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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.
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- 13:24AI company Genius Group has purchased an additional $4 million worth of Bitcoin, increasing its holdings to 153 BTCAccording to Globenewswire, the artificial intelligence company Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchase amount in its Bitcoin vault by an additional $4 million, bringing the total to 153 Bitcoins worth a total of $14 million, with an average price of $91,372 per Bitcoin. The additional purchase of $4 million worth of Bitcoin was made after the company announced its "Bitcoin First" strategy on November 12th. This strategy promises that 90% or more of its current and future reserves will be held in Bitcoin form, with an initial target of $120 million in Bitcoin. The company then announced on November 18th that it had purchased its first batch of Bitcoins valued at $10 million. This is the second time within two weeks since establishing their bitcoin vault that they have bought bitcoins. Earlier news from November reported that Genius Group had already purchased 110 Bitcoins for $10 million.
- 13:23Galaxy Research: By 2030, approximately $47 billion in Bitcoin liquidity may be integrated into the Bitcoin L2 networkAccording to Cointelegraph, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in 2024 in its latest report, pointing out that the number of projects has increased sevenfold and venture capital has reached approximately $447 million so far. Galaxy estimates that by 2030, about $47 billion in Bitcoin liquidity could be integrated into the Bitcoin L2 network. Researchers emphasized that venture capital in the Bitcoin L2 field has reached $447 million, with 39% of investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects received financing of $174 million. Of this amount, $105 million went towards sidechain projects while rollups projects received $63 million. The researchers also noted a significant change occurred during Q2 2024 when Bitcoin L2 projects accounted for 44% of all risk investment obtained by Layer-2 networks within cryptocurrency industry. Compared to Q1, investment volume grew by 159% during Q2. Galaxy explained that this increase indicates traditional crypto venture firms (excluding those focused on bitcoin) had less involvement with bitcoin's ecosystem prior to 2024. As per Galaxy's view, as this ecosystem matures further these firms will continue deploying funds into bitcoin layer-2 ventures.
- 13:16Overview of important events on the evening of November 21st12:00-21:00 Keywords: deblock, MicroStrategy, North Korean hackers, DOGE1. Sui blockchain is suspected to be down, no blocks were released for 1 hour;2. crypto wallet Deblock closed about $16.8 million seed round;3. MicroStrategy Bitcoin position now floats over $16 billion;4. musk's startup xAI has raised $5 billion in new funding;5. U.S. ETFs directly investing in bitcoin have total assets of more than $100 billion;6. yonhap: north korea hackers stole $42 million worth of ethereum from upbit in 2019;7. the Department of Government Efficiency (DOGE): the US Congress provided $516 billion for projects that have passed their authorization period.
