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Bitget Research Weekly News: The Federal Reserve suspends interest rate hikes in November, and Celestia’s currency issuance drives a rebound in the Cosmos ecosystem
Bitget研究院
特邀专栏作者
2023-11-03 10:53
This article is about 1444 words, reading the full article takes about 3 minutes
Focus on on-chain data and take stock of the latest news every week.

In the past week (10.30-11.03), many new popular currencies and topics have appeared in the market.

1.Market Trends

This week (10.30-11.03) the market’s most focused topics are:

  • Bitcoin drops below $35,000, Unibot trading returns to normal

  • The Federal Reserve paused raising interest rates in November, and Bitcoin briefly exceeded $35,000

  • The Chairman of the Federal Reserve issued a message to congratulate the 15th anniversary of the release of the BTC white paper, and Hashkey Exchange officially launched the platform currency HSK

  • Celestia’s currency issuance drives the Cosmos ecosystem to rebound, and the market fluctuates within a narrow range, waiting for the November FOMC meeting

  • Memeland is about to issue coins to stimulate the recovery of the NFT market, and the market remains high and volatile

2.Popular Projects

The most popular projects this week (10.30-11.03) are:

SATS(Token):BRC 20 token, a currency with the concept of satoshi, the smallest unit of Bitcoin, has a total of 21 million. As Unisat officially proposed it as a gas fee consumption token for BRC-20 DEX, with Unisats BRC-20 Swap officially launched , the transaction volume of SATS tokens has increased, with the 24-hour on-chain transaction volume reaching 2.84 million US dollars. The price has increased by 95.58% in the past 24 hours, and the market value has exceeded 100 million US dollars.

AMO(Token):Amino, a Move 2 Earn, a sports, health, and fitness reward network, the official partner of the NFT team Washington Commanders, Amino Move as an APP has been downloaded by 500,000 people on Google Play, the token is very popular, and the current market value exceeds 100 million US dollars. , with a 24-hour trading volume of US$4.1 million.

RLB(Token):Smart money has been buying recently. According to nansen Smart Moneys 24-hour ranking in the Ethereum network capital inflow tracking list, RLB has inflowed approximately US$1.41 million. The current daily trading volume of the token is US$15 million, and the token has fallen by 8.24 in the past 24 hours. %;

BIBI(Token):The resurgent BSC project; there were 27,845 holders on the chain, and it was quite popular in the Chinese-speaking region at that time; the token contract authority was given up, the currency issuer had a real name, and there was a certain popularity on the chain and social media. The daily transaction volume increased rapidly. Currently, the daily transaction volume is rising rapidly. Transaction volume is around US$12 million.

The Captainz(NFT):As memeland’s token meme completed its pre-sale and successfully landed on the Binance launchpad, the NFT used to lock the token airdrop was also sold by the community. At the same time, memeland’s token release is approaching, and its NFTs such as The Captainz and The Potatoz are also popular. Influence transaction volume to increase.

Bored Ape Yacht Club(NFT):Yuga Labs IP series BAYC, as the official token APECOIN rebounded by more than 30% from the bottom, NFT trading volume also increased, with a trading volume of 4.86 million US dollars, ranking first in NFT, and the price also rebounded to a certain extent.

Coinbase(Dapp):Coinbase Advanced users in the United States can now access regulated cryptocurrency futures contracts. Coinbases revenue in the third quarter was US$674.1 million, a decrease of 4.7% from the previous quarter and an increase of 14.2% year-on-year. The net loss in the third quarter was US$2 million, compared with a loss of US$545 million in the same period last year. In addition, transaction volume fell again in the quarter, falling to $76 billion from $159 billion in the same period last year. This represents Coinbase’s adjustment to its current profit model and its development of new businesses.

Maestro(Dapp):As a well-known on-chain bot, Maestro is deeply loved by users in the crypto community. Yesterday, the well-known bot project unibot was attacked. Some routes caused users to lose funds, but it did not reduce the usage of bots in the crypto community at all. Maestro still remains in the top three of the interaction list. .

Uniswap(Dapp):DEX governance tokens have seen a general rise. UNI has experienced a 20% + increase in the past 24 hours. Affected by the recent sale of tokens by foundations, the price is relatively weak compared to the broader market. As SUSHI led the rise yesterday, the price of UNI has made a breakthrough. .

3. Hot Searches

The most popular topics this week (10.30-11.03) are:

Safemoon(Token):The SEC recently accused BNB Chain ecological DeFi protocol SafeMoon LLC and its founders Kyle Nagy, SafeMoon US LLC, company CEO John Karony and chief technology officer Thomas Smith of conducting a large-scale fraudulent scheme through the unregistered crypto asset security SafeMoon. Two of the SafeMoon executives have been arrested, and Nagy remains at large;

ARB(Token):Recently, ARB tokens have been bought by giant whales. A certain whale spent 843 ETH (US$1.5 million) to purchase 1.61 million ARB at an average price of US$0.95. The Arbitrum ecological project relies on ARB tokens for project operations. For example, Radiant is conducting ARB airdrop activities to encourage users to pledge dLP on the ETH mainnet and the Arbitrum chain.

JUNO(Token):The launch of the Celestia mainnet and currency issuance have driven the Cosmos ecosystem. Juno is a Web3 incubation network on which applications can be built and used, benefiting from Celestias contribution to the Cosmos ecosystem.

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.

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