Weekly Web3 Research | The market entered a period of oscillation and rebound this week; In February, encryption projects raised a total of $951 million.

Weekly Trend Overview

This week, the overall cryptocurrency market has begun to enter a new period of volatility. The massive downward trend since last week has stopped. Trump’s announcement of cryptocurrencies as a strategic reserve target is a positive signal for the market, bringing some positive impact to the market. Although the downward trend in the market has temporarily stopped, the mainstream currencies still fluctuate significantly on a weekly basis, with large short-term fluctuations. Overall, most of the week was characterized by volatile fluctuations, but the overall market value has rebounded, and market sentiment has also increased, returning to 30. As we approach the end of the week, the top mainstream currencies have mainly shown a slight rebound, with many currencies still experiencing significant declines over the week. The likelihood of a massive downturn at the macro level in the market in the short term is low, but influenced by policies and external information, there is still a possibility of continued downward pressure.

Most mainstream encryption currencies have reversed the trend of continuous decline this week, with short-term fluctuations as the main trend. However, the short-term market trend is still very unclear at present. Many parties hold a pessimistic attitude towards the future market trend, and the market as a whole is greatly influenced by external factors.

This week BTC price There has been a certain rebound, and it has now warmed up to the range of $88,500, with the risk of further downward movement still existing. The bulls are pessimistic, predicting a low point near $75,000. The low point of BTC’s price this week came near $82,000, while the high point was near $94,500 during the midweek period.

ETH price The trend is similar to BTC, but the overall price has dropped somewhat in the week, with the high point around $2541 and the low point around $2019. This week, various key mainstream currencies Price trend Presenting different trends of rise and fall, the sluggish market situation is still continuing. The overall market value of the encryption market has shown some signs of recovery compared to the same period last week, reaching around 2.9 trillion US dollars, with a 1.25% decrease in the past 24 hours.

Compared to last week, the overall cryptocurrency market has experienced a severe downturn this week, with significant declines and volatility influenced by the news. The current price of BTC is around $84,000, and the current price of ETH is maintaining around $2,276.

Currently, the overall encryption market has entered a new period of volatility, with the possibility of further declines. The largest gainer within the week is ADA, but the actual increase is still limited, reaching around 36.7% in a week.

This weekend, it is expected that there will be small fluctuations in the overall cryptocurrency market, which is largely influenced by external policy factors.

