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Since Q2 2024, despite the overall decline in the cryptocurrency market, one ecosystem has bucked the trend and delivered exceptional returns—the TON ecosystem. The price of TON has surged by over 3.5x since the beginning of the year and is currently fluctuating around $7, near its all-time high. Backed by Telegram's nearly 1 billion users, the TON ecosystem has developed a range of unique applications that have recently become a focal point within the community.
The uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)
As global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralized exchanges can offer low-risk returns despite market volatility by utilizing diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.
On July 27 (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.
In the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, becoming a strength eco-project worth focusing on.
- 11:25On-chain whales increased their holdings, and Slerf rose by more than 50% in 24 hoursMeme sector continues to be popular. Slerf, as one of the popular MEMEs on the Solana chain, has seen whales increase their holdings today. According to Lookonchain data, a whale address spent 10,790 SOL (US$2.62 million) to purchase 6.13 million SLERF at a price of US$0.427 today. According to Bitget data, the current Slerf price is US$0.4375, with a 24-hour increase of 54%, and the market value has returned to US$200 million.
- 11:10BTC breaks through $98,000, 24-hour increase of 5.53%Bitget market data, BTC has broken through $98,000, with a 24-hour increase of 5.53%, currently reported at $98,346.
- 10:44A dormant address containing 21 BTC was activated after being inactive for 10.9 yearsWhale Alert monitoring shows that around 18:15 Singapore time today, a dormant address containing 21 BTC (2,044,662 US dollars) has just been activated after 10.9 years.