Daily Report ｜Data: 10 spot Bitcoin ETFs purchased nearly 30,000 BTC within two trading days; CoinShares: Last week, the total inflow of digital asset investment products was $1.18 billion

Organizer: Luan Peng, ChainCatcher

"What important events have occurred in the past 24 hours"

1. Data: 10 spot Bitcoin ETFs purchased nearly 30,000 BTC in two trading days
According to ChainCatcher, CC15Capital disclosed on platform X that the number of Bitcoins held by the newly approved spot Bitcoin ETFs (excluding GBTC) shows that nearly 30,000 BTC were purchased by 10 newly approved spot Bitcoin ETFs within two trading days as of January 12, 2024. (Source link)

2. Binance Research releases 2023 annual review report, crypto market cap increases by 109%
According to ChainCatcher, Binance Research released its 2023 annual review report, which provides a comprehensive analysis of the previous year's performance in the crypto market. The report indicates that driven by significant increases in the first and fourth quarters, the crypto market cap increased by 109% in 2023; Web3 projects attracted 1,173 investments totaling $9 billion; the total value locked (TVL) in decentralized finance (DeFi) rose by 38.9% year-on-year; and the global stablecoin market cap overall fell by 5.2% in 2023.

Binance Research also provided exclusive insights into eight major trends for the crypto asset industry in 2024 through professional analysis. These trend themes include: developments related to the Bitcoin ecosystem, ownership economy, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, and institutional-level adoption, among others. (Source link)

3. CoinShares: Total inflow of digital asset investment products last week was $1.18 billion
According to ChainCatcher, CoinShares data shows that digital asset investment products attracted $1.18 billion in inflows last week, not breaking the record set when Bitcoin futures ETFs were launched.

Last week's trading volume was $17.5 billion, a historical high, far exceeding the average weekly trading volume of $2 billion in 2022.

Bitcoin attracted $1.16 billion in inflows, accounting for 3% of total assets under management (AuM). Ethereum attracted $26 million, and XRP attracted $2.2 million. Solana attracted only $500,000 last week. (Source link)

4. Upbit: GAS/VTHO airdrop distribution began in the second week of January and will be completed today
According to ChainCatcher, Upbit announced that the airdrop distribution of GAS/VTHO began in the second week of January 2024 and will be completed today. (Source link)

"What interesting articles are worth reading in the past 24 hours"

1. “Bitcoin ETF approval leads to a drop? The subsequent direction is not as simple as we think”

Recently, the long-awaited approval of the spot Bitcoin ETF has finally been granted, with both domestic and international media using terms like "milestone," "historic," and "major announcement" to describe the event's impact. However, the crypto market reacted rather blandly, even entering a downturn two days later, leaving many puzzled about whether the Bitcoin ETF approval is a positive or negative development. What are the substantial short-term and long-term impacts? Today, we will analyze the changes that need to be understood following the approval of the Bitcoin ETF…

Spot ETF: Don’t overestimate or underestimate its impact

The market is always influenced by emotional capital, with all directions based on overwhelming consensus. When an event occurs, people often overestimate its short-term impact while underestimating its long-term effects, or misjudge due to information asymmetry. So, what kind of impact does the approval of the spot ETF bring when viewed rationally from multiple perspectives?

2. “Footprint Analytics: 2023 Public Chain Development Report”

In 2023, the public chain sector demonstrated strong resilience and continuous innovation. This year, the strong return of Bitcoin, steady growth of Ethereum, and the remarkable rise of Solana together painted a vivid picture of market recovery. Against this backdrop, the market cap of public chain cryptocurrencies reached $1.3 trillion, revealing the intense competitive landscape among leading public chains and the vast prospects of Layer 2 solutions.

3. “Understanding 7 projects in the Sui ecosystem that may have airdrops”

In the crypto space, the key to earning your first $10,000 or $100,000 through airdrops is to position yourself early. Sui, as an innovative and decentralized Layer 1 blockchain, utilizes parallel processing to enable fast and efficient transaction completion. Additionally, Sui simplifies smart contract development on its platform using the Move programming language.

Market data shows that SUI briefly broke $1.4 today, reaching a high of $1.4336, with a 24-hour increase of 10.51%. Besides the excellent performance of the token, the TVL in the Sui ecosystem has been soaring in recent months, indicating increasing interest from users and developers. Currently, there are several token-less protocols in the Sui ecosystem. Given that Sui is likely to continue gaining traction and growth, now is an excellent opportunity for early positioning.

Crypto researcher Xremlin has compiled a list of 7 potential protocols and interaction strategies. Notably, the following protocols involve providing liquidity. Therefore, ensure to invest at least 100 SUI in each protocol.