Web3 Research Weekly | The market entered a period of oscillation and rebound this week; In February, encryption projects received a total of $9.51 billion in financing.

##Weekly Overview

This week, the overall cryptocurrency market has begun to enter a new period of volatility. The large-scale downward trend that has emerged since last week has stopped. Trump’s announcement of cryptocurrency reserve targets as a positive signal for the market has brought some positive impact to the market. Although the downward trend in the market has temporarily stopped, the mainstream currencies still fluctuate greatly on a weekly basis. Generally speaking, most of the time this week is dominated by volatile fluctuations, but the overall market value has rebounded to some extent, and market sentiment has also risen, returning to 30. As the end of the week approaches, the mainstream currencies are mainly slightly rebounding, with many currencies still showing significant downward trends for the week. In the short term, the possibility of a large-scale downturn in the market at the macro level is low, but influenced by policies and external information factors, there is still a possibility of continued bearishness.

Most mainstream cryptocurrencies have reversed the trend of continuous decline this week, with short-term fluctuations as the main trend. However, the market trend in the short term is still very uncertain. The market is generally influenced by external factors, and the market’s outlook is not optimistic.

The price of BTC has rebounded somewhat this week, currently warming up to the range of $88,500. There is still a risk of further decline, and the bulls remain pessimistic, predicting a low point near $75,000. The low point of BTC this week came near $82,000, while the high point was around $94,500 during the midweek period.

The price trend of ETH fluctuates similarly to BTC, but overall it has experienced a certain decrease in the past week. The highest price in the week was around $2541, while the lowest point was around $2019. The price trends of various key mainstream currencies this week show different fluctuations, and the sluggish market continues. The overall market value of the crypto market has slightly rebounded compared to the same period last week, reaching around $2.9 trillion, with a 1.25% decrease in the past 24 hours.

Compared to last week, this week the overall cryptocurrency market has experienced a significant downturn, with a large-scale decline and volatility due to news influences. The current price of BTC is around $84,000. The current price of ETH is hovering around $2,276.

Currently, the overall cryptocurrency market has entered a new period of volatility, with the possibility of further downside. ADA has the largest increase in the TOP coins this week, but the actual increase is still limited, reaching around 36.7% in a week.

The overall market situation of the cryptocurrency market this weekend is expected to experience small fluctuations, and the market as a whole is greatly affected by external policy factors.

