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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.
- 15:27Glassnode: BTC's current bull market is similar in character to 2015-2018, with current market cap up 2.1x, down from last round's peak of 5.7xThe current Bitcoin bull market is showing several structural similarities to the 2015-2018 cycle, according to Glassnode's latest research. The data shows that the Realized Cap has grown 2.1x in the current cycle, down from a peak of 5.7x in the previous cycle.
- 15:23ECB cuts interest rate by 25 bps to 2.75% for deposits as expectedOn January 30th, according to Golden Ten Data, the ECB announced a 25 basis point rate cut, lowering the deposit facility rate to 2.75%, in line with market expectations. This is the fourth consecutive meeting of the ECB to cut interest rates by 25 BP. at the same time, the main refinancing rate was reduced from 3.15% to 2.90%, and the marginal lending rate from 3.40% to 3.15%.
- 15:16Aave Founder: no one wants Ether to fail, all bad Meme coins should disappearAave founder Stani posted on the X platform that all the discussion around the Ether Foundation over the past few weeks has been great. It means Ether is alive, the community cares about Ether, and everyone doesn't want Ether to fail. But seriously, if you want to accelerate Ether, more utilities need to be built, and all the bad meme coins (memecoin shit) should go away anyway.