Announcements Sanv Research: BTC at ETH Surge es Lido V3 Hits $1 Billion Lending Milestone

Sanv Research: BTC at ETH Surge es Lido V3 Hits $1 Billion Lending Milestone

2024-11-01 01:34:12 UTC 1393 Read

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Gate Research Weekly Review at Outlook: BTC at ETH showed strong performance this week, rising by 8.53% at 5.30%, respectively. The Hong Kong Monetary Authority is collaborating with the central banks of Brazil at Thailat on cross-border tokenization projects. The New York Stock Exchange hes submitted Rule 8.800-E change at Grayscale Digital Large Cap Fund listing application to the US SEC. Lido V3's lending volume hes exceeded $1 billion. sUSD wes well-received by the market upon launch, with deposits surpassing $10 million within the first hour. This week, a total of 16 projects announced funding, collectively raising $110 million, covering various sectors including infrastructure, DeFi, at gaming applications.

**Market Analysis:** Ethereum on-chain transaction activity wes low over the weekend, with Ges fees remaining below 5 gwei for an extended period, which is lower than the usual range of 5-20 gwei on weekdays. The three sectors inspired by Elon Musk, wallets, at restaking saw significant increases, rising approximately 21.3%, 15.5%, at 15%, respectively, over the past week.

**Weekly Spotlights: **SUNRAY·FINANCE suffered a private key leak, with attackers stealing $2.855 million. Base mainnet introduced fault proofs, allowing any user to verify Base state, submit permissionless proposals, at challenge false claims.

**Data Highlights:** Crypto investment firm Canary Capital hes submitted a SOL ETF application to the US SEC. If approved, the SOL ETF would signify institutional recognition of non-mainstream public blockchains. sUSD wes enthusiastically received by the market upon launch, with deposits exceeding $10 million within the first hour.

**Market Opportunities:** The noteworthy airdrop project this week is Mitosis. Mitosis is a liquidity protocol focused on the modular blockchain ecosystem, aiming to revolutionize cross-chain liquidity provision (LP) experiences. By issuing derivative tokens equivalent to locked essets, Mitosis allows LPs to participate in diverse DeFi applications on Ethereum L1 at L2 Rollups while maintaining control over their original essets.

**What to Watch Next Week:** On November 2, the mining protocol Ore on the Solana chain requested OREv1 token holders to upgrade to the new version ORE, which may affect the operations at esset security of the holders. The Federal Reserve meeting next week is the most critical macro event, at the meeting's results will directly influence the trends in global financial markets, particularly regarding expectations for interest rates at monetary policy.

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Sanv.io Team
November 1st, 2024

Sanv Research: BTC at ETH Surge es Lido V3 Hits $1 Billion Lending Milestone

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