Crypto Market

🔥 Trump posted on social media on Sunday that the United States will create a strategic reserve of cryptocurrencies that will include bitcoin and Ethereum, as well as Ripple, Solana and Cardano. Cryptocurrencies rallied on Sunday on the news.
🔥 Tomasz K. Stańczak, the new co-utive director of the Ethereum Foundation, said in a post on the X platform that it was time to do something about it thanks to the announcement of the strategic reserve. This is a short window of opportunity for everyone building large stable DeFi, institutional custody solutions, institutional staking, stablecoins, institutional wallets to demonstrate the maturity, security, and broad integration of the Ethereum eco in global finance.
🔥 Grayscale pointed out on the X platform that the Grayscale Digital Large Cap Fund (GDLC) is the only publicly traded fund in the United States that only holds the same crypto assets as the U.S. cryptocurrency strategic reserves.
🔥 In response to “Trump is advancing the crypto reserve plan”, BitMEX co-founder Arthur Hayes posted on platform X: “Nothing new here, just empty talk. Let me know when they get congressional approval to borrow money or raise the price of gold. Without these, they have no money to buy bitcoins and altcoins. ”
🔥A new proposal was released for voting at the Cronos POS Governance Forum today that “aims to restore Cronos‘ golden age and will invest significant amounts of money to support the Cronos roadmap (including ETFs) and the U.S. ambition to become the global crypto capital,” Cronos said on the X platform.
🔥 According to ai_9684xtpa monitoring, a 50 times leveraged long user on Hyperliquid closed a long position of 469.48 BTC, and instead increased the long position of ETH, and the current ETH position has exceeded 72,000, about $159 million, and the price of ETH will be liquidated if it falls by $43.
🔥 According to the official account of the Cyber Security Bureau of the Ministry of Public Security, copycat DeepSeek websites and Trojan viruses have appeared on the Internet one after another, bringing great distress and security risks to the general public.
🔥 Musk harshly criticized the meme coin during the latest podcast episode of Joe Rogan Experience, calling it something similar to a “casino”, and he warned market participants not to put their life savings into meme coins.
🔥 According to Hong Kong Wen Wei Po, the Hong Kong Investment Funds Association announced the fund sales figures in Hong Kong in 2024, showing that the total sales of retail funds reached US$81.698 billion last year, an increase of 47% over 2023 and a three-year high.
🔥 Fox Business News reporter Eleanor Terrett posted on the X platform: “Two people familiar with the matter told me that the U.S. Securities and Exchange Commission’s (SEC) Crypto Working Group is preparing to hold a series of roundtables with industry players on the theme of ‘Spring Sprint, Towards Crypto Clarity.’”
🔥 Cryptocurrency analysts note that bitcoin has turned bearish at the moment, and its gains over the weekend have completely evaporated.
🔥 Mike Alfred, founder of digital asset investment platform Eaglebrook Advisors, posted on platform X: “There is news that the Trump administration is preparing to announce a zero capital gains tax policy on cryptocurrency sales (i.e., cryptocurrency sales will be exempt from capital gains tax) at the crypto summit on Friday. ”
🔥 According to CoinDesk, Citi analysts said that the possibility of the United States building a strategic reserve of cryptocurrencies is rising, especially after President Trump announced that XRP, SOL, ADA, BTC, ETH will be included in the reserve.
🔥Ki Young Ju, CEO of CryptoQuant, said in an article that the crypto market is gradually becoming a tool for the United States to pursue its national interests. Since Trump’s election, global moral standards have declined, and actions that are in the interests of Trump and the United States are no longer considered illegal.
🔥 Crypto analyst Eugene said that he had previously held a large number of long positions before the Trump-related news, but most of them have now been unwound.
🔥 According to forecasts from State Street, the world’s largest ETF service provider, demand for crypto ETFs has surged, and its total assets are expected to surpass North American precious metal ETFs by the end of the year, according to forecasts by State Street, the world’s largest ETF service provider.
🔥 David Sacks, the head of artificial intelligence and crypto affairs at the White House and the “crypto czar”, confirmed in a post on platform X that he had sold all cryptocurrencies, including BTC, ETH and SOL, before the start of administration.
🔥 Fox Business News reporter Eleanor Terrett posted on platform X: Coinbase has filed a Freedom of Information Act (FOIA) request with the U.S. Securities and Exchange Commission (SEC) to disclose the expenses of the SEC’s non-fraud investigations and enforcement actions against the crypto industry during the tenure of former Chairman Gary Gensler.
🔥Arthur Hayes, co-founder of itMEX, said in his latest blog post that Bitcoin has signaled that a liquidity crisis is imminent, even though U.S. stock market indices are still near all-time highs.
🔥 According to Bitcoin.com, crypto venture capital activity picked up in February 2025, with 98 projects receiving a total of $951 million in public financing, up 14% month-on-month.
🔥 According to The Block, in February, the Ethereum lending market experienced its worst liquidation in 12 months, with nearly $500 million in collateral liquidated.
🔥Cronos, a Layer 1 blockchain, is facing backlash over a proposal to restore the 70 billion CRO tokens burned in 2021. The results of an early poll on Mintscan showed that 95.7% of participants voted to reject the program. Voting is expected to close on March 17.
