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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.
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.
In the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, becoming a strength eco-project worth focusing on.
- 15:09A giant whale/institution sold all 11,486 ETH at an average price of $3,083 in the past half hourAs monitored by chain analyst Yu, a giant whale/institution borrowed 33 million USDC from Aave 10 days ago to buy 11,486 ETH at $2,873. after holding it for 10 days, he sold all of that ETH in the last half hour at an average price of $3,083, giving him a profit of $2.4 million, which he bought as a profit after paying back the loan into 26.6 WBTC.
- 15:08A smart money address spent 9.78 SOL lows to build a position in SCIHUB during the intraday stage, accumulating profits of $576,000According to the monitoring of chain analyst @ai_9684xtpa, a smart money address cvvhD spent 9.78 SOL ($2,151) to build a position of 42.79 million DeSi board donation concept coins, SCIHUB, at the low point of the inner trading phase, at a cost of only $0.00005035 (current price of $0.03685); and then sold when the market capitalization had not reached $10 million 75% of the position, leaving 10.73 million coins still floating at a profit of $380,000, for a cumulative profit of $576,000, a return of 25,759%.
- 15:04ai16z founder: is executing on promised 420 ai16z airdrops, will publish address list tomorrowOn November 17th, Shaw, founder of ai16z, posted on X: “We are executing on our promised 420 ai16z airdrops with many addresses, we are taking a day off today and will announce them tomorrow. The spreadsheet has been created and the team is manually recording it.