TL;DR

• Bitcoin price drops by 1.54% to $96,000, while Ethereum price falls by 2.13% to $2,610.88.
• Bitcoin reserves on cryptocurrency exchanges have decreased to 2.5 million BTC.
• Kamino’s lending volume has surpassed $1 billion, becoming the fastest-growing dark horse in the Solana ecosystem’s lending sector.
• Unichain’s mainnet has officially launched, with activity surging by 611%.
• WLFI has introduced the Macro Strategy Reserve Plan and Investment Overview.
• Sahara AI has launched the Studio platform, accelerating the development of decentralized AI.

Market Analysis

• BTC — The price of Bitcoin has decreased by 1.54% in the past 24 hours, with the current price at $96,000. Yesterday, the price of BTC fell from around the resistance level of $98,600 to about $94,800, where it found support near the support level, and then began to rebound. Overall, the price has been moving in a range, showing a consolidation pattern and fluctuating within the range. Currently, the BTC price is still within this range, with no clear breakout signal yet[1].

• ETH — The price of Ethereum has dropped by 2.13% in the past 24 hours, currently priced at $2,610.88. Recently, ETH has repeatedly found buying support near the support level of $2,560, and after encountering selling pressure at the resistance level of $2,730, it retreated. The price has been fluctuating between the support and resistance levels without forming a clear breakout trend [2].

• ETF — According to SoSoValue data, on February 11, the total net outflow of the U.S. Bitcoin spot ETF was $56.76 million[3], while the total net inflow of the U.S. Ethereum spot ETF was $12.58 million[4].
• Altcoins — As of 02:00 (UTC +0) on February 12, 2025, AI Agent Launchpad, AI Framework, and Binance Alpha Spotlight have seen changes of +13.7%, +13.0%, and +7.6%, respectively[5].
• U.S. Stock Market Indices — The S&P 500 index rose by 0.03%, the Dow Jones index increased by 0.28%, and the Nasdaq index fell by 0.36%[6].
• Spot Gold — Spot gold is at $2,891.22 per ounce, with a daily decline of 0.22%[7].
• Fear and Greed Index — The Fear and Greed Index is at 46, 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:

JAILSTOOL (Stool Prisondente) — The price surged by approximately 110.01% in a single day, with a circulating market capitalization of $81.57 million.
JAILSTOOL is a meme coin issued on the Solana blockchain. Initially, it didn’t attract much attention, but with the backing of Barstool Sports founder Dave Portnoy, its market capitalization skyrocketed in a short period.[10]

As a well-known influencer and entrepreneur, Dave’s comments on social media have a massive impact on the market. Recently, he bought JAILSTOOL and publicly expressed his optimism about it, attracting a wave of follow-up purchases. Additionally, after the creators of JAILSTOOL cashed out $50,000, Dave went against the grain—he not only refrained from selling but also increased his investment, which further bolstered market confidence and pushed the price upward.

ARC (AI Rig Complex) — The price increased by approximately 21.52% in a single day, with a circulating market capitalization of $313 million.
ARC is the native token of the AI Rig Complex framework, designed to support the decentralized ecosystem combining AI and Web3. The ARC framework is developed based on Rust language, emphasizing modularity, security, and scalability to address the lack of flexibility in traditional AI development frameworks.[11]

Recently, the ARC ecosystem announced a new token issuance mechanism, which differs from traditional models by focusing more on efficiently managing liquidity and costs, and is focused on capturing the potential of the ecosystem. This innovative design could generate market expectations for the future development of the ARC ecosystem, driving the token price higher.

PIX (Pixel Swap) — The price surged by approximately 26.99% in a single day, with a circulating market capitalization of $49.62 million.
PixelSwap is a modular decentralized exchange built on the TON blockchain, designed to provide a secure, efficient, and flexible DeFi trading experience. Its core features include a layered architecture, multiple algorithm support, and atomic transactions, catering to complex DeFi needs.[12]

The PixelSwap team announced the upcoming launch of a new version of their DEX platform, promising a smoother and more intuitive trading experience. This announcement has sparked market expectations for the growth of its ecosystem, with investors optimistic about PixelSwap’s long-term development within the TON ecosystem, driving the token price higher.

