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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.
- 15:36Keyrock acquires Turing Capital for $27.8 million to expand its digital asset management businessChainCatcher news, according to The Block, digital asset trading infrastructure provider Keyrock has announced the acquisition of Luxembourg-based alternative investment fund manager Turing Capital for $27.8 million, and has established an asset and wealth management division. Turing Capital CEO Jorge Schnura will lead the new division and join Keyrock's management team. This acquisition aims to strengthen Keyrock's investment services for institutional and high-net-worth clients, covering liquidity provision, long-term investment, and on-chain asset management. Keyrock has also recently expanded its business in the United States and plans to apply for an investment advisory license under the EU's MiCA regulation.
- 15:29Tether Treasury burns 2 billion USDT on the Tron blockchainAccording to ChainCatcher, citing Whale Alert, Tether Treasury has just burned 2 billion USDT on the Tron blockchain, worth approximately $2.00023 billions. Earlier, Tether Treasury minted a total of 2 billion USDT on the Ethereum blockchain in two separate transactions, which is suspected to be a cross-chain operation.
- 15:29Atlanta Fed GDPNow model forecasts U.S. Q3 GDP growth at 3.4%ChainCatcher news, according to Golden Ten Data, the Atlanta Fed's GDPNow model estimates that the US GDP growth rate for the third quarter will be 3.4%, an upward revision from the previous forecast of 3.1%.