News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
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.
- 14:59Michael Novogratz: I anticipate a pullback in Bitcoin, there is currently a large amount of leverage in the crypto marketAccording to CNBC, Galaxy Digital founder and CEO Michael Novogratz has expressed his views on Bitcoin. He stated that Bitcoin is expected to break through the highly anticipated $100,000 mark in its strong rebound after the U.S. election, but this does not mean it will continue to rise. In the "Financial Forum" program, Novogratz pointed out that although a six-figure price for Bitcoin is "inevitable" and may continue to rise, it will eventually pull back. He emphasized that there is currently a large amount of leverage in the cryptocurrency market and the crypto community has been highly leveraged, so a market correction is imminent. However, Novogratz predicts that Bitcoin will not fall below $80,000 - its value before Trump was elected. At the same time he warned that stocks like MicroStrategy which trade similarly to leveraged bitcoin trades could face larger adjustments. Furthermore, Novogratz advises investors to directly purchase Bitcoin instead of companies like MicroStrategy.
- 14:59Kaanan Technology raised 30 million US dollars through the issuance of preferred sharesAccording to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. (NASDAQ: CAN) recently signed a securities purchase agreement to sell up to 30,000 shares of A-1 preferred stock at $1,000 per share to an institutional investor. The agreement will raise $30 million for the development of digital mining and equipment in North America. Previously, Canaan had completed a Series A financing round in September 2024, selling as many as 125,000 convertible preferred shares. Canaan's product development has also made progress with high demand for its Avalon A15-194T miner. The company has signed a follow-up purchase agreement with HIVE Digital Technologies and will deliver 5,000 Avalon A15 miners in the first quarter of 2025. In addition to expanding product supply, Canaan is also strengthening its mining business in North America. Its subsidiary Beet Digital LLC has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). This agreement aims to expand Canaan's mining capacity to 10 EH/s by mid-2025.
- 14:58Trader T: MicroStrategy's pre-market trading volume today exceeded 4 billion US dollarsAccording to Trader T's monitoring, MicroStrategy (MSTR) had a trading volume of 40.04 billion US dollars before the market opened today, of which 31% were active buy orders and 24% were active sell orders.
