Bitget Research Weekly News: Asset management giant Fidelity applies for Bitcoin spot ETF, Azuki embroiled in community turmoil

Author: Bitget Research Institute

In the past week (6/26-6/30), the market has seen several new popular coins and topics.

1. Market Trends

The most focused topics in the market this week (06.26-06.30) are:

• Fidelity re-submitted the BTC spot ETF, BCH surged past $300

• PEPE 2.0 leads the meme 2.0 concept, Azuki deepens the NFT bear market

• BTC maintains range-bound fluctuations, meme sector experiences a short-term rebound

• Sector rotation cycle shortens, OP rises ending ARB's relay

• Whales increase holdings in AAVE, DeFi sector projects rise in turn

2. Popular Projects

The hottest projects this week (06.26-06.30) are:

PEPE 2.0 (token): A meme coin created by wallet addresses blacklisted by the PEPE founder, aiming to be more decentralized than PEPE. In the past two days, it has led the on-chain meme coin market, spawning a series of 2.0 meme tokens; the token currently has a market cap of $18 million, a 24-hour trading volume of $19 million, and a high turnover rate; available for trading on Bitget;

BILI (token): The largest shib community promotion project in China, originating from Bilibili's stock code on Nasdaq, an experimental project uniting the Chinese-speaking community. The current token market cap is $2.47 million, with a 24-hour trading volume of $60,000 and 2,101 holding addresses;

L (token): A community meme based on the character L from Death Note, this project airdropped to Twitter Blue users, with a massive user base of real individuals. The token's on-chain liquidity is $910,000, with a recent 24-hour trading volume of $2.9 million, and the price is fluctuating at a low level;

VMPX (Token): On June 27, XEN founder Jack held a community AMA, promoting VMPX as a bridge between Bitcoin & Ethereum and the public chain X 1. As the release of X 1 approaches, VMPX will be exchanged for token XN at a ratio of 1:3, leading to increased market buying pressure;

Azuki (NFT): Yesterday, Azuki launched the Elementals series NFT, with a release price of 2 ETH. Initially, the community was enthusiastic about the fundraising. However, after the NFT reveal, the community found that the content of the NFT was not significantly different from the original series. As disappointment and feelings of deception spread, the prices of Azuki and Beanz series NFTs plummeted by 50%, with trading volume surging.

Seaport (NFT): Seaport is a brand new open-source web 3 market protocol for securely and efficiently buying and selling NFTs. Seaport was first launched on Ethereum and is now also available on Polygon. This data directly measures the trading volume of Opensea; as the token price of Blur declines and its popularity wanes, the trading frequency and volume of Blur have also decreased, with Seaport gas consumption surpassing Blur again;

zkSync (Dapp): Recently, zkSync's interaction activity has remained at the top for new ETH users. According to the latest data from Dune, zkSync Era mainnet has reached 1.061 million independent wallet addresses, with 539,000 ETH cross-chain to zkSync and a total of 1.289 million transfer transactions. Additionally, users can check their wallet's interaction count with zkSync using https://byfishh.github.io/zk-flow/, combining Dune dashboard data to create premium accounts;

Maverick (Dapp): A dynamic distribution automated market maker (AMM) DEX that moves based on trading prices, recently launched on Binance Launchpool. The project is supported by top institutions, including Founders Fund, Pentera, Jump, and Circle. Today's platform trading volume is $45.35 million, entering the top ten daily trading volumes for DEX, with high popularity;

Holograph (Dapp): A full-chain NFT protocol that allows NFTs to be transferred seamlessly between blockchains without encapsulation. LayerZero will support Holograph as its cross-chain messaging solution. Yesterday, it launched a limited-time free multi-chain minting event called "How Far We've Come," created by artist JimenaBuenaVida, allowing free minting on multiple chains for 72 hours;

3. Hot Searches

The hottest topics this week (06.26-06.30) are:

BTC (Token): BTC's market share has risen to 52%. In the past two months, MicroStrategy has increased its holdings by $350 million in BTC. Interestingly, historically, whenever the ETG Foundation sells or MicroStrategy buys, the market tends to drop in the short term.

APE (Token): Bored Ape Yacht Club (BAYC) announced the launch of a new game, HV-MTL Forge, on June 29. This is a space-building game where players can build or customize a unique exhibition space. The story of HV-MTL Forge revolves around the HV-MTL robot NFT created by BAYC. Holding its NFT grants access to participate. The token price shows no significant upward trend and is already listed on Bitget.

SUI (Token): Previously, the top 10 whale "DeFi^2" on DeBank claimed that the Sui team falsely reported the token release volume and is selling through Binance to obtain rewards from "locked" and "non-circulating" staked SUI. The holding ratio of SUI holders may be diluted by 20% each month. The Sui Foundation responded that it has not sold non-circulating SUI rewards on Binance and will soon release detailed plans for token releases;

XEN (Token): XEN founder Jack held a community AMA, promoting VMPX as a bridge between Bitcoin & Ethereum and the public chain X 1. As the release of X 1 approaches, VMPX will be exchanged for token XN at a ratio of 1:3, leading to increased market buying pressure.

The Bitget Research Institute focuses on "focusing on on-chain data, mining valuable assets," by continuously monitoring on-chain data and regional hot searches to uncover cutting-edge value investments, providing institutional-level insights for crypto enthusiasts. To date, it has provided Bitget global users with early valuable assets in multiple popular sectors such as 【Arbitrum ecosystem】, 【AI ecosystem】, and 【SHIB ecosystem】, creating a better wealth effect for Bitget global users through data-driven in-depth research.