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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.
- 02:52The surge in cryptocurrency holdings by publicly listed companies raises market concerns and may impact digital asset pricesAccording to Jinse Finance, the trend of publicly listed companies transforming into crypto-buying machines has reached a fever pitch, with executives supporting such transactions warning that this could impact digital asset prices. Data from consulting firm ArchitectPartners shows that Digital Asset Treasury (DAT) companies plan to raise $79 billion in 2025 to purchase Bitcoin. Market participants are concerned that a sharp price reversal could prompt these entities to sell off altcoins, intensifying the sell-off. Akshat, head of the family office Maelstrom, stated that the collapse of a major DAT would trigger a domino effect, potentially bringing the bull market cycle to an end. (Jin10)
- 02:33Sazmining Announces Integration with Square Payments, Becoming the First Bitcoin Mining Company to Integrate SquareAccording to a report by Bitcoin Magazine, Sazmining has announced that it has become the first mining-as-a-service company to integrate the Square payment platform, offering customers a faster and more reliable way to purchase mining hardware and services. This integration supports payments via credit cards, debit cards, Apple Pay, Google Pay, Cash App Pay, ACH, as well as Bitcoin, Lightning Network, Tether, and wire transfers. Sazmining reports an annual growth rate of 350%, with active mining sites in North America, South America, and Europe. The company further streamlines the Bitcoin mining process for individuals and businesses by utilizing Square’s API through Zaprite.
- 02:11Ethereum Foundation to Donate an Additional $500,000 for Roman Storm’s Legal DefenseAccording to Jinse Finance, Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, announced on social media in the early hours today that the Foundation will donate an additional $500,000 to support the legal defense of Tornado Cash founder Roman Storm. Wang stated, "Privacy is the norm, and writing code is not a crime."
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Sazmining Announces Integration with Square Payments, Becoming the First Bitcoin Mining Company to Integrate