Thông báo Gate Research: BlackRock's Spot ETF Booms, Bitcoin Surges Past $76,000, Pump.fun's Revenue Hits Record

Gate Research: BlackRock's Spot ETF Booms, Bitcoin Surges Past $76,000, Pump.fun's Revenue Hits Record

2024-11-07 10:53:00 UTC 21678 Số lượt đọc

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Gate Research Weekly Review: This week, Bitcoin surged to a new all-time high of $76,000, driven by the U.S. presidential election, with a 7-day increase of 3.62%. The trading volume for BlackRock's Bitcoin ETF exceeded $1 billion within the first 20 minutes of opening, indicating continued institutional interest in the crypto market.  Additionally, meme coin platform Pump.fun reached a record monthly revenue of $30.5 million in October. The DeFi sector also remained active, with SushiSwap launching a new platform called Vesting Launch, and Avalon Labs' TVL surpassing $1 billion. Meanwhile, SafePal introduced a Telegram crypto wallet that supports Visa cards. This week, a total of 10 projects secured funding totaling $33.84 million, reflecting continued confidence in crypto assets.

**Market Analysis: **Driven by election trends, Bitcoin reached an all-time high this week, surpassing $76,000, with a 3.62% increase over the past seven days, currently priced at $74,734.5. The Pump.fun ecosystem, Launchpad, and Stablecoin Protocol sectors achieved significant breakthroughs, with gains of approximately 35.7%, 30.8%, and 19.2%, respectively, over the past week.

**Weekly Spotlights: **Following Trump’s election win, BlackRock's Bitcoin ETF saw trading volume exceed $1 billion within 20 minutes of opening. On October 31, cryptocurrency exchange M2 experienced a hack on multiple on-chain hot wallets, resulting in losses of approximately $13.7 million.

**Data Highlights: **Pump.fun's October revenue exceeded $30.5 million, a record high with a 111% month-over-month increase. Avalon Labs’ total locked value surpassed $1 billion, maintaining its leadership in the BTCFi market.

**Market Opportunities:** An airdrop project to watch this week is Swell Network, an Ethereum liquidity staking protocol designed for stakers and node operators. Users can stake ETH, receive swETH, and earn DeFi yields. Its token airdrop will be officially available for claim on November 7, 2024, at 9:00 UTC.

**What to Watch Next Week: **On November 7, Lamborghini and Animoca Brands will collaborate to launch blockchain-based digital car games, marking their entry into the Web3 gaming sector. On a macro level, attention will be on the Federal Reserve's rate decision, as a potential rate cut could impact global assets.

Deep Dive into This Week's Review 👉🏻  [Gate Research: BlackRock's Spot ETF Booms, Bitcoin Surges Past $76,000, Pump.fun's Revenue Hits Record](https://www.gate.io/learn/articles/gate-research-black-rock-s-spot-etf-booms-bitcoin-surges-past-76000-pump-fun-s-revenue-hits-record/4658?ch=GSW_ann_20241107&utm_campaign=TR_oo7cemKL&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Nov 7th, 2024

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Gate Research: BlackRock's Spot ETF Booms, Bitcoin Surges Past $76,000, Pump.fun's Revenue Hits Record

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