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VIPBitget VIP Weekly Research InsightsLiquid staking emerged after Ethereum transitioned from a proof-of-work to a proof-of-stake mechanism. Its primary goal is to enhance asset utility by allowing users to earn staking rewards while maintaining the liquidity of their staked positions. Currently, mainstream liquid staking protocols allow users to stake their assets in exchange for liquid staking tokens (LSTs). For instance, by staking ETH on platforms such as Lido, users receive stETH tokens. This approach is commonly referred to as "liquid staking derivatives" (LSDs). Since Binance hinted at collaborating with Sanctum to launch the Solana liquid staking token BNSOL, Sanctum's governance token CLOUD has gained significant attention, rising despite unfavorable market trends. On September 5, Bybit announced its partnership with Solayer to launch bbSOL. Additionally, major exchanges have unveiled plans to introduce Solana LST tokens. EigenLayer also began its second season of airdrop claims this week, with its governance token EIGEN potentially circulating by the end of September. The LSD and restaking sectors are gaining quiet momentum, potentially setting the stage for a new wave of hype around restaking within the SOL ecosystem.
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VIPBitget VIP Weekly Research InsightsUS initial claims for unemployment insurance and the unemployment rate are being released this week, key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.
- 15:55ANALYSIS: ETH Price Action Similar to Last August's Bottom, Several Indicators Show Bullish SignalsAccording to reports, ethereum (ETH) price action is now similar to when it bottomed out in August last year, suggesting that a new rally could be on the horizon. Data shows that ETH is down 32 per cent since mid-December 2024 to $2,770, significantly lagging behind Bitcoin's performance. Jake Ostrovskis, an over-the-counter (OTC) trader at cryptocurrency market maker Wintermute, said demand for over-the-counter (OTC) trading in ETH remained strong, despite market volatility over the weekend that caused some funds to blow up their positions. The US spot ETH ETF saw net inflows of $420 million this week, or about 13 per cent of the $3.18 billion total inflows since listing, according to the data. In the options market, large call option trades on the Deribit exchange, including a combination of calls with a buy strike of $3,500 and a sell strike of $5,000 and an expiry date of 26 December 2025, suggest investors are bullish on ETH crossing $5,000 by the end of the year.
- 15:53Analyst: Bitcoin Price Currently Relying on Strategy for Support, VC Funding Not Yet MassiveAccording to Blockworks, Empire analyst Jason Yanowitz noted that the current cycle may still be early if we exclude Strategy's (formerly MicroStrategy) bitcoin purchases, and that the current bitcoin price is entirely dependent on the more than $20 billion that Strategy has thrown at it since the end of last year. The market is still in a ‘pure player takeover’ (PvP) phase, and venture capital has yet to come in on a large scale. Dan Matuszewski of CMS Holdings agrees, pointing out that the effects of the 2022 bear market are still being felt, and that there is a fundamental lack of liquidity in the market, which is preventing substantial inflows, which have yet to come in on a large scale, with the exception of a ‘select few’. The debate about whether or not the top has been reached will intensify. But regardless of the position in the cycle, we need to recognise that the new regulator is just getting started and its policies could be a catalyst for the future.
- 15:52US White House: jobs data underlines need for Trump's pro-growth policiesThe U.S. White House said the jobs data underscores the need for Trump's pro-growth policies, according to Golden Ten.