[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/article/1741182685ann_en.webp) 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) **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.io 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.io 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.io • Visit our Official Website • Download Gate.io App / Web now • Follow us on Gate.io 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.io Team March 5, 2025