🔥 According to PRNewswire, Canaan released a monthly update of its unaudited bitcoin mining business as of February 2025, which disclosed that the mining output in February 2025 was 82 bitcoins, the number of bitcoins held on Canaan’s balance sheet at the end of the month was 1,355, the deployment computing power at the end of the month was ~6.28 EH/s, and the operating computing power at the end of the month was ~5.73 EH/s. Total revenue in Q4 2024 is expected to reach $89 million, exceeding the previous forecast of $80 million.
🔥 Binance has announced that it will adjust the use of non-MiCA compliant stablecoins in the European Economic Area (EEA) in order to comply with the latest EU regulatory requirements for stablecoins.
🔥 According to Fox Business News correspondent Eleanor Terrett, according to an invitation email from the White House to the first cryptocurrency summit, the meeting will last from 1:30 p.m. to 5:30 p.m. on March 7 (2:30 a.m. to 6:30 a.m. Beijing time on Saturday, March 8), and no details other than the time and location were disclosed in the email.
🔥 Fox Business News reporter Eleanor Terrett said that although the official invitation has not yet been issued, several industry leaders have confirmed that they will attend the cryptocurrency summit at the White House this Friday.
🔥 Crypto analyst Eugene posted on his personal TG channel: “In any case, you don’t need me to tell you, in hindsight, it was clearly a bearish downside backtest, which was followed by a ruthless rejection.” Going forward, I still think we may have gotten into a rut and trying to go long should only be reserved for the best setup. The next expected level of bitcoin is expected to be $75,000. Keep risk low and go back to capital protection mode. ”
🔥 According to Decrypt, JPMorgan Chase wrote in its latest cryptocurrency report that in February alone, the combined market capitalization of 14 listed crypto miners in the United States fell by 22%, or $6 billion.
🔥 Kingkey Financial International announced on the Hong Kong Stock Exchange that the company is considering setting up investment opportunities and services under the supervision of cryptocurrency licenses. The Group is currently working with Amber Group to develop an investment plan for the Group’s Bitcoin and other major cryptocurrency investment products.
🔥 According to The Block, Standard Chartered’s Geoff Kendrick expressed concern about the near-term prospects for Bitcoin and MicroStrategy (MSTR), arguing Bitcoin price It is possible to face volatility near a key support level.
🔥 According to CoinDesk, El Salvador, under the leadership of the country’s president, Nayib Bukele, apparently has no intention of stopping the accumulation of bitcoin, regardless of the demands of the International Monetary Fund (IMF).
🔥 According to The Block, the U.S. government disclosed in an announcement that dozens of Bitcoin (BTC) and Monero (XMR) addresses had been added to its entity sanctions list.
🔥CryptoQuant CEO OKi Young Ju said the Bitcoin market is likely to remain depressed until U.S. market sentiment improves. At present, the on-chain activity is not significant, and the key indicators are neutral, indicating that the bull cycle is still continuing.
🔥 In response to Mike Alfred’s previous rumors about “the Trump administration’s intention to announce a zero capital gains tax policy on crypto sales at Friday’s crypto summit,” Adam Cochran, a partner at Cinneamhain Ventures, said: “Mike blocked me because I repeatedly verified his authenticity, but that didn’t stop me. The president cannot unilaterally change the tax code. Only Congress can. This is one of the few congressional powers explicitly enshrined in the Constitution. Even if the president announces the decision, or tries to sign an utive order for it, it will not make it law. It’s no more effective than I claim to be a piece of cupcake. ”
🔥 According to The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick revealed that Trump will announce the Bitcoin (BTC) strategic reserve plan at the White House crypto summit, marking a major shift in U.S. crypto policy.
🔥 According to Interfax, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the National Welfare Fund, in particular, it will not add crypto assets to it - crypto assets are too volatile, and the current level of accumulation of the National Welfare Fund does not allow high-risk investments to be considered.
🔥 According to Crypto Briefing, Coinbase is giving a renewed push to tokenize its stock COIN as part of a broader effort to introduce security tokens to the U.S. market.
🔥 BioNexus Gene Lab Corp. (NASDAQ:BGLC), a technology company focused on technology innovation and healthcare, announced that its board of directors has formally approved the company’s new Ethereum-focused financial strategy, Globenewswire reported.
🔥 According to Fox Business News reporter Eleanor Terrett, a group of U.S. House Republicans, including Tom Emmer and Bryan Steil, hosted a “Crypto Power Luncheon” this afternoon to discuss digital asset policy initiatives and related legislation.
🔥 According to Unchained Crypto, White House sources revealed that Cardano co-founder Charles Hoskinson was not invited to attend Friday’s White House cryptocurrency summit.
🔥 According to the latest list of participants in the first White House crypto summit compiled by crypto KOL “”The Wolf of All Streets” on the X platform, in addition to the previously disclosed utives of Coinbase, Robinhood and other companies, the latest confirmed attendees include Crypto.com CEO Kris Marszalek and Ripple CEO Brad Garlinghouse.
🔥 According to The Block, lending protocol Aave is planning to create a savings product called “sGHO” around its native stablecoin GHO and a new “Aave savings rate”.

