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In Brief The focus in the crypto market shifts from Bitcoin to altcoins PENGU, HBAR, and XLM. PENGU leads with an 85% weekly surge due to strategic developments. HBAR and XLM witness significant rallies supported by institutional interest.
In Brief Fedwire adopts ISO 20022, boosting cross-border payment efficiency. Coins like XRP, ADA, and XLM align with the new standard. Transition presents strategic opportunities for compatible altcoin networks.
VIPBitget VIP Weekly Research InsightsAs markets begin pricing in expectations of rate cuts, on-chain trading volume continues to grow. Pump.fun is preparing to launch its token, while Letsbonk.fun is gaining momentum. For the first time last week, its number of daily token launches and "graduated" projects surpassed Pump.fun, ending Pump.fun's dominance in the memecoin launchpad space since early 2024. The wealth effect generated by Letsbonk.fun's ecosystem has also been significant. Meanwhile, the growing maturity of hybrid "spot + on-chain" products on major centralized exchanges (CEXs) is helping build strong momentum for on-chain market activity. Since the memecoin craze driven by celebrities and political figures earlier this year, market liquidity has gradually recovered from near-dry conditions. The upcoming token launch on Pump.fun may spark renewed ecosystem-level competition among launchpad platforms, generating sustained speculative momentum that continues to benefit the broader Solana ecosystem.
