Gate.io Weekly Report: This week, BTC PA entered a descending triangle, and ETH briefly fell below $2,100 before entering a consolidation phase. The U.S. Senate Committee approved the nomination of Howard Lutnick as U.S. Secretary of Commerce. The FDIC issued documents related to the supervision of encryption activities. The increase in BTC mining difficulty resulted in a decrease in production for most mining companies in January. The total amount of stablecoin exceeded $220.9 billion. Storm Trade TVL rose by 26.77% in the past 7 days, reaching $33.96 million. Ionic platform suffered a hacker attack, with $8.6 million funds stolen and security audit concerns.