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VIPBitget VIP Weekly Research InsightsOn August 12, the TRON ecosystem DEX, SUN.io, launched Sun Pump, the ecosystem's first memecoin issuance platform. Its goal is to provide creators with a convenient and cost-effective token issuance solution. As of August 21, Sun Pump has surpassed pump.fun in revenue and the number of new tokens issued. Some Meme coins issued on Sun Pump have shown astonishing performance. For example, SUNDOG increased by 10,156 times within 5 days and 8 hours of its creation, and FOFAR increased by 6176 times in 4 days and 6 hours. These skyrocketing memecoins have attracted significant attention from investors.
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.
- 14:43Sui eco-deal Scallop ranks fourth among all lending agreements for both fees and revenue over the past seven daysApril 4 (Bloomberg) -- Sui eco-lending protocol Scallop has earned $641,000 in fees over the past seven days and generated more than $279,000 in agreement revenue, according to official sources.Scallop became the fourth largest lending protocol among all lending protocols in terms of both fees and revenues, trailing only Venus, AAVE, and kaminolend in terms of revenues.According to the report, the Scallop was reported to have voluntarily suspended its main lending function for 24 hours to avoid the risk of FDUSD becoming de-anchored, and still generated high revenues.
- 13:56CleanSpark: Total Bitcoin Holdings Increase to 11,869CleanSpark, a Nasdaq-listed bitcoin mining company, announced its March earnings report, in which it disclosed that mining output reached 706 BTC in March, up 13% sequentially, and its total bitcoin holdings reached 11,869 as of March 31, with an end-of-month hash rate of 42.4 EH/s, up 4.2% sequentially.
- 13:55First Trust Launches Its First Bitcoin Strategy ETFFirst Trust, a U.S.-based financial services firm that specialises in issuing exchange-traded fund products, has launched its first bitcoin strategy ETF, according to market news.