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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
- 15:04Over $30 million in liquidations across the entire network in the past hour, mainly long positionsAccording to Jinse Finance, Coinglass data shows that in the past hour, the total liquidation across the network reached $33.87 million, with long positions liquidated for $30.41 million and short positions liquidated for $3.46 million.
- 14:35Peter Schiff: If the Federal Reserve cuts interest rates amid rising inflation, it will be a major policy mistake; BTC not only failed to break out but is showing signs of peaking.ChainCatcher News, economist and cryptocurrency critic Peter Schiff tweeted, "The Federal Reserve may be about to make a major policy mistake—cutting interest rates while inflation is rising. Gold and silver have already broken out to the upside, with mining stocks leading the rally, confirming the trend. However, bitcoin has not broken out and is showing signs of topping out, so investors may need to reassess their portfolio strategies."
- 14:06Bio Protocol: IP tokens will be launched on Bio V2 and sold through Ignition SalesChainCatcher News, Bio Protocol posted on social media stating, "IP tokens will soon be launched on Bio V2 and will be sold through Ignition Sales, targeting BIO and BioXP holders. IPT represents a single atomic unit of science (such as a new compound, screening system, or therapeutic method), which can be generated by BioAgents, BioDAOs, or individual laboratories, and will return value to contributing nodes. Just as AI-driven 'vibe coding' is transforming software engineering, 'vibe science' will soon change drug development as well. The next round of Bio V2 Ignition Sales is planned to take place next week on the Base platform." Risk Warning