Last week (7/31-8/4), there were many new popular currencies and topics in the market.

1. Market Trends

The most focused topics in the market this week (07.31-08.04) were:

• The founder of Curve continues to sell CRV, and HashKey has been approved as the first retail-oriented trading platform in Hong Kong

• Market correction to dodge risks as non-farm payrolls data will be released tomorrow

• Short-term market recovery, with 6 companies including Grayscale recently submitting Ethereum futures ETF applications

• Weak market trend, BASE chain's $BALD crashed after a sudden overnight surge

• Curve TVL significantly reduced due to theft, while Base ecosystem's Bald experienced a hundredfold increase in a single day

2. Popular Projects

The most popular projects this week (07.31-08.04) are:

X (Token): An "X" themed meme coin on the Ethereum mainnet, with a surge in trading volume in the past 24 hours, reaching $13M, including $5M on CEX and $8M on DEX. Bitget announced the listing of X yesterday, and X increased by +40% in the past 24 hours. Risk warning: Currently, there are many tokens on the chain with the symbol "X", so please carefully check the token contract address and risks when trading, or trade on CEX.

CRV(Token): After suffering heavy losses from the attack, Curve's token price has been falling for two consecutive days. Currently, the liquidation price for CRV positions on various lending platforms is 0.38-0.4 USDT. These positions pose significant potential risks to CRV and DeFi. The funding rate for CRV contracts on multiple mainstream CEX platforms has reached -0.4%, leading to increased bearish sentiment;

ORDI(Token): The BRC-20 track is currently lacking hotspots, with the number of Bitcoin addresses reaching a historical high of 47.9 million, while the number of addresses holding $ORDI is only 12,700, accounting for 0.026% of Bitcoin holders. The track is in the development stage, with trading volume mainly concentrated in ORDI, with a total trading volume of $14 million in the past 24 hours;

Pandra(NFT): A cross-chain interaction of Pandra series NFTs can be achieved through zkBridge and LayerZero simultaneously. The deadline for the task is August 20th. The NFT's transaction volume has been boosted by airdrop participants;

Uniswap(Dapp): After the U.S. Securities and Exchange Commission (SEC) recently referred to the HEX token as an unregistered security, Uniswap has removed the HEX token from its interface. The HEX token is now listed as "not supported" on the Uniswap interface, along with a general statement indicating that the protocol prohibits tokens that "violate trademarks, have been proven scams, or are based on other legal considerations". Recent developments in DeFi indicate increased regulatory pressure;

Linea(Dapp): An Ethereum Layer 2 solution launched by ConsenSys. Currently, the Linea mainnet has attracted 19,719 ETH and has a user base of 115,000. Two weeks ago, Linea mainnet went live on LayerZero, and applications can be integrated with the new zkEVM rollup through LayerZero. Today, the Uniswap community is conducting an on-chain vote for the proposal to deploy V3 to the Linea network;

Optimism(Dapp): Ethereum Attestation Service (EAS) expressed on social media that EAS has been integrated into OP Stack, and all future deployments of OP Stack blockchains will automatically include EAS smart contract in the genesis block stage, which mainly solidifies the adoption of the superchain. According to Dune data, Optimism's daily transaction volume has surpassed Arbitrum.

3. Hot Searches

The most popular topics this week (07.31-08.04) are:

KAS(Token): Kaspa, a POW token that has broken through the previous high, currently the preferred token for GPU miners, quite popular in the mining community. The development team has strong technical expertise, the founder is a Harvard postdoctoral researcher and a core developer of GHOSTDAG. The technology is applied to the Kapas network, attempting to solve the blockchain network impossible triangle. The project naturally has good traffic and does little marketing, mainly spreading through word-of-mouth. The token has reached a historical high, and Bitget has listed the token.

WLD(Token): Worldcoin, yesterday the Kenyan government suspended Worldcoin's related activities in the country, expressing concerns about Worldcoin collecting citizens' iris data, and the project needs to be thoroughly investigated. Yesterday, Worldcoin claimed that it would allow companies and governments to use its ID system. The project has high visibility, and the token performance was average yesterday. Bitget has listed the token.

CRV(Token): The founder of Curve sold 54.5 million CRV through OTC and other means yesterday, receiving a total of 21.8 million USDT and partially repaying the borrowing in protocols such as FXS, alleviating the market's liquidation risk. The buyers of Curve tokens include individuals or institutions such as Justin Sun, Wintermute, DCF, DWF, Huang Licheng, Prisma Finance, Cream Finance, etc. The monopoly of CRV as a liquid token is broken, and the Curve ecosystem may receive empowering from relevant parties in the future, which is a medium to long-term positive for Curve.

HEX (Token): According to The Block, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Schueler (also known as Richard Heart) accusing him of selling unregistered securities in violation of federal securities laws. Richard Heart is the founder of Pulsechain, PulseX, and Hex projects, and SEC alleges that Richard Heart misappropriated at least $12 million of customer funds.

Bitget Research Institute focuses on "focusing on on-chain data and exploring valuable assets" to provide institutional-level insights for cryptocurrency enthusiasts by monitoring on-chain data and regional hot searches and exploring cutting-edge value investments. To date, Bitget has provided global users with early-stage value assets in popular areas such as Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem, creating a better wealth effect for Bitget users through data-driven in-depth research.

[Disclaimer] The market carries risks, and investments should 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 specific circumstances. Investing based on this article is at your own risk.