of 13.6% from the third quarter, but the number of transactions decreased from 411 to 351.

🔥According to Lookonchain monitoring, the Trump family's encrypted project World Liberty Financial (WLFI for short) spent 156,667 USDC to buy 273,937 MOVE again.

🔥According to Cryptoslate, Bitcoin Core developer Luke Dashjr has expressed concerns about the finality of Bitcoin transactions, stating that the widely accepted six-block confirmation rule is no longer applicable.

🔥According to official sources, the Ethereum Foundation announced that it will provide a $200,000 grant to support the Pectra upgrade ecosystem, with the application deadline set to February 23rd.

🔥According to CoinDesk, a spokesperson for InvestHK confirmed that cryptocurrencies including Bitcoin and Ethereum can be used as proof of assets when applying for the "Capital Investment Entrant Scheme" visa.

🔥According to Cointelegraph, data shows that as miners enter a new round of "surrender" phase, Bitcoin is showing classic signs of a local bottom.

🔥According to TheBlock, based on the GMCI index data, the Meme and AI token sectors suffered the most in the recent market adjustment, with the GMMEME and GMAI indices falling by 60% and 56% respectively from their highs in December 2024.

🔥According to CoinDesk, Wall Street bank JPMorgan Chase (JPM) cited TradingView data in a research report released on Tuesday, pointing out that the growth of the crypto ecosystem slowed in January, with total trading volume decreasing by 24%.

🔥According to official sources, Tether has announced that it has completed a strategic investment in the self-custody crypto wallet ZengoWallet. Tether stated that this investment demonstrates its commitment to promoting the development of secure self-custody solutions and facilitating the global adoption of stablecoins.

🔥According to official sources, the Trump family's crypto project World Liberty Financial (WLFI) and Ondo Finance have announced a strategic partnership to promote the adoption of Real World Assets (RWA) tokenization and bring traditional finance onto the blockchain.

🔥Strategy (formerly known as MicroStrategy) founder Michael Saylor wrote on the X platform: "As of this year, Strategy's financial operations have yielded 18,527 bitcoins, which is equivalent to approximately $1.8 billion in bitcoin dollar value for $MSTR shareholders."

According to CoinDesk, New York Stock Exchange-listed company KULR Technology has increased its bitcoin holdings to 610.3 coins.

🔥According to Beincrypto, Bitwise Asset Management reports that the majority of the total supply of Bitcoin is controlled by individual holders. Of the 21 million Bitcoins in circulation, 69.4% are owned by private investors. Given the concentration of Bitcoin ownership among individuals, large institutions and governments attempting to acquire Bitcoin may face challenges.

🔥According to Sunil, the representative of FTX creditors, if SBF does not apply for bankruptcy, the valuation of its assets held may exceed $65 billion.

🔥Fox Business reporter Eleanor Terrett tweeted that as digital assets become a regulatory focus, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are exploring ways to strengthen cooperation in cryptocurrency regulation.

🔥According to The Block, Robinhood released its fourth-quarter financial report, showing that its cryptocurrency trading volume increased by 400% year-on-year to $70 billion. Previously, the trading volume continued to decline in 2024, with the first three quarters being $36 billion, $21.5 billion, and $14.4 billion respectively.

🔥Franklin Templeton announced on the X platform that its on-chain US Treasury currency fund 'BENJI' is now live on Solana. Franklin Templeton stated that Solana is a fast, secure, and censorship-resistant Layer 1 blockchain that encourages global adoption through its open infrastructure.

🔥According to Cointelegraph data, the confirmation time of Bitcoin reached a historical high in 2025, with an average of 19 minutes per transaction. Network congestion, block size limits, and dynamic fees are the main factors causing delays.

🔥Fox Business News reporter Eleanor Terrett posted on the X platform that according to the very useful table provided by Bloomberg ETF analysts James Seyffart and Eric Balchunas, we can see that if the U.S. Securities and Exchange Commission (SEC) does choose to recognize/approve, it could potentially approve the Grayscale's XRP spot ETF application as early as Thursday (February 13).

According to Cointelegraph, since February 4, global trade war concerns have put pressure on investor sentiment as the US and China announced new import tariffs, with Bitcoin trading below the key $100,000 level.

🔥According to Cointelegraph, the blockchain platform of US President Donald Trump has launched a strategic reserve fund to support the growth of some of the largest cryptocurrencies.

Regulatory and Macroeconomic Policies

🔥According to CNBC, US federal prosecutors accused well-known Supreme Court lawyer Tom Goldstein of concealing two cryptocurrency wallets, one of which received over $8 million and transferred $6 million in the past week, in violation of a court order, and was therefore re-arrested.

🔥According to CoinDesk, the U.S. House of Representatives' Digital Asset Committee held a hearing on February 11 to discuss the future development of the cryptocurrency industry in the United States and to push for legislation to provide regulatory clarity.