##Cryptocurrency Market

🔥Trump said on social media on Sunday that the United States will create a strategic reserve of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Solana, and Cardano. In response to this news, cryptocurrencies surged on Sunday. 🔥Ethereum Foundation’s newly appointed Co-Executive Director, Tomasz K. Stańczak, posted on X platform, stating that it’s time to take action due to the announcement of strategic reserves. For everyone building large-scale stable DeFi, institutional custody solutions, institutional staking, stablecoins, and institutional wallets, this is a brief opportunity window to showcase the maturity, security, and widespread integration of the Ethereum ecosystem in global finance. 🔥Grayscale stated on X platform that the Grayscale Digital Large Cap Fund (GDLC) is the only publicly traded fund in the United States that solely holds the same crypto assets as the United States’ strategic crypto reserve. 🔥Regarding the ‘Trump is advancing the cryptocurrency reserve plan,’ BitMEX co-founder Arthur Hayes posted on the X platform: ‘There is nothing new here, just empty talk. Tell me when they get congressional approval to borrow money or raise the price of gold. Without these, they have no money to buy Bitcoin and altcoins.’ 🔥Cronos stated on the X platform that today at the Cronos POS governance forum, a new proposal was released for voting, aiming to restore Cronos’ golden age and invest heavily to support Cronos’ roadmap (including ETF) and the ambition for the United States to become the global cryptocurrency capital. 🔥According to ai_9684xtpa monitoring, a user on Hyperliquid with 50x leverage closed a long position of 469.48 BTC and increased their ETH long position, which now exceeds 72,000 ETH, approximately $159 million. The position will be liquidated if the ETH price drops by $43. 🔥According to the Public Security Bureau’s Network Security Bureau official account, a series of counterfeit DeepSeek websites and Trojan viruses have appeared on the Internet, causing great troubles and security risks to the general public. 🔥Elon Musk harshly criticized Meme coins on the latest Joe Rogan Experience podcast, calling them a ‘casino-like’ thing and warning market participants not to put their life savings into Meme coins. 🔥According to a report by Hong Kong Wen Wei Po, the Hong Kong Investment Fund Association announced that the fund sales figures for Hong Kong in 2024 showed that the total sales of retail funds last year reached $81.698 billion, an increase of 47% over 2023, reaching a new high in 3 years. 🔥Fox Business News reporter Eleanor Terrett wrote on the X platform: “Two sources told me that the Cryptocurrency Working Group of the U.S. Securities and Exchange Commission (SEC) is preparing to hold a series of roundtable meetings with industry participants on the theme of ‘Spring Sprinting Towards Crypto Clarity’.” 🔥Cryptocurrency analysts point out that Bitcoin has now turned bearish, and its weekend gains have completely evaporated. 🔥Founder of digital asset investment platform Eaglebrook Advisors, Mike Alfred, wrote on X platform, “There are reports that the Trump administration is preparing to announce a zero capital gains tax policy on cryptocurrency sales at Friday’s cryptocurrency summit (i.e. cryptocurrency sales will be exempt from capital gains tax).” 🔥According to CoinDesk, Citibank analysts stated that the likelihood of the United States establishing a strategic reserve of cryptocurrencies is increasing, especially after President Trump announced that XRP, SOL, ADA, BTC, and ETH will be included in the reserve. CryptoQuant CEO Ki Young Ju stated that the crypto market is gradually becoming a tool for the United States to pursue national interests. Since Trump was elected, global moral standards have declined, and any behavior that aligns with Trump and U.S. interests is no longer considered illegal. 🔥Cryptocurrency analyst Eugene stated that he previously held a large number of long positions before the news related to Trump, but has now closed most of them. 🔥According to the Financial Times, based on the forecast of State Street, the world’s largest ETF service provider, the demand for cryptocurrency ETFs is surging. It is expected that by the end of this year, their total assets will exceed those of North American precious metal ETFs. 🔥David Sacks, the head of artificial intelligence and crypto affairs at the White House, and the “Crypto Tsar”, confirmed in a post on X platform that he had sold all cryptocurrencies, including BTC, ETH, and SOL, before taking up his administrative position. 🔥Fox Business News reporter Eleanor Terrett posted on the X platform, stating that Coinbase has submitted a Freedom of Information Act (FOIA) request to the U.S. Securities and Exchange Commission (SEC) to disclose the non-fraudulent investigations and enforcement actions in the crypto industry during former chairman Gary Gensler’s tenure at the SEC. 🔥Co-founder of itMEX, Arthur Hayes, stated in his latest blog post that despite the U.S. stock market indices nearing all-time highs, Bitcoin has signaled an impending liquidity crisis. 🔥According to Bitcoin.com, in February 2025, the cryptocurrency venture capital activities rebounded, with 98 projects receiving a total of $951 million in public financing, a 14% increase from the previous period. 🔥According to The Block, in February, the Ethereum lending market experienced the most severe liquidation event in 12 months, with nearly $500 million in collateral liquidated. 🔥Layer1 blockchain Cronos faces strong opposition to a proposal to restore 70 billion CRO tokens destroyed in 2021. Early voting results on Mintscan show that 95.7% of participants voted against the plan. Voting is expected to end on March 17. 