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VIPBitget VIP Weekly Research Insights

US initial claims for unemployment insurance and the unemployment rate are being released this week, key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.

Bitget·2024/09/06 06:01

VIPBitget VIP Weekly Research Insights

On August 12, the TRON ecosystem DEX, SUN.io, launched Sun Pump, the ecosystem's first memecoin issuance platform. Its goal is to provide creators with a convenient and cost-effective token issuance solution. As of August 21, Sun Pump has surpassed pump.fun in revenue and the number of new tokens issued. Some Meme coins issued on Sun Pump have shown astonishing performance. For example, SUNDOG increased by 10,156 times within 5 days and 8 hours of its creation, and FOFAR increased by 6176 times in 4 days and 6 hours. These skyrocketing memecoins have attracted significant attention from investors.

Bitget·2024/08/30 06:17

VIPBitget VIP Weekly Research Insights

Since Q2 2024, despite the overall decline in the cryptocurrency market, one ecosystem has bucked the trend and delivered exceptional returns—the TON ecosystem. The price of TON has surged by over 3.5x since the beginning of the year and is currently fluctuating around $7, near its all-time high. Backed by Telegram's nearly 1 billion users, the TON ecosystem has developed a range of unique applications that have recently become a focal point within the community.

Bitget·2024/08/23 06:38

VIPBitget VIP Weekly Research Insights

The uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)

Bitget·2024/08/16 06:25

VIPBitget VIP Weekly Research Insights

As global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralized exchanges can offer low-risk returns despite market volatility by utilizing diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.

Bitget·2024/08/09 06:41

VIPBitget VIP Weekly Research Insights

On July 27 (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.

Bitget·2024/08/02 02:54

VIPBitget VIP Weekly Research Insights (7.26)

In the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, becoming a strength eco-project worth focusing on.

Bitget·2024/07/26 08:45

Recommended high-quality projects for major clients (July 10) — Ethereum ecosystem assets

Bitget·2024/07/10 06:46

Recommended high-quality projects for major clients (June 25) — Bitget Earn projects

Bitget·2024/06/25 05:51

Recommended high-quality projects for major clients (June 12) — On-chain Earn projects

Bitget·2024/06/17 08:36

Flash

07:01

There is a 30% probability that bitcoin will fall below $80,000 before the end of June.

Data from decentralized exchanges shows that bitcoin may experience a deeper price drop in the coming months, with a 30% probability of falling below $80,000.

06:59

Hong Kong securities industry groups oppose tightening crypto asset management license regulations

According to Odaily, the Hong Kong Securities and Futures Practitioners Association (HKSFPA), a securities industry group in Hong Kong, has submitted its comments to regulators regarding the proposed regulatory framework for digital asset management in Hong Kong, opposing several tightening measures. HKSFPA mainly objects to the cancellation of the current "de minimis" arrangement. Under the current rules, institutions holding a Type 9 license (asset management) can allocate up to 10% of their total fund assets to crypto assets after reporting to the regulator, without the need to apply for an additional virtual asset management license. The proposed plan intends to remove this threshold, meaning that even allocating just 1% to bitcoin would require obtaining a full virtual asset management license. HKSFPA points out that this "all or nothing" regulatory approach is disproportionate and could result in significant compliance costs even when risk exposure is limited, thereby discouraging traditional asset management institutions from attempting to enter the crypto asset sector. In addition, HKSFPA has raised objections to the proposed custody requirements. The proposal requires virtual asset managers to use only SFC-licensed custodians for asset custody. The association stated that this requirement is unrealistic in the fields of early-stage token investment and Web3 venture capital, and could restrict local institutions in Hong Kong from conducting related business. At the same time, HKSFPA expressed support for allowing self-custody and the use of qualified overseas custodians when serving professional investors. According to reports, the above regulatory recommendations have entered the advancement stage. Hong Kong authorities have previously published a consultation summary on the relevant proposals and have launched a new round of consultation on the licensing regime for crypto asset trading, advisory, and management services. (The Block)

06:54

How much is the Solana phone SKR airdrop worth? A preview before tomorrow's TGE

BlockBeats News, January 20, Solana Mobile will officially open the SKR token airdrop claim at 10:00 on January 21 (UTC+8). According to community feedback, users who have received the phone but have not interacted can receive the lowest tier airdrop of 5,000 tokens, while users who interact once can receive the 10,000 token tier. Higher tier airdrops require frequent interaction with built-in Dapps. The five airdrop tiers are 5,000, 10,000, 40,000, 125,000, and up to 750,000 tokens. This airdrop will distribute nearly 2 billions SKR to the community, of which about 1.82 billions SKR will be allocated to 100,908 users, and 141 millions SKR will be allocated to 188 developers. According to pre-market data from Whales Market, the current pre-market trading price of SKR is $0.0165, with a 24-hour drop of 7.5%, corresponding to a fully diluted market cap of $165 millions. The crypto community holds differing views on the final valuation of SKR after its launch, but the general optimistic expectation is that the token price will be between $0.02 and $0.04, higher than the current pre-market price. Some community opinions are as follows: Crypto analyst 7de9 stated that the pre-market pricing on Whales Market is completely wrong, and a FDV of $165 millions is simply a joke. He estimates the minimum market cap should be between $400 millions and $600 millions. SKR is not just an interaction reward, but also plays a governance and participation role across the entire Solana Mobile platform. Solana ecosystem veteran investor Marino holds a more neutral view, believing that the token price at TGE should be around $0.02, neither high nor low, which can balance market speculation without causing excessive selling pressure. A lower FDV is conducive to organic growth, and SKR will eventually be positioned as "Solana's secondary token." Well-known DeFi researcher InfoSpace OG is somewhat disappointed, stating that the average SKR airdrop allocation is between 10,000 and 18,000 tokens. Calculated at the pre-market price, this is worth $130 to $230. Don't forget that users spent $450-600 to purchase the phone at launch. Honestly, the price is a bit low.

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