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The spot Ethereum ETFs have seen two consecutive days of net inflows.
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.
- 10:33Castle Island Ventures Partner: L2 is too greedy, leading to poor performance of EthereumGolden Finance reports that the ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even referring to ETH as a "completely dead" investment. Nic Carter, a partner at Castle Island Ventures, believes that "ETH died by its own hand," because L2 was too greedy, leading to declines in Ethereum's trading activity, user growth and fees/income. Ethereum can be seen as a network with practicality but it is "absolutely not" an investment.
- 10:31This week, the net inflow of Bitcoin ETFs in the United States was 196.4 million US dollars, while Ethereum ETFs saw a net outflow of 8.7 million US dollarsGolden Finance reports, according to Farside Investors data, the net inflow of the US spot Bitcoin ETF this week was 196.4 million USD; this week, the cumulative net outflow of the US spot Ethereum ETF was 8.7 million USD.
- 10:0721Shares: Bitcoin is still defending the $84,000-$85,000 support area, a long-term bullish catalyst is formingPANews reported on March 29, according to Benzinga, Matt Mena, a cryptocurrency research strategist at 21Shares, said that US stocks have been volatile amid macroeconomic uncertainty. In contrast, BTC has shown resilience and defended the $84-85k support area. Nic Puckrin, founder of The Coin Bureau pointed out that the PCE data released this Friday could cause the Federal Reserve to delay its recent interest rate cut plan. It is expected that Bitcoin will not return to its historical highs before the Fed cuts rates again. However, long-term positive catalysts for the crypto market are forming. One of them is Paul Atkins - a crypto-friendly figure who is about to be confirmed as chairman of the U.S Securities and Exchange Commission (SEC). This could unlock Ethereum ETF pledges and approve other digital asset ETFs; in addition, proposed legislation for strategic Bitcoin reserves in the United States is expected to be introduced in May. If officially implemented it would make Bitcoin equivalent to gold as a sovereign-level asset.