News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
VIPBitget VIP Weekly Research InsightsRecently, BTC has weakened, altcoins have declined across the board, and trading volume on the Solana blockchain has continued to shrink. Daily transaction volume on Solana has hit new yearly lows, with over $200 million in sell-offs on pump.fun in just over two months since the start of the year. Additionally, the hype surrounding Argentina's president-related memecoin last weekend drained additional liquidity from the Solana network. Adding to investor concerns, a large amount of SOL is set to be unlocked on March 1, exacerbating deteriorating sentiment and leading to a noticeable decline in market wealth effects. Against this backdrop, investors are advised to reduce leverage, manage risk, and reserve funds for potential dip-buying opportunities. This edition highlights several USDT-based, SOL-based, and BTC-based Earn products, offering investors a diverse range of investment options.
Quick Take Franklin Templeton’s registration statement posted on Friday included language around language on staking for a proposed Franklin Solana ETF. “I think staking will ultimately be allowed for all proof-of-stake assets inside an ETF wrapper,” said Bloomberg ETF analyst James Seyffart.
VIPBitget VIP Weekly Research InsightsCurrently, the two main drivers of liquidity into the crypto market are ETF net inflows and new stablecoin issuances. Recently, several U.S. financial giants have applied to launch spot ETFs for assets such as XRP and LTC. If approved, these ETFs could present a significant opportunity for both the assets and the broader crypto market. Investors may consider positioning themselves early, particularly during market downturns, to capitalize on potential bullish catalysts.
VIPBitget VIP Weekly Research InsightsThe Solana ecosystem stands to gain significantly from Trump's token launch. Celebrity involvement often generates substantial attention, attracting new users to the Solana blockchain and boosting on-chain trading volume. Furthermore, Trump's influence may encourage increased investment and attract developers, fostering greater diversity and innovation within the ecosystem. However, the sustainability of celebrity influence is uncertain and hinges on market confidence and the regulatory environment. In the long term, ecosystem projects on the Solana chain are well-positioned to be the ultimate beneficiaries, making them worthy of investor attention.
VIPBitget VIP Weekly Research InsightsThe U.S. 10-Year Treasury yield has been rising recently, with the U.S. Dollar Index surpassing the 110 mark. The upcoming release of CPI data and the uncertainty surrounding Trump's inauguration next week could further heighten market volatility. Risk aversion is evident in the market, as global risk assets have shown sluggish performance. In this environment of tense market sentiment and impending macroeconomic data releases, we recommend that investors reduce leverage, manage risks carefully, and set aside funds for potential buying opportunities. This edition highlights some of Bitget's token launch promotions and on-chain Earn products based on USDT/USDC, BTC, and SOL, offering investors a wider range of options.
VIPBitget VIP Weekly Research InsightsAs the new year begins, Solana is leading the market's altcoin rebound, with SOL's price serving as a "leading indicator" for the broader market. Pump.fun, the most prominent project in the Solana ecosystem, generates daily revenue of approximately 15,000 SOL (around $3.3 million), equating to nearly $100 million in monthly revenue. According to the ETF Store President and Bernstein Research analysts, spot Solana ETFs are expected to debut in the U.S. capital markets by the end of 2025, sparking high market expectations for Solana's performance that year.
- 06:50The total market value of USDT has broken through 144 billion US dollars, setting a new historical highAccording to DefiLlama data, the total market value of USDT has broken through 144 billion U.S. dollars, reaching 144.46 billion U.S. dollars, setting a new historical high.
- 06:17BlackRock's Bitcoin ETF bought approximately 480 BTC yesterdayBlackRock's Bitcoin ETF bought approximately 480 BTC on March 25th, valued at 42 million US dollars.
- 06:14Analyst: Bitcoin and Ethereum may face the worst Q1 performance in yearsAccording to Cointelegraph, unless there is a significant rebound in the next few days, Bitcoin and Ethereum will have their worst first quarter performance in years. Swyftx Chief Analyst Pav Hundal said that it's unlikely for a "vertical rise" to occur within six days before the end of the first quarter of 2025. Hundal stated that until mid-April, the crypto market will be "somewhat flying blind", by which time there should be a clearer understanding of US President Trump's tariff plan. "Economic data shows that global economic conditions are good," he added. According to CoinGlass data, Ethereum (ETH) has fallen 37.98% so far in the first quarter of 2025, marking its worst Q1 performance since 2018 when it plummeted by 46.61%. Meanwhile, Bitcoin (BTC) has dropped by 6.49% this quarter so far with the quarter ending on March 31st; this marks its worst Q1 performance since 2020 when it fell by 10.83%.