Gate Research Weekly Report: This week, BTC experienced a surge and pullback, reaching a high of $109,702.5. ETH price continued to consolidate within a range, showing weak performance compared to BTC. Trump’s inaugural speech did not mention cryptocurrencies, leading to continued market volatility. Trump’s pardon of Silk Road founder Ross Ulbricht sparked discussions in the crypto community. Cuba’s official X account was hacked, and a related token was boosted. The TVL of the RWA protocol grew by over 200% year-over-year, reaching $7.3 billion. OP will unlock tokens worth approximately $52.97 million on January 31, representing 2.32% of the total supply.

Market Analysis: BTC experienced a surge followed by a pullback, reaching a high of $109,702.5, while ETH continued to consolidate within a range, showing relatively weaker performance compared to BTC. In the options market, current open interest stands at $46.53 billion, up approximately 11.55% from last week ($41.71 billion).

Weekly Spotlights: Trump’s inauguration speech did not mention cryptocurrencies, leading to continued market volatility. Bitwise filed for Dogecoin ETF registration in Delaware. Cuba’s official X (formerly Twitter) account was hacked and used to promote tokens.

Data Highlights: RWA protocol TVL grew over 200% year-over-year to $7.3 billion, achieving an annual growth rate exceeding 200%. Ethereum leads 2024 Gas fee revenue at $2.48 billion, followed closely by Tron at $2.15 billion.

Market Opportunity: This week’s notable airdrop project is SoSoValue, a platform that provides high-quality macro market information to help investors improve their research. The platform will launch its token on Ethereum next week and plans to airdrop 49 million $SOSO tokens in Q1.

What to Watch Next Week: The BNX network upgrade is scheduled for January 27th. On the same day, the U.S. will release its January Dallas Fed Business Activity Index. On January 30th, the Federal Reserve will announce its interest rate decision (upper limit) for January.

Deep Dive into This Week’s Review 👉🏻Gate Research: BTC Hits New High, Trump’s Inaugural Speech Omits Crypto, RWA TVL Surges 200%+ YoY

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January 24th, 2025