Regulatory & Macro Policies

🔥According to Cryptonews, Colombian Senator Gustavo Moreno and Congressional 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 cryptocurrencies during a meeting of the House of Representatives Budget Committee (inheritance tax + income tax + resident tax = 110%). He stated that under current laws, this situation could indeed exist and that the tax rate “is not limited to cryptocurrencies” 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 announcement of Kraken, 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 the business model of Kraken is not affected.

🔥According to the utive Policy Statement released by the White House Office of Management and Budget (OMB), the U.S. government supports S.J. Res. 3, a bill initiated by Senator Ted Cruz and others aimed at overturning the IRS rule on ‘Broker Reporting of Digital Asset Sales’.

🔥According to CoinDesk, on Tuesday, the U.S. Senate successfully passed a resolution with strong support from many Democrats aimed at repealing the Biden administration’s cryptocurrency tax rules, which could be the biggest obstacle to eliminating the IRS’s new broker rules (originally intended 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, staff members of the cryptocurrency working group met separately with representatives of Circle Internet Financial, LLC, as well as representatives of WisdomTree Digital Management, Inc. and its affiliates, to discuss methods to address regulatory issues related to cryptocurrency assets.

🔥According to Decrypt, Chief Prosecutor investigating Argentine President Javier Milei’s alleged involvement in the LIBRA scandal has requested to freeze around $100 million in encryption assets related to the case and restore 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), stated that staff from the 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 trend of the cryptocurrency market, which was declining, has shown signs of warming up. However, most mainstream currencies still exhibit a volatile trend of rapid ups and downs in the short term. The market has not yet entered a clear warming cycle. Many mainstream currencies still show a continuous downward trend. Overall, the possibility of a rapid warming in the market in the short term is low in the near future, and there is still a trend of further decline, which is not optimistic overall.

⭐️This week, the ADA’s rise in the encryption market ranks first among mainstream currencies, but in fact, the increase of this currency has not reached a high level. It is mainly influenced by Trump’s statement. The currency has experienced a rapid short-term rise, with a weekly increase of around 35%. The current price is maintained around $0.89. Currently, it shows a relatively clear trend of continuous oscillation, with a certain downward trend. It is expected that the subsequent short-term fluctuations will remain within a small range.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Source: TradingView)
Within this week, the price of BTC presented a stable trend after the opening, with a rapid warming trend in the short term as Trump’s war reserve statement on encryption currency was released. However, a more obvious decline appeared in the middle of the week, followed by an upward trend adjustment. BTC price quickly returned above $90,000 in a short period of time, but currently fell below $90,000 again, maintaining around $88,500. The price of BTC showed a continuous rise and fall trend for most of the week, with the possibility of further decline and trend, depending on significant changes in the overall market trend and the influence of external policy factors.

Ethereum (ETH)

(Data Source: TradingView)
ETH’s price trend this week is similar to BTC’s, mainly influenced by Trump’s statement. There was a clear short-term uptrend at the opening session. However, after a price drop in the middle of the week, it failed to achieve a significant increase. Nevertheless, the overall trend is similar, with significant fluctuations throughout the week. Currently, the ETH price is around $2200, fluctuating within a small range. The highest price of ETH for the week is around $2550. It is expected that there will be a new round of price fluctuations over the weekend, with a high probability of maintaining the current range of ups and downs.

Web3 Project Trend

This week, the total market value of most of the seven categories of projects has maintained a downward trend, with most of the track market showing a slight decline compared to the same period last week. The overall market is currently mainly affected by factors in the news, and there is still a possibility of further decline in the short term. However, there may be a significant rebound in the market influenced by external information.