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VIPBitget VIP Weekly Research InsightsOver the past year, the performance of ETH and its ecosystem has been underwhelming, with the ETH/BTC ratio down by 30% year-to-date. However, it's important to note that BTC has faced a monthly-level correction after hitting resistance at $100,000, while Solana's DEX volumes have seen a significant decline. These shifts suggest that capital is starting to flow back into the ETH ecosystem, with whales quietly accumulating assets over the past year. Several promising projects within the ETH ecosystem and on EVM chains are worth highlighting.
VIPBitget VIP Weekly Research InsightsAs the regulatory landscape for DeFi and cryptocurrencies in the United States becomes clearer, top-performing DeFi projects with strong profitability are poised to give their tokens genuine value. This could involve using a portion of their profits for token buybacks or directly distributing profits to token holders. If these proposals are implemented, the valuations of these DeFi projects could experience significant upward adjustments. Early market interest has already emerged, making these projects worth investors' attention.
VIPBitget VIP Weekly Research InsightsLast week, Vitalik Buterin and CZ hosted the DeSci (Decentralized Science) conference at Devcon, where Vitalik unveiled the first DeSci product. CZ also expressed ambitions to see 1000 DeSci products next year, sparking widespread attention to the DeSci concept across the industry. Key speculative projects, RIF and URO, each surpassed a market cap of $100 million. As the sector continues to grow, DeSci remains an area worth close attention.
- 12:57Powell Faces a Delicate Balancing Act as Investors Snap Up Long-Term U.S. Treasuries Ahead of Jackson Hole SpeechAccording to ChainCatcher, citing Jinshi News, investors are heavily buying long-term U.S. Treasury bonds ahead of Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole, driving yields lower. Recent data has dampened market expectations for a rate cut in September. Powell faces a delicate balancing act and may avoid providing clear guidance before the August nonfarm payrolls data is released. Observers expect him to reiterate the Federal Reserve's independence from political pressure.
- 12:37Markets Bet on Powell Maintaining Hawkish Stance as Bullish Sentiment for the Dollar RisesAccording to ChainCatcher, citing Jinshi News, currency options indicate that bullish sentiment toward the US dollar has reached its highest level in three weeks, as traders bet that Powell will not take an overly dovish stance on interest rate cuts. Sonja Marten, Head of FX and Monetary Policy Research at Deutsche Bank, stated that the possibility of a 25 basis point rate cut in September remains, but Powell is unlikely to be more aggressive than that. Nick Rees, Head of Macro Research at Monex Europe, pointed out that if the market pays excessive attention to Powell's comments hinting at rate cuts, it could trigger an initial sell-off of the dollar, but this situation may be short-lived.
- 12:12Two Major Bitcoin Whales Holding Over 100,000 BTC Are Selling Bitcoin to Switch to ETHAccording to a report by Jinse Finance, on-chain analyst Spot On Chain has observed that two whales who have held Bitcoin for seven years are now selling BTC to switch to ETH. Over the past two days, these whales sold 4,621.9 Bitcoins (approximately $523.5 million) through three wallets, while purchasing 82,398 Ether (approximately $353.65 million) and storing them in two wallets.