Bitget Research: BlackRock's Proposed Spot Bitcoin ETF Registered with DTCC, Cryptocurrency Market Surges

Announcement posted by Bitget 25 Oct 2023

In the past 24 hours, there have been many new popular tokens and topics emerging in the crypto market, and perhaps they could be the next market spotlight.

Bitget Research, 2023/10/24

In the past 24 hours, there have been many new popular tokens and topics emerging in the crypto market, and perhaps they could be the next market spotlight. In today's Bitget Research we cover:

1.Popular Tokens
2.Popular NFTs
3.Popular DApps
4.Twitter Hot Topics
5.Regional Trending Searches

In Summary:

1.Popular Tokens:

Chainlink (Token) - Chainlink has recently enjoyed a series of positive developments, with its price breaking through a 1.5-year fluctuation range, indicating market approval and buy orders. As one of the most crucial infrastructures in the DeFi field and an essential part of the RWA narrative, LINK's future market performance is promising.

CHZ (Token) - Fan token CHZ is a digital currency designed for the sports and entertainment sectors, provided by the Malta-based fintech company of the same name, Chiliz. CHZ operates the sports and entertainment platform Socios through blockchain technology, allowing users to engage in the governance of their favourite sports brands. Through the Socios platform, many sports clubs and associations can issue fan tokens, connect with their fans, and open new revenue channels.

SAFEREUM (Token) - The project had a trading volume of approximately US$10.17 million in the past 24 hours, with market data showing a price drop of approximately 96%. There are suspicions that the project has rugged.

STARL (Token) - This token of an old gaming project has recently become a hot topic of hype. STARL saw an on-chain trading volume of US$11.64 million yesterday, with a price decline of approximately 50%, emphasising the need for caution against potential risks.

PEPE (Token) - Influenced by the market surge yesterday, the famous memecoin PEPE rose by approximately 23%.

RACA (Token) - Raca, recognised as one of the tokens with the strongest wealth creation effect during the previous GameFi craze, has recently been rediscovered and is speculated upon amid the GameFi market's volatility. This indirectly indicates that the speculative capital in the gaming field is eager to move.

LONG (Token) - Recently, there has been a surge of replica versions of the popular Ethereum-based LONG project on BSC, necessitating caution and careful scrutiny among participants.

RevaLink Wallet Token (Token) - This project is one of the more actively engaged tokens on BSC. According to the project's Twitter account, it primarily focuses on decentralised cold and hot wallets, with its token serving as the governance token. The project has approximately 665,000 holders, but the price has been continuously falling. Users are advised to observe and proceed with caution.

2.Popular NFTs:

OKX Crypto Cricket Cup (NFT) - This project is an on-chain promotion organised by OKX, primarily targeting the Indian market and projects related to India.

3. Popular DApps:

Uniswap - Universal Router (DApp) - As the market continues to recover, the number of interactions on Uniswap has far surpassed other protocols, indicating that on-chain users have become much more active. Whether there will be an altcoin rally next is worth anticipating.

Friend3_v1 (DApp) - A replica of Friend.tech on the BSC chain, with a relatively low TVL. The project is in its initial phases and experienced increased interaction from new users on the BSC chain yesterday. It is advisable to keep an eye on this project.

Erc4377 - EntryPoint_v0_6 (DApp) - EntryPoint for the Ethereum standard ERC4377 abstract accounts is currently experiencing numerous on-chain interactions. This suggests that on-chain users are actively testing and using abstract accounts. Numerous projects utilising abstract accounts have already emerged in the market, meriting broad attention.

T2MultiverseSoulShares (DApp) - This project is a recently active FT replica on the Base chain, with modifications made to the original FT. The current TVL is approximately 13.7 ETH. It is advisable to observe its progress.

Maestro (DApp) - A Telegram Bot project, Maestro offers DeFi trading functions on the $ETH, $BSC, and $ARB chains. The project's fee revenue over a 24-hour period reached US$100,000, ranking it the thirteenth project by revenue on the chain, and the first in the TG Bot sector.

Vertex (DApp) - Vertex is an on-chain derivative DEX that has seen rapid growth in trading volume recently. It currently ranks in the top three in terms of DEX derivatives trading volume, with a daily trading volume of approximately US$40 million. The project has entered its final phase of trading mining before the token launch, with the token anticipated to launch in October.

4. Twitter Hot Topics:

No content for today due to issues with the data source.

5. Regional Trending Searches:

Bitcoin (Token) - At 00:24 on October 24 (UTC+8), American financial lawyer Scott Johnsson indicated on his social media account that, through studying the S-1 amendment submitted by BlackRock, he discovered that BlackRock has obtained a CUSIP (Committee on Uniform Securities Identification Procedures) number, preparing for the launch of the spot Bitcoin ETF. BlackRock stated in the document that it hopes to prepare "Seed Capital" for the spot Bitcoin ETF in October. Stimulated by various positive news, Bitcoin experienced a brief surge, breaking through US$34,000 at 7 AM (UTC+8).

BTC Profile - BRC-20 BRC-20 Monitoring Module

Blockchain Profiles: ETH Chain, BSC Chain, Polygon Chain, Arbitrum Chain, Base Chain

DApp Ecosystem: All Chains, ETH Chain, BSC Chain, Polygon Chain, WAX Chain, Solana Chain, Arbitrum Chain, GameFi Sector Across All Chains

Gas Fee Consumption: ETH Chain, BSC Chain, Polygon Chain, Arbitrum Chain

Crypto News Google Trends - Global, East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan, Europe, CIS Region, Middle East, Latin America & Africa

Written by: Bitget Research

Data collection time: October 24, 10:30

Data sources: Dune, DApps, Twitter, Google

Note:

1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.

2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.

3) DApp daily activity (UAW: unique active wallets)

Disclaimer: Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Bitget Wallet, the web3 arm of Bitget, is a decentralised multi-chain digital wallet supporting 250,000+ cryptocurrencies across 90+ chains, enabling exploration of DEX, DeFi, NFT, and metaverse. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organiser PGL.