Preface
Bitcoin and Ethereum have risen by 1.82% and 4.79%, respectively, in the past 24 hours, with current prices standing at $97,883 and $2,713, respectively, and the ETH/BTC exchange rate at 0.028. The Fear & Greed Index for the crypto market is at 50, indicating a neutral market sentiment.

Market Trending

The market dipped before rising yesterday, with macroeconomic pressures affecting Bitcoin’s price movements. The earlier released higher-than-expected CPI inflation data put downward pressure on the crypto market, triggering a short-term sell-off. However, Bitcoin found strong support at $94,000 and regained the $97,500 level. Major altcoins followed suit, with a general 5% increase.
Due to inflation concerns and changes in expectations around the Federal Reserve’s policies, Bitcoin faces short-term challenges. If Bitcoin can break through the resistance area at $98,500 with strong trading volume, the possibility of a push towards the psychological level of $100,000 will increase, maintaining a long-term bullish trajectory. Investors will closely monitor macroeconomic developments, especially signals from the Federal Reserve.
Among altcoins, the AI sector tokens have maintained an upward trend, increasing by 5% for three consecutive days. ARC and AVAAI have led the sector with over 20% gains on each of these days. Mainstream tokens such as VIRTUAL, AI16Z, and FARTCOIN are also recovering steadily, gradually returning to pre-crash levels. However, the Meme sector, which dominated the market in the previous round, has seen a significant loss, with over $23 billion evaporating in the difficult February, and many tokens recorded double-digit losses. DOGE, PEPE, and SHIB have fallen by 3.6%, 2.3%, and 6.5% respectively in the past week, and WIF continues its downward trend with a 28% loss.

Spot Bitcoin ETF Flows

The U.S. Bitcoin spot ETF saw a net outflow of $250.96 million yesterday, with the following funds experiencing outflows: IBIT - $22.04 million; BITB - $34.7 million; ARKB - $97.03 million; GBTC - $6.92 million.
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Daily Spotlight

Today’s spotlight is CAKE, which has risen by 45.1% in the past 24 hours.
PancakeSwap (CAKE) was launched in September 2020 as a decentralized exchange on the Binance Smart Chain (BSC) for swapping BEP20 tokens. It offers a range of unique features and products, including a decentralized exchange for token swaps, yield farming, staking options for CAKE tokens, Ethereum liquid staking, the interactive Pancake Protectors game, and a v3 position manager. PancakeSwap uses an automated market maker (AMM) model where users trade against liquidity pools. These pools are filled by liquidity providers (LPs) who deposit funds and receive LP tokens as rewards.
CAKE is the native token of PancakeSwap, and CAKE holders can participate in platform governance, including proposal submissions and voting on key decisions. They can also stake CAKE in liquidity pools to earn more CAKE or other token rewards.
With the recent surge in activity on the BSC chain, demand for token trading has skyrocketed, leading to a 45.1% price increase in the past 24 hours, with the current price at $2.826.
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The Word on the Street

Trump Appoints Crypto-Friendly Former Bitfury Executive Jonathan Gould to Lead OCC
U.S. President Donald Trump has appointed former blockchain executive Jonathan Gould to lead the Office of the Comptroller of the Currency (OCC). Gould previously served as Chief Legal Officer at Bitfury and, before that, as Senior Deputy Comptroller and Chief Counsel at OCC, which is responsible for regulating and supervising national banks and federal savings associations.
Ron Hammond, Senior Director of Government Relations at the Blockchain Association, stated that Jonathan Gould will be “in the best position to get started immediately.” Gould may follow in the footsteps of his predecessor Brian Brooks, who briefly served as CEO of Binance.US.
Hammond added, “Furthermore, his expertise in cryptocurrency ensures that the OCC will be able to engage substantively with Congress as they begin drafting legislation around stablecoins and market structure.”

Project Airdrop

Solayer Foundation has announced that the LAYER airdrop claim started at 20:00 on February 11th and will run for 30 days until 20:00 on March 4th, 2025.
The claim window is open to early and eligible community members. The Genesis Drop’s LAYER tokens will be unlocked immediately upon launch, with subsequent LAYER tokens becoming available in periodic releases over the next 6 months.
Users who do not claim their tokens during this period will forfeit them, and any unclaimed LAYER will be redistributed for future airdrops. Additionally, the official team is set to launch the hardware-accelerated SVM blockchain InfiniSVM, with testnet and mainnet expected to go live later this year, along with more community incentive programs.

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