Data Highlights

Bitcoin Reserves on Cryptocurrency Exchanges Drop to 2.5 Million BTC
The current Bitcoin reserves on cryptocurrency exchanges have dropped to around 2.5 million BTC, marking the lowest level in nearly three years. This trend indicates a reduction in the circulating supply of Bitcoin in the market, which could be driven by multiple factors such as long-term holders accumulating more coins, institutional investors increasing their Bitcoin allocations, and rising demand for decentralized storage solutions[13].
A decrease in Bitcoin reserves on exchanges is typically interpreted as a bullish signal. When more Bitcoin flows out of exchanges and into cold wallets or custodial institutions, it suggests reduced selling pressure in the market, with investors showing a preference for long-term holding. Additionally, the growing demand for Bitcoin ETFs may also be contributing to the reduction in exchange reserves. Recently, there has been a continuous inflow of funds into Bitcoin spot ETFs, resulting in a significant amount of BTC being transferred from exchanges to ETF custody accounts.

Kamino’s Lending Volume Surpasses $1 Billion, Becoming the Fastest-Growing Dark Horse in Solana’s Lending Sector
As of February 11, 2025, Kamino, a leading lending protocol in the Solana ecosystem, has surpassed $1 billion in active loans. This marks an explosive growth of 2,000% since January 2024, significantly outpacing other mainstream protocols such as Aave (213%) during the same period. Kamino has thus become one of the fastest-growing projects in the lending sector. The surge in lending volume is closely linked to Solana’s high-frequency trading characteristics and the active meme token market. Kamino not only provides primary liquidity for popular tokens such as Dogwifhat (WIF) but also attracts a large number of users through its high-turnover loan model. The platform processes over 158,000 loans daily, with smaller average loan amounts but extremely high frequency[14].

Unichain Mainnet Officially Launches, Activity Soars by 611%
On February 11, Uniswap Labs officially announced the launch of the Unichain mainnet, a Layer2 network. According to data, during its four-month testnet phase, the network processed 95 million transactions and successfully deployed over 14.7 million smart contracts, demonstrating strong technical capabilities and market appeal. After the mainnet launch, Unichain quickly gained market attention, with nearly 100 well-known crypto projects, including Uniswap, Circle, Coinbase, Lido, and Morpho, confirming their participation. This rapid ecosystem expansion has made Unichain one of the most prominent Layer2 solutions in the blockchain space. Furthermore, according to on-chain data analysis platform Nansen, in the past 24 hours, the number of active addresses on Unichain reached 11,900, a 611% increase from the previous day, with the number of transactions hitting 261,880, up 163%. These figures highlight Unichain’s rapid growth post-launch and underscore the market’s high level of attention and anticipation for its Layer2 solution[15].

Spotlight Analysis

Plume Partners with Superstate to Drive Multi-Chain RWA Financial Expansion
Asset management company Superstate has announced a collaboration with Plume Network, a Layer1 blockchain, to jointly drive the expansion of multi-chain tokenized financial products. Superstate will leverage Plume’s customized blockchain infrastructure to open its flagship products— the short-term U.S. government securities fund (USTB) and cryptocurrency holding fund (USCC) — to Plume’s users. The former is anchored to short-term government bond yields, while the latter combines arbitrage strategies involving Bitcoin, Ethereum, and government bonds, aiming to provide transparent and compliant yield options for crypto-native investors[16].

This partnership highlights two major trends. First, the RWA (Real-World Asset) sector is evolving from single-asset tokenization to an ecosystem integration of “infrastructure + asset management services.” Plume offers the on-chain compliance framework, while Superstate injects mature financial products, creating a complementary relationship. Secondly, the integration of traditional financial markets with the crypto market is accelerating, with low-risk assets like the U.S. Treasury bonds being tokenized to lower investment barriers, while crypto strategy funds are attracting traditional capital into the space.

WLFI Launches Macro Strategy Token Reserve Plan and Announces Investment Overview
World Liberty Financial (WLFI) announced today the launch of its Macro Strategy Token Reserve Plan, designed to support cryptocurrencies such as Bitcoin and Ethereum, while driving the development of the DeFi ecosystem. The goals of the plan include enhancing market stability, fostering growth, and building trust, while attracting more institutional investors into the crypto market. WLFI plans to strengthen community and institutional interaction through partnerships with traditional financial institutions, joint marketing, and brand promotion. They will also use transparent blockchain wallet storage for assets to increase credibility.

Macro Strategy exemplifies the increasing institutionalization of the DeFi space. The diversified token reserves not only enhance WLFI’s ability to withstand risk but also strengthen its connection with traditional finance, promoting broader adoption.

At the same time, WLFI released its latest investment update. As of February 12, 2025, WLFI has invested approximately $308.7 million, acquiring eight cryptocurrencies: ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, and ONDO. However, the portfolio currently shows an unrealized loss of about $58.4 million, with ETH seeing a loss of $44.1 million (down 21%), and ENA experiencing the largest decline at 53%, reflecting the asset’s volatility. It’s worth noting that most of the assets have been transferred to Coinbase Prime, and the specific trading status is not transparent, though WLFI has stated that no sales have occurred[17][18].

