Bitget Research Institute Weekly News: Bitcoin Ecosystem Continues to Be Hot, BlackRock Registers Ethereum Trust

In the past week (11.6-11.10), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (11.06-11.10) the market’s most focused topics are:

• BlackRock registers Ethereum trust, Ethereum breaks $2,000 mark

• Bitcoin breaks through $36,000, SEC Chairman reveals FTX may restart

• The Bitcoin ecosystem continues to be hot, and Circle is considering listing in early 2024

• The listing of ORDI on Binance triggered a general rise in the BRC 20 sector, and the recovery of the NFT track caused BLUR to surge in volume.

• Altcoins generally rose, and the Greed Index rose to 72, a new high for the year

2.Popular Projects

The most popular projects this week (11.06-11.10) are:

sats（Token）：BRC 20, currently the most popular token, has increased approximately 16 times in the past month, creating a very good wealth creation effect. At present, as the Ordinals ecology becomes known to more market players and understands investment, the market situation of sats may continue.

RATS（Token）：The BRC-20 track represents a meme-type token of a mouse. Affected by the recent influx of track funds, the tokens current transaction volume on the chain has increased sharply. The transaction volume in 7 days is 226 BTC (approximately 8.13 million US dollars), and the price is After the correction, the current market value is 33 BTC.

MAPO（Token）：The tokens deployed by MapProtocol on BRC-20 are designed to create a Layer 2 protocol for BTC rollups. Yesterday, ROUP, the first cross-chain project in the ecosystem, was publicly mint. A total of 21 million tokens have been sold. The current market value is 3 million US dollars.

GROK（Token）：With Musks artificial intelligence startup xAI launching its first artificial intelligence model Grok, the on-chain meme token GROK has been sought after by speculation funds. Currently, the token has accumulated a large number of currency holders and transaction volume, and its price is at a high level. Fluctuating, 24 H trading volume is US$6 million per month.

LINK（Token）：Chainlink, the leader in the oracle machine track, continues to maintain its upward momentum. Today it once again broke through the previous high, with the currency price exceeding 14 US dollars. The 24-hour transaction volume of the entire network was 1.16 billion US dollars. The market value reached the 12th place in the cryptocurrency rankings, with strong growth.

MATIC（Token）：The NEAR Foundation and Polygon Labs announced a strategic cooperation to jointly develop zkWASM, a zero-knowledge (ZK) prover for the WASM blockchain. The zkWASM prover is scheduled to go live next year. The price of MATIC has rebounded 60% from the bottom this time, and the trend is relatively good.

Crypto Punks（NFT）：Affected by the popularity of the Token market, NFT whales have recently returned, with addresses purchasing zombie Punks worth over 100 ETH, and the overall NFT market popularity has picked up.

Springfield Punks（NFT）：Animated The Simpsons Halloween Special Satirizes NFT, The Simpsons author Rino Russo released and opened for free minting the Simpsons themed NFT series Springfield Punks experienced a roller coaster ride of FOMO. Its floor price rose to a maximum of 0.45 ETH and then fell rapidly, and has now fallen below 0.1 ETH.

Ethscription（Dapp）：The project was developed by Tom Lehman, co-founder and former CEO of Genius.com, a protocol that inscribes on Ethereum, allowing the creation and sharing of digital objects on Ethereum using call data. The current mint price of the protocol project ETHS is 1 u, the current price exceeds 3,000 u, a huge increase.

Port 3 （Dapp）: The Port 3 project is a blockchain project aiming to become a Web3 social data gateway, which provides open data services by aggregating Web2 and Web3 data. The design of Port 3 includes three core modules: data collection, data reading and data application to support the aggregation of community dynamics, social media trends and on-chain transaction data. It aggregates data through the DAO tool and displays the results of the aggregated data, including community trends and market movements, through its SoGraph.xyz page. The Port 3 protocol is the foundation of its open and collaborative data layer, through which data providers can control their data, receive rewards when providing data, and protect their privacy. Through its design and implementation, Port 3 promotes the rapid migration of Web2 users and data to Web3, and is committed to achieving safe and efficient social data aggregation.

3. Hot Searches

The most popular topics this week (11.06-11.10) are:

BTC（Token）：BTC broke through the integer mark of US$36,000 today. After the breakthrough, short positions of US$31 million were liquidated in the market. BTC jumped to only about US$37,000 in a short period of time, and is currently fluctuating around 36,500. After the Federal Reserve’s interest rate meeting in November, Chairman Powell’s speech after the meeting opened up the risk-on mode of the capital market and risk asset returns.

ORDI（Token）：Binance listed Ordinals (ORDI) and added a seed tag to it, which triggered a surge in transaction volume across the network, a short-term surge in ORDI, and a general rise in BRC-20 ecological tokens. Previously, UniSat Wallets BRC-20 Swap was launched, and the first batch supports 14 Bitcoin inscription assets (sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, .bit, vmpx, pepe, mxrc) .

Gala（Token）：Recently, the game track on the market chain has been generally rising. As a popular game track asset in the last cycle, Gala has received the focus of market speculation funds. The currency price has rebounded by more than 80% in the past half month, and the search volume on Twitter is high. It is recommended to stay tuned. . Assets such as RACA and GMT in the same sector are also worthy of attention.

Bitget Research Institute focuses on focusing on on-chain data and mining value assets. Through real-time monitoring of on-chain data and regional hot searches, it explores cutting-edge value investments and provides institutional-level insights for crypto world enthusiasts. So far, it has provided Bitget global users with early value assets in many popular sectors such as [Arbitrum Ecosystem], [AI Ecosystem], and [SHIB Ecosystem], and created better wealth for Bitget global users through in-depth data-driven research. effect.

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