Bitget Research Institute Weekly News: The Bitcoin ecosystem remains vibrant, BlackRock registers Ethereum trust

In the past week (11.6-11.10), the market has seen several new popular cryptocurrencies and topics.

1. Market Trends

The most关注的焦点话题 for this week (11.06-11.10) are:

• BlackRock registers Ethereum trust, Ethereum breaks through the $2000 mark

• Bitcoin breaks through $36,000, SEC chairman reveals FTX may restart

• Bitcoin ecosystem remains hot, Circle considers going public in early 2024

• ORDI listed on Binance triggers a surge in the BRC-20 sector, NFT sector rebounds causing BLUR to soar

• Altcoins rise broadly, greed index rises to 72, a new high for the year

2. Popular Projects

The hottest projects this week (11.06-11.10) include:

sats (Token): The most popular token in BRC-20, with an increase of about 16 times in the past month, creating a great wealth effect. As more market players become aware of the Ordinals ecosystem, the market for sats may continue.

RATS (Token): A meme-type token representing mice in the BRC-20 sector, influenced by recent influx of funds, this token has seen a surge in on-chain trading volume, with a 7-day trading volume of 226 BTC (approximately $8.13 million), and the price has adjusted, currently with a market cap of 33 BTC.

MAPO (Token): A token deployed by MapProtocol on BRC-20, aimed at creating a Layer 2 protocol for BTC rollups. Yesterday, the first cross-chain project ROUP in the ecosystem conducted a public mint of a total of 21 million, which has all been minted, currently with a market cap of $3 million.

GROK (Token): Following the launch of the first AI model Grok by Elon Musk's AI startup xAI, the on-chain meme token GROK has attracted speculative funds, accumulating a significant number of holders and trading volume, with the price fluctuating at a high level, and a 24-hour trading volume of $6 million.

LINK (Token): The leading oracle Chainlink continues to maintain its upward momentum, breaking through previous highs again today, with a price exceeding $14, and a 24-hour trading volume of $1.16 billion, reaching a market cap ranking of 12 in cryptocurrency, with strong gains.

MATIC (Token): NEAR Foundation and Polygon Labs announced a strategic partnership to jointly develop a zero-knowledge (ZK) prover zkWASM for WASM blockchain. The zkWASM prover is planned to launch next year. MATIC's price has rebounded 60% from the bottom in this round of market, showing a good trend.

Crypto Punks (NFT): Influenced by the market heat of tokens, there has been a return of whales in the NFT space recently, with addresses purchasing zombie Punks worth over 100 ETH, leading to an overall increase in NFT market activity.

Springfield Punks (NFT): The Halloween special of the animated series "The Simpsons" satirizes NFTs, with author Rino Russo releasing and allowing free minting of the "The Simpsons" themed NFT series Springfield Punks, which experienced a rollercoaster of FOMO, with the floor price peaking at 0.45 ETH before quickly dropping, currently below 0.1 ETH.

Ethscription (Dapp): This project is a protocol developed by Tom Lehman, co-founder and former CEO of Genius.com, for inscribing inscriptions on Ethereum, allowing the creation and sharing of digital objects on Ethereum using call data. Currently, the mint price for the protocol project ETHS is 1 u, with the current price exceeding 3000 u, showing a significant increase.

Port 3 (Dapp): The Port 3 project is a blockchain initiative aimed at becoming a Web3 social data gateway, aggregating Web2 and Web3 data to provide open data services. Port 3's design includes three core modules: data collection, data reading, and data application, to support the aggregation of community dynamics, social media trends, and on-chain transaction data. It aggregates data through DAO tools and displays the aggregated data results on its SoGraph.xyz page, including community trends and market movements. The Port 3 protocol serves as the foundation for its open and collaborative data layer, allowing data providers to control their data, earn rewards for providing data, and protect their privacy. Port 3 promotes the rapid migration of Web2 users and data to Web3 through its design and implementation, aiming to achieve secure and efficient social data aggregation.

3. Hot Searches

The hottest topics this week (11.06-11.10) include:

BTC (Token): BTC today broke through the $36,000 mark, leading to a liquidation of $31 million in short positions, with BTC briefly surging to around $37,000, currently fluctuating around $36,500. After the Federal Reserve's November meeting, Chairman Powell's dovish remarks opened up a Risk-on mode in the capital market, benefiting risk assets.

ORDI (Token): Binance listed Ordinals (ORDI) and added seed tags, triggering a surge in trading volume across the network, with ORDI rising sharply, and BRC-20 ecosystem tokens seeing a broad increase. Previously, UniSat Wallet's BRC-20 Swap went live, initially supporting 14 types of Bitcoin inscription assets (sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, .bit, vmpx, pepe, mxrc).

Gala (Token): Recently, the on-chain gaming sector has seen a broad increase, with Gala, a popular asset in the previous cycle, attracting significant speculative funds, with the price rebounding over 80% in the last half month, and high search volume on Twitter, suggesting it should be closely monitored. Other assets in the same sector, such as RACA and GMT, are also worth attention.

Bitget Research Institute focuses on "focusing on on-chain data, mining valuable assets," providing institutional-level insights for crypto enthusiasts by real-time monitoring of on-chain data and regional hot searches to uncover cutting-edge value investments. To date, it has provided Bitget global users with early valuable assets in several popular sectors such as the 【Arbitrum ecosystem】, 【AI ecosystem】, and 【SHIB ecosystem】, creating a better wealth effect for Bitget global users through data-driven in-depth research.

【Disclaimer】The market has risks, and investment requires caution. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.