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Hines, the Executive Director of the White House Crypto Council, will step down and be succeeded by Patrick Witt, as he transitions to a private sector role while advising on AI policy alongside David Sacks.
VIPBitget VIP Weekly Research InsightsThe cryptocurrency market has recently seen increased volatility, driven by macroeconomic policies, global trade tensions, and expectations the Federal Reserve's monetary policy. Although some indicators came in weak, investor sentiment improved as market expectations for a September rate cut rose sharply. Meanwhile, the slowdown in tariff adjustments has helped ease major trade frictions in the short term, with no signs of systemic risk emerging for the time being. On the crypto side, BTC turnover has fallen as many short-term traders exit the market, leading to more stable price movements. The altcoin sector continues to underperform due to a lack of sustained narratives. Despite the surge in memecoins, high-quality projects remain scarce. Large volumes of capital are cycling in and out quickly, making it difficult to invest effectively. With short-term uncertainty still high, many investors are allocating part of their portfolios to stablecoin-based Earn products. Alongside leading DeFi protocols such as Aave and Compound, platforms like Bitget offer diversified, high-yield stablecoin opportunities, providing investors with more avenues to preserve and grow their assets.
Ethena’s USDe records $5.7B in cross-chain volume, ranking third among synthetic dollars by market cap.Climbing the Synthetic Dollar RankingsImplications for DeFi and the Stablecoin Market
- 21:00In September, a total of 70 early dormant wallets transferred more than 2,800 BTC.Jinse Finance reported that, according to data from blockchain parser btcparser.com, 70 transfers were recorded in September from BTC wallets created between 2011 and 2017. In these 70 transfers, a total of 2,803.62 BTC was released, amounting to as much as $342.73 million at the current exchange rate of $122,247 per BTC.
- 20:39Nasdaq has submitted an application to the SEC to list BlackRock's Bitcoin Premium Income ETF.Jinse Finance reported that Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin Premium Income ETF. This ETF will combine Bitcoin exposure with a premium income strategy. The proposed ETF aims to attract income-focused investors while enhancing Bitcoin's status in traditional finance.
- 20:02The monthly trading volume of tokenized stocks reached $465 million in the past 30 days.Jinse Finance reported that in the past month, the monthly trading volume of tokenized stocks reached $465 million, a month-on-month increase of 136%. This growth highlights the increasing interest in trading traditional assets on the blockchain.