Sahara AI Launches Studio Platform to Accelerate Decentralized AI Development
Sahara AI has announced the launch of Sahara AI Studio, an integrated AI development platform that is now officially open for early access. The platform aims to provide developers with a complete AI development environment, enabling everything from data management to model training and computing resource scheduling, all within a single system. Sahara AI Studio integrates four core modules: Data Hub, Model Hub, Compute Hub, and Vaults, enhancing AI development efficiency and security. The Data Hub is responsible for dataset management, ensuring the transparency and traceability of data sources. The Model Hub provides pre-trained models and development frameworks to help users quickly build AI applications.

To meet high computational demands,the Compute Hub integrates decentralized computing power resources, ensuring scalable GPU and TPU computing capabilities. The Vault system focuses on the secure storage of data and models, ensuring confidentiality and compliance while mitigating the risk of data leaks. Decentralized AI is gradually becoming the focus of market attention. Sahara AI Studio enhances research and development efficiency and data privacy, providing developers with powerful tools and support. In the future, this platform could facilitate the widespread adoption of AI applications and drive the development of the decentralized AI ecosystem[19].

Funding News

According to RootData, over the past 24 hours, three projects announced funding rounds totalling over $22 million, with the largest single round reaching $15 million, covering areas such as wallets, DeFi, and artificial intelligence[20]

Legends — Legends has raised $15 million in funding, with investments from a16z, Coinbase Ventures, and others. Legends is a self-custodial platform that integrates multiple DeFi protocols, primarily focusing on the mobile experience. The platform combines various DeFi protocols, allowing users to perform transactions, lending, and asset management all within one mobile app, without needing to switch between different applications[21].

Partnr — Partnr has completed a $4 million seed round, with investments from Mechanism Capital, Oak Grove Ventures, and others. Mirai Labs is a technology company focused on AI development for the cryptocurrency space. Its core product, Partnr, is a platform that integrates AI agents to simplify user interactions with cryptocurrencies, making wallet management and on-chain transaction execution more convenient for users[22].

Cabal — Cabal has raised $3 million, with backing from Delphi Digital, Nascent, and others. Cabal is the invisible force behind Initia VIP rewards, built on Initia’s Layer 1 blockchain. Cabal allows users to deposit INIT and Enshrined Liquidity positions to accumulate governance rights, while also providing assets that are both liquid and yield-generating[23].

Airdrop Opportunities

Harpie

Harpie is a security tool focused on protecting digital assets, designed to prevent online theft and ensure the safety of users’ transactions. It offers advanced security features and protective mechanisms to help individuals, as well as their families and friends, safeguard against hacker attacks and asset losses. Harpie’s core philosophy is to make security simple, reliable, and easy to use, providing convenient cryptocurrency asset protection solutions for all users[24].

Harpie Points can be used to receive the following rewards: token airdrops, tickets to offline events, and official Harpie merchandise. Rewards are distributed randomly, with higher points increasing the chances of winning.

How to Participate:

1. Use Harpie to scan your wallet daily: 250 points
2. Bind your Harpie account to X: 1,500 points
3. Refer a friend to use Harpie and create an account: Both the referrer and the referee will receive 2,500 points each

Note:
The airdrop plan and participation methods may be updated at any time. Users are advised to follow official channels for the latest information. At the same time, users should participate cautiously, be aware of risks, 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/stoolpresidente/status/1888990981157966062
11. X,https://x.com/arcdotfun/status/1889053268162044242
12. X,https://x.com/PixelSwap_io/status/1887785667238981681
13. Cryptoquant,https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
14. X,https://x.com/SolanaFloor/status/1889326789836877848
15. Umiswap,https://blog.uniswap.org/unichain-mainnet-is-here
16. TheBlock,https://www.theblock.co/post/339861/plume-network-picked-by-superstate-to-power-multichain-expansion?ref=onepagecrypto.com
17. X,https://x.com/worldlibertyfi/status/1889429781512409346
18. Arkham,https://intel.arkm.com/explorer/address/0x5be9a4959308A0D0c7bC0870E319314d8D957dBB
19. X,https://x.com/SaharaLabsAI/status/1889498621445656913
20. Rootdata,https://www.rootdata.com/Fundraising
21. Fortune,https://fortune.com/crypto/2025/02/11/decentralized-finance-platform-legends-raises-15-million-from-a16z-and-coinbase/
22. TheBlock,https://www.theblock.co/post/339609/mechanism-capital-leads-4-million-seed-round-for-consumer-facing-ai-agent-developer-mirai-labs
23. Cabal,https://thecabal.xyz/
24. X,https://x.com/harpieio/status/1886838017840816568

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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.