🔥According to PRNewswire, Canaan Technology released the unaudited monthly update information on its Bitcoin mining business as of February 2025, revealing that 82 bitcoins were mined in February 2025. The number of bitcoins held on Canaan Technology’s balance sheet at the end of the month was 1,355. The deployed hash rate at the end of the month was ~6.28 EH/s, and the operating hash rate at the end of the month was ~5.73 EH/s. Total revenue for Q4 2024 is expected to reach $89 million, exceeding the previous expectation of $80 million. 🔥Binance announced that, in order to comply with the latest regulatory requirements on stablecoins in the European Union, it will adjust the use of non-MiCA (Market in Crypto-Assets Regulation) compliant stablecoins in the European Economic Area (EEA). 🔥According to Fox Business News reporter Eleanor Terrett, the first White House cryptocurrency summit will run from 1:30 p.m. on March 7 to 5:30 p.m. (2:30 a.m. to 6:30 a.m. on Saturday, March 8 Beijing time), with no other details disclosed in the invitation email apart from the time and location. 🔥Fox Business News reporter Eleanor Terrett said that although formal invitations have not yet been sent, several industry heavyweights have confirmed their attendance at the cryptocurrency summit at the White House this Friday. 🔥Cryptocurrency analyst Eugene posted on his personal TG channel: “Regardless, you don’t need me to tell you, in hindsight, this was clearly a bearish retest at the bottom, followed by a merciless rejection. Looking ahead, I still believe we may be in trouble, long attempts should only be reserved for the best setups. The next expected level for Bitcoin is at $75,000. Keep low risk and return to capital protection mode.” 🔥According to Decrypt, JPMorgan wrote in its latest cryptocurrency report that the total market value of 14 listed cryptocurrency mining companies in the United States dropped by 22% in just February, which is $6 billion. 🔥Jing Financial International announced on the Hong Kong Stock Exchange that the company is considering establishing investment opportunities and services under the supervision of cryptocurrency licensing for ( and is currently formulating investment plans with Amber Group for the group’s Bitcoin and other major cryptocurrency investment products. 🔥According to The Block, Geoff Kendrick of Standard Chartered Bank expressed concerns about the near-term outlook for Bitcoin and MicroStrategy (MSTR), suggesting that the price of Bitcoin may face volatility near a key support level. 🔥According to CoinDesk, El Salvador, apparently under the leadership of the country’s president Nayib Bukele, has no intention of stopping the accumulation of Bitcoin, regardless of any demands from the International Monetary Fund (IMF). 🔥According to The Block, the U.S. government disclosed in an announcement that it has added dozens of Bitcoin (BTC) and Monero (XMR) addresses to its entity sanctions list. 🔥CryptoQuant CEO Ki Young Ju said that the Bitcoin market may continue to be sluggish before the sentiment in the U.S. market improves. Currently, on-chain activities are not significant, key indicators are neutral, indicating that the bull market cycle is still ongoing. In response to the rumors that Mike Alfred previously announced that the Trump administration planned to announce a zero capital gains tax policy on cryptocurrency sales at the encryption summit on Friday, Adam Cochran, a partner at Cinneamhain Ventures, said, “Mike blacklisted me because I repeatedly verified his authenticity, but this did not stop me. The President cannot unilaterally amend tax laws. Only Congress can. This is one of the few powers explicitly granted to Congress by the Constitution. Even if the President announces the decision or attempts to sign an executive order for it, it will not become law. This is no more effective than me claiming to be a piece of paper cake.” 🔥According to The Pavlovic Today, US Secretary of Commerce Howard Lutnick revealed that Trump will announce a strategic reserve plan for Bitcoin (BTC) at the White House Cryptocurrency Summit, marking a significant shift in US cryptocurrency policy. 🔥According to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance has no plans to change the current investment structure of the National Welfare Fund, especially not to include cryptocurrency assets - the volatility of cryptocurrency assets is too high, and the current level of accumulation in the National Welfare Fund does not allow for consideration of high-risk investments. 🔥According to Crypto Briefing, Coinbase is rekindling its efforts to tokenize its stock COIN as part of a broader initiative to introduce security tokens to the US market. 🔥According to Globenewswire, BioNexus Gene Lab Corp. (NASDAQ: BGLC), a technology company dedicated to innovation and healthcare, announced that its board has formally approved the company’s new Ethereum-focused financial strategy. 🔥According to Fox Business News reporter Eleanor Terrett, a group of US House Republicans, including Tom Emmer and Bryan Steil, held a ‘cryptocurrency power luncheon’ this afternoon to discuss digital asset policy initiatives and related legislation. 🔥According to Unchained Crypto, a White House official revealed that Charles Hoskinson, co-founder of Cardano, was not invited to the White House cryptocurrency summit on Friday. 🔥According to the latest list of attendees at the White House’s first cryptocurrency summit compiled by the crypto KOL “The Wolf of All Streets” on Platform X, in addition to the previously disclosed executives from companies such as Coinbase and Robinhood, newly confirmed industry personnel include Crypto.com CEO Kris Marszalek and Ripple CEO Brad Garlinghouse. 🔥According to The Block, the lending protocol Aave is planning to create a savings product called “sGHO” around its native stablecoin GHO and the new “Aave Savings Rate”.