🔥According to The Block, Jerome Powell, the chairman of the Federal Reserve, said that it is time to "reconsider" the issue of de-banking, given that the crypto industry has been criticized for being excluded from banking services. At a hearing of the Senate Banking Committee on Tuesday, committee chairman and Republican Senator Tim Scott of South Carolina asked Powell if he would work with him to ensure that financial regulations "do not impose more burden than necessary."

🔥According to Cointelegraph, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that the agency may wait for the Senate to confirm the new chairman before deciding on the regulatory agenda for cryptocurrencies.

🔥 According to Cointelegraph, US President Trump has nominated former Bitfury Chief Legal Officer Jonathan Gould to serve as the head of the Office of the Comptroller of the Currency (OCC), responsible for regulating the national banking system. The nomination was submitted to the Senate on February 11 for a five-year term.

According to Coinpost, the Director of the Market Bureau of the Japanese Financial Services Agency, Nobushige Yofu, today proposed a comprehensive institutional reform plan for cryptocurrencies and stablecoins based on discussions at last month's Financial System Council working group meeting.

Cryptocurrency Market Highlights

⭐️In the past week, the overall trend of the cryptocurrency market remains in a state of short-term fluctuations influenced by external factors from last week. Although the total market value has changed slightly, as we approach the weekend closing period, the market as a whole has not yet broken out of the recent sluggish trend. The probability of maintaining small fluctuations within a narrow range in the future is relatively high.

⭐️This week, the increase in the encrypted market CAKE ranks first among mainstream currencies, mainly due to the impact of the AMM platform's own actions, attracting a large amount of funds into the DeFi track, which has led to a significant increase in the price of CAKE within a week. The currency has risen by about 90% in a week, and the current price is maintained at around $2.66, with a certain downward trend in price.

Bitcoin & Ethereum Weekly Performance

Bitcoin (BTC)

( Data Source: TradingView)

Within this week, the price of BTC has mainly fluctuated in the short term after the opening, but also witnessed a relatively obvious decline. Subsequently, there was some rebound in the later period, but a continuous decline occurred in the middle of the week. The price of BTC fell below $95,000 in a short period of time, followed by another round of ups and downs. Currently, the price of BTC is maintained within the range of $95,000 to $96,000, with a lack of significant signals of large fluctuations in price within the week, staying in the same range as the opening price.

Ethereum (ETH)

( Data Source: TradingView)

ETH's price movement this week has been similar to BTC, but the price fluctuations during the midweek period were smaller. After the opening, ETH's price experienced a round of sharp fluctuations, with the short-term price dropping to around $2520. Subsequently, the price rebounded, with ETH approaching the $2800 mark at one point, currently staying in a continuous downward range, maintaining a price range of $2600-$2700. The weekly high of ETH is close to around $2800, and it is expected to maintain the mainstream trend of the week during the weekend, with minor price fluctuations as the main focus.

Web3 Project Trends

This week, the total market value of seven categories of projects has rebounded slightly, but the overall market value has remained close to the level of the same period last week. The overall market this week is mainly affected by the recent continuous market trends, and the mainstream trend is a small short-term rise and fall. Although the rise of individual currencies is more obvious, the overall situation still presents a mainly slight change.

| Category | Weekly Change | Top three tokens by weekly change | Overview | | ------------ | ------------ | ------------ | ------------ | | Layer 1 | 0.0% | LLD,TARA,HMND | The total market value of Layer 1 track remains unchanged this week, with the increase of head currencies relatively average, mainly mainstream currencies, maintaining a moderate range. | Layer 2 | -1.0% |DG,ZKF,BVM|The trend of Layer 2 track this week is similar to that of the L1 track, with the magnitude of the top rising currencies staying within a moderate range, and the overall lack of large-scale price fluctuations. | DeFi | -0.5% | BOR,TIME,TUNE | The DeFi market value changed slightly this week, and the overall rise and fall are not evenly distributed, concentrated on the BOR currency. | NFT | 2.1% | XED,STARS,MOON |The total value of the NFT market increased slightly this week, and the top rising currencies are mainly concentrated in individual currencies, with significant differences in overall distribution. | MEME | -0.1% | RUNES•X•BITCOIN,ZYGO,CATME| The overall capital scale of the MEME coin track changed slightly this week, but the vast majority of currencies are mainly falling, and the increase is basically concentrated in the head currencies. | Liquid Staking | -4.5% | BRG,AFSUI,URO | This track has shown a more obvious downward trend this week, with the growth distribution of the top currencies relatively average. The slight decline is mainly driven by the trend of mainstream currencies. | AI | 3.4% | KAAI,NFTXBT,BAD | The AI track has seen some recovery this week, and the overall trend of the track is slowly warming up after the overall impact of AI industry by DeepSeek has decreased.

Author: Charles T., Gate.io Researcher This article only represents the author's point of view and does not constitute any trading advice. Investment carries risks, so decisions should be made carefully. The content of this article is original, and the copyright belongs to Gate.io. Please indicate the author and source if you need to reprint, otherwise legal responsibilities will be pursued.