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Since Q2 2024, despite the overall decline in the cryptocurrency market, one ecosystem has bucked the trend and delivered exceptional returns—the TON ecosystem. The price of TON has surged by over 3.5x since the beginning of the year and is currently fluctuating around $7, near its all-time high. Backed by Telegram's nearly 1 billion users, the TON ecosystem has developed a range of unique applications that have recently become a focal point within the community.
TLDR: Additional airdrops and rewards worth $500,000 are on the horizon New partnerships and expanded opportunities for the CARV community Both seasoned members and newcomers can continue to enjoy these benefits throughout Q3 and 4
The uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)
As global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralized exchanges can offer low-risk returns despite market volatility by utilizing diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.
On July 27 (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.
- 13:48Cosmos announces Q1 2025 roadmap, preparing Hub and Interchain Stack for rapid developmentCosmos announces the roadmap for the first quarter of 2025, which will be characterized by transition, stability, and the initial product testing of Hub and Interchain Stack:1. Complete personnel configuration of the core team at Interchain Labs.2. Incorporate all core components from administrators.3. Initiate maintenance, security, and performance optimization for Interchain Stack and Cosmos Hub.4. Prepare Hub and Interchain Stack for rapid development. For Hub, efforts will be made to ensure its safety and ease of maintenance so that new features and applications can be introduced on a large scale. The team will explore removing LSM modules, accelerating block time, and reinvesting in audits. For Interchain Stack, efforts will be made to deliver V2 of Cosmos SDK and IBC (Eureka), as well as accelerate transaction speed with Comet BFT.
- 13:46A new wallet withdrew 1.97 million USUAL from CEX and staked 1.96 million USUALAccording to Onchain Lens monitoring, a newly created wallet has withdrawn 1.97 million USUAL from CEX (worth about 2 million USD) and pledged 1.96 million USUAL.
- 13:43Overview of Important Developments on the Evening of December 2312:00-21:00 Keywords: Lido, UAE, Musk 1. Telegram founder: Total revenue exceeds $1 billion this year; 2. Musk responds to speculation about "Biden possibly pardoning SBF": Would be shocked if it doesn't happen; 3. Lido releases Ethereum staking SDK, supports cross-chain staking integration; 4. CoinShares: Digital asset investment products saw an inflow of $308 million last week; 5. UAE's first publicly listed cryptocurrency company plans dual listing in the US next year.