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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.
- 09:20Circle Receives In-Principle Approval from Abu Dhabi Regulator to Operate as a Money Services ProviderApril 29 news, according to TheBlock, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to stablecoin issuer Circle, allowing it to operate as a money services provider. This move follows Circle's establishment of a new legal entity within ADGM in December 2024, aimed at expanding its global business presence in the Middle East and Africa regions.
- 09:20Standard Chartered: Three Reasons BTC May Be in a New Rally and Hit New Highs This QuarterStandard Chartered analyst Geoff Kendrick has reiterated that despite Bitcoin's decline at the beginning of this year, three major reasons will drive Bitcoin into a new rally this quarter and reach new historical highs: 1. Economic turmoil increases Bitcoin's appeal, with the shift of funds among safe-haven assets already underway. Funds are moving from gold ETFs to Bitcoin ETFs, indicating that investors are starting to view Bitcoin as a better safe-haven asset than gold. 2. Buying behaviors triggered by tariffs show that "Bitcoin whales" (investors holding more than 1,000 bitcoins) have been accumulating Bitcoin during price drops caused by tariffs. 3. More catalysts are forming, such as the increased purchase by pension funds and sovereign wealth funds. Previously, Trump has highlighted that stablecoin legislation may be introduced this summer.
- 09:20Neo to Shut Down Neo Legacy Mainnet on October 31April 29 news, Neo officially announced that it will shut down the Neo Legacy network, which has served the Neo ecosystem for over 8 years since its launch in 2016. With the launch of the next-generation blockchain Neo N3 in 2021, Neo has decided to close the Neo Legacy network in 2025. The Neo Legacy testnet will be shut down on June 1, and the mainnet will be shut down on October 31. Users need to migrate their assets and smart contracts to Neo N3 before the shutdown, or they will be permanently lost.