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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.
- 20:18All Three Major U.S. Stock Indexes Close Higher, Dow Hits Another Record HighAccording to Jinse Finance, Federal Reserve Chairman Jerome Powell stated at the Jackson Hole annual meeting that although inflation remains a concern, rising risks in the labor market may prompt the Fed to cut interest rates in September. All three major U.S. stock indexes closed higher: the Dow Jones rose 1.89% and gained 1.53% for the week; the Nasdaq rose 1.88% but fell 0.58% for the week; the S&P 500 rose 1.52% and was up 0.27% for the week. Notably, the Dow Jones hit a new record high, and both the Dow and S&P 500 have risen for three consecutive weeks. The KBW Bank Index climbed 3.2%, reaching its highest level since 2022. Major tech stocks saw broad gains: Tesla surged over 6%, marking its largest single-day increase in two months; Intel rose more than 5%; Google and Amazon both gained over 3%; AMD and Meta were up more than 2%; Apple and Nvidia rose over 1%; and Microsoft posted a modest increase. Netflix edged down slightly. Opendoor soared more than 39%, reaching its highest level since August 2023.
- 20:09Dow Jones closes up 846.24 points, S&P 500 and Nasdaq also riseAccording to ChainCatcher, citing Jinshi News, the Dow Jones Industrial Average closed up 846.24 points, or 1.89%, at 45,631.74 on August 22 (Friday); the S&P 500 closed up 96.74 points, or 1.52%, at 6,466.91; and the Nasdaq Composite closed up 396.22 points, or 1.88%, at 21,496.53.
- 20:09All Three Major U.S. Stock Indexes Close Higher, Intel Rises 5.5%According to ChainCatcher, citing Jinshi News, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average preliminarily up 1.89%, the S&P 500 up 1.52%, and the Nasdaq Composite up 1.88%. Google closed up 3.17%, and Intel rose 5.53%. The Nasdaq Golden Dragon China Index closed up 2.73%, with MINISO surging 20.25%, NIO up 14.6%, and XPeng up 4.46%.