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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.)
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.
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.
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.
- 03:074394 ETH and over 226 BTC flowed into VanEck from Gemini yesterday, with a total value exceeding 30 million US dollarsAccording to Arkham's monitoring data, yesterday 4,394 ETH flowed from the cryptocurrency exchange Gemini's hot wallet address into VanEck Ethereum Exchange Traded Fund (ETHV Ethereum ETF), valued at approximately $13.01 million; in addition, 226.257 BTC also flowed from Gemini into VanEck Bitcoin Exchange Traded Fund (HODL Bitcoin ETF), valued at approximately $17.35 million.
- 03:04X briefly broke through $0.0003According to market data, X (X empire) briefly broke through $0.0003, currently quoted at $0.00029371, a 24-hour increase of 91.97%. The market fluctuates greatly, please manage your risk well.
- 03:032800 BTC flowed out of Bitwise four hours ago, worth over 214 million US dollarsAccording to monitoring data from Arkham, 2800 BTC were transferred from the Bitwise Bitcoin exchange fund BITB Bitcoin ETF to an unknown address starting with bc1q7 four hours ago, valued at $214.05 million.