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VIPBitget VIP Weekly Research InsightsOver the past year, the performance of ETH and its ecosystem has been underwhelming, with the ETH/BTC ratio down by 30% year-to-date. However, it's important to note that BTC has faced a monthly-level correction after hitting resistance at $100,000, while Solana's DEX volumes have seen a significant decline. These shifts suggest that capital is starting to flow back into the ETH ecosystem, with whales quietly accumulating assets over the past year. Several promising projects within the ETH ecosystem and on EVM chains are worth highlighting.
VIPBitget VIP Weekly Research InsightsAs the regulatory landscape for DeFi and cryptocurrencies in the United States becomes clearer, top-performing DeFi projects with strong profitability are poised to give their tokens genuine value. This could involve using a portion of their profits for token buybacks or directly distributing profits to token holders. If these proposals are implemented, the valuations of these DeFi projects could experience significant upward adjustments. Early market interest has already emerged, making these projects worth investors' attention.
VIPBitget VIP Weekly Research InsightsLast week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.
- 01:22Jack Yi, Founder of LD Capital: Altcoin Season Likely to Begin After Rate Cut Is Confirmed in August or SeptemberAccording to Jinse Finance, JackYi, founder of LD Capital, stated on social media that the altcoin season may not arrive until after the interest rate cut is confirmed in August or September, when the market will truly experience a liquidity overflow. For now, investors can focus on researching and tracking potential dark horse projects.
- 01:17Hong Kong Media: Number of Institutions Planning to Apply for Hong Kong Stablecoin License Rises to 50-60, Industry Insiders Say Only 3-4 Will Be Approved in the First PhaseAccording to a report by Jinse Finance, as disclosed by HK01, the number of institutions planning to apply for a Hong Kong stablecoin license has now increased to 50-60, with half being payment companies and the other half internet companies. Most of these institutions have Chinese capital backgrounds, which may indicate that market competition has already begun. Industry insiders believe that after the Hong Kong stablecoin regulations take effect on August 1, there will be a surge in applications, but it is expected that only 3-4 will be approved in the first phase, with the total number not exceeding 10. In addition, the initial pegged currencies are likely to be the Hong Kong dollar and the US dollar, while regulatory oversight of offshore RMB stablecoins may require the involvement of the central bank.
- 01:11This week, major token unlocks for TRUMP, ZRO, and ARB will exceed $100 million in valueAccording to Token Unlocks data reported by Jinse Finance, this week will see significant one-time token unlocks for FTN, ZRO, ARB, and others, with a total value exceeding $100 million. Specifically: Official Trump (TRUMP) will unlock approximately 90 million tokens, worth about $878 million, accounting for 45% of its circulating supply, on July 18 at 8:00 (UTC+8); Fasttoken (FTN) will unlock 20 million tokens, valued at around $89.8 million, representing 4.64% of its circulating supply, on July 18 at 8:00 (UTC+8); LayerZero (ZRO) will unlock 25.71 million tokens, worth about $55.53 million, accounting for 23.13% of its circulating supply, on July 20 at 7:00 (UTC+8); Arbitrum (ARB) will unlock 92.65 million tokens, valued at approximately $38.06 million, representing 1.87% of its circulating supply, on July 16 at 21:00 (UTC+8); ApeCoin (APE) will unlock 15.6 million tokens, worth about $10.35 million, accounting for 1.95% of its circulating supply, on July 17 at 20:30 (UTC+8).