Weekly Web3 Research｜Market Continued The Current Oscillation Cycle; Crypto Market Minted 600,000 New Tokens In January

Weekly Trend Overview

This week, the overall crypto market continued its recent oscillation cycle. Similar to the market changes last week, there is still no clear upward signal in the market, and most of the week is dominated by small ups and downs. This week, the market is mainly dominated by small ups and downs within the day, and the trend of mainstream coins basically lacks large fluctuations. As the closing time of the week approaches, the prices of most mainstream coins are basically in the same range as the opening price, and there is no possibility of large-scale changes in the trend in the short term.

Most mainstream cryptocurrencies lacked obvious ups and downs this week, and there was a slight decline after the opening of this week. However, the market trend in the short term is still very unclear, and it is expected to maintain short-term ups and downs within the day.

This week, the price of BTC remained in the range of $94,000-$99,000 for most of the time, but there was a significant decline in the mid-week period, and the price fell below $94,000 in a short period of time. The low point of BTC was around $93,487, but it stayed above $95,000 for most of the week and continued to fluctuate, with the high point breaking through $98,000.

Compared with BTC, ETH price fluctuations are greater, with a weekly high of around $2,819 and a low of around $2,617. This week, the price trends of most key mainstream coins continued to rise and fall within a small range. Market sentiment has not changed significantly, maintaining at around 40. The overall market value of the crypto market has increased slightly, reaching around $3.21 trillion, up 1.11% in 24 hours.

The overall crypto market maintained its recent cyclical trend this week, with a relatively obvious rise and fall. The current price of BTC is around $98,300. The current price of ETH is around $2,740.

The overall crypto market lacks obvious ups and downs this week, and there is no trend of further large-scale changes. The current prices of a considerable number of mainstream coins are in the same range as the opening prices. The top coin with the largest increase this week is IP, which has increased by about 110% in a week.

The crypto market is expected to remain in the current range this weekend, with short-term fluctuations remaining the main trend.

Crypto Market

🔥According to Cointelegraph, CoinGlass data showed that as of 10:35 am UTC on February 16, more than 70% of ETH options open contracts were call contracts. Nansen research analyst Nicolai Sondergaard said that bullish positions indicate that investors are cautiously optimistic about ETH’s medium-term appreciation.

🔥Crypto analyst Immortal tweeted: “BTC on-chain transaction volume is far from 2021 levels…but do we expect a big bull run? Even transaction fees don’t necessarily indicate a bull run - just look at past cycles.”

🔥According to Cointelegraph, according to a study conducted by Perryman Group and released by blockchain advocacy organizations Texas Blockchain Council and Digital Chamber of Commerce, despite being an emerging field, the Bitcoin mining industry has created more than 31,000 jobs in the United States directly through mining operations and indirectly through supporting industries.

🔥According to Crypto.news, Coingecko co-founder Bobby Ong said that the crypto market saw a surge in the creation of new tokens in January, with 600,000 new tokens minted, a 12-fold increase from the 50,000 tokens minted per month from 2022 to 2023.

🔥Adam, a macro researcher at Greeks.live, released an English community briefing saying that Bitcoin traders are closely watching the $94,000-98,000 range, with the main resistance level at $98,000. At the same time, many people have noticed that volatility has been unusually low recently, and there is a lack of certainty in price trends.

🔥Ray Dalio, founder of Bridgewater Funds, talked about Bitcoin again in the latest “All-In” podcast interview and mentioned the DeepSeek craze. He said he saw currency depreciation through market trends, especially relative to gold, Bitcoin, or other physical assets.

🔥Adam, a macro researcher at Greeks.live, wrote on the X platform that the most noteworthy macro news this week is from the United States and Europe about the war between Russia and Ukraine. The war between Russia and Ukraine has always been an important reason for the rise in commodity prices. If the relevant situation changes, it may cause a change in the current overall inflation logic.

🔥According to monitoring by crypto analyst Ali, the capital inflows into Bitcoin and Ethereum have dropped significantly in the past month, from $45 billion to $30 billion, a drop of more than 30%.

🔥According to Cryptoslate, as of December 31, 2024, institutional investors held 25.4% of the assets under management (AUM) of spot Bitcoin ETFs, totaling $26.8 billion.

🔥According to Cryptoslate, version 1.15.2 of Geth, a key client of the Ethereum protocol, has been released to fix a bug in the previous version that affected the creation of mainnet blocks. According to Go Ethereum, this emergency update solves a regression problem in the beacon consensus engine that caused validators to miss block opportunities and potentially cause economic losses.

