Gate Research Daily Report: On March 5, Bitcoin price rose 4.32% to 87,733.4 USDT, while Ethereum price increased 5.35% to 2,182.01 USDT. Ondo Finance TVL surpassed $1 billion. Morph TVL exceeded $20 million. Solana network fees dropped to $1.16 million. USDC became the first USD stablecoin approved for use in Japan. In February, the market capitalization of 14 Bitcoin mining companies declined 22%. The White House supported repealing the crypto broker rule, signaling a potential turning point for DeFi regulation.
- Market Analysis: Bitcoin price rose 4.32% to 87,733.4 USDT, while Ethereum price increased 5.35% to 2,182.01 USDT.
- Top Performers: The top-performing altcoins in the past 24 hours were PURR, RLC, and SFM, rising 24.53%, 22.78%, and 79.37%, respectively.
- Data Highlights: Ondo Finance TVL surpassed $1 billion; Morph TVL exceeded $20 million.
- Spotlight Analysis: USDC became the first USD stablecoin approved for use in Japan.
- Market Opportunities: Flowdesk, offering market-making, liquidity provision, OTC trading, brokerage services, and asset management, has raised $102 million in funding.
Explore today's details → Gate Research: Ondo Finance TVL Surpasses $1B, USDC Becomes the First Approved USD Stablecoin in Japan)
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Gate Team
March 5, 2025
