News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
US initial claims for unemployment insurance and the unemployment rate are being released this week, key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
On August 12, the TRON ecosystem DEX, SUN.io, launched Sun Pump, the ecosystem's first memecoin issuance platform. Its goal is to provide creators with a convenient and cost-effective token issuance solution. As of August 21, Sun Pump has surpassed pump.fun in revenue and the number of new tokens issued. Some Meme coins issued on Sun Pump have shown astonishing performance. For example, SUNDOG increased by 10,156 times within 5 days and 8 hours of its creation, and FOFAR increased by 6176 times in 4 days and 6 hours. These skyrocketing memecoins have attracted significant attention from investors.
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
Since Q2 2024, despite the overall decline in the cryptocurrency market, one ecosystem has bucked the trend and delivered exceptional returns—the TON ecosystem. The price of TON has surged by over 3.5x since the beginning of the year and is currently fluctuating around $7, near its all-time high. Backed by Telegram's nearly 1 billion users, the TON ecosystem has developed a range of unique applications that have recently become a focal point within the community.
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
The uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
As global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralized exchanges can offer low-risk returns despite market volatility by utilizing diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.
![Bitget VIP Weekly Research Insights](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
On July 27 (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.
![Bitget VIP Weekly Research Insights (7.26)](https://img.bitgetimg.com/multiLang/web/de1a60ed2293f2ecab0523c3511f9112.png)
In the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, becoming a strength eco-project worth focusing on.
![Recommended high-quality projects for major clients (July 10) — Ethereum ecosystem assets](https://img.bitgetimg.com/multiLang/web/4fa114f8d33e78b39bd57ee863c7eb92.jpeg)
![Recommended high-quality projects for major clients (June 25) — Bitget Earn projects](https://img.bitgetimg.com/multiLang/web/046e3b044508373822d2a1fe725642f1.jpeg)
![Recommended high-quality projects for major clients (June 12) — On-chain Earn projects](https://img.bitgetimg.com/multiLang/web/146f06c40377e831b47c1b63bff412cd.jpeg)
- 01:09INJ breaks through $16The market shows that INJ has broken through $16, currently quoted at $16.01. The 24-hour decline has narrowed to 1.23%. The market fluctuation is quite large, please manage your risk well.
- 01:07The German Parliament projects a giant Bitcoin logoAccording to Bitcoin Magazine on X platform, the German Parliament projected a giant Bitcoin logo.
- 01:07CryptoPunk#9368 was sold for a price of 475 ETHAccording to Cryptoslam data, CryptoPunk#9368 was traded at a price of 475 ETH, approximately equivalent to 1.065 million US dollars.