🔥According to Cointelegraph, with the rise of US President Donald Trump, more and more white-collar criminals, including former FTX CEO SBF, are exploring ways to obtain forgiveness.

🔥Michael Saylor, founder of Strategy (formerly MicroStrategy), tweeted a summary of the “21 rules of Bitcoin.”

🔥According to Cryptoslate, the European Securities and Markets Authority (ESMA) has launched a public consultation on guidelines for assessing the knowledge and competence of professionals providing crypto asset services under the Crypto Asset Market Regulation (MiCA).

🔥According to Cointelegraph, billionaire Paul Tudor Jones’ investment institution disclosed that it holds BlackRock IBIT worth $426.9 million, which is twice the last time it reported its holdings in SEC documents.

🔥According to Crypto Briefing, Kyle Song, Web3 expert at Google Cloud Asia Pacific, revealed in his speech at the Hong Kong Bitcoin Technology Carnival that Google is committed to making Bitcoin wallets as user-friendly as Web2 applications. Google’s vision is to enable users to log in to Bitcoin wallets using their existing Google accounts. The purpose of this goal is to make Bitcoin closer to mainstream users.

🔥According to CoinDesk, a report released by JPMorgan Chase showed that U.S.-listed Bitcoin miners accounted for 29% of the global Bitcoin network computing power in February 2025, almost double the same period last year.

🔥According to the on-chain analyst Ember, although the ETH/BTC exchange rate has fallen to 0.028, there are still whales that are looking down on the ETH/BTC exchange rate: a whale has withdrawn a total of 1,444 cbBTC (about $138 million) from Coinbase in the past two weeks, and then deposited it into Aave as collateral to borrow 29,025 ETH (about $77.6 million) and then transferred it to Coinbase.

🔥According to The Daily Hodl, citing Barron’s, as financial services giant Charles Schwab expands its business tentacles into crypto asset investment, the company is setting up a new utive position. This new position is the head of digital assets, who will be responsible for Schwab’s overall crypto asset strategy.

🔥According to TheBlock, Vetle Lunde, head of research at K33 Research, analyzed in a report that Bitcoin is still in a low volatility range. This week, Bitcoin fell slightly by 2% as risk-averse traders pushed down yields, volatility, and trading volumes to multi-month lows.

🔥According to Bloomberg, Reeve Collins, one of the original founders of Tether, is launching his own stablecoin.

🔥 According to The Block, Strategy (formerly MicroStrategy) said on Tuesday that it plans to issue $2 billion in zero-interest convertible senior bonds hours after issuing a profit warning.

🔥According to Bloomberg, crypto security platform Blockaid recently completed a $50 million Series B financing round led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts.

🔥Trump said at the Institute for Future Investment Initiative conference in Miami on Wednesday: “Bitcoin has hit multiple all-time highs because everyone knows I am committed to making the United States the capital of cryptocurrency.”

🔥Ki Young Ju, CEO of CryptoQuant, said that he believes that Bitcoin will not enter a bear market this year and is still in a bull market cycle.

Regulatory & Macro Policies

🔥According to The Block, Argentine lawyers have filed a lawsuit against the country’s President Javier Milei, accusing him of fraud for his involvement in the LIBRA token project, a scandal that escalated after it broke out over the weekend when the token’s value plummeted 95% after Milei’s initial promotion.

Meanwhile, Javier Milei could face impeachment in Congress over allegations that he facilitated a crypto rug pull that caused the token’s market value to plummet from $4 billion to $418 million in a matter of hours.

🔥According to the Hong Kong Wen Wei Po, a fund issuer previously expected to launch the first tokenized retail money market fund in the Asia-Pacific region in Hong Kong by the end of this month. The Chief utive Officer of the Hong Kong Securities and Futures Commission, Leung Fung-yee, said that she had discussed the Ensemble project with the HKMA and believed that money market funds have the greatest potential for tokenization among real-world assets because they can make subion and redemption efficient. Currently, many other tokenization applications are under review, including retail products and money market funds.

🔥According to Cointelegraph, the Texas government website announced that the first public hearing on the establishment of a potential strategic Bitcoin reserve in Texas is scheduled for February 18, less than a week after the Senate Secretary received the bill.

🔥According to the Hong Kong Radio website, Ye Zhiheng, utive director of the Intermediaries Department of the Hong Kong Securities and Futures Commission, is expected to announce a virtual asset development roadmap this month. In addition to explaining the development principles, the roadmap will also mention the SFC’s expectations and scope of market research in the short term, as well as areas where platform participants hope to optimize.

