Bitget Research: Powell signals rate cuts, but caution is still needed for a final downturn before the main uptrend begins
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Bitget Research: Powell signals rate cuts, but caution is still needed for a final downturn before the main uptrend begins
Over the past 24 hours, several new trending cryptocurrencies and topics have emerged in the market, potentially representing the next wealth-building opportunities.
Navigating Web3 tides with focused insightsSummary
The U.S. Dollar Index continues to decline, Powell sends strong rate-cut signals, and BTC rose on Friday before stabilizing over the weekend. The founder of Telegram was arrested in France, causing a sharp drop in TON ecosystem TVL and significant price volatility, sparking widespread social media discussion.
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Notable sectors to watch: BTC inscriptions, tokens like APT and SUI facing large upcoming unlocks;
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Trending user searches & topics: CARV, TON, Sun Pump;
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Potential airdrop opportunities: Fuel, Story Protocol;
Data cutoff time: August 26, 2024, 04:00 UTC
1. Market Environment
The U.S. Dollar Index fell further to around 100.6. Federal Reserve Chair Powell delivered dovish remarks at the Jackson Hole symposium on Friday, signaling potential rate cuts in September. BTC surged past $64,000 before entering a consolidation phase over the weekend. BTC spot ETFs have recorded net inflows for seven consecutive days.
Telegram’s founder and CEO, Pavel Durov, was arrested upon arrival at a French airport by the National Anti-Fraud Office. This triggered a sharp sell-off in TON, followed by a partial recovery. The DOGS community and figures including Elon Musk voiced support for Durov. Founders of DWF and Zhu Su publicly announced purchases of TON as a show of support. On platforms such as X, CoinGecko, and some Binance pages, the TON token logo was updated to “Resistance Dog”.
2. Wealth-Generating Sectors
1) Moving Sector: BTC Inscriptions
Main reasons:
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Recent price increases in the inscription space—SATS broke resistance levels, with mid-to-long-tail inscriptions following suit;
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Babylon launched staking with high participation; the initial 1,000 BTC staking cap was filled rapidly;
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After a quiet period, the Bitcoin ecosystem has seen new funding activity: SatLayer, a Bitcoin restaking platform built on Babylon, raised $8 million; Ducat, a native Bitcoin stablecoin project, secured $1.25 million in Pre-Seed funding;
Price performance: SATS up +35% over the past 7 days, MICE up +53%;
Factors affecting future trends:
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The Bitcoin ecosystem remains relatively weak in market narrative. Whether Unisat and other Bitcoin inscription projects can deliver new catalysts or product upgrades to capture attention, and whether Babylon’s narrative gains traction, will determine the future trajectory of BTC inscriptions.
2) Upcoming Tokens to Watch: APT, SUI, and Others Facing Large Unlocks
Main reason:
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SUI and APT are scheduled to unlock 3.24% and 2.35% of their circulating supply on September 3 and September 12, respectively—equivalent to approximately $82 million and $81 million at current prices. APT previously saw aggressive price pumping around prior large unlocks, but current market conditions and sentiment may lead to different outcomes. Traders should closely monitor opportunities around these unlock events.
Specific tokens: APT, SUI.
3. User Trends
1) Popular Dapp
CARV:
CARV is a game-focused ID infrastructure aiming to build a user-owned gaming identity that enables achievement tracking, friend discovery, game discovery, direct monetization, and portability across platforms. In the past week, the dapp recorded over 4.45 million unique active wallets. Recent developments include: April 26 – CARV announced a $10 million Series A raise; May 31 – Animoca Brands announced a strategic investment in CARV and became a node operator.
2) Twitter
TON:
According to BBC, Telegram CEO Pavel Durov was arrested by French police upon landing at Le Bourget Airport north of Paris. The TON blockchain token dropped sharply, falling over 17% in two days. Open interest in TON futures contracts globally reached $363 million, surging 59.21% after Durov’s arrest.
3) Google Search & Regional Trends
Global trends:
Sun Pump:
According to Dune Analytics, SunPump, a meme token launch platform on the TRON network, generated $548,000 in revenue over the past 24 hours—surpassing pump.fun on Solana, which earned $367,000 during the same period. SunPump saw 7,351 new tokens launched in 24 hours, compared to 6,941 on pump.fun, indicating high热度 (heat/popularity).
Regional search trends:
(1) Asia: High search volumes for RWA and Dogecoin suggest Asian users are more interested in real-world assets and meme coins.
(2) Europe and English-speaking regions: Increased interest in Shiba, RNDR, and Alph indicates focus on meme coins, AI-related tokens, and newly emerging PoW mining coins.
(3) Latin America: High searches for FLOKI, Solana, and XRP show regional preference for major public blockchains and top-tier meme coins.
4. Potential Airdrop Opportunities
Fuel
Fuel is a UTXO-based modular execution layer bringing globally accessible scalability to Ethereum. As a modular execution layer, Fuel achieves global throughput in ways monolithic chains cannot, while inheriting Ethereum's security.
In September 2022, Fuel Labs raised $80 million in a round led by Blockchain Capital and Stratos Technologies, with participation from top-tier investors including CoinFund, Bain Capital Crypto, and TRGC.
How to participate: Deposit eligible assets into supported platforms to earn points. For every dollar deposited in the following assets, users earn 1.5 points per day: ETH, WETH, eETH, rsETH, rETH, wbETH, USDT, USDC, USDe, sUSDe, and stETH. From July 8 to July 22, deposits of ezETH earned 3 points per dollar per day.
Story
Story Protocol is an IP management protocol aiming to transform how humanity records history by leveraging blockchain technology to register and interconnect content and intellectual property across multiple blockchains.
The project recently closed an $80 million Series B round led by a16z Crypto, with participation from Foresight Ventures, Hashed, and others. To date, PIP Labs—the open team behind Story Protocol—has raised $140 million at a valuation of $2.25 billion. The project has attracted significant market attention and could emerge as a leading player in a new blockchain sector.
How to participate: The project previously hosted a story continuation campaign where users submitted written stories stored permanently and visualized on-chain by Story Protocol. No additional activities have launched yet; users are advised to stay tuned and wait patiently.
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