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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.
- 23:47Messari: Bitcoin's current average daily transaction fee revenue is less than $500,000, hitting a multi-year lowChainCatcher news, Messari's corporate research manager posted on X, stating that although bitcoin prices have repeatedly reached new highs this year, its network activity has plummeted. Currently, bitcoin's average daily transaction fee income is less than $500,000 (annualized $179 millions), the lowest level since the emergence of Ordinals and Runes.
- 23:34Overview of Key Overnight Developments on September 1521:00 (UTC+8) - 7:00 (UTC+8) Keywords: USDH, Uniswap, Galaxy Digital 1. Trump: The Federal Reserve Chairman is incompetent and is damaging the housing market 2. The probability of the Federal Reserve cutting interest rates by 25 basis points this week is 96.4% 3. Trump again urges the US Court of Appeals to approve the dismissal of Federal Reserve Governor Cook 4. Native Markets wins the token name for Hyperliquid stablecoin USDH 5. Uniswap's revenue in the past 24 hours reached $3.54 million, ranking third in the crypto revenue chart 6. Galaxy Digital received over 1.2 million SOL in less than 24 hours 7. An ancient Bitcoin whale transferred 1,176 BTC to HyperLiquid
- 22:51Altcoin season index drops to 69Jinse Finance reported that, according to Coinmarketcap data, the Altcoin Season Index is currently at 69, down 3 points from yesterday (which was 72). The index shows that in the past 90 days, about 69 out of the top 100 cryptocurrencies by market capitalization have outperformed bitcoin. It is reported that the CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins relative to bitcoin over the past 90 days.