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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.
- 07:20Starknet launches BTC staking integration upgradeChainCatcher reported that Starknet has announced the commencement of BTC staking integration upgrades. The staking protocol will be suspended for several hours to complete this major update. This upgrade will allow Bitcoin holders to participate in Starknet consensus. Specific parameters include: BTC staking weight set at 0.25, meaning Bitcoin accounts for 25% of the consensus weight, while the remaining 75% is borne by STRK; initial support for WBTC, LBTC, tBTC, and SolvBTC, with other BTC derivatives able to be added through governance; the unstaking period will be shortened from 21 days to 7 days, applicable to both BTC and STRK stakers. Previously, it was reported that Starknet's BTC staking feature will go live on the mainnet on September 30.
- 07:20Matrixport: The Federal Reserve may start cutting interest rates, and easing expectations are likely to drive the continuation of the bull marketChainCatcher news, Matrixport released today’s chart stating, “The probability of the Federal Reserve cutting interest rates by 25 basis points this week has risen significantly. Although there are still voices in the market for ‘no change’ or a ‘one-time 50 basis point cut,’ with inflation below target and limited tariff pressure, the Fed is more likely to opt for a mild rate cut, continuing its cautious stance. In a loose monetary environment, concerns about ‘priced-in good news’ are unlikely to hold, and instead, such conditions are more likely to drive the continuation of the bull market. Our monitoring shows that the market has already priced in expectations for more than three rate cuts, and this round of easing expectations may provide momentum for bitcoin to reach new highs.”
- 07:20Recently, actual spot buying of BTC has been limited, and a divergence has emerged between ETF net inflows and the increase in spot exposure.According to ChainCatcher, on-chain data analyst Murphy stated that ETF net inflows are usually seen as a signal of continuous institutional accumulation of BTC. Historically, there has been a high correlation between BTC price increases and significant ETF net inflows. On September 10 and 11, the combined net inflow exceeded 9,700 BTC. Similar situations also occurred in April and June this year, when market rallies were likewise accompanied by a sudden increase in ETF net inflows. However, there are differences in the structure of recent inflows compared to previous ones. During the rally phases in April and June, the increase in ETF holdings was much greater than the change in CME futures positions, indicating that capital mainly entered directly through spot ETFs, bringing substantial buying demand. On September 10 and 11, although ETF net inflows increased significantly, the corresponding spot exposure was relatively small, providing limited real spot buying momentum for BTC. If there are higher expectations for the market going forward, it is necessary not only to see an increase in ETF net inflows, but also to see sufficiently large spot exposure purchases to truly support the continuation of the rally. This analysis is for learning and communication purposes only and does not constitute investment advice.