Bitget Research Weekly: SEC delays decision on seven spot Bitcoin ETF proposals, ARB price hits recent low
TechFlow Selected TechFlow Selected
Bitget Research Weekly: SEC delays decision on seven spot Bitcoin ETF proposals, ARB price hits recent low
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (08.28–09.01), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (08.28–09.01) were:
-
SEC delays decisions on seven spot Bitcoin ETF proposals; ARB price hits a recent low
-
Market consolidation awaits BTC ETF approvals; Base chain DEX Aerodrome launches with TVL surpassing $100 million
-
Grayscale wins temporary legal victory against SEC; CYBER surges 100% over two days
-
PEPE scandal triggers hype around multiple "new PEPE" tokens; HashKey Exchange officially opens to retail users
-
BASE ecosystem remains active; Starknet TVL rebounds
2. Popular Projects
The hottest projects this week (08.28–09.01) include:
PEPE (Token): PepeCommunity has gained significant attention recently. Its Twitter Space remains open with over 210 participants, showing strong community engagement. On-chain liquidity stands at $642,000, with a 24-hour trading volume of $12.16 million. This project warrants continued monitoring.
PSYOP (Token): A meme token launched by Ben.eth. Previously, it rode Elon Musk-related tweet hype to surge 20x within a single day. Recently, the price rebounded by 100% from its bottom, with a 24-hour trading volume reaching $3 million—ranking among the top on-chain assets.
USDC (Token): Circle announced native USDC is now live on Arbitrum, enabling developers and users to access it directly without bridging. Circle Account and Circle API allow enterprises to leverage Arbitrum’s faster settlement and lower costs. However, USDC.e (bridged from Ethereum) still sees higher usage than native USDC, indicating a gradual transition phase.
Avive Profile NFT (NFT): Personal profile NFTs from the Avive World project, which aims to build a metaverse social network. Holding this NFT qualifies holders for VV token airdrops. Currently held by 27,488 addresses, the project maintains high热度 and deserves attention.
Pandra (NFT): An NFT issued by Polyhedra Network. Cross-chain activity involving the Pandra series NFT may unlock future project benefits. Users can currently interact with both zkBridge and LayerZero, leading to inflated interaction metrics driven by airdrop farmers.
Uniswap (Dapp): A judge in the U.S. District Court for the Southern District of New York recently dismissed a class-action lawsuit targeting Uniswap and Paradigm. The plaintiffs attempted to hold these entities liable for scam tokens sold via Uniswap’s AMM. Under U.S. securities law, this outcome indicates Uniswap is not responsible for fraudulent tokens or resulting damages—an encouraging ruling for the platform.
Tether (Dapp): Tether’s transparency report shows nearly $3.3 billion in liquidity buffer reserves. As of August 24, Tether’s total assets reached $86.1 billion, with total liabilities at $82.8 billion, maintaining a reserve ratio above 100%. Tether is currently using Bahamas-based private bank Britannia Bank & Trust for USD wire transfers.
friend.Tech (Dapp): Daily trading volume on friend.tech has sharply declined from $16 million observed on August 21 to approximately $700,000 today—a drop exceeding 95%. The project's popularity has significantly waned, revealing sustainability issues in early-stage speculative capital rotation. The team is now primarily focused on product updates and tracking user engagement metrics.
3. Hot Searches
The hottest topics this week (08.28–09.01) include:
BTC (Token): The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it will delay decisions on seven spot Bitcoin ETF applications due to ongoing reviews of recent filings. As a result, all gains driven by Grayscale’s legal victory against the SEC have been erased, resulting in a “gate-drawing” reversal.
Merit Circle (Token): Coinspot (Australia’s largest cryptocurrency exchange) and Indodax (Indonesia’s largest regulated fiat-crypto exchange) listed Merit Circle token trading yesterday. Recently, Merit Circle partnered with Space Mavericks on a giveaway event, awarding 30 winners with Goliath Pioneer Spaceship NFTs. Trading volume and price surged, with the token rising 15.3%, reflecting solid project momentum.
CYBER (Token): Positive developments continue to emerge. Purchases of the token by DWF Labs in the secondary market triggered a sharp price increase. Short positions suffered consecutive liquidations, leading to a short squeeze. Binance responded by adjusting CYBER’s futures funding rate cap to -2.5%, indicating strong market interest.
Bitget Research focuses on “tracking on-chain data to uncover valuable assets,” leveraging real-time monitoring of on-chain activity and regional search trends to identify emerging investment opportunities. To date, it has delivered institutional-grade insights to Bitget’s global user base, identifying early value plays in trending sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem—creating superior wealth effects through data-driven research.
[Disclaimer] The market involves risks; investing requires caution. This article does not constitute investment advice. Readers should consider whether any opinions, viewpoints, or conclusions presented herein are suitable for their specific circumstances. Investment decisions based on this content are made at the reader’s own risk.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
