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VIPBitget VIP Weekly Research InsightsAI, blockchain technology, and bioscience are regarded as three transformative technologies of the 21st century. Projects that integrate AI and blockchain are gaining momentum, attracting substantial interest from institutional investors in the primary market and participants in the secondary market. In a bullish market environment, numerous quality projects are expected to emerge. Google recently unveiled its quantum computing chip Willow, while OpenAI officially launched the video generation tool Sora, bringing AI projects back into the spotlight.
VIPBitget VIP Weekly Research InsightsOver the past year, the performance of ETH and its ecosystem has been underwhelming, with the ETH/BTC ratio down by 30% year-to-date. However, it's important to note that BTC has faced a monthly-level correction after hitting resistance at $100,000, while Solana's DEX volumes have seen a significant decline. These shifts suggest that capital is starting to flow back into the ETH ecosystem, with whales quietly accumulating assets over the past year. Several promising projects within the ETH ecosystem and on EVM chains are worth highlighting.
VIPBitget VIP Weekly Research InsightsAs the regulatory landscape for DeFi and cryptocurrencies in the United States becomes clearer, top-performing DeFi projects with strong profitability are poised to give their tokens genuine value. This could involve using a portion of their profits for token buybacks or directly distributing profits to token holders. If these proposals are implemented, the valuations of these DeFi projects could experience significant upward adjustments. Early market interest has already emerged, making these projects worth investors' attention.
VIPBitget VIP Weekly Research InsightsLast week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.
VIPBitget VIP Weekly Research InsightsAptos and Sui, two new public blockchain projects developed with the Move programming language, have recently garnered significant attention in the secondary market. Sui led the way with a steady price increase since early August, up sixfold in three months. Aptos has since followed, driven by ongoing support from the Aptos Foundation. Both Move-based projects have presented notable trading opportunities over the past quarter.
VIPBitget VIP Weekly Research InsightsThe Solana ecosystem has shown remarkable performance this year. The 24-hour trading volume on Solana's DEXs frequently surpasses that of Ethereum, and the SOL/ETH exchange rate has steadily risen. Coinbase's recent Q3 earnings report revealed that SOL now accounts for 11% of its trading revenue, highlighting users' strong interest in trading SOL. During this market cycle, it can be advantageous to hold SOL positions. Additionally, holding SOL-based LSTs allows you to earn annualized returns that are denominated in SOL. Bitget has partnered with Solayer, Orca, Save, and Kamino to launch BGSOL, and will work to expand BGSOL's applications. With the support from Bitget, BGSOL currently offers the highest APR among SOL-based LSTs.
VIPBitget VIP Weekly Research InsightsThe AI agent concept has recently gained significant traction in the crypto space, particularly AI agent memecoins. Moving beyond theoretical ideas, AI agents are now being applied across various fields, including autonomous execution of transactions on the blockchain, complex analytics, and even automating everyday tasks. Overall, the AI agent trend in crypto demonstrates considerable growth potential and technological innovation. However, investors and tech enthusiasts are advised to balance enthusiasm with rational assessment, focusing on genuine progress and practical applications of these projects. This articles recommends two projects, VIRTUAL and OLAS, both showcasing substantial advancements and real-world use cases with strong market support.
VIPBitget VIP Weekly Research InsightsMemecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
VIPBitget VIP Weekly Research InsightsRecently, as market liquidity recovers, the crypto market—led by key assets like BTC and ETH—has started to rebound. Leading DeFi assets have continued to update their products amid six months of market volatility, maintaining their market dominance and leading positions. With the upcoming U.S. presidential election, both candidates are likely to propose favorable policies regarding DeFi and Web3 applications, potentially bolstering the sector. As a result, leading DeFi assets are expected to benefit from an early boost in liquidity recovery and may outperform the broader market in the coming months.
- 02:51On the eve of Circle’s visit to South Korea, the Bank of Korea urges the National Assembly to regulate US dollar stablecoinsAccording to Jinse Finance, Han Ji-hoon – representing the Bank of Korea (hereinafter referred to as “BOK”) – has urged the National Assembly to strengthen regulations on US dollar stablecoins, citing concerns that their widespread adoption is threatening South Korea’s monetary sovereignty. Notably, this call comes as representatives from Circle, the primary issuer of the USDC stablecoin, are set to hold a series of meetings with senior executives from Korean commercial banks. The BOK emphasized, “The government and the National Assembly urgently need to revise relevant laws such as the Foreign Exchange Transactions Act.” The BOK is particularly concerned that the proliferation of US dollar stablecoins could trigger a phenomenon of “currency substitution,” thereby negatively impacting the effectiveness of monetary policy and monetary sovereignty. In addition, the BOK assessed, “The outflow of US dollars through stablecoins could also exacerbate instability in the foreign exchange market.”
- 02:46Data: Crypto Market Suffers Across the Board, ETH Falls Below $4,100, BTC Drops Below $113,000According to ChainCatcher, citing SoSoValue data, market sentiment remains subdued, with the entire crypto sector experiencing losses. Over the past 24 hours, most tokens have declined by approximately 2% to 6%. Ethereum (ETH) dropped 4.79%, falling below $4,100. Bitcoin (BTC) fell 2.69%, dropping below $113,000. The previously resilient PayFi sector declined 5.65%, with XRP and Telcoin (TEL) down 5.52% and 7.17% respectively, while Ultima (ULTIMA) surged 14.25%. In other sectors, the CeFi sector fell 2.29% over 24 hours, with one exchange seeing gains for a second consecutive day, rising another 5.76% during trading. The Layer1 sector dropped 3.35%, with Cardano (ADA) down 8.83%. The Layer2 sector declined 3.75%, but Mantle (MNT) spiked 5.51% intraday. The DeFi sector fell 4.25%, while Lido DAO (LDO) edged up 1.01%. The Meme sector dropped 5.25%, but MemeCore (M) bucked the trend, rising 6.91%. Indices reflecting historical sector performance show that the ssiNFT, ssiPayFi, and ssiMeme indices fell by 5.84%, 5.69%, and 5.36% respectively.
- 02:37Data: Radiant Capital attacker repurchased 2,109.5 ETH at a price of 4,096 in the past hourAccording to ChainCatcher, on-chain analyst Ember (@EmberCN) has monitored a series of recent Ethereum transactions by the Radiant Capital attacker. A week ago, the attacker sold 9,631 ETH at an average price of $4,562, receiving 43.937 million DAI. In the past hour, the attacker used 8.64 million DAI to repurchase 2,109.5 ETH at a price of $4,096. Currently, the address holds 14,436 ETH and 35.29 million DAI, with a total value of approximately $94.63 million—an increase of about $41.63 million compared to the $53 million obtained during last year's attack.