[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1739531977ann_en.webp) Gate Research Daily Report: On February 14, BTC and ETH both dropped, influenced by the stronger-than-expected US January CPI data, putting pressure on the market with a bearish short-term outlook. Among altcoins, sectors like Payment Solutions, PolitiFi, and Wallets saw significant gains. Ethereum's staking rate dropped to 27%, the lowest since July 2024. The US SEC has accepted Grayscale's application to convert its XRP trust into an ETF. The OpenSea Foundation announced the launch of the SEA token and the rollout of the OS2 beta platform. GameStop is considering investing in Bitcoin and other cryptocurrencies, with its stock price soaring after hours. **Market Analysis**: Both BTC and ETH dropped following the unexpected rise in the U.S. January CPI data, putting pressure on the market and leading to a weaker short-term outlook. **Top Performers**: The top-performing popular altcoins in the past 24 hours were DOGI, SHELL, and A8, which rose by 26.33%, 77.05%, and 16.36%, respectively. **Data Highlights**: Ethereum's staking ratio has decreased to 27%, marking the lowest level since July 2024. **Spotlight Analysis**: The U.S. SEC has accepted Grayscale's application to convert its XRP Trust into an ETF; GameStop is considering investing in Bitcoin and cryptocurrency, with its stock price surging after hours. **Market Opportunities**: Plasma plans to launch a blockchain network based on Bitcoin's blockchain with a unique consensus mechanism, focusing on optimizing stablecoin transaction efficiency. It has already raised $24 million in funding. Explore today's details 👉🏻 Gate Research: OpenSea Foundation to Launch SEA Token, SEC Considers Grayscale's Application for XRP Trust ETF **Gate Research** Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis. Click the Link to learn more *Disclaimer This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit some or all services for users from restricted regions. For more information, please read the User Agreement at: https://www.gate.io/user-agreement. Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.* **Gateway to Crypto** Trade over 3,600 cryptocurrencies safely, quickly, and easily on Gate • Visit our Official Website • Download Gate App / Web now • Follow us on Gate X (Twitter) to get more bonuses • Join our Telegram to discuss hot topics • Join our Global Community to get more updates • We provide 100% proof of reserve • Sign up to enjoy max. $10,000 in rewards exclusively for new users • Get 40% commission from referrals Gate Team February 14, 2025