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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.
- 19:02WTO Director-General: US Tariff Measures Pose Challenges to Global TradeOn the 13th in Tokyo, Japan, World Trade Organization Director-General Iweala stated that the U.S. tariff measures pose a challenge to global trade. According to Bloomberg News, Iweala mentioned during a meeting with Japanese Prime Minister Shigeru Ishiba in Tokyo that the current trade sector is facing very severe conditions, but there are also many opportunities, which should be used as a chance to address challenges. Additionally, according to the Japan Broadcasting Corporation, Iweala and Ishiba agreed on the necessity of working together to address issues such as the defects in the WTO dispute resolution mechanism and to restore the cohesion of the WTO.
- 18:49Crypto Stocks Rise as U.S. Inflation Eases, Analysts Anticipate "Catch-up Rally"The U.S. Consumer Price Index (CPI) for April fell to 2.3%, slightly below the expected 2.4%, while the core CPI remained unchanged at 2.8%, in line with market expectations. This marks the lowest inflation rate in four years and the third consecutive month of decline. David Hernandez believes the report indicates that "the economy seems to be performing strongly," despite price pressures from tariffs. He stated that the Federal Reserve's 2% inflation target seems increasingly achievable, which may influence upcoming interest rate decisions. Coinbase's stock price surged by 16% after the U.S. stock market opened that day, leading to an overall rebound in cryptocurrency-related stocks, with Bitcoin and Ethereum prices also recovering. However, on May 13, the cryptocurrency market as a whole fell by about 3.4% due to profit-taking. Analysts believe this trend reflects the blockchain industry's stocks rebounding from the latest trade tensions.
- 18:17Data: Abraxas Capital purchased 33,482 ETH again in the past 12 hoursAccording to Lookonchain monitoring, Abraxas Capital has purchased an additional 33,482 ETH ($84.7 million) in the past 12 hours, bringing its total purchases over the past 6 days to 211,030 ETH ($477.6 million).