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VIPBitget VIP Weekly Research InsightsThe Sui ecosystem has performed exceptionally well over the past six months, driven by a positive flywheel effect built on DeFi incentives, ecosystem partnerships, and support for high-quality projects. This cycle — subsidizing staking participation, boosting TVL and liquidity, empowering new projects with exposure and expanding its user base — has propelled Sui to the forefront. Currently, the market is speculating on a potential SUI ETF launch and anticipating another TVL milestone for the ecosystem. Recently launched Sui-based tokens, such as DEEP and WAL, have already been listed on Korea's leading exchange Upbit, demonstrating the strong backing and resources of the Sui Foundation. Additionally, an upcoming token unlock worth over $250 million has drawn further market attention. While large unlocks can trigger price concerns, as seen with Solana, SOL remains resilient, and many investors are optimistic about SUI's long-term price action. A post-unlock pullback could present an attractive entry point.
VIPBitget VIP Weekly Research InsightsIn 2025, the stablecoin market shows strong signs of growth. Research indicates that the market cap of USD-pegged stablecoins has surged 46% year-over-year, with total trading volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions in 2024. The average circulating supply is also up 28% from the previous year, reflecting sustained market demand. Once used primarily for crypto trading and DeFi collateral, stablecoins are now expanding into cross-border payments and real-world asset management, reinforcing their growing importance in the global financial system. More banks and enterprises are starting to issue their own stablecoins. Standard Chartered launched an HKD-backed stablecoin, and PayPal issued PYUSD. The CEO of Bank of America has expressed interest in launching a stablecoin once regulations permit (via CNBC). Fidelity is developing its own USD stablecoin, while JPMorgan Chase and Bank of America plan to follow suit when market conditions stabilize. Meanwhile, World Liberty Financial (backed by the Trump family) has introduced USD1, backed by assets such as government bonds and cash.
VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 16:42BlackRock Increases Holdings by 9,989 ETH, Valued at Approximately $26.47 MillionAccording to Arkham monitoring data, about two hours ago, BlackRock increased its holdings by 9,989 ETH, valued at $26.47 million, through its Ethereum exchange-traded fund ETHA from the CEX Prime hot wallet address. Historical transaction data shows that this is the third consecutive day BlackRock has increased its ETH holdings, having previously increased by 5,449 ETH and 8,162 ETH in the past two days, valued at approximately $34.34 million.
- 16:41Bitcoin Open Interest Across the Network Hits All-Time High, Surpassing $80 BillionAccording to Coinglass data, the open interest in Bitcoin futures contracts across the network is 724,350 BTC (approximately $80.64 billion), reaching a historical high. Among them, the open interest in CME Bitcoin contracts is 164,060 BTC (approximately $18.26 billion), ranking first; Binance Bitcoin contracts have an open interest of 121,870 BTC (approximately $13.57 billion), ranking second.
- 16:41Aptos: Unaffected by Sui Network Cetus IncidentAptos officially confirms that the vulnerability attack on Cetus DEX is limited to the Sui network, and the Aptos network itself, user funds, and its DeFi partners are unaffected. Currently, the Aptos security and engineering team has initiated a comprehensive audit and is closely monitoring the progress of the incident, working in collaboration with DeFi partners to ensure network security and stability.