Bitget Research Institute Weekly News: BTC hits $64,000, Ethereum Cancun upgrade confirmed to be activated on March 13

In the past week (2.26-3.01), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (02.26-03.01) the most focused topics in the market are:

• Bitcoin briefly fell below $61,000, Blast pledged assets can now be migrated to the Blast mainnet

• Bitcoin briefly exceeded 64,000 US dollars, Telegram advertisement announced the use of TON chain payment

• Bitcoin fluctuates at high levels, Ethereum Cancun upgrade is confirmed to be activated on March 13

• BlackRock IBIT’s daily trading volume hits record high, BTC exceeds $57,000

• Uniswap’s modification of the token economy caused changes in the DeFi sector, and the price of ETH exceeded US$3,100

2.Popular Projects

The most popular projects this week (02.26-03.01) are:

SATS (Token): Bitcoin exceeded US$60,000, and ecological projects attracted financial attention. SATS broke through the bottom range yesterday and saw a 24-hour increase of 20%. The main trading volume came from centralized exchanges, and the 24-hour trading volume reached US$150 million.

PYTH (Token): Korean exchanges Upbit and Bithumb both announced that they will list PYTH, driving up the price of PYTH currency. Pyth Network has also continued to expand in product and project development, and recently launched a price feeding service on Hedera.

Portal (Token): Portal is a game ecological token. Portal Gaming is a platform dedicated to Web3 games. The platform focuses on one-click login to Portal Passport, easy payment and other functions. The project is supported by fundamentals, and the current price has begun to fall, with a 24-hour drop of 17.56%.

FLOKI (Token): DWF Labs announced that it will invest $10 million in FLOKI tokens to support the development of the Floki ecosystem. After the news was released, the price of FLOKI tokens rose by more than 10% in a short period of time. Floki first announced its partnership with DWF Labs in May 2023, purchasing $5 million worth of FLOKI tokens.

PEPE (Token): PEPE leads the meme market, with an increase of more than 150% in 3 days, once reaching 80% of the historical high. Centralized exchanges and meme coins on the chain have experienced explosive market prices. Traditional meme head projects dogecoin and shiba have both A high-volume breakthrough occurred.

NodeMonkes (NFT): Oradinals NFT node monkey, currently the most expensive NFT in Oradinals, with a floor price of 0.4 BTC and a single-day trading volume of US$2.6 million.

Milady Maker (NFT): The well-known NFT project Milady has seen a price recovery recently. Milady is a community-style NFT project with diverse features and strong Alpha properties. It has always been one of the projects that players in the crypto community pay attention to.

Blast (Dapp): The Blast mainnet has been launched, and the current public chain TVL has exceeded US$2.2 billion. According to AEVO’s market information, the BLAST futures price is currently at US$6.35. Staking assets can now be migrated to the Blast mainnet. Due to the popularity of the market and the increase in GAS on the Ethereum main network, the current migration cost is relatively high.

Magic Eden (Dapp): Magic Eden, the Ethereum marketplace created in partnership with Yuga Labs, has gone live. Yuga Labs issued a statement saying: To celebrate the launch of the Magic Eden Ethereum market, it will conduct a 69-day royalty reduction campaign.

Orbiter Finance (Dapp): The cross-chain bridge project Orbiter Finance stated on the X platform that in order to thank its loyal community, it will launch a native token this year and will gradually announce the token economy and distribution plan to ensure a fair process. The O-Points program will play a vital role in shaping the rules for airdrops.

3. Hot Searches

The most popular topics this week (02.26-03.01) are:

PORTAL (Token): A cross-chain gaming platform where players can access the Web3 gaming network with a smooth experience and be able to play games on all chains without bridging/exchanging/purchasing additional tokens. It was officially launched yesterday after the Binance Launchpool. The total market capitalization is currently US$2.4 billion, and the 24-hour trading volume is US$570 million.

Babylon (Dapp): Binance Labs announced its investment in Bitcoin staking protocol Babylon to support the development of Bitcoin staking. Recently, the Bitcoin staking protocol Babylon announced that it has launched a test network based on BTC Signet. The test network includes: Bitcoin staking and supports common PoS functions. The Babylon PoS chain is the first PoS chain it protects. The project has a high level of attention and you can pay attention to the airdrop.

Taiko (Dapp): Taiko is a decentralized Ethereum equivalent of ZK-EVM and universal ZK-Rollup, allowing dApps to be easily deployed to L2 and inherit the security of Ethereum. A total of US$22 million has been raised, with participation from Sequoia China, Generative Ventures, GSR, etc. The market has strong expectations for Taiko’s airdrop.

Arweave (Dapp): Arweave recently released the public test network Arweave AO, which is used to design computing layers for social media and AI. AO is a super-parallel computer that is implemented by building three different sub-networks and using Arweave as the base layer. It provides a high degree of parallel processing capabilities and scalability. The recent launch of the testnet has sparked enthusiasm for AR token speculation, and the price has risen by more than 100% again in three days.

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], [SHIB Ecosystem], etc., 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.