##Regulations&Macroeconomic Policies 🔥According to Cryptonews, Colombian Senator Gustavo Moreno and Congress representative Julián López have introduced a bill aimed at establishing a legal framework to “protect” cryptocurrency users in the country.

🔥According to Cryptopolitan, Japanese Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on cryptocurrency assets during a meeting of the House of Representatives Budget Committee (inheritance tax + income tax + resident tax = 110%). He stated that it is indeed possible under current law and that this tax rate “is not limited to cryptocurrency assets” and applies “only in cases of extremely high profits”.

🔥According to The Block, the newly formed cryptocurrency special working group of the U.S. Securities and Exchange Commission (SEC) will hold its first roundtable meeting later this month as part of a series of meetings.

🔥According to the Kraken announcement, the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss the lawsuit against Kraken, without the need to pay a fine, without admitting any wrongdoing, and Kraken’s business model is not affected.

🔥According to the Executive Policy Statement released by the White House Office of Management and Budget (OMB), the U.S. government supports S.J. Res. 3, a bill introduced by Senator Ted Cruz and others aimed at overturning the IRS rule on ‘total revenue reporting for digital asset sales brokers’.

🔥According to CoinDesk, on Tuesday, with strong support from many Democrats, the U.S. Senate successfully passed a resolution aimed at repealing the Biden administration’s cryptocurrency tax rules, which could be the biggest obstacle to eliminating the IRS’s new broker rules (which originally planned to cover decentralized finance DeFi).

🔥According to the meeting records of the Cryptocurrency Working Group of the U.S. Securities and Exchange Commission (SEC) on March 5, 2025, the staff of the Cryptocurrency Working Group met with representatives from Circle Internet Financial, LLC, as well as representatives from WisdomTree Digital Management, Inc. and its affiliates, to discuss methods to address issues related to regulating crypto assets.

🔥According to Decrypt, the chief prosecutor investigating Argentine President Javier Milei’s alleged involvement in the LIBRA scandal has requested the freezing of approximately $100 million in crypto assets related to the case and the restoration of deleted social media posts, including Milei’s tweets promoting Meme coins based on Solana. Prosecutor Eduardo Taiano also requested detailed records of LIBRA transactions.

🔥According to Fox Business News reporter Eleanor Terrett, Caroline Pham, acting chairman of the Commodity Futures Trading Commission (CFTC), said that staff from the U.S. Securities and Exchange Commission (SEC) and CFTC are discussing and cooperating on digital assets and other matters.

##Crypto Market Highlights
⭐️In the past week, the overall downturn trend in the cryptocurrency market has shown signs of warming up, but most mainstream coins still exhibit a volatile trend of rapid fluctuations in the short term. However, the market has not yet entered a clear recovery period. Many mainstream coins still show a continuing downward trend. Overall, the possibility of a rapid recovery in the market in the short term is relatively low in the near future, and there is still a trend of further decline, which is not optimistic overall.

⭐️This week, ADA’s market rise is among the top in mainstream currencies, but in fact, the increase is not significant. It is mainly influenced by Trump’s statement. The currency has experienced a rapid short-term rise, with a weekly increase of about 35%. The current price is around $0.89, showing a relatively clear continuous oscillating trend, with a certain downward trend. It is expected that the short-term fluctuations will remain within a small range in the future.

![])https://img.gateio.im/social/moments-9f56c99926e17f736710dad9e7882f71(

##Bitcoin & Ethereum Weekly Performance

) Bitcoin ### BTC(

![])https://img.gateio.im/social/moments-4dd4931f0481f032f4a1ee9ce97d03f0( ) Data Source: TradingView( During this week, the price of BTC showed a stable trend after the opening, with a round of short-term rapid warming trend as Trump’s statement on cryptocurrency reserves was released. However, a more obvious downturn appeared in the middle of the week, followed by another upward trend. The price of BTC quickly returned above $90,000 for a short period of time, but currently dropped below $90,000 again, maintaining around $88,500. The price of BTC this week mostly showed a trend of continuous ups and downs, with the possibility of further decline and trend, depending largely on the overall market trend changes and significant external policy factors.

) Ethereum ### ETH(

![])https://img.gateio.im/social/moments-32aac92555cb88641d824a5978fc63ab( ) Data Source: TradingView( The price trend of ETH this week is similar to that of BTC, mainly affected by Trump’s statement. There was a more obvious short-term upward trend during the opening period. However, after the price fell in the middle of the week, it failed to achieve a large increase. Nevertheless, the overall trend is similar, with significant continuous fluctuations throughout the week. Currently, the price of ETH has continued to fluctuate near $2200, maintaining small-scale ups and downs. The high point of ETH’s price during the week is near $2550, and it is expected that there will be a new round of price fluctuations during the weekend, with a high probability of maintaining the current range of continuous ups and downs.

##Web3 Project Trends

This week, the total market value of seven categories of projects mostly maintained a downward trend, with most tracks showing a slight easing of the decline compared to the same period last week. The overall market has been significantly affected by news factors recently, and there is still a possibility of further decline in the short term, but a significant rebound in the market may occur under the influence of external information.

Author: Charles T., Gate.io researcher *This article represents only the author’s point of view and does not constitute any trading advice. Investment carries risks, so decisions should be made cautiously. This article is original content, copyright belongs to Gate.io, if you need to reprint, please indicate the author and source, otherwise legal responsibility will be pursued.