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Bitget Research Weekly News: Hong Kong may open up cryptocurrency trading to retail investors, global macro uncertainty affects market sentiment.

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Focusing on on-chain data, weekly news roundup.

Source: Bitget

In the past week (5/22-5/26), there have been many new popular currencies and topics in the market.

1.市场焦点 Market Trends

1. Market Trends

The most focused topic in the market this week (05.22-05.26) is:

Hot MEME coins are rapidly alternating, and the market is waiting for the results of the debt ceiling negotiations.
Macro uncertainty has led to a sluggish market, and BTC is facing a test of support at $26,000.
BTC shows signs of weak upward momentum and falls back to yesterday's starting point, while the meme market continues to cool down.
Hong Kong may allow retail investors to trade cryptocurrencies, boosting the rise of Hong Kong concept coins.
13 years ago, 5000 BTC = 1 pizza. Now, 5000 pizzas = 1 BTC.

2. Popular Projects

本周( 05.22-05.26)热度最高的项目有：

Translation:

The most popular projects this week (05.22-05.26) are:

RFD(Token): Refund coin is initiated by Punk NFT billionaire blurr.eth. Blurr holds over $20 million in assets on the chain. The current on-chain liquidity of the token is $13.52 million, with a trading volume of $62.12 million in the past 24 hours. The contract has been checked and there are currently no issues. It is worth keeping an eye on.

PSYOP(Token): A meme coin with high popularity but continuous controversy, created by NFT giant Ben. 0x Scope tweeted that the token distribution of the new Meme coin project PSYOP, launched by crypto KOL ben.eth, is extremely centralized, with Ben holding 93.45% of the token supply. In addition, Ben.eth may face collective lawsuits for alleged wire fraud. Please participate with caution.

TinyTap Game Events (Token): Decentralized education platform supported by Animoca Brands; established in 2012, a technology startup company based in Tel Aviv, Israel, specializing in user-generated content (UGC). It is one of the top ten highest-grossing children's mobile applications on the App Store and Google Play. Tonight, the project team will hold an AMA and launch NFT and other products, which may have a certain impact on the EDU token.

The AI Odyssey (NFT): The project claims to be a social experiment involving artificial intelligence and blockchain technology. From April 25th to May 10th, users can mint NFTs for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter gives users a chance to win 5,000 USDT. Currently, the NFT is available on Opensea with a total minting quantity of 79,100 and 19,766 holding addresses.

Coinbase (Dapp): Coinbase wallet's contract is currently ranked high in terms of new user interaction on the Ethereum blockchain, showing a high number of on-chain active users. Recently, Base, a Layer 2 network under Coinbase, released its mainnet roadmap and is preparing for the launch of its mainnet. The mainnet launch standards include stable proof-of-testnet, successful Bedrock upgrade, completion of internal review and external audit, and Base has reminded that there is no plan to issue tokens. After the mainnet genesis block is generated, the Genesis Window will be opened for developers to deploy DApps on the Base mainnet. Combined with Coinbase's exchange users, it is expected to bring a good potential user base for Base L2.

Uniswap (Dapp): The Uniswap routing contract is currently at the forefront of various Ethereum DEXs, far surpassing 1inch, Metamask, 0X and others by several times. Currently, due to the prevalence of MEV Bots, aggregator routing is more easily targeted for arbitrage. Old users can avoid being sandwiched by directly trading through Uniswap.

MetaMask Swap (Dapp): The activity of the dex trading aggregator built into MetaMask continues to climb, benefiting from a large user base. Currently, there are 1.742 million independent addresses conducting transactions on MetaMask, with a total of 15.75 million interactions and an expected total revenue of $207 million. This week's revenue is $383,000.

Seaport (Dapp): Seaport is a new open-source web3 marketplace 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. With the decline in the token price and popularity of Blur, the frequency and volume of Blur transactions have also declined, and the most obvious manifestation is that Seaport gas consumption has once again exceeded Blur.

3. Hot Searches

This week's ( 05.22-05.26) most popular topics are:

Hong Kong sector Tokens (KEY, CFX, ACH, LINA, HIGH, etc.): On May 23, according to Bloomberg, the Hong Kong Securities and Futures Commission will hold a media briefing at 4:15 pm this afternoon on the consultation conclusions on regulatory requirements for virtual asset trading platform operators. Bloomberg expects Hong Kong investors to be able to trade cryptocurrencies such as BTC and ETH with appropriate safeguards starting in June;

OVR (Token): Apple will hold a "special event at Apple Park" on June 5th, which is rumored to be a product launch for AR/VR. Apple Reality Pro is expected to become one of the most powerful XR headphones, leveraging Apple's hotspot. OVR, an AR project, will launch a 5.22-6.9 App Store Giveaway event. The CEO will give a speech at WEB3 LIVE LONDON on June 1st. OVR briefly ranked first on Coingecko Trending.

ADA(Token): Recently, the community has been promoting the launch of SPO-Poll on the mainnet, which can help ADA achieve more open and transparent community bidding governance. The proposal has attracted attention from the ADA community and has been officially retweeted by the Cardano Foundation, making it the most important event in the ADA ecosystem recently.

Bitget Research Institute focuses on "focusing on on-chain data and mining valuable assets", and through real-time monitoring of on-chain data and regional hot searches, it mines cutting-edge value investments and provides institutional-level insights for cryptocurrency enthusiasts. As of now, it has provided early value assets for popular sections such as Arbitrum Ecology, XXX Ecology, and SHIB Ecology to Bitget's global users, creating better wealth effects for Bitget's global users through data-driven in-depth research.

[Disclaimer] The market is risky and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views or conclusions in this article are suitable for their specific situation before investing. Investing based on this article is at your own risk.