Bitget Research Institute: ETH ETF transaction fee rate announced, Grayscale’s establishment of AI track fund may bring incremental funds to the track

In the past 24 hours, many new popular currencies and topics have appeared in the market, which may be the next opportunity to make money, including:

• The sectors with relatively strong wealth-creating effects are: AI sector, game sector, and ETH ecological projects;

• The most popular tokens and topics among users are: Ether.fi, Banana Gun, GODS;

• Potential airdrop opportunities include: Hamster Kombat, Term Finance;

Data statistics time: July 18, 2024 4: 00 (UTC + 0)

1. Market environment

Yesterday, the Nasdaq experienced its biggest one-day drop this year, and the market is making price-in adjustments to the current situation. In the crypto market, mainstream assets such as Bitcoin and Ethereum have encountered short-term resistance in rebounding, but the market still has sufficient momentum and is optimistic in the medium term.

Bitcoin ETFs have continued to receive inflows, and have been inflows for 9 consecutive trading days. As for Ethereum ETFs, as issuers have successively submitted S-1/A and other documents of spot Ethereum ETFs to the US SEC, the fees of 9 spot Ethereum ETFs have been announced and are expected to be listed and traded on July 23.

In terms of crypto asset sectors, with the overall recovery of the market, the most eye-catching rebound sectors are AI and gaming. In terms of AI, Grayscale announced a new decentralized AI package fund, which includes several mainstream AI assets such as TAO, RNDR, NEAR, and LPT.

2. Wealth-making sector

1) Sector changes: AI sector (WLD, TAO, NEAR)

main reason:

• According to the official Worldcoin blog, Tools for Humanity announced the extension of the token lock-up period for early Worldcoin contributors. Starting July 24, 2024, the WLD token lock-up period for Tools for Humanity team members and investors will be extended from the original 3 years to 5 years.

• Grayscale launched a new decentralized artificial intelligence fund, Grayscale Decentralized AI Fund LLC, which aims to strengthen the cryptocurrency industrys investment in artificial intelligence. As of today, the decentralized artificial intelligence projects already included in the funds basket include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR). Near, Filecoin and Render are the assets with the highest weights in the fund, respectively.

Rising situation: WLD rose +27% in the past 7 days. TAO rose 24.7%, and NEAR rose 32.6%;

Factors affecting the market outlook:

• Good news released: Near and WLD and other recent projects have some good news, and the market response is good. Previously, the WorldCoin Foundation announced that it will launch the World Chain public chain based on , and there may be new progress in the next two months. Worldcoin developers are also trying to cooperate with PayPal and OpenAI;

• Impact on the funding side: With the launch of the decentralized AI fund by Grayscale, it will bring a new investment tool for the AI track of the crypto industry to the mainstream market funds. This will provide convenient conditions for traditional finance to enter this field and invest. The incremental funds will continue to drive the rise of crypto assets in the AI track.

2) Sector changes: Gaming sector (GODS, ALICE)

main reason:

The game track is more eye-catching in this round of rebound, among which GODS and ALICE rebound more significantly. The tokens of these projects are mainly reflected in the performance of trading funds. The tokens have been shorted for a long time, and the trading volume is low. It is more likely to have a large short squeeze during the rebound. Short-term speculative traders can pay attention to such trading opportunities.

Rising situation: GODS rose 169.2% in the past 7 days, ALICE rose 58.6% in the past 7 days;

Factors affecting the market outlook:

• Community information: Game project tokens are easily affected by token release or token circulation changes, which can significantly affect the price of tokens. Investors should pay close attention to community information and seize investment opportunities.

• Increase or decrease in the amount of open contracts: View the contract data on the coinglass website to understand the movement of major funds, changes in funding rates, and long and short positions. Such tokens are prone to short squeezes. When there are large changes in holders and funding rates, you can seize speculative opportunities to trade.

3) Sectors that need to be focused on in the future: ETH ecosystem projects (UNI, LDO)

main reason:

The S-1 filing of the ETH spot ETF may be officially launched in the U.S. capital market on July 23, and ETH ecological assets may have room for speculation. Yesterday, Pierce, a member of the U.S. Securities and Exchange Commission, revealed in an interview that the Ethereum ETF that can be pledged may be reconsidered by the SEC.

