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VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behavior reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
- 12:59Goldman Sachs: Still Expects Gold to Reach $3,700 by Year-EndGoldman Sachs stated that it maintains its previous forecast, expecting that structurally strong gold purchases by central banks worldwide will drive gold prices to $3,700 per ounce by the end of 2025 and to $4,000 per ounce by mid-2026.
- 12:58Report: CEXs, ETFs, and Derivatives Dominate Bitcoin TransactionsGlassnode's latest report provides a data-driven assessment of the impact of the "U.S. Strategic Bitcoin Reserve," with key points including: 1. Centralized treasuries—including government agencies, ETFs, and publicly listed companies—currently control 30.9% of Bitcoin's circulating supply, marking a deepening shift toward institutional-grade infrastructure. 2. Centralized exchanges, U.S. spot crypto ETFs, and regulated derivatives platforms now account for over 75% of Bitcoin's adjusted transfer volume, a significant increase compared to previous years. 3. Bitcoin volatility is on a downward trend, and its integration with traditional finance is making price movements more aligned. 4. For sovereign allocators such as strategic Bitcoin reserves, investments have the potential to generate up to 25-fold short-term market cap expansion.
- 12:30Trump: Iran May Now Have a Second ChanceU.S. President Trump recently posted on social media: "Two months ago, I gave Iran a 60-day ultimatum to 'make a deal.' They should have done it! Now it's the 61st day. I told them what to do, but they just couldn't do it. Now, maybe they have a second chance!"