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

This week, the Crypto Assets market showed an upward trend, with Ether performing particularly well, breaking through the $4000 mark for the first time. Let's take a look back at the important events and market dynamics of this week.

Market Overview

The overall Layer 2 ecosystem is showing growth, with Starknet performing the best, with an increase of 19.64%. In the LSD sector, both the deposit and withdrawal amounts for Ether have risen, with the withdrawal amount showing a more significant increase. The market value of the RWA sector has grown by 20.27%, and the trading volume in the last 24 hours has increased by 9.37%.

Major Events

Ether has broken the $4000 barrier for the first time in over two years. As the second-largest Crypto Asset by market capitalization, Ether reached $4000 on Friday, the last time it hit such a high was in December 2021. In the past 30 days, Ether has surged by 67%, outperforming Bitcoin's 57% increase. Analysts believe that this rally is driven by market expectations for the approval of the U.S. spot Ether exchange-traded fund ( ETF ).

Protocol Focus: NetMind

NetMind is a decentralized AI computing platform aimed at utilizing the idle GPU resources of global users to provide computational support for AI model training. The platform achieves decentralized management through its own NetMind Chain and issues the native token $NMT as an ecological incentive. Currently, NetMind offers multiple solutions, including the distributed computing platform NetMind Power and the customizable chatbot NetMind Chat.

Investment Trends

• Kravata secured $3.6 million in funding, aiming to connect traditional finance in Latin America with Crypto Assets.
• GoPlus Security raised $4 million to provide blockchain security services.
• Bitcoin trading application Oyl raised $3 million.

Industry Update

• MakerDAO temporarily raised fees in preparation for potential Dai demand impact.
• Aevo offers pre-market trading of its tokens before 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 will support EIP-4844 after the Dencun upgrade.

Recently, the market has performed strongly, especially as Ether breaks through the $4000 mark, attracting attention. With various innovative projects emerging and institutions entering the field, the crypto assets industry is迎来 a new round of development opportunities. Investors should closely monitor market dynamics while cautiously assessing risks.