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VIPBitget VIP Weekly Research InsightsAs the Federal Reserve begins its interest rate cut cycle, the cryptocurrency market is experiencing a broad recovery. Alongside mainstream assets like BTC and ETH, the AI sector has also rebounded rapidly. The convergence of AI and crypto has emerged as a compelling narrative in this market cycle, attracting numerous tech teams and venture capital firms. Leading projects in the space have shown significant growth. Recommended projects to watch closely include Bittensor (TAO), Near Protocol (NEAR), and Arkham (ARKM).
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.
- 02:57Unipcs Converts SAVIOUR Tokens into 812,671 USELESS and Burns Them, Valued at Approximately $223,000According to a report by Jinse Finance, Lookonchain monitoring shows that Unipcs (@theunipcs) exchanged all of the SAVIOUR tokens he received for free into 812,671 USELESS tokens, worth approximately $223,000, and subsequently burned all of these tokens. Currently, @theunipcs holds 28.08 million USELESS tokens, valued at $7.98 million, with an unrealized profit of $7.6 million.
- 02:24Trump: Tariff Letter to Be Issued at 12:00 Noon Monday Beijing TimeAccording to Jinse Finance, U.S. President Trump posted on social media: I am pleased to announce that the U.S. will begin sending out tariff letters and/or agreements with countries around the world starting at 12:00 noon Eastern Time on July 7 (early Tuesday morning in GMT+8).
- 02:16US House Hearing on Crypto Tax Framework Postponed Due to Recess, New Date UndecidedAccording to a report by Jinse Finance, crypto journalist Eleanor Terrett has provided an update on her previous coverage, noting that due to the U.S. House of Representatives being in recess this week, the hearing on the crypto tax framework originally scheduled for Wednesday will be rescheduled, with the specific date yet to be determined. This update indicates that the hearing will not proceed as initially planned, and a new date has not been announced. Previously, Eleanor Terrett revealed that the U.S. Senate Banking Committee plans to hold a full committee hearing next Wednesday (July 9) at 22:00 (UTC+8), focusing on market structure issues.