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VIPBitget VIP Weekly Research InsightsSince 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.
TLDR: Additional airdrops and rewards worth $500,000 are on the horizon New partnerships and expanded opportunities for the CARV community Both seasoned members and newcomers can continue to enjoy these benefits throughout Q3 and 4
VIPBitget VIP Weekly Research InsightsThe 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.)
VIPBitget VIP Weekly Research InsightsAs 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.
VIPBitget VIP Weekly Research InsightsOn 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.
- 11:36ZachXBT: Circle team did not respond within 40 minutes of Infini being stolenOn-chain detective ZachXBT posted on platform X, saying: "Infini was robbed of about 50 million USDC, which were not all sold out in about 40 minutes. But where is Circle's 24/7 incident response team? Yes, I forgot they don't exist because Circle knowingly supports such activities."
- 11:35A certain whale deposited 14,977 Ethereum into CEX, valued at approximately 40.57 million US dollarsAccording to on-chain data analyst Lookonchain, a whale address has deposited 14,977 Ethereum (ETH) into CEX in the past 2 hours, worth about $40.57 million. Since March 20, 2024, this address has accumulated a deposit of 30,748 Ethereum into CEX at an average price of $2,939. Currently, this address holds 3,920 Ethereum valued at approximately $10.57 million.
- 11:33The Web3 Foundation proposes a 10 million DOT plan to boost ZK innovation and network sovereigntyThe Polkadot community is proceeding with the 498th Web3 Foundation proposal, aiming to allocate 10 million DOT from the treasury to consolidate Kusama as a primary hub for advanced Web3 technologies, including zero-knowledge (zk) innovation, art and identity proof experiments. This fulfills the pre-launch commitment of investing 1% of the original DOT supply (10 million DOT) to enhance Kusama's value proposition.