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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
- 02:23Jia Yueting: The signal released by the Federal Reserve's rate cut is more important than the rate cut itself and is positive for digital assets.ChainCatcher news, Jia Yueting posted on social media stating that the signal released by the Federal Reserve's interest rate cut is more important than the rate cut itself. This means that the cash held by investors will continue to lose purchasing power. Therefore—allocating part of one's wealth into a basket of transparent, decentralized digital assets that can grow in sync with global technology and the economy is no longer a speculative act. I would call this "intelligent financial planning." This is not financial advice, please make sure to do your own research.
- 02:05Openverse secures $8 million in strategic Series B funding, with participation from Bright Capital and othersJinse Finance reported, according to an official X announcement, that Layer0 infrastructure project Openverse has completed an $8 million strategic Series B financing round. Investors include Bright Capital, KCInternational, Innovation Engine, Go2Mars, Becker Ventures, GAEA Ventures, and several family offices. The funds will be used to strengthen cross-chain interoperability and mainnet capabilities, advancing the infrastructure for the "Internet of Value." According to the official statement, total strategic financing has reached $11 million. Openverse positions itself as Layer0, has deployed its protocol stack on multiple L1s, and focuses on building bridge-free cross-chain interoperability, an RWA tokenization framework, and native multi-chain payments, with Bitgold (BTG) serving as the value anchor.
- 02:020G opens airdrop registration and inquiry; applicants must complete KYC by September 21Foresight News reported that the 0G Foundation has announced the opening of airdrop registration and eligibility checking. All airdrop recipients must upload their wallet addresses and link their social accounts in the verification tool, and complete KYC verification before 08:00 on September 21, in order to claim the 0G token airdrop on the first day of TGE. Eligible recipients include: 0G Discord role holders, 0G Kaito Yappers, One Gravity NFT holders, and participants in social tasks (Intract & Galxe), among others. The core utilities of 0G include: staking delegation for validator nodes, payment for AI service marketplace, data storage and computing power service fees, on-chain transaction fees, and providing governance voting rights.