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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.
- 11:15Japanese Listed Company Convano Launches Bitcoin Reserve Strategy, Plans to Purchase $2.7 Million Worth of Bitcoin in JulyAccording to ChainCatcher, as stated in the official announcement, Japanese nail salon operator Convano Inc (6574.T) has officially launched its Bitcoin reserve strategy, planning to purchase Bitcoin worth 400 million yen (approximately 2.7 million US dollars) within July. The company has established a dedicated "Bitcoin Strategy Office," led by director Taiyo Azuma.
- 11:15LD Capital Founder: Amid Intense Market Volatility, Has Deleveraged and Is Holding Spot Positions on the SidelinesOn July 17, LD Capital founder JackYi posted on social media, stating that ETH has achieved a significant surge, and his prediction a month ago to "short squeeze ETH" has come true. While BTC's price remained flat, ETH broke through $3,000 and quickly approached $3,500. The current market is highly volatile, making both long and short positions difficult to manage. He has chosen to unwind leveraged loans, hold spot positions, and patiently wait for further market developments.
- 11:08Bitget Wallet Releases 2025 PayFi Report: Gaming, Travel, and Everyday Spending Emerge as Top Three Crypto Payment ScenariosOdaily Planet Daily reports that on July 17, Web3 wallet Bitget Wallet released the "2025 PayFi Report: Unlocking Real-World Use Cases for Crypto Payments." According to the data, gaming (36%), daily spending (35%), and travel bookings (35%) are the top scenarios where global users prefer to use cryptocurrency for payments, indicating that crypto payments are rapidly becoming part of everyday life. The report also notes that Gen Z favors gaming and entertainment, East Asian users prefer daily spending and digital goods, while Latin America focuses on e-commerce.Bitget Wallet has been continuously improving its crypto payment infrastructure. By launching a co-branded crypto card with Mastercard, supporting national QR code payments, in-app shopping, and gift card purchases, Bitget Wallet is expanding crypto payment services to more regions, making crypto spending more efficient and seamless.