gate Research Institute: Michael Saylor releases 'BTC 21 Rules', Dolomite TVL surpasses 7.35 billion US dollars

Summary

• Bitcoin price rose by 0.09% to $96,230.5, and Ethereum price rose by 1.76% to $2,729.33.
• Dolomite TVL breaks through 7.35 billion U.S. dollars, hitting a record high.
• Circle expands USDC minting on Solana, driving ecosystem growth.
• Michael Saylor released the ‘Bitcoin 21 Rules’.
• DWF Labs partner announces the launch of synthetic US dollar protocol Falcon Finance.
• Brevan Howard Digital deploys $20 million in Kinto, accelerating traditional finance’s layout in DeFi.

Market Review

• BTC - The price of BTC has risen by 0.09% in the past 24 hours, and the current price is $96,230.5. After testing the support level near $95,000, the BTC price received temporary support and rebounded. Currently, the BTC price is oscillating within a wide range, with the range price roughly between $98,500 and $94,000. The overall trading volume temporarily rebounded when testing the downside, but it remains low. Market sentiment is cautious, and if there is no breakthrough above the resistance level in the short term, it may continue to test the bottom.[1]

• ETH - The ETH price has risen by 1.76% in the past 24 hours, currently priced at $2,729.33. The ETH price is in a consolidation phase, with short-term support at $2,700-2,730 and resistance at $2,800-2,850. If it breaks through and stabilizes above $2,800, it may return to an upward trend; if it falls below short-term support, it may further pull back to test support near $2,600.

• Shanzhai Coin —— Layer2, NFT, Payment Solution and other sectors have changed by +7.0%, +3.1%, +0.9% respectively.【3】
• Spot Gold - The spot gold price is at $2,889.03 per ounce, up 0.20% intraday. Data as of 12:00 PM UTC+8 on February 18 (.【4】
• **US Dollar Index **- On February 17, the US Dollar Index was 106.95, up 0.22%. Data as of 12:00 PM UTC+8 on February 18 ).【5】
• Fear and Greed Index - Fear and Greed Index 47, showing the market is in a normal state.【6】

Popular Tokens

According to Gate.io market data【7】, combined with the recent 24-hour trading volume and price performance, the following popular altcoins are as follows:

**ZBCN (Zebec Protocol) **- The single-day increase is about 22.15%, with a market capitalization of $1.15 billion.

Zebec Network is a streaming payment protocol based on the Solana blockchain, aimed at providing real-time, continuous, and programmable fund flow solutions. Mainly driven by increasing market demand, ecosystem expansion, and market sentiment, Zebec, as a real-time payment protocol based on Solana, is attracting more attention from users and developers, with its applications in the DeFi, NFT, and gaming fields continuously expanding. In addition, with the overall warming up of the crypto market and investors’ growing interest in emerging projects, the ZBCN price is further pushed up.

IP (Story Network) - Daily increase of about 18.61%, with a market capitalization of 4.8 billion US dollars.

Story Protocol is a Layer1 blockchain protocol designed to help creators tokenize their intellectual property (IP). The protocol allows creators to transform artworks, music, AI-generated content, and other IP into programmable assets for authorization, derivative works, and monetization. IP tokens, as the native token of Story Protocol, are used to pay for on-chain transaction fees, stake to ensure network security, and participate in governance decisions.

In terms of token allocation, the total supply of IP is 1 billion, with 58.4% allocated to the community, including the ecosystem and community, foundation, and initial incentives. After IP tokens were listed on multiple centralized exchanges, the price once soared by over 80%, demonstrating strong market demand. In addition, IP tokens will be used for staking, paying Gas fees, and governance functions. These factors may boost market confidence in IP tokens and drive up their price.

S (Sonic) —— Single-day increase of approximately 12.9%, with a market capitalization of 17.91 billion US dollars.

Sonic SVM is the first Solana Virtual Machine (SVM) Layer2 network in the Solana ecosystem, designed to provide a high-speed, low-cost transaction environment for games and other decentralized applications. Its native token SONIC plays a key role in platform operations, including network security, governance participation, and in-game transactions.

The recent rise may be attributed to its technical upgrades and the expansion of strategic partnerships. Sonic focuses on high concurrency and low latency chain gaming experience, aiming to enhance user experience. In addition, through cooperation with TikTok, Sonic has successfully attracted more users to participate in its ecosystem by leveraging its massive user base. These factors have collectively driven the rise in the price of Sonic tokens.

Highlights Data

Dolomite TVL reached 7.35 billion USD, hitting a new all-time high

Dolomite TVL reached $7.35 billion on February 18, hitting a record high, demonstrating its strong growth momentum in the DeFi space. As a decentralized financial platform, Dolomite offers a variety of financial services, including lending, trading, and asset management, attracting a large influx of users and funds. The continuous growth of its TVL reflects users’ trust in its platform functionality and security. After Dolomite was launched on Berachain on February 7, its ecosystem may have attracted more funds due to its BERA token’s annualized yield of up to 28%.

Circle is minting USDC on Solana to scale up, driving ecosystem development

According to OnchainLens monitoring, Circle added 2.5 billion USDC on the Solana blockchain on February 18, bringing the total minting volume on Solana by 2025 to 72.5 billion. This trend demonstrates Solana’s increasing influence in the stablecoin market, potentially attracting more stablecoin issuers to deploy on it. The widespread issuance of USDC provides ample liquidity for decentralized finance (DeFi) and other applications on the Solana network, promoting the prosperity of the ecosystem. With the continuous increase in USDC supply, transactions and payments on Solana will become more convenient, attracting more developers and projects to join the ecosystem.

It is worth noting that the total market value of USDC is steadily increasing, and the current circulation supply has reached about 56.5 billion US dollars. This indicates that USDC, as a stablecoin, occupies an important position in the cryptocurrency market, and its widespread application on multiple blockchains further consolidates its market influence.

