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VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behaviour reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
VIPBitget VIP Weekly Research InsightsIn recent weeks, increasing risk-averse sentiment and a decrease in demand for leverage have resulted in a significant decline in yields across Earn products. On major DeFi platforms, stablecoin yields have dropped below 4%, while on centralised exchanges, yields on stablecoin-based Earn products are now around 2%. In contrast, Bitget HodlerYield provides users with a 10% APR on stablecoins, without a 7-day cooldown for withdrawals or claims. Funds can be deposited and redeemed instantly, offering greater convenience and flexibility.
- 21:11All three major U.S. stock indexes closed lower, with the Nasdaq down 2.04%.Jinse Finance reported that all three major U.S. stock indexes closed lower, with the Nasdaq down 2.04%, the S&P 500 down 1.17%, and the Dow Jones down 0.53%.
- 21:10All three major U.S. stock indexes closed lower, with the Nasdaq falling 2%.ChainCatcher news, according to Golden Ten Data, U.S. stocks closed lower on Tuesday. The Dow Jones Industrial Average preliminarily fell by 0.53%, the S&P 500 Index dropped 1.17%, and the Nasdaq declined by 2%. Tesla (TSLA.O) fell 5%, Nvidia (NVDA.O) dropped nearly 4%, MicroStrategy (MSTR.O) fell more than 6%, while Berkshire Hathaway (BRK.A.N, BRK.B.N) rose more than 2%. The Nasdaq Golden Dragon China Index fell 2.05%, Alibaba (BABA.N) dropped 2%, and Baidu (BIDU.O) rose 3%.
- 21:10The Dow Jones Index closed down 251.13 points, with both the S&P 500 and Nasdaq also declining.ChainCatcher News, according to Golden Ten Data, on November 4 (Tuesday), the Dow Jones Industrial Average closed down 251.13 points, a decrease of 0.53%, at 47,085.55 points; the S&P 500 Index closed down 80.29 points, a decrease of 1.17%, at 6,771.68 points; and the Nasdaq Composite Index closed down 486.09 points, a decrease of 2.04%, at 23,348.64 points.