[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/article/1740404336ann_en.webp) Gate Research Daily Report: Bitcoin has fallen below the $97,000 support level, and Ethereum dropped by 1.04% due to the Bybit hack. Pump.fun's self-developed AMM has shaken the Raydium ecosystem, while Berachain's cross-chain bridge saw over $85.47 million in funds flow in the past 7 days. Popular tokens such as Forta, Quai Network, and SpaceN have surged strongly. The stablecoin market capitalization has surpassed $22.65 billion, and market sentiment is leaning towards a wait-and-see approach. **Market Analysis**: Bitcoin's price declined by 0.75% to $95,761.1, while Ethereum's price dropped by 1.04% to $2,752.3. **Top Performers**: The top performing altcoins in the last 24 hours are FORT, QUAI, and SN, which rose by 66.62%, 51.61%, and 33.59%, respectively. **Data Highlights**: Berachain's cross-chain bridge saw inflows of $85.47 million over the past 7 days. **Spotlight Analysis**: Pump.fun tested its own AMM (Automated Market Maker), causing the price of RAY, the token of long-time partner DEX Raydium, to drop sharply. **Market Opportunities**: Primus Labs is leveraging IZK (Interval Zero Knowledge) and MPC (Multi-Party Computation) technologies to bring off-chain data on-chain, ensuring data privacy and compliance while promoting the development of decentralized credit protocols. The company has raised $6.5 million in seed funding. Explore today's details → Gate Research: Largest Crypto Hack in History Causes $1.5B Loss; Pump.fun AMM Test Triggers 20% RAY Crash **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 3,700 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 24, 2025