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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
- 20:22The Dow Jones Index closed up by 617.08 points, while the S&P 500 and Nasdaq both rose.ChainCatcher news, according to Golden Ten Data, the Dow Jones Index closed up 617.08 points, or 1.36%, at 46,108 points on Thursday, September 11; the S&P 500 Index rose 55.43 points, or 0.85%, to 6,587.47 points; and the Nasdaq Composite Index increased by 157.01 points, or 0.72%, to 22,043.07 points.
- 20:09All three major U.S. stock indexes hit record highs, Golden Dragon Index rises nearly 3%According to ChainCatcher, citing Golden Ten Data, U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average preliminarily up 1.36%, the S&P 500 up 0.85%, and the Nasdaq up 0.7%, all reaching new record closing highs. Tesla (TSLA.O) rose 6%, Oracle (ORCL.N) fell more than 6%, and Figure closed up 24% on its first day of trading. The Nasdaq Golden Dragon China Index closed up 2.89%, Alibaba (BABA.N) rose 7.98%, JD.com (JD.O) rose 3%, and Baidu (BIDU.O) rose nearly 4%.
- 20:02The U.S. House of Representatives plans to vote on a temporary funding bill next Monday.According to Jinse Finance, citing five U.S. Republican officials, Republican leaders are planning to hold a House vote next week on a temporary spending bill to extend government funding until November 21—the Friday before Thanksgiving. House Appropriations Committee Chairman Cole confirmed on Thursday that a vote will take place next Monday, a move that will advance a measure Democratic leaders have already indicated they will veto. Cole said, "We can do it. The gap is not that big anymore. But it is also difficult to get this done in the little time we have left, because I may have to finish before the end of next week." If the temporary funding bill passes the House, Senate Republicans may also bring the bill to the agenda next week. Currently, the November 21 date has not been fully finalized.