Bitget Research Weekly Highlights: Grayscale continues selling Bitcoin, U.S. SEC delays BlackRock's Ethereum ETF approval
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Bitget Research Weekly Highlights: Grayscale continues selling Bitcoin, U.S. SEC delays BlackRock's Ethereum ETF approval
Focusing on on-chain data, weekly news roundup.
Navigating Web3 tides with focused insightsOver the past week (1.22–1.26), several new trending cryptocurrencies and topics emerged in the market.
1. Market Trends
The most discussed topics in the market this week (01.22–01.26) were:
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Tiger Brokers Hong Kong receives approval to upgrade its Type 1 license; Bitcoin Volatility Index hits a three-month low
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U.S. SEC delays BlackRock’s Ethereum ETF decision; top inscription token SATS continues to decline
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Bitcoin tests key resistance level at 38,500; GBTC sees $515 million outflow today
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Grayscale continues selling off, BTC falls below $40,000
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X may launch payment functionality; Dogecoin surges逆势 over the weekend
2. Popular Projects
The hottest projects this week (01.22–01.26) include:
PENDLE (Token): Since Pendle announced on January 11 the integration of ether.fi's liquid staking token (LST) eETH into the Restaking/LRTFi sector, users depositing eETH as Pendle LP will continue earning all native rewards from eETH: EigenLayer points, EtherFi loyalty points, ETH staking yield, and restaking yield. Pendle’s TVL increased by over $100 million in less than two weeks, with its price reaching new highs despite broader market declines.
LIGO (Token): A BRC-20 token based on the Bitcoin Layer 2 concept, deployed on December 3, 2023. Recently, minting activity surged dramatically, attracting over 12k holders. Minting is now complete, and LIGO has shown strong performance in the secondary market. Future price movements depend on official project development progress. The project primarily targets Chinese-speaking users and recently hosted an AMA session with 1.1k participants, indicating solid community engagement.
Altlayer (Token): Ethereum scaling project Altlayer launched on Binance Launchpool and revealed its tokenomics. Token airdrops will go to holders of AltLayer OG Badge NFTs, Oh Ottie! NFTs, qualified participants in the Altitude campaign, eligible EigenLayer restakers, and Celestia stakers. Trading volume and price rose significantly following its official launch yesterday.
TRUMP (Token): Influenced by the U.S. presidential election, Trump- and Biden-themed tokens have drawn community attention. The leading token TRUMP briefly approached a $100 million market cap, with $4 million in 24-hour on-chain trading volume—indicating extremely high热度.
Azuki (NFT): Azuki has seen increased trading volume and higher prices recently, largely due to its collaboration with anime IPs. After extensive holder turnover within the community, only “diamond hand” members remain.
mocaverse (NFT): The Moca Foundation plans to launch a cross-chain token MOCA, with Mocaverse becoming a release partner for MOCA Coin. Driven by this positive news, the floor price of Mocaverse NFTs reached 5.09 ETH, marking a 24.68% increase over the past 24 hours.
Mochimons (NFT): A cat-themed NFT collection on Base chain, with a total supply of 3,333. It sold out within one hour of launch and shares the same team behind the meme coin $MOCHI on-chain. Currently has 941 holders, with a floor price of 0.135 ETH.
Gashero (Dapp): Gas Hero is a Web3 social and strategy game developed by the former StepN team. Unlike traditional games, Gas Hero emphasizes game theory, offering players richer strategic depth while leveraging decentralized exchanges to maximize transparency of on-chain data. The game has just launched, and in-game NFT trading is currently very active.
Blur (Dapp): The Blast testnet officially went live, driving up the BLUR token price. According to on-chain analyst Yujin, 49.46 million BLUR tokens (~$32.29 million) were unlocked from a vesting contract half an hour ago and transferred to the 0x0A0 multisig address before being moved to Coinbase Prime. With a large number of tokens set to unlock this month, prices could be further pushed upward.
QnA3.AI (Dapp): An AI-powered Web3 knowledge-sharing platform gaining significant traction among users on the BNB chain. The project currently operates a data mining model where users can contribute idle computing resources from their devices for tasks like large model data cleaning and web scraping, earning积分 rewards in return.
3. Hot Searches
The most popular topics this week (01.22–01.26) are:
ALT (Token): AltLayer’s official website shows that the airdrop claim window is now open and will remain so until February 25. As previously announced, eligible recipients include holders of AltLayer OG Badge NFTs, Oh Ottie! NFTs, qualified Altitude campaign participants, eligible EigenLayer restakers, and Celestia stakers. The AltLayer Twitter account was hacked early this morning but has since been restored.
MANTA (Token): After Manta Network’s token listed on exchanges, its price rebounded following initial post-airdrop selloffs and reached new highs. Manta Pacific’s TVL has surpassed $1.5 billion, total transaction count exceeds 10 million, and wallet addresses exceed 731,000.
Arkham (Dapp): Amid growing market interest in Grayscale’s GBTC outflows and whale wallet transactions, Arkham, the on-chain analytics platform, has gained prominence. Its intelligence reports are widely cited across media outlets.
Bitget Research focuses on “tracking on-chain data to uncover valuable assets.” By monitoring real-time on-chain metrics and regional search trends, it identifies emerging investment opportunities, delivering institutional-grade insights to cryptocurrency enthusiasts. To date, Bitget Research has provided early access to high-potential assets across trending sectors such as the Arbitrum ecosystem, AI ecosystem, and SHIB ecosystem, creating superior wealth-building opportunities for Bitget’s global user base through data-driven research.
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