Crypto Assets Weekly: Ether Breaks $4000 for the First Time in Over Two Years

Welcome to this week's Crypto Assets Weekly Report. 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 Overview

Last week, Layer 2 all showed positive growth, with Starknet showing the most significant increase at 19.64%. Protocols such as Stear Protocol, Polynomial Protocol, Interport Finance, Fringe V2, and Carmine Options demonstrated significant TVL growth.

In the LSD sector, both the deposit amount and total withdrawal amount of Ether have increased, with the withdrawal amount rising more significantly, reaching 3.74%. In terms of market share, all major LSDs have seen substantial growth, with stETH showing the most significant increase at 13.01%.

Real World Assets ( RWA ) market cap increased by 20.27%, with a 24-hour trading volume rise of 9.37%. RWA tokenized treasury rose by 2.07%, and the value of tokenized US Treasury bonds increased by 2.47%. Notable growth tokens include $CGT, $RWA, and $PROPS, while tokens such as $DEXTF, $LUMI, and $LAND experienced significant losses.

This week's focus

• Ether has broken through 4000 dollars for the first time in over two years.
• Recommended Protocol: NetMind, a decentralized AI computing platform
• Investment Focus: Kravata(3.6M), GoPlus Security(4M), Oyl(3M)

Macroscopic Overview

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

Ether broke through 4000 USD

ETH, as the second largest crypto asset by market capitalization, touched $4,000 for the first time on Friday, marking the first occurrence in over two years. Over the past 30 days, Ether has risen by 67%, outperforming Bitcoin's 57% increase. This surge is fueled by speculation regarding the approval of the U.S. spot Ether exchange-traded fund (ETF). Analysts believe that the probability of the spot Ether ETF being approved is between 50% and 60%.

NetMind Protocol Introduction

NetMind is a decentralized AI computing platform aimed at leveraging the idle GPU resources of global users to create a global computing power network for AI models. It offers 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. Its native token $NMT has a total supply of 10 billion and is used for platform payments and various rewards.

Investment Focus

1. Kravata: A financial infrastructure service platform for enterprises to access Web3 in Latin America.

2. GoPlus Security: An open, permissionless user-driven security service platform.

3. Oyl: A Bitcoin trading application that supports direct wallet transactions of Ordinals, BRC20, and Bitcoin native assets.

Industry Update

• MakerDAO implements a temporary fee increase to address potential impacts from Dai demand.
• Aevo offers 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 plans to privately sell OP coins worth 89 million USD.
• Base indicates that it will support EIP-4844 on the "first day" after the Dencun upgrade.

Important Events Next Week

• March 12: Germany Consumer Price Index (CPI)
• March 12: U.S. Core Consumer Price Index (CPI)
• March 13: U.S. 10-Year Treasury Auction
• March 13: US crude oil inventory
• March 14: US 30-Year Treasury Bond Auction

Thank you for reading this week's weekly report. We hope you benefit from our insights and observations.

This weekly report is for informational purposes only. It should not be considered as investment advice. Before making any investment decisions, you should conduct your own research and consult independent financial, tax, or legal advisors. Moreover, past performance of any asset does not guarantee future results.