Crypto Assets Weekly Report: Ether Surpasses $4,000 for the First Time in Over Two Years

Welcome to this week's Crypto Assets market summary. We bring you key market trends, in-depth insights into emerging protocols, and the latest industry dynamics, aimed at enhancing your expertise in Crypto Assets and Web3.

Market and Industry Snapshot

Last week, the Layer 2 ecosystem showed widespread growth, with Starknet experiencing the most significant increase at 19.64%. The TVL growth rates of protocols such as Stear Protocol, Polynomial Protocol, Interport Finance, Fringe V2, and Carmine Options are worth noting.

In the LSD field, the deposit volume and total withdrawal volume of Ethereum have both increased, with a more pronounced growth in withdrawal volume, reaching 3.74%. In terms of market share, mainstream LSD tokens have seen significant growth, among which stETH has increased the most, reaching 13.01%.

In the RWA sector, the global real asset market value increased by 20.27% last week, with a 24-hour trading volume rise of 9.37%. The tokenized treasury for RWA rose by 2.07%, and the value of tokenized US Treasury bonds increased by 2.47%. Notably, tokens like $CGT, $RWA, and $PROPS performed exceptionally well, while $DEXTF, $LUMI, and $LAND experienced significant declines.

Main Topics

Macro Overview

This week, the SPX and NASDAQ fell by 0.14% and 1.14% respectively. In the coming week, attention should be paid to important economic data such as the German Consumer Price Index, Core Consumer Price Index, 10-year Treasury auction, crude oil inventories, and 30-year Treasury auction.

This week's major event: Ether breaks through $4,000

As the second-largest crypto asset by market capitalization, Ether reached $4,000 for the first time on Friday, setting a new high in over two years. In the past 30 days, Ether has risen 67%, outperforming Bitcoin's 57% increase. The market generally believes that this upward trend is related to expectations for the approval of the US spot Ether ETF (. However, analysts have given an approval probability of 50%-60%, stating that this process "will happen sooner or later."

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) Weekly Protocol Recommendation: NetMind

NetMind is a decentralized AI computing platform aimed at addressing the issues of high-performance computing resource shortages, decentralization, and rising costs. The platform leverages the idle GPU resources of global users to create a global computing power network for AI models.

NetMind provides the following main solutions:

• NetMind Power: Distributed Computing Platform
• NetMind Chat: Customizable Chatbot
• NetMind Avagi: Personalized Digital Entity
• NetMind Life: Health Assessment and Recommendation System

NetMind has launched its own NetMind Chain, which uses the POA consensus algorithm and is fully compatible with Ether. The platform's native token $NMT has a total supply of 10 billion and is mainly used for paying platform fees and various participant rewards.

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) Weekly VC Investment Focus

• Kravata: Raised $3.6M in funding to provide a bridge between traditional finance and Crypto Assets for businesses in Latin America.
• GoPlus Security: Secured $4 million in funding to provide an open blockchain security service platform.
• Oyl: Secured $3M in funding to develop a Bitcoin trading application that supports Ordinals, BRC20, and Bitcoin native asset trading.

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) protocol event

• MakerDAO implemented a temporary fee increase to address potential Dai demand shocks.
• Aevo is offering pre-market trading of its own tokens ahead of the upcoming airdrop.
• BlackRock plans to purchase spot Bitcoin ETFs for its global allocation fund.
• The Optimism Foundation will sell OP coins worth $89 million in a private placement.
• Base indicates that it will support EIP-4844 on the "first day" after the Dencun upgrade.

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) Industry Update

• Solana client Jito Labs cancels mempool function to address the increase in MEV attacks.
• As the halving approaches and miners cash out, Bitcoin trading volume surges.
• Coinbase's stock price first surpassed the direct listing price of 250 dollars.
• The Governor of Wyoming signed a bill granting legal status to DAOs in the state.
• JPMorgan stated that it is unrealistic to expect Bitcoin to match gold in nominal terms within a portfolio.

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Events Next Week

In the coming week, several important economic data will be released, including the US CPI, PPI, and retail sales, which may impact the Crypto Assets market.

This weekly report is for reference only and does not constitute investment advice. Please conduct independent research and consult a professional advisor before making any investment decisions. Past performance does not guarantee future results.

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