In the past week (8/14-8/18), many new popular currencies and topics have appeared in the market.
1.Market Trends
This week (08.14-08.18) the most focused topics in the market are:
The markets 24-hour liquidation volume hit a new high this year, and Bloomberg reported that the SEC will approve the listing of ETH futures ETFs
The July minutes showed an increase in inflation risks, and the crypto market generally fell, with some altcoins breaking their positions.
BTC fluctuated within a narrow range, and the price of UNIBOT, the leader of the BOT track, reached a new high.
Base chain TVL exceeds 200 million US dollars, BITCOIN and other communities drive Meme coins to reach new highs
Market volatility is extremely low, and DAI DSR is popular among institutions
2.Popular Projects
The most popular projects this week (08.14-08.18) are:
BNB（Token）：Recently, Binance announced that it will support the BNB Smart Chain (BEP 20) network upgrade and hard fork, which will be completed on August 10. Then the opBNB test network will conduct a PreContract hard fork on August 14. Major updates are frequent, and it is expected that the BNB ecosystem will welcome Come a new construction period;
ARB（Token）：Yesterday, according to Spot On Chain on-chain monitoring, 553 million ARB were transferred from the Safe multi-signature address marked Arbitrum: Investors ARB Vesting to 151 unlocked contract addresses 7 hours ago, amounting to approximately US$631 million. This may be preparation for the first ARB investor unlock on March 16, 2024; the recent popularity of ARB tokens is slightly weaker than OP, and it is worth paying attention to the impact of this unlock;
SHIB（Token）：Shibarium is expected to go live in the next two weeks (previously, in July, SHIB lead developer Shytoshi Kusama revealed in a blog post that Layer 2 blockchain solution Shibarium may be launched at the Blockchain Futurist event in Toronto this August Mainnet was launched at the conference), Shiba ecological tokens SHIB, BONE, LEASH, etc. have continued to rise recently, and the SHIB currency price has reached the highest level since June;
BAD（Token）：BAD IDEA AI is an AI + meme project supported by the shib ecosystem. Yesterday, SHIB chief developer Shytoshi Kusama tweeted in support of the project. As early as early September, @ShytoshiKusama tweeted and mentioned that @badideaai is our tech frens and that the project may focus on developing tokens on Shibarium in the future. BAD will be launched in the AI area, meme area and innovation area of Bitget spot;
Avive Genesis NFT（NFT）：Avive is a positioning protocol. It released its Genesis NFT yesterday and holds 4985 addresses on the chain. Avive combines social networks with blockchain technology. Its APP has been downloaded over one million times on Google Play. The public chain technology will use Proof of Networking mechanism is running and you can keep your attention;
Bridge to Base（NFT）：Base on chain summer’s cross-chain proof NFT currently has more than 20 million NFTs minted and holds 130,000 addresses, making it extremely popular;
Mintfun（Dapp、NFT）：All !fundrop holders can obtain 0.00111 ETH directly on the ETH mainnet Mint Bridge Pass on Zoras L2 network. The event received widespread publicity and attention on social media. Most of the recent NFT free mints on the Base chain were initiated on Mintfun, which brought huge traffic to the project and also promoted free mints on other chains;
Base（Dapp）：(1) Base network TVL exceeded US$200 million, an increase of nearly 70% in 7 days; (2) Uniswap Wallet newly supports Base, allowing users to exchange tokens on the Base network and connect to Base DApp; (3) Coca-Cola is on Base NFT has been launched and has been opened for casting; (4) A large number of meme coins with strong wealth creation effects have recently appeared on Base, but at the same time rug pulls occur from time to time, so attention must be paid to controlling risks;
Unibot（Dapp）：Unibot announces the launch of Unibot The token hit a new high yesterday, but today it pulled back with the market, with the entire network’s 24-hour trading volume reaching US$11.9 million;
3. Hot Searches
The most popular topics this week (08.14-08.18) are:
Crypto Crash（Event）：According to the Wall Street Journal, SpaceX has sold $373 million worth of Bitcoin acquired in 2021-2022. The market plunged last night, with mainstream currencies falling by more than 10%. The entire network liquidated more than 1 billion US dollars in 24 hours, chasing 3.19 and 5.19, far exceeding the US$300 million liquidation amount during the Silicon Valley banking crisis, and even exceeding FTX $800 million recorded during the crash; market liquidity worsened. Market analysts believe that the decline is related to the emotional blow caused by Musks liquidation of Bitcoin and the certain bad debt impact of Evergrandes bankruptcy on Tether;
Evergrand（Event）：Evergrand (China Evergrande Group) filed for bankruptcy protection in New York on the 17th, a move aimed at ensuring that the groups U.S. assets are not infringed during the debt restructuring process. China Evergrande defaulted on its debt for the first time in 2021. The groups Hong Kong-listed shares have been suspended from late March 2022 until now. The balance sheet shows that as of December 31, 2022, the groups total liabilities exceeded 2.43 trillion yuan. It has been previously rumored that Tether holds very few Evergrande bonds;
SEI（Token）：The airdrop plan was launched yesterday, and the community discussion is very popular. Users who have completed asset cross-chain can receive SEI rewards on the designated official website. Users are very enthusiastic about participating in the airdrop. Although each participating users share is not large, the selling pressure has caused the SEI token to peak and fall back. The current price is $0.193.
HBAR（Token）：Hedera Hashgraph is a public chain. The platform aims to make it possible for anyone to transact and deploy applications on it, with a group of businesses helping to oversee the software. To achieve this goal, Hedera made significant design trade-offs that set it apart from other platforms. For example, the network supports high-speed transactions for its HBAR cryptocurrency, but only allows approved nodes to participate in determining transaction history. Today, FedNow, the Federal Reserves instant payment system, added Dropp, a micropayment platform supported by Hedera, to its service provider list. Affected by this news, the price of HBAR tokens has increased;
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 [Arbitrum Ecology], [AI Ecology], [SHIB Ecology] and other early value assets of many popular sectors, and created better wealth for Bitget global users through in-depth research driven by data effect.
[Disclaimer] There are risks in the market, and investment needs to 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 particular situation. Invest accordingly and do so at your own risk.
