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VIPBitget VIP Weekly Research InsightsStablecoins have recently emerged as a key focus for central banks and financial institutions, with the potential to reshape global payment systems and financial infrastructure. According to data from Chainalysis, stablecoins have surged to a monthly trading volume of trillions of dollars, accounting for 60% to 80% of total cryptocurrency trading volume. This explosive growth has attracted significant attention from traditional financial players, who are accelerating their integration into the digital economy by issuing stablecoins, contributing to blockchain network development, and offering related financial services. In the U.S., financial giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the potential of jointly issuing stablecoins. At the same time, regulatory discussions surrounding stablecoins and the proposed GENIUS Act are gaining significant momentum in mainstream media. In the Web2 world, traditional companies like Stripe have entered the space by acquiring Bridge to build out stablecoin payment capabilities. Meanwhile, Circle has emerged as one of the most influential crypto firms in the U.S. stock market, second only to Coinbase, driven by the success of its USDC stablecoin. In the DeFi space, Yield-Bearing Stablecoins (YBS) are drawing substantial capital inflows with their innovative interest-generating mechanisms.
World Liberty Financial and Vaulta Establish New Alliance to Expand the Frontiers of the U.S. Web3 Banking Industry
- 19:43Billionaire Adam Weitsman Acquires Over 5,000 Yuga Labs NFTsAccording to Jinse Finance, scrap metal processing entrepreneur and billionaire Adam Weitsman has announced the purchase of over 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, to support the development of its metaverse project, Otherside. He stated, "I am making a long-term investment in Otherside and will continue to make a series of acquisitions on the open market this year." Despite the overall downturn in the NFT market, Yuga Labs has recently been forced to sell core brands, including Moonbirds and CryptoPunks. Weitsman said, "I see Yuga refocusing and prioritizing the development of Otherside. This project is crucial to the entire industry, and I will do everything I can to help it succeed."
- 18:55Goldman Sachs Expects the Federal Reserve to Cut Interest Rates by 25 Basis Points Three Times in a Row Starting in SeptemberAccording to a report by Jinse Finance, Goldman Sachs expects the Federal Reserve to implement three consecutive 25-basis-point rate cuts starting in September. If the next report shows a further increase in the unemployment rate, a 50-basis-point rate cut is possible.
- 18:07Data: If ETH falls below $3,505, total long liquidations on major CEXs will reach $2.158 billionAccording to ChainCatcher, citing data from Coinglass, if ETH falls below $3,505, the cumulative long liquidation volume on major CEXs will reach $2.158 billion. Conversely, if ETH breaks above $3,866, the cumulative short liquidation volume on major CEXs will reach $704 million.