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VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behaviour reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
VIPBitget VIP Weekly Research InsightsIn recent weeks, increasing risk-averse sentiment and a decrease in demand for leverage have resulted in a significant decline in yields across Earn products. On major DeFi platforms, stablecoin yields have dropped below 4%, while on centralised exchanges, yields on stablecoin-based Earn products are now around 2%. In contrast, Bitget HodlerYield provides users with a 10% APR on stablecoins, without a 7-day cooldown for withdrawals or claims. Funds can be deposited and redeemed instantly, offering greater convenience and flexibility.
VIPBitget VIP Weekly Research InsightsThe RWA (Real-World Assets) sector has been gaining significant traction in the crypto space, as it tokenises traditional assets like real estate and bonds to bridge the gap between TradFi and DeFi. This process unlocks trillions of dollars in potential value, while enabling broader access to high-value investments through asset fractionalisation, increased liquidity, and lower entry barriers. RWA also diversifies and stabilises DeFi collateral options, addressing the sector's over-reliance on crypto-native assets and paving the way for large-scale adoption. With regulatory frameworks becoming clearer worldwide, the compliance advantages of RWAs are increasingly evident—drawing in institutional capital. What sets RWA projects apart is their connection to real-world income streams like rent and interest payments, offering more sustainable returns than purely speculative assets. These cash-flow-generating features appeal to investors seeking steady returns. As such, RWA is seen as a crucial step in the evolution of blockchain technology from concept to practicality. Its development potential and practical use cases make it an important sector in the crypto industry today.
- 19:11US government "shutdown" enters its 24th day, over 500,000 federal employees fail to receive salariesJinse Finance reported that on October 24 local time, as the U.S. government shutdown entered its 24th day, more than 500,000 federal employees failed to receive their full paychecks on time this week. The Senate is currently in recess, and the shutdown is expected to continue until next Monday. Due to significant differences between the Republican and Democratic parties on core issues such as healthcare-related welfare spending, the Senate failed to pass a new temporary funding bill before the end of the last fiscal year on September 30, resulting in the federal government running out of funds to maintain normal operations and entering a "shutdown" starting October 1.
- 18:41Tether plans to launch the US-compliant stablecoin USAT in December, targeting 100 million US users.Jinse Finance reported that Tether CEO Paolo Ardoino stated the company plans to launch the US dollar stablecoin USAT, compliant with the GENIUS Act regulations and targeting the US market, in December. By leveraging platforms such as Rumble, Tether aims to expand its potential user base to 100 millions. USAT will be issued by a joint venture between Tether and the regulated crypto bank Anchorage Digital. Ardoino said the company will continue to invest in content platforms and social media to drive creator economy payment applications, competing for market share with rivals such as PayPal. Meanwhile, Tether's flagship stablecoin USDT supply has increased to 182 billions, maintaining its dominant position in the approximately 300 billions stablecoin market. The market value of XAUT, backed by physical gold, has surpassed 2.2 billions this year, more than tripling since the beginning of the year, mainly driven by retail demand.
- 18:11Data: If ETH breaks through $4,083, the cumulative short liquidation intensity on major CEXs will reach $1.561 billions.According to ChainCatcher, citing data from Coinglass, if ETH breaks through $4,083, the cumulative short liquidation intensity on major CEXs will reach $1.561 billions. Conversely, if ETH falls below $3,697, the cumulative long liquidation intensity on major CEXs will reach $1.292 billions.