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VIPBitget VIP Weekly Research InsightsThe recent decline in the crypto industry stems from several key factors. First, volatility in the macroeconomic environment—such as the sharp drop in US stocks and global market uncertainty—has weighed heavily on high-risk assets like Bitcoin. Second, an increase in hacker attacks, including a $1.5 billion cryptocurrency theft on February 22, triggered panic and led to over 170,000 liquidations. Third, rising regulatory pressure, such as the SEC’s increased scrutiny of cryptocurrencies in the US and restrictions on trading and mining in some countries, has further undermined investor confidence. Additionally, the market is in a consolidation phase, with many funds buying the dip in the short term but quickly exiting as risk appetite declines. Finally, Bitcoin's failure to break through key resistance levels has led to weak demand and network activity, while ETF outflows have exacerbated the downward pressure. These combined factors have created short-term strain on the crypto market, contributing to its decline. As a result, this edition focuses on Earn-related products.
VIPBitget VIP Weekly Research InsightsRecently, BTC has weakened, altcoins have declined across the board, and trading volume on the Solana blockchain has continued to shrink. Daily transaction volume on Solana has hit new yearly lows, with over $200 million in sell-offs on pump.fun in just over two months since the start of the year. Additionally, the hype surrounding Argentina's president-related memecoin last weekend drained additional liquidity from the Solana network. Adding to investor concerns, a large amount of SOL is set to be unlocked on March 1, exacerbating deteriorating sentiment and leading to a noticeable decline in market wealth effects. Against this backdrop, investors are advised to reduce leverage, manage risk, and reserve funds for potential dip-buying opportunities. This edition highlights several USDT-based, SOL-based, and BTC-based Earn products, offering investors a diverse range of investment options.
Quick Take Franklin Templeton’s registration statement posted on Friday included language around language on staking for a proposed Franklin Solana ETF. “I think staking will ultimately be allowed for all proof-of-stake assets inside an ETF wrapper,” said Bloomberg ETF analyst James Seyffart.
VIPBitget VIP Weekly Research InsightsCurrently, the two main drivers of liquidity into the crypto market are ETF net inflows and new stablecoin issuances. Recently, several U.S. financial giants have applied to launch spot ETFs for assets such as XRP and LTC. If approved, these ETFs could present a significant opportunity for both the assets and the broader crypto market. Investors may consider positioning themselves early, particularly during market downturns, to capitalize on potential bullish catalysts.
VIPBitget VIP Weekly Research InsightsThe Solana ecosystem stands to gain significantly from Trump's token launch. Celebrity involvement often generates substantial attention, attracting new users to the Solana blockchain and boosting on-chain trading volume. Furthermore, Trump's influence may encourage increased investment and attract developers, fostering greater diversity and innovation within the ecosystem. However, the sustainability of celebrity influence is uncertain and hinges on market confidence and the regulatory environment. In the long term, ecosystem projects on the Solana chain are well-positioned to be the ultimate beneficiaries, making them worthy of investor attention.
VIPBitget VIP Weekly Research InsightsThe U.S. 10-Year Treasury yield has been rising recently, with the U.S. Dollar Index surpassing the 110 mark. The upcoming release of CPI data and the uncertainty surrounding Trump's inauguration next week could further heighten market volatility. Risk aversion is evident in the market, as global risk assets have shown sluggish performance. In this environment of tense market sentiment and impending macroeconomic data releases, we recommend that investors reduce leverage, manage risks carefully, and set aside funds for potential buying opportunities. This edition highlights some of Bitget's token launch promotions and on-chain Earn products based on USDT/USDC, BTC, and SOL, offering investors a wider range of options.
VIPBitget VIP Weekly Research InsightsAs the new year begins, Solana is leading the market's altcoin rebound, with SOL's price serving as a "leading indicator" for the broader market. Pump.fun, the most prominent project in the Solana ecosystem, generates daily revenue of approximately 15,000 SOL (around $3.3 million), equating to nearly $100 million in monthly revenue. According to the ETF Store President and Bernstein Research analysts, spot Solana ETFs are expected to debut in the U.S. capital markets by the end of 2025, sparking high market expectations for Solana's performance that year.
- 03:06Greeks.live: Today's largest options block trade is a block trade of Bitcoin bearish calendar spreadPANews reported on April 3rd, according to Greeks.live macro researcher Adam's cryptocurrency options block trade daily report, today's largest option block trade was a Bitcoin bearish calendar spread with a scale of 635 BTC groups and a nominal value of $110 million. This is a typical institutional volatility curve transaction that profits from the difference in near-end and far-end option volatilities and different time decay characteristics. Both terms are relatively short-term. Traders expect: short-term volatility is overestimated; Bitcoin price will not significantly fall below 75,000 before the near-month expiration; the volatility surface will tend to flatten. Today's other large trades were also mostly concentrated in the short term, with this week's spreads occupying most of them. More often it was market makers adjusting their risk exposure, with actual premiums involved being small. This is also a common phenomenon after quarterly delivery - market makers operate more cautiously which provides convenience for us to identify institutional views through observing block trades.
- 02:33Japanese listed game company Enish announces the purchase of Bitcoin worth 100 million yenGolden Finance reports, according to CoinPost, Enish, a Japanese gaming company listed on the Tokyo Stock Exchange, announced on April 1st that it has completed a strategic purchase of Bitcoin worth 100 million yen (approximately $660,000). This acquisition of Bitcoin aims to deepen understanding of blockchain technology and strengthen technical capabilities in game development. Enish stated that it positions cryptocurrency investment as an important part of its financial strategy. While diversifying financial assets, it also looks forward to opportunities for earnings brought about by the liquidity and market size stability of Bitcoin and potential future price increases.
- 02:30JPMorgan Chase: Trump's tariffs bring in $400 billion in tax revenue, while also posing a threat of recessionGolden Finance reports that JPMorgan's chief economist, Michael Feroli, stated in a report that Trump's tariffs will bring considerable revenue but at the cost of rising prices, which could affect consumer purchasing power. He wrote: "On a static basis, the tariffs announced today will increase revenues by nearly $400 billion, about 1.3% of GDP. We estimate that measures announced today may cause this year's personal consumption expenditure prices to rise by 1-1.5%, and we believe inflationary effects will be realized mid-year. The resulting hit to purchasing power could lead to negative growth in real disposable personal income from the second quarter to the third quarter, potentially causing contraction in actual consumer spending during these quarters as well. This effect alone could put the economy at risk of recession."