Bitcoin miners have sold more than 2,000 BTC in the past week

According to CryptoQuant data, Bitcoin miners’ reserves have decreased by over 2,000 BTC in the past week. The decrease in miners’ reserves may indicate that miners are selling their Bitcoin holdings to cope with operating costs or market fluctuations. Such behavior may have an impact on market supply and demand dynamics, thereby affecting the price trend of Bitcoin. Investors should closely monitor miners’ movements to assess potential market risks and opportunities.

Hotspot Comments

Michael Saylor releases ‘Bitcoin 21 Rules,’ emphasizing the unique value of Bitcoin

Strategy (formerly known as MicroStrategy) founder Michael Saylor summarized the ‘21 rules of Bitcoin’ in a tweet. These rules emphasize the uniqueness and future importance of Bitcoin, including that those who understand Bitcoin will buy Bitcoin, while those who do not will criticize it; learning about Bitcoin is endless, and Bitcoin is driven by chaos; Bitcoin is the only ‘casino game’ where we can all win; Bitcoin is the only thing you can truly own. In addition, he mentioned that the funds used to buy Bitcoin should be the part you ‘cannot afford to lose’, and Bitcoin is open to everyone but requires the ability to think and understand. He calls for respect for Bitcoin and spreading Bitcoin with love.

Michael Saylor’s “Bitcoin 21 Rules” reinforces the narrative of Bitcoin as the “ultimate value store,” which may intensify the trend of institutions viewing it as a defensive asset on their balance sheets. Additionally, this move may drive regulators to pay more attention to investor education.

DWF Labs partner announces the launch of synthetic USD protocol Falcon Finance

DWF Labs partner Andrei Grachev announced that the synthetic USD protocol Falcon Finance will be launched on February 18th. The protocol is backed by a variety of assets, adopts hedging and Farming systems, aiming to increase returns and stability. Its native stablecoin USDf is also about to be launched. The uniqueness of Falcon Finance lies in its multi-asset collateral mechanism, allowing users to use a variety of digital assets as collateral to mint USDf stablecoins. In addition, the built-in hedging strategies and Farming system in the protocol allow users to manage risks while obtaining higher returns. This design aims to provide users with a more flexible and secure stablecoin solution.

Brevan Howard Digital deploys $20 million in Kinto, accelerating traditional finance’s layout in DeFi

Global investment management company Brevan Howard Digital’s Abu Dhabi branch has deployed $20 million in assets to the Ethereum Layer2 network Kinto, participating in its on-chain financial ecosystem. Kinto is a decentralized finance (DeFi) platform based on Ethereum, integrating compliance features such as KYC and Anti-Money Laundering (AML) at the blockchain level, aiming to help regulated financial institutions participate in the DeFi ecosystem. Kinto’s CEO and co-founder Ramon Recuero stated that the platform will run a ten-year mining incentive program, where participants can earn token rewards by depositing assets on-chain. Additionally, Kinto offers smart contract wallets with default insurance and security enhancements, further reducing the barrier for institutional participation. The mining program of Kinto rewards participants by depositing assets and will gradually distribute rewards over the next 10 years. Brevan Howard Digital is one of the first traditional financial institutions to participate in this program using digital assets.

Airdrop Opportunity

( Nomisma

Nomisma is a DeFAI platform driven by artificial intelligence, a Layer1 subchain in the Chromia ecosystem. By leveraging the powerful features of relational blockchain technology, Nomisma aims to address the limitations of traditional blockchains, such as high Gas fees, front-running transactions (MEV), and limited on-chain data processing capabilities. [14]

The Nomisma testnet will be launched in Q1 2025. Users can participate in ecosystem construction through social tasks, trading competitions, and pre-staking, and qualify for token airdrops. The testnet phase is a critical period for seizing early tokens, and active users will receive formal tokens when the mainnet is launched in Q2 2025. At the same time, the staking reward mechanism will also be activated to provide additional income for long-term holders. Participating in test tasks early not only accumulates airdrops, but also seizes the opportunity at the launch of the mainnet to maximize token distribution.

Participation method:

1. Visit the official website and link your wallet.【15】
2. Complete daily check-in to earn 250 Npoints.
3. Complete the specified social tasks.
4. Invite friends to participate in Nomisma and earn 500 Npoints at a time.

Tip: Airdrop plans and participation methods may be updated at any time. Users are advised to follow Nomisma’s official channels for the latest information. At the same time, users should participate cautiously, be aware of risks, and conduct thorough research before participating. Gate.io does not guarantee subsequent airdrop rewards distribution.
Reference materials:

1. Gate.io, [https://www.gate.io/trade/BTC_USDT])https://www.gate.io/trade/BTC_USDT###
2. Gate.io,https://www.gate.io/trade/ETH_USDT
3. CoinGecko,https://www.coingecko.com/en/categories
4. Investing,https://investing.com/currencies/xau-usd
5. Investing,https://cn.investing.com/indices/usdollar
6. Gate.io,https://www.gate.io/bigdata
7. Gate.io,https://www.gate.io/price
8. Defillama,https://defillama.com/protocol/dolomite
9. X,https://x.com/OnchainLens/status/1891651355129020693
10. X,https://x.com/ali_charts/status/1891639264867385596
11. X,https://x.com/saylor/status/1891492169409593715
12. X,https://x.com/ag_dwf/status/1891665352875995177
13. Coindesk,https://www.coindesk.com/business/2025/02/17/brevan-howard-digital-deploys-usd20m-on-ethereum-based-kinto-in-institutional-defi-push
14. X,https://x.com/NomismaNetwork
15. Nomisma,https://nomisma.network/quests

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