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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
VIPBitget VIP Weekly Research InsightsThe 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.)
VIPBitget VIP Weekly Research InsightsAs 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.
VIPBitget VIP Weekly Research InsightsOn 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.
As the Voyage ends, a new opportunity arises to ride the waves and collect rewards every ten weeks.
- 16:52Data: 100 million XRP unlocked from the custodial accountAccording to Whale Alert monitoring, at 22:20 Singapore time, 100 million XRP (worth $283.89 million) were unlocked from escrow. In 2017, Ripple Inc. locked up 55 billion XRP (representing 55% of the total supply) in an escrow account based on the XRP Ledger. These escrow accounts are controlled by smart contracts and automatically unlock one billion XRP each month (originally set at one billion per month before 2020, later adjusted to 450 million per month). Not all of the unlocked one billion XRP enter circulation each time; Ripple typically only uses a portion of the unlocked tokens (such as for market sales), with the remaining part being re-locked into escrow for future release. In 2020, Ripple extended its escrow contract from 55 months to 70 months to further slow down releases.
- 16:47CryptoQuant CEO: Meme coins with practical use and mature systems may emerge in the futureCryptoQuant CEO Ki Young Ju posted on platform X, stating that although he is not a fan of Meme coins, he still believes they have potential value. The current phenomenon of Meme coins is similar to the original collective consciousness. These communities operate in ways similar to shared belief systems and may evolve from "shamanic movements" into more structured belief systems. Harmful Meme communities should be rejected, while those promoting positive spiritual energy can receive support. Although the value of Meme coins is limited at this stage, in the long term, Meme coins with practical uses and mature systems may emerge. In the future, religious organizations, charities, and non-governmental organizations may issue socially valuable Meme coins to provide new social and economic models for internet communities.
- 16:42Data: The funding rate of mainstream exchanges has turned negativeAccording to Coinglass data, as the price of Bitcoin continues to probe lower, the funding rate of perpetual contracts on mainstream exchanges has turned negative, reflecting a bearish shift in market sentiment. Analysts point out that a brief negative turn in Bitcoin's funding rate often signals the formation of a "local bottom". Historical data shows that when the funding rate turns from positive to negative, it is often accompanied by leverage liquidation and changes in market sentiment. However, this signal needs to be combined with other technical indicators for comprehensive judgment and cannot simply be regarded as a market bottom signal.