Bitget Research Weekly: Fed pauses rate hikes in November, Celestia's token launch drives Cosmos ecosystem rebound
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Bitget Research Weekly: Fed pauses rate hikes in November, Celestia's token launch drives Cosmos ecosystem rebound
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (10.30–11.03), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics this week (10.30–11.03) were:
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Bitcoin dropped below $35,000; Unibot trading has resumed normally
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The Fed paused rate hikes in November; Bitcoin briefly broke above $35,000
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The Fed Chair posted a message congratulating the 15th anniversary of the BTC whitepaper; Hashkey Exchange officially launched its platform token HSK
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Celestia’s token launch boosted the Cosmos ecosystem; the broader market traded sideways ahead of the November FOMC meeting
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Anticipated Memeland token launch stimulated NFT market recovery; markets remained volatile at elevated levels
2. Popular Projects
The hottest projects this week (10.30–11.03) include:
SATS (Token): A BRC-20 token based on satoshis—the smallest unit of Bitcoin—with a total supply of 21 million tokens. Proposed by Unisat as the gas fee token for BRC-20 DEX platforms, SATS saw increased trading volume following the official launch of Unisat’s BRC-20 Swap. The token achieved a 24-hour on-chain trading volume of $2.84 million, surged 95.58% over the past 24 hours, and now boasts a market cap exceeding $100 million.
AMO (Token): Amino, a Move-to-Earn network rewarding physical activity, fitness, and wellness. Official partner of the Washington Commanders NFT team. The Amino Move app has surpassed 500,000 downloads on Google Play. The token is currently highly popular, with a market cap exceeding $100 million and a 24-hour trading volume of $4.1 million.
RLB (Token): Recently seeing continuous accumulation by smart money. According to Nansen’s Smart Money 24-hour Ethereum inflow tracking list, RLB attracted approximately $1.41 million in inflows. The token currently has a daily trading volume of $15 million but declined 8.24% over the last 24 hours.
BIBI (Token): A revived project on BSC; holding 27,845 holders on-chain, it previously gained traction in Chinese-speaking communities. The token contract has renounced ownership, the founder is publicly identified, and it maintains strong visibility both on-chain and on social media. Daily trading volume has risen sharply, currently around $12 million.
The Captainz (NFT): Following Memeland’s successful token presale and listing on Binance Launchpad, the NFTs used for airdrop locking were dumped by the community. As Memeland’s token launch nears, related NFTs such as The Captainz and The Potatoz have also seen increased trading volumes due to rising attention.
Bored Ape Yacht Club (NFT): Part of Yuga Labs’ IP series BAYC. With the official token APECOIN rebounding over 30% from its bottom, NFT trading volume has expanded significantly. It led all NFTs with $4.86 million in trading volume and has seen a notable price recovery.
Coinbase (Dapp): Advanced users in the U.S. can now access regulated cryptocurrency futures contracts on Coinbase. Q3 revenue was $674.1 million, down 4.7% quarter-on-quarter but up 14.2% year-on-year. The company reported a net loss of $2 million for the quarter, compared to a loss of $545 million in the same period last year. Trading volume also declined, dropping from $159 billion year-ago to $76 billion this quarter. This reflects Coinbase’s ongoing shift in profitability strategy and expansion into new business lines.
Maestro (Dapp): Maestro, a well-known on-chain bot, remains highly favored within the crypto community. Despite yesterday’s attack on the prominent bot project Unibot—which caused user fund losses through certain routing issues—community usage of bots remains unaffected. Maestro continues to rank among the top three most interacted-with dApps.
Uniswap (Dapp): DEX governance tokens broadly rallied, with UNI surging over 20% in the past 24 hours. Previously underperforming the broader market due to recent foundation token sales, UNI saw a breakout after SUSHI led the rally yesterday.
3. Hot Searches
The most searched topics this week (10.30–11.03) include:
Safemoon (Token): The SEC recently charged SafeMoon LLC, a DeFi protocol in the BNB Chain ecosystem, along with its founder Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith, alleging they conducted a large-scale fraudulent scheme via unregistered crypto asset securities called SafeMoon. Two executives have been arrested, while Nagy remains at large.
ARB (Token): Recently, a whale acquired a significant amount of ARB tokens, spending 843 ETH (~$1.5 million) to purchase 1.61 million ARB at an average price of $0.95. Arbitrum-based projects rely on the ARB token for operations—for example, Radiant is running an ARB airdrop campaign to incentivize users to stake dLP on both the Ethereum mainnet and Arbitrum chain.
JUNO (Token): Celestia’s mainnet launch and token issuance boosted the Cosmos ecosystem. Juno serves as a Web3 incubation network enabling application development and usage, benefiting from the positive momentum Celestia brought to the Cosmos ecosystem.
Bitget Research focuses on “tracking on-chain data and uncovering valuable assets,” leveraging real-time monitoring of on-chain metrics and regional search trends to identify emerging investment opportunities. To date, it has delivered early-stage value insights on multiple trending sectors—including the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem—to Bitget’s global user base, generating institutional-grade intelligence and superior wealth creation through data-driven research.
[Disclaimer] The market involves risks; investment should be approached with 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 made based on this information are at the reader’s own risk.
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