🔥 Gate.io Makes Debut on Match Kits as Inter Top the Serie A
💡 On the evening of August 30th, local time in Italy, the third round of Serie A kicked off. FC Internazionale Milano hammered Atlanta at home with a 4-0 victory, temporarily claiming the top spot in the league table. As Inter's Official Sleeve Partner, Gate.io's branding made its official debut on Inter's match kits during the game.
✨ As the first Inter-Atlanta Derby of the new season, Inter showcased outstanding form from the start, with Marcus Thuram putting on a show by contributing three goals. The team delivered an exciting game for the "Nerazzurri" around the world.
⭐️ In addition to its debut on the sleeve of Inter's match kits, Gate.io's branding continued to shine on the double-layer LED screens at the San Siro Stadium.
More: https://www.gate.io/announcements/article/38982
AI Weekly Hot Spot Report (5.10-5.17)
Table of Contents
1. The general trend of the market
1.1. Market sentiment
1.2. Macroeconomic impacts
2. Analysis of capital and price Fluctuation
2.1. Price Fluctuation Analysis
2.2 Funding analysis
3. Major events
Bitcoin Fourth Halving Completed
On April 20, 2024, the fourth Halving of Bitcoin was successfully completed. This is an important milestone in Bitcoin's history, with the number of new Bitcoins issued Halving to 6.25 per block. Halving event will affect the supply of Bitcoin and may push prices pump. But in the short term, Bitcoin has seen a sharp pullback to around $60,000.
US SEC Approved Bitcoin Options ETF
According to reports, the U.S. SEC will issue a resolution on BlackRock's Bitcoin Spot ETF Options transaction application on April 24. If approved, it will be the first Bitcoin Options ETF product in the United States. The launch of the Options ETF will provide more long investment vehicles for institutional investors and is expected to further promote the development of the Bitcoin market.
Hong Kong Securities and Futures Commission will approve Bitcoin Spot ETF
The Hong Kong Securities and Futures Commission plans to listing Spot Bitcoin ETF in Hong Kong. This will be the first Bitcoin Spot ETF product in Asia, marking the rise demand for Crypto Assets investment vehicles in the Asian market. The launch of the Spot ETF will provide investors with more convenient investment channels.
Shiba Inu Raises $12 Million to Develop Privacy Chain
Shiba Inu raised $12 million through the sale of its un issuance Token TREAT to non-U.S. The funds will be used to develop its new privacy-focused Layer 3 Blockchain. The initiative aims to address privacy and trust concerns while complying with regulatory requirements.
CoinShares: $206 million in digital asset investment product outflows last week
According to CoinShares data, digital asset investment products last week saw a total outflow of $206 million for the second consecutive week. Among them, Bitcoin outflows of $192 million and Ethereum outflows of $34 million. This reflects investors' wait-and-see sentiment towards the Crypto Assets market.
Thailand to block unauthorized encryption platforms
Thai authorities decided to block "unauthorized" encryption platforms in order to improve the efficiency of law enforcement and tackle online crime. This move aims to strengthen the supervision of the Crypto Assets market and maintain market order.
Mina plans for a Berkeley upgrade on June 4th
The lightweight Blockchain network Mina is scheduled to undergo a Berkeley upgrade on June 4 to enhance the ZK Programmability of the Mina network. This technology upgrade will improve the performance and functionality of the network, which will benefit the long-term development of the project.
LightLink Airdrop Token to Mocaverse NFT holders
Ethereum Layer 2 network LightLink will Airdrop LL Token to Mocaverse NFT holders, and will receive 1,000 LL for each Mocaverse NFT. This Airdrop campaign aims to incentivize the community and increase the liquidity of Tokens.
ApeCoin Launches NFT Launchpad Proposal Voting
The ApeCoin DAO community launched a vote on the "NFT Launchpad Powered by APE" proposal, which aims to enhance the utility and adoption of APE as a Token by facilitating the creation and trading of NFTs. The proposal reflects the development direction of the ApeCoin ecosystem.
4. Recent hot topics
Roaring Kitty returns to spark MEME coin craze
Twitter user @Roaring Kitty (Keith Gill) was the initiator of the 2021 retail confrontation Airdrop that drove GameStop's stock price to a surge. On May 13, he tweeted a large number of small videos suggesting that the community was once again starting a new retail revolution. Affected by this, related MEME coin such as KITTY and GME ushered in a wave of big pump. However, most of the long are related MEME coin no one trades, and only a few have some volume.
