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VIPBitget VIP Weekly Research InsightsThe uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)
VIPBitget VIP Weekly Research InsightsAs global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralised exchanges can offer low-risk returns despite market volatility by utilising diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.
VIPBitget VIP Weekly Research InsightsOn 27 July (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.
VIPBitget VIP Weekly Research Insights (26 July)Over the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, making it a strength eco-project worth focusing on.
- 18:46U.S. crypto mining stocks remain highly active, with Bitfarms up over 14%, and MARA, WULF, and CLSK all rising more than 10%.Jinse Finance reported that US-listed crypto mining companies remained highly active, with Bitfarms rising over 14%, MARA, WULF, and CLSK up more than 10%, IREN up over 9%, and APLD and CIFR following with a 4% increase.
- 18:38CME announces that SOL and XRP futures options are now available for tradingJinse Finance reported that derivatives market CME has announced that its Solana (SOL) and XRP futures options are now available for trading. Clients can now trade SOL, Micro SOL, XRP, and Micro XRP futures options, with choices of daily, monthly, and quarterly expirations. The first XRP futures options trade took place on Sunday, October 12, executed by Wintermute and Superstate. The first SOL futures options trade took place on Monday, October 13, executed by Cumberland DRW and Galaxy.
- 18:31Powell: Despite the lack of recent data, the U.S. economy appears to remain stableJinse Finance reported that Federal Reserve Chairman Jerome Powell stated that despite the lack of recent data due to the ongoing government shutdown, the U.S. economy still appears to be in a stable condition. Powell said in a speech to economists on Tuesday: "Based on the data we have, it is fair to say that since our September meeting four weeks ago, there has not been much change in the outlook for employment and inflation." However, when answering questions about the government shutdown, he added: "If this situation persists for some time, we will start to miss this data, especially the data for October." On economic issues, Powell reiterated a theme from his recent remarks, saying, "There is no risk-free policy path amid the tension between employment and inflation targets." Powell also stated that the Federal Reserve may reach a point in the coming months where it could end its efforts to shrink the balance sheet.