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VIPBitget VIP Weekly Research InsightsIn 2025, the stablecoin market shows strong signs of growth. Research indicates that the market cap of USD-pegged stablecoins has surged 46% year-over-year, with total trading volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions in 2024. The average circulating supply is also up 28% from the previous year, reflecting sustained market demand. Once used primarily for crypto trading and DeFi collateral, stablecoins are now expanding into cross-border payments and real-world asset management, reinforcing their growing importance in the global financial system. More banks and enterprises are starting to issue their own stablecoins. Standard Chartered launched an HKD-backed stablecoin, and PayPal issued PYUSD. The CEO of Bank of America has expressed interest in launching a stablecoin once regulations permit (via CNBC). Fidelity is developing its own USD stablecoin, while JPMorgan Chase and Bank of America plan to follow suit when market conditions stabilize. Meanwhile, World Liberty Financial (backed by the Trump family) has introduced USD1, backed by assets such as government bonds and cash.
VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 13:13Analysis: $100,000 Psychological Barrier Prompts BTC Traders to Take Profits, Potential Consolidation Period After Profit Lock-inAccording to a report by Jinse Finance, Bitcoin rose consecutively on Wednesday and Thursday. eToro market analyst Josh Gilbert stated that the market has clearly shifted towards a more risk-preferred tone over the past week, with trade tensions seemingly easing and Trump's indication of willingness to negotiate helping to boost sentiment for risk assets, especially Bitcoin. BTC Markets cryptocurrency analyst Rachael Lucas believes that psychologically significant round numbers like $100,000 often prompt short-term profit-taking, and after traders lock in profits, a consolidation period may follow.
- 13:13Bitcoin Holdings Strategy Currently Has Unrealized Gains Exceeding $19.3 BillionAccording to a report by Jinse Finance, as Bitcoin briefly surpassed $104,000 and is now reported at $103,300, Strategy (formerly MicroStrategy) has an unrealized gain of $19.301 billion on its Bitcoin holdings. As of May 4, 2025, Strategy holds 555,450 Bitcoins, with a total purchase price of approximately $38.08 billion, averaging about $68,550 per Bitcoin.
- 13:13CryptoQuant Analyst: Bull-Bear Market Cycle Indicator Shows Bullish Signal for the First Time in WeeksOdaily Planet Daily News: CryptoQuant analyst Burak Kesmeci stated that since February 24, 2024, CryptoQuant's bull-bear market cycle indicator has consistently signaled a bear market. However, in recent days, the indicator has begun to show signs of a potential trend reversal.With Bitcoin returning above $100,000, the indicator has shown a bullish signal for the first time in weeks. Although this signal is currently still weak (with a coefficient of 0.029), the positive shift itself is a positive sign.More importantly, the bull-bear 30-day moving average (30DMA) has started to trend upwards. If this indicator crosses above the bull-bear 365-day moving average (365DMA), history suggests that Bitcoin may once again experience a parabolic rise.