Sui Chain Integration Netki DeFi Compliance Oracle Machine
The Sui Chain will integrate Netki's DeFi Compliance Oracle Machine to provide real-time KYC/AML, Wallet filtering, financial transaction monitoring, securities Compliance, and tax Compliance for DeFi protocol on Sui. The solution combines on-chain and off-chain data to ensure that every transaction meets institutional risk and regulatory standards, helping to drive DeFi to be safer and more accessible on a global scale.
After Bitcoin Halving Miner income does not decrease but increases temporarily
Adam, a Greeks.live macro researcher, said that Bitcoin successfully completed the Halving last Saturday, the market was relatively stable, and some hot projects pushed up the BTC Money Laundering, making the Miner's income temporarily increase instead of falling. There are few macro events and data this week, the market is still based on the trend of US stocks, and risk assets can still see significant fluctuations.
CoinShares: $206 million in digital asset investment product outflows last week
According to CoinShares data, digital asset investment product outflows totaled $206 million for the second consecutive week last week, and ETP volume fell slightly to $18 billion. The outflow of Bitcoin investment products was $192 million, and the outflow of shorting Bitcoin products was $0.3 million. Ethereum had an outflow of $34 million, the sixth consecutive week of outflows.
Cyber upgraded from protocol to social Layer 2 chain
CyberConnect, a new social public chain built based on the OP Stack, was officially launched. Cyber chooses to build on the OP Stack and join the Optimism super chain family, which can connect the resources behind the OP Stack alliance and share users and liquidity. At the same time, the RaaS service based on Altlayer can drop the availability of DA data outside Ethereum and reduce application construction and operation and maintenance costs.
5. The latest developments in global policies and regulations
Policy & Regulatory Updates
6. Investment analysis
6.1. Investment recommendations
The market trend shows that the Bitcoin Halving event has been completed, and the Crypto Assets market as a whole shows a volatile upward trend. Popular news includes Ethereum ETF's upcoming listing in Hong Kong, Shiba Inu's $12 million raises to develop a new chain, and more.
According to market analysis, the following 5 Crypto Assets have great rise potential:
This chart shows the price movements of Bitcoin (BTC), Ethereum (ETH) and DOGEB (SHIB) over the past 7 days. The price action of Bitcoin and Ethereum is shown on the left y-axis, while the price action of Doge is shown on the right-hand y-axis. As you can see from the chart, the price Fluctuation of Bitcoin and Ethereum is large, while Dogecoin is relatively stable. Overall, the price trends of Bitcoin and Ethereum are broadly consistent.
**Disclaimer: The above recommendations are based on current market analysis only and are not financial advice, and investment should be done with caution and at your own risk. **
6.2. Long-term investment strategy
For long-term investors, it is recommended to pay attention to encryption asset projects with practical application value, such as Ethereum, Polkadot, etc. The technological development of these projects is promising and is expected to become the future Blockchain infrastructure. At the same time, we should also pay close attention to changes in regulatory policies and do a good job in risk management. Diversify your portfolio appropriately and control the proportion of investments in a single asset. Develop a long-term investment plan, adhere to the concept of value investment, and avoid speculation.
**Risk Warning: Encryption asset market Fluctuation is fierce, investment needs to be cautious. Before investing, you should fully understand the project and evaluate the risks and benefits. Investment is risky, and you need to be cautious when entering the market. **
6.3. Financial wealth management products
Yu coin Bao is a coin interest-bearing product launched by Gate.io, and users can subscribe to Yu coin Treasure with idle funds to obtain Interest income. Key features include: deposit-and-go, Interest compound interest, custom lending Intrerest Rate, and more. After the user subscribes, the system will determine whether the loan is successful and calculate the interest every hour according to the Intrerest Rate set by the user and the actual borrowing demand. The total amount of USDT in the remaining coin treasure is 1.077 billion USDT, and the estimated APR rate of return is 5.85%+8.87%.
The main wealth management products of Yu coin treasure are as follows:
6.4. Asset allocation Risk Management strategy
By adopting the above Risk Management measures, the safety and soundness of asset allocation can be improved, risks can be effectively controlled, and long-term stable value-added can be achieved.