Bitget Research Weekly News: Wall Street Giants Concentrate on Applying for Bitcoin Spot ETFs, Encrypted Markets Usher in a Continuous Rally

1. Market Focus Market Trends

1. Market Focus Market Trends

This week (06.19-06.23) the focus topic that the market pays most attention to is:

• Institutions concentrated on applying for Bitcoin spot ETF, and the encryption market accelerated its rebound

• EDX Markets, an encrypted exchange backed by Wall Street giants, started operations this week, spurring BTC to rise by more than 6% in the past 24 hours

• The market fluctuated after an oversold rebound, and Fidelity was revealed to intend to apply for a Bitcoin spot ETF

• 2. Popular Projects

2. Popular Projects

The hottest projects this week (06.19-06.23) are:

WHEE (Token): There are sled dog-themed tokens that are popular on BRC-20, and the current transaction volume is still at a high level, with 3,458 token-holding addresses, 52,000 transfers in 24 hours, and a transaction volume of 131,600 US dollars;

FTC (Token): It is a branch of FQT (FQT), which is suspected to be a trading project. It adopts a joint banker mode, and users add LPs to be a banker together. The current liquidity on the chain is 40.77 million US dollars, and the transaction volume in the past 24 hours is 6.86 million US dollars. There is no problem with the contract detection, you can keep paying attention;

agEUR (Token): Decentralized stable currency protocol, the main product is the euro stable currency agEUR, the current daily trading volume is 1.36 million US dollars, and the trading volume is mainly concentrated on the chain. Currently, Ethereum has the most currency holding addresses, 1786 addresses;

USDC (token): The amount of USDC used as collateral for MakerDAO’s Peg Stability Module (PSM) has dropped significantly. In January 2023, approximately $2.4 billion in USDC is locked in PSM. That figure has now shrunk to around $520 million, representing a 78% drop in the amount of USDC directly backing DAI. USDC’s overall share of DAI’s collateral reserves has dropped from about 50% to 8%, with USDC’s overall influence dropping significantly;

zkBridge on opBNB (NFT): On June 20, Binance announced that the second-tier opbnb based on the op stack was launched on the test network. Users can passzkbridge.com/nft-faucet/opbReceive NFT;

Seaport (Dapp): seaport is a brand new open source web3 marketplace protocol for buying and selling NFTs safely and efficiently. Seaport was first launched on Ethereum, and now polygon is also online. This data is a standard to directly measure the trading volume of Opensea; as the price of blur tokens falls and the popularity fades, the trading frequency and volume of blur have also declined, which is the most intuitive The performance is that the seaport gas consumption exceeds blur again;

Stickman (Dapp): Stickman mint contract, Proof of Participation (POP) concept token on BSC, $STIC can be minted for free, each person mints 10 $STIC per second, and every friend invited increases the mining of 10 STIC/S rate, there is no upper limit on the mining rate. There is no apparent risk in the contract. There are currently 9,948 holders on the chain, and there is no liquidity pool on DEX. The project party will hold an offline publicity meeting with a large number of participants;

3. Hot Search Topics Hot Searches

3. Hot Search Topics Hot Searches

The hottest topics this week (06.19-06.23) are:

EDX Markets: EDX Markets, a digital asset market supported by Citadel Securities, Fidelity Investments and Charles Schwab, officially announced the launch of trading services and completed a new round of financing. Investors include Miami International Holdings, DV Crypto, GTS, GSR Markets LTD and HRT Technology. Products available for trading on EDX include BTC, ETH, LTC and BCH. EDX will launch EDX Clearing later this year to clear trades matched on EDX Markets.

WAVES (token): The "rebellion" of the Russian mercenary Wagner occurred in Russia. When Russia invaded Ukraine last time, the Russian concept currency WAVES rose 5 times. This turmoil also stimulated the fluctuation of WAVES; DWF Labs promised 500 k $WAVES Waves staked and voted to support the launch of the Waves DAO; WAVES is up 60% in the past 24 hours;

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.

Bitget Research Institute focuses on "focusing on the data on the chain and mining value assets". By constantly monitoring data on the chain and regional hot searches and other dimensions, it mines cutting-edge value investments and provides institutional-level insights for crypto enthusiasts. So far, it has provided Bitget global users with [Arbitrum Ecology], [AI Ecology], [SHIB Ecology] and other early value assets of many popular sectors, and created better wealth for Bitget global users through in-depth research driven by data effect.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their particular situation. Invest accordingly at your own risk.