[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1740061083ann_en.webp) **Gate Research Weekly Report: **This week, BTC found support at $93,500, while ETH entered an upward channel after testing $2,600. Gate formed a strategic partnership with Consensus-HK to pioneer Web3 music social networking. Under the MiCA regulation, the EU has authorized 10 companies to issue stablecoins. Canary Capital introduced the $AXL (Axelar) Trust fund. Berachain reached a milestone as its TVL surpassed $3 billion. Circle's on-chain fees grew to $35.39 million this week, while Ethereum network fees saw a 70% monthly decrease, reaching their lowest point since July 2020. **Market Analysis:** Following BTC's support at $93,500 and ETH's upward movement from $2,600, the market showed strength across several sectors. Payment Solutions led with a 33.2% increase in market cap, followed by Wallets at 18.3% and the Bittensor Ecosystem at 7.1% over the week. **Weekly Spotlights: **Gate's collaboration with Consensus Conference-HK aims to revolutionize Web3 music social networking. The EU's MiCA regulation achieved a milestone with ten companies receiving stablecoin issuance authorization. Following a $400,000 loss due to a security breach, Cardex has implemented enhanced protection measures. **Data Highlights:** Berachain achieved a new all-time high with its TVL exceeding $3 billion. Ethereum network fees have declined significantly, dropping 70% from the previous month to reach their lowest level since July 2020. **Market Opportunity:** KittenSwap stands out as this week's notable airdrop project. It features an innovative LIQUID token mechanism that boosts price through automatic token burns during transactions. The platform is launching a points program that will allocate 20% of KITTEN tokens in the form of veKITTEN. **What to Watch Next Week: **AI intelligence layer Rivalz Network will conduct its TGE on February 21; Solana Layer 2 gaming chain Sonic SVM's Mobius mainnet will officially launch on February 27; and on February 21, the U.S. will release the final University of Michigan Consumer Sentiment Index for February. Deep Dive into This Week's Review 👉🏻 **Gate Research: Berachain TVL Reaches $3B ATH; Gate & Consensus Pioneer Web3 Music Social Networking** **Gate Research** Gate Research is a comprehensive blockchain and cryptocurrency research platform that delivers in-depth content to readers. This includes technical analysis, hot topic insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis. Click here to visit now *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 all or part of its services from restricted regions. Please read the user agreement for more information at: https://www.gate.io/user-agreement. Cryptocurrency market investment involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.* **Gateway to Crypto** Trade over 3,700 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 reserves • Sign up to enjoy max. $10,000 in rewards exclusively for new users • Get 40% commission from referrals Gate Team February 20, 2025