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VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behavior reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
VIPBitget VIP Weekly Research InsightsIn recent weeks, rising risk-averse sentiment and declining demand for leverage have led to a sharp drop in yields across Earn products. On major DeFi platforms, stablecoin yields have fallen below 4%, while on centralized exchanges, yields on stablecoin-based Earn products now hover around 2%. In contrast, Bitget HodlerYield offers users a 10% APR on stablecoins, with no 7-day cooldown for withdrawals or claims. Funds can be deposited and redeemed instantly, offering greater convenience and flexibility.
VIPBitget VIP Weekly Research InsightsThe RWA (Real-World Assets) sector has been gaining significant traction in the crypto space, as it tokenizes traditional assets like real estate and bonds to bridge the gap between TradFi and DeFi. This process unlocks trillions of dollars in potential value, while enabling broader access to high-value investments through asset fractionalization, increased liquidity, and lower entry barriers. RWA also diversifies and stabilizes DeFi collateral options, addressing the sector's over-reliance on crypto-native assets and paving the way for large-scale adoption. With regulatory frameworks becoming clearer worldwide, the compliance advantages of RWAs are increasingly evident—drawing in institutional capital. What sets RWA projects apart is their connection to real-world income streams like rent and interest payments, offering more sustainable returns than purely speculative assets. These cash-flow-generating features appeal to investors seeking steady returns. As such, RWA is seen as a crucial step in the evolution of blockchain technology from concept to practicality. Its development potential and practical use cases make it an important sector in the crypto industry today.
VIPBitget VIP Weekly Research InsightsRecently, the BNB chain has seen a significant rise in both funds and user activity, accompanied by increasing market attention to its ecosystem. Following the Binance Alpha update, the barrier between Binance's main platform and the chain has been effectively removed, enabling CEX funds to trade DEX tokens. This development is poised to further enhance user and fund activity within the BNB ecosystem, driving strong potential demand for Binance Alpha-listed assets. This bodes well for the growth of the BNB ecosystem and highlights the importance of its core assets.
VIPBitget VIP Weekly Research InsightsOver the past month, the cryptocurrency market has faced a downturn due to multiple factors. Global macroeconomic uncertainties, such as shifts in U.S. economic policies and the impact of tariffs, have heightened market anxiety. Meanwhile, the recent White House crypto summit failed to deliver any significant positive news for the crypto market, further dampening investor confidence. Additionally, fluctuations in market sentiment have led to capital outflows, exacerbating price declines. In this volatile environment, selecting stable and secure passive-income products is more crucial than ever. Bitget offers solutions that not only provide high-yield fixed-term products but also flexible options for users who need liquidity. Furthermore, with the added security of the Protection Fund, investors can earn steady returns even amidst market volatility.
VIPBitget VIP Weekly Research InsightsOver the past few weeks, BTC has repeatedly tested the $100,000 resistance level, briefly breaking through multiple times before failing to hold, resulting in sharp declines Altcoins have entered a technical bear market, though SOL has shown resilience during both downturns and rebounds. However, the trading frenzy surrounding Solana-based memecoins has cooled, while discussions of institutional unlocking have gained traction on social media. On the night of March 2, Trump announced plans to establish a strategic crypto reserve, explicitly mentioning BTC, ETH, XRP, SOL, and ADA. This statement briefly reignited market sentiment amid oversold conditions, triggering a sharp crypto rebound. However, macroeconomic conditions remain largely unchanged, and liquidity recovery is a gradual process. The rally sparked by Trump's comments quickly faded, suggesting the market may still face further downsides. The following recommendations highlight projects worth monitoring in the current cycle, though they may not yet have reached an optimal entry point.
VIPBitget VIP Weekly Research InsightsThe recent decline in the crypto industry stems from several key factors. First, volatility in the macroeconomic environment—such as the sharp drop in US stocks and global market uncertainty—has weighed heavily on high-risk assets like Bitcoin. Second, an increase in hacker attacks, including a $1.5 billion cryptocurrency theft on February 22, triggered panic and led to over 170,000 liquidations. Third, rising regulatory pressure, such as the SEC’s increased scrutiny of cryptocurrencies in the US and restrictions on trading and mining in some countries, has further undermined investor confidence. Additionally, the market is in a consolidation phase, with many funds buying the dip in the short term but quickly exiting as risk appetite declines. Finally, Bitcoin's failure to break through key resistance levels has led to weak demand and network activity, while ETF outflows have exacerbated the downward pressure. These combined factors have created short-term strain on the crypto market, contributing to its decline. As a result, this edition focuses on Earn-related products.
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.
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.
- 00:40The whale, who previously achieved 14 consecutive wins with large positions, is now facing an unrealized loss of $20 million in principal.According to Jinse Finance, on-chain analyst Yu Jin has monitored that the whale who previously achieved 14 consecutive winning large positions has now broken his winning streak: not only has he given back the $15.83 million earned from 14 consecutive winning trades over the past 20 days, but he is also currently facing an unrealized loss of $20 million on his principal. Moreover, his current positions are only 8 percentage points away from liquidation. Eight hours ago, he closed out BTC, ETH, and SOL long positions worth $258 million at a loss, realizing a loss of $15.65 million. This figure is almost identical to the $15.83 million profit he made from 14 consecutive winning trades over the previous 20 days, meaning that this forced closure has wiped out all his previous profits. He still holds ETH, SOL, and HYPE long positions worth $148 million, with an unrealized loss of $18.86 million, which is a direct loss on his principal. The remaining positions do not seem particularly safe either; if prices drop another 8%, they will reach his liquidation price: ETH’s liquidation price is at $3,196, and SOL’s liquidation price is at $143.5.
- 00:40Machi Big Brother was forced to liquidate his ETH long positions, and his account now has only $16,771.24 remaining.According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that Machi Big Brother's 2,500.1 ETH long position was forcibly liquidated 8 hours ago at a price of $3,760.53, resulting in a loss of $1.073 million. Currently, his account balance is only $16,771.24. Since October, Machi has deposited a total of 1.727 million USDC into Hyperliquid, with almost all of it lost. The cumulative loss in the Hyperliquid account has reached $13.33 million.
- 00:40Balancer: This attack incident is limited to V2 composable stable pools and does not affect Balancer V3 or other types of pools.Jinse Finance reported that Balancer posted on X, stating, "At approximately 7:48 AM UTC today, Balancer V2 Composable Stable Pools experienced an attack. Our team is working with top security researchers to investigate the root cause and will share more findings and a full post-mortem report as soon as possible. Since these pools have been running on-chain for years, many of them are now beyond the pausable time window. All pools that can still be paused have been paused and are in recovery mode. Other Balancer pools are unaffected. This issue is limited to V2 Composable Stable Pools and does not impact Balancer V3 or other types of pools. Security reminder: There are currently some scam messages circulating online impersonating the Balancer security team. These are not from us. Please do not interact with such unknown sources or click on any suspicious links."