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Gate Research: BTC and ETH Drop Triggers Widespread Altcoin Decline; Dubai Approves USDC and EURC, Boosting Stablecoin Adoption
Advanced

Gate Research: BTC and ETH Drop Triggers Widespread Altcoin Decline; Dubai Approves USDC and EURC, Boosting Stablecoin Adoption

Gate Research Daily Report: On February 25, the price of Bitcoin dropped by 3.57% to $92,258.1, while Ethereum's price fell by 8.31% to $2,492.07. Berachain's Total Value Locked (TVL) surpassed $3.3 billion, overtaking Arbitrum and Base to become the sixth largest blockchain by TVL. The TVL of the Rings protocol exceeded $84 million, setting a new all-time high. South Dakota vetoed the Bitcoin treasury reserve bill. Ethereum's Pectra upgrade encountered issues on the Holesky testnet, failing to complete finality and impacting the mainnet deployment. The Dubai Financial Services Authority (DFSA) officially approved the USDC and EURC stablecoins, incorporating them into the cryptocurrency token regulatory framework.
2/25/2025, 2:46:00 PM
What is Altcoin Season?
Beginner

What is Altcoin Season?

Altcoin season is a unique phase full of high returns and high risks. By reading this article, you will quickly grasp the core concepts of altcoins, investment tools, investment value, and historical representative projects, helping you better seize opportunities and avoid risks during this period.
1/15/2025, 4:06:38 PM

Your Gateway to Crypto World, Subscribe to Gate for A New Perspective

Your Gateway to Crypto World, Subscribe to Gate for A New Perspective