🔥According to Cointelegraph, the US stock exchange MEMX has applied to the Securities and Exchange Commission (SEC) for approval to list the 21Shares XRP ETF as a “commodity trust,” and the relevant documents have been submitted to the regulator. This move marks another effort by US exchanges to list ETFs that include spot XRP. This application also highlights the SEC’s shift in its stance on cryptocurrencies.

🔥According to The Block, the U.S. Securities and Exchange Commission (SEC) is seeking public comments to decide whether options trading should be approved on three spot Ethereum ETFs. According to a regulatory document released on Tuesday, the SEC has sought opinions on whether to allow the Chicago Board Options Exchange (Cboe Exchange, Inc.) to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF.

🔥According to the official website of the U.S. Department of Justice, U.S. prosecutors filed a civil forfeiture lawsuit in a crypto investment fraud case and recovered 7.24 BTC, 14,120 USDT, 105.75 ETH, and other crypto assets.

🔥The list of stablecoin issuers compliant with the EU’s “Markets in Crypto-Assets Act” (MiCA) has been announced. Ten institutions, including Circle, Crypto.com, and Societe Generale, have been approved to issue euro and US dollar stablecoins, involving a total of 10 euro-type stablecoins and 5 US dollar-type stablecoins.

🔥According to Decrypt, the U.S. Securities and Exchange Commission (SEC) voluntarily withdrew its appeal against a ruling that prevented the agency from expanding existing securities laws to cover DeFi users and projects.

🔥According to Satoshi Action Fund, Montana’s “Strategic Bitcoin Reserve” bill was passed in committee and entered the House of Representatives voting stage.

🔥The U.S. Securities and Exchange Commission (SEC) has officially confirmed that it has accepted the spot Litecoin ETF (LITE) application submitted by CoinShares.

🔥According to CoinDesk, Ales Michl, Governor of the Czech Central Bank, said that Bitcoin significantly differs from other crypto assets and should not be confused with cryptocurrencies.

🔥According to Edaily, the Financial Supervisory Service (FSS) of South Korea announced its inspection plan for this year, which includes strengthening the supervision of virtual asset service providers (VASPs). FSS intends to strictly review whether these platforms comply with laws and regulations as well as voluntary compliance rules.

🔥According to CoinDesk, Franklin Templeton announced the launch of the first fully tokenized U.S. Treasury bond fund in Luxembourg, providing European institutional investors with the opportunity to participate.

🔥According to the latest regulatory roadmap “A-S-P-I-Re” released by the Hong Kong Securities and Futures Commission (SFC), Hong Kong will further improve the supervision of the virtual asset market to balance innovation and risk management.

Crypto Market Highlights

⭐️Last week, the overall crypto market trend continued the recent market trend, and short-term small fluctuations are still the mainstream changes. The overall value of the market has changed little, and it is close to the weekend closing time. The overall market is unlikely to experience large-scale fluctuations in the short term, and the probability of maintaining a small range of fluctuations in the future is high.

This week, the increase in the value of IP in the crypto market ranked first among the mainstream coins. As a newly launched coin, this coin has ushered in a large-scale continuous rise. The coin has increased by about 110% in a week, and the current price remains around $3.7, showing a relatively obvious continuous upward trend.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

This week, the price of BTC showed a short-term continuous decline after the opening, quickly falling to a weekly low in the mid-week period, and then quickly rebounded to above $95,000. Currently, the price of BTC is in a state of rapid rise, approaching the price of $98,500. The price of BTC has been maintained in the range of $95,000-98,000 for most of this week, which is similar to the price trend last week, but it has now broken through to above $98,000. Overall, the probability of BTC breaking through the $100,000 mark in the short term is very small, and the probability of maintaining the current price range is relatively high.

Ethereum (ETH)

(Data Courtesy Of TradingView)

Compared with BTC, the price change of ETH this week is relatively intense, with a large range of fluctuations. After the opening, ETH price saw a round of rising market, but it was short-lived, followed by a continuous decline. There was a round of rapid rise in the middle of the week, followed by a short-term dive. The current price is basically stable, maintaining a small range of continuous fluctuations. The high point of ETH’s price in the week is close to $2,820. It is expected that there will be a round of rapid rise and fall during the weekend, but the price will mainly rise and fall slightly.

Web3 Project Trend

The total market value of the seven types of projects fluctuated this week, but most of them are still in the same ups and downs. The overall market was mainly affected by the recent market conditions, and small short-term ups and downs are still the mainstream trend.