News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
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.
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.
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.
VIPRecommended high-quality projects for major clients (July 10) — Ethereum ecosystem assets
VIPRecommended high-quality projects for major clients (June 25) — Bitget Earn projects 
VIPRecommended high-quality projects for major clients (June 12) — On-chain Earn projects
VIPRecommended high-quality projects for major clients — June 5
VIPRecommended high-quality projects for major clients — May 30- 13:04Opinion: Trump's push for the US to adopt strategic Bitcoin reserves could lead to "sovereign-level FOMO" in other countriesAccording to Kitco, macroeconomic expert and host of the Bitcoin podcast "The Mark Moss Show", Mark Moss stated that Trump positioning himself as the "Bitcoin President" could potentially drive the United States to adopt strategic Bitcoin reserves. This would trigger a "game" leading to a sovereign-level FOMO (Fear Of Missing Out) in other countries. Mark Moss mentioned that Senator Cynthia Lummis from Wyoming has proposed a bill aiming to establish strategic Bitcoin reserves and plans to increase it by 200,000 Bitcoins each year until it reaches one million on paper. Under Trump's leadership, this plan is "very likely" to become reality. “If the U.S does so, G7 and G20 countries will be affected... Other countries have already started paying attention and began buying Bitcoins which greatly drives up its price."
- 13:01Data: The Ethereum spot ETF had a total net outflow of 33.4749 million US dollars yesterday, continuing for 5 days of net outflowsAccording to SoSoValue data, yesterday (Eastern Time November 20th), the total net outflow of Ethereum spot ETF was $33.4749 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $16.2852 million, and the current historical net outflow of ETHE is $329.3 million. Grayscale's Mini Ethereum Trust ETF ETH had a single-day net outflow of $3.1885 million, and the current total historical net inflow for Grayscale's Mini Ethereum Trust ETH is $37.2 million. The most significant single-day net inflow for an Ethereum spot ETF yesterday was BlackRock’s ETF ETHA with a daily net inflow of $16.7439 million; currently, ETHA has reached a total historical net inflow of $170.3 million. As it stands now, the Net Asset Value (NAV) for all Ethereum spot ETFs totals at around 8963000000 USD or approximately 8 billion dollars in value; The ratio between this NAV and the market cap percentage compared to that of all Etherium on the market is about 2%. The cumulative historic flow into these funds has been roughly equivalent to about twenty-four point six three six three Million US Dollars ($24,636,300).
- 12:59Data: The net inflow of Bitcoin spot ETF yesterday was 796 million US dollars, and the net asset ratio of ETF reached 5.4%According to SoSoValue data, as of yesterday (Eastern Time November 20), the total net inflow of Bitcoin spot ETFs was $796 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $0.00, and the current historical net outflow for GBTC is $20.251 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $22.5885 million, and its current historical total net inflow is $684 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, with a single-day net inflow of $627 million; its current historical total net inflows have reached $30.211 billion. Next is Fidelity's FBTC, which had a single-day net inflow of $134 million; its current historical total net flows have reached $11.215 billion. As it stands now, the Net Asset Value (NAV) for all Bitcoin spot ETFs totals at about 1006.29 billion USD; The ratio between this NAV and bitcoin’s market cap has reached 5.4%, while their cumulative historic flow-in value has already hit around 29.347 billion USD.