Specific currency list:

• UNI: The first DeFi Swap project on blockchain applications. Uniswap’s average daily revenue in the past was around $1 million, which is a considerable income.

• LDO: The leading LSD project in the ETH ecosystem, with a TVL of 29.6 billion US dollars and a valuation of less than 1.8 billion US dollars, is relatively undervalued;

3. User Hot Searches

1) Popular Dapps

• Ether.fi (Dapp)

The Ether.fi Foundation recently summarized the utility of the ETHFI token, including announcing last month that 50% of the protocols monthly income will be allocated to repurchase ETHFI tokens. Users can stake their ETHFI tokens and receive double protocol points by staking in Karak. While creating a liquidity pool for ETHFI, ether.fi also launched the ETHFI cross-chain function through Wormhole, allowing users to claim L2 tokens on Arbitrum. The token will announce the second phase of airdrops in the near future, and the tokens volatility is expected to increase in the near future.

2) Twitter

• Banana Gun (Dapp)

Banana Gun Bot is a well-known Telegram trading robot that allows users to quickly conduct DeFi transactions and snap up token pre-sales through the Telegram platform. A key advantage of Banana Gun is its revenue sharing model. Users holding Banana tokens can share the income generated by the robot, which includes 40% of the robots income after referrals and 50% of the tax income from transactions conducted through the robot. As the secondary market picks up, the token is performing well. The price of BANANA is currently fluctuating around US$55, up nearly 30% in a month, with a good wealth effect. The token has been listed on Bitget.

3) Google Search Region

From a global perspective:

What is mining?

Cryptocurrency mining is the process of creating new digital currency units and verifying transactions for those units on a blockchain network. The most famous example is Bitcoin mining, but many other cryptocurrencies also use mining as part of their network operations. As the market expects the Republican Party to win the 2024 US election, the market is paying attention to the profitability of crypto mining companies and related industries in advance, mainly because the Republican Party supports the US to carry out crypto mining operations.

From the hot searches in each region:

(1) There are no obvious characteristics in the Google Trends hot searches of Asian countries. Tokens with strong wealth effects such as GODS, A 8, and ALICE have become the focus of market attention. Assets such as BTC, LDO, and RPL are also on the list of hot searches in Asian countries.

(2) AI, Polygon, ARKM, WLD and other hot search assets in Europe and the United States are on the list. The AI track has become the initial focus of market attention, and Bitget has become a CEX that British users pay attention to.

Potential Airdrop Opportunities

Hamster Kombat

Hamster Kombat is a click game based on Telegram. Players can purchase replacement coins by clicking and other methods. Players play the role of the CEO of a cryptocurrency exchange. Just click on the hamster on the screen on Telegram to get coins. By earning coins to strengthen the exchange and upgrade hourly profits, you can get token airdrop rewards in the future. Players can also increase their income by subscribing to Telegram channels, inviting friends, etc.

The project currently has more than 150 million users worldwide. In terms of the community, the number of followers on Twitter is 12 million, and the number of followers on the TG official channel is over 50 million.

Specific participation methods:

• Tap 2 Earn a fixed amount of Hamster Coins every day;

• According to the community information, use Hamster Coins to purchase combination cards, increase the number of Hamster Coins passively obtained, and receive the daily Hamster Coin airdrop gift pack;

• Bitget has launched a pre-market market, where you can place some pre-market sell orders according to the situation and directly lock in profits.

Term Finance

Term Finance is a decentralized lending protocol that leverages a unique auction model to support scalable fixed-rate/term lending, the first of its kind in the DeFi space. It brings borrowers and lenders together in a fair and transparent auction process to determine a single market clearing rate for all participants, regardless of size.

Term Finance recently completed seed and strategic rounds of financing, with Electric Capital, Coinbase Ventures and other well-known institutions participating in the investment, with a financing amount of US$8 million. On July 9, the project announced the launch of

How to participate: 1. Register: Use an invitation code or referral link; 2. Link social: Link X and Discord for easy login; 3. Check bonus eligibility; 4. Participate: Borrow by participating in regular auctions; 5. Track: Get an in-depth understanding of how to maximize points through Terms tracking dashboard.

Original link: https://www.bitget.com/zh-CN/research/articles/12560603812981

【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk.