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VIPBitget VIP Weekly Research InsightsOver the past year, the performance of ETH and its ecosystem has been underwhelming, with the ETH/BTC ratio down by 30% year-to-date. However, it's important to note that BTC has faced a monthly-level correction after hitting resistance at $100,000, while Solana's DEX volumes have seen a significant decline. These shifts suggest that capital is starting to flow back into the ETH ecosystem, with whales quietly accumulating assets over the past year. Several promising projects within the ETH ecosystem and on EVM chains are worth highlighting.
VIPBitget VIP Weekly Research InsightsAs the regulatory landscape for DeFi and cryptocurrencies in the United States becomes clearer, top-performing DeFi projects with strong profitability are poised to give their tokens genuine value. This could involve using a portion of their profits for token buybacks or directly distributing profits to token holders. If these proposals are implemented, the valuations of these DeFi projects could experience significant upward adjustments. Early market interest has already emerged, making these projects worth investors' attention.
VIPBitget VIP Weekly Research InsightsLast week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.
- 09:34QCP Capital: The Federal Reserve may decide to lower interest rates by 25 basis points tonight, which could lead to large-scale liquidationOn December 18, QCP Capital announced on its official Telegram channel: The last Federal Reserve meeting of 2024 will be held tonight. Despite the strong festive atmosphere of Christmas, we see few reasons to celebrate. It is expected that the Fed will cut interest rates by 25 basis points at this meeting and release the final dot plot of this year. We expect tonight's statement and dot plot to carry a slightly hawkish tone, reflecting US inflation stabilizing above the Fed's target of 2% and a robust labor market. The statement is expected not to commit to a path for rate cuts in 2025, emphasizing difficulties in accelerating rate cuts. Meanwhile, the dot plot is expected to convey three rate cuts in 2025. Although we do not think that the Fed meeting will have much impact, liquidity across all markets has gradually decreased. This could lead to price volatility and potentially trigger large-scale liquidations. The technical outlook for BTC also remains cautious as it formed an evening star pattern on daily time frame showing bearish divergence. If there are declines, don't be forced into liquidating positions. With hopes for 2025 becoming a potential bull market year for cryptocurrencies especially under Trump administration maintaining status quo might bring benefits.
- 09:18Insider: Musk and SpaceX under multi-department federal review in the US for violating safety reporting regulationsOn December 18, according to The New York Times, insiders revealed that SpaceX and its CEO Elon Musk are facing at least three federal investigations for repeatedly failing to comply with federal safety reporting regulations. The Office of the Inspector General of the Department of Defense, the Air Force, and the Office of the Under Secretary of Defense for Intelligence and Security have each initiated reviews, mainly focusing on Musk's failure to accurately report sensitive information such as meetings with foreign leaders. As a major contractor receiving over $10 billion in government contracts, SpaceX's internal compliance team has repeatedly complained about the company's lax reporting system to the Department of Defense since 2021. Recently, due to potential security risks, the Air Force rejected Musk's application for high-level security clearance; several allies including Israel also expressed concerns about possible leaks of sensitive data. The issue became more sensitive as Musk was appointed to assist Trump in streamlining federal agencies and participated in Trump’s calls with foreign leaders. As a SpaceX CEO with top-secret security clearance, Musk needs to report his personal life and overseas travel information to the Department of Defense. However, according to insiders he failed to comply with these "continuous review" requirements including not fully reporting his itinerary and medication use.
- 08:52Renzo: Season 3 airdrop application is now openAccording to official news, the liquidity re-pledging agreement Renzo has announced the opening of Season 3 airdrop claims. The third season runs from July 26 to November 30, with a total allocation of 400 million REZ (4% of the total supply). There are 81,684 eligible wallets, and the claim qualification is set at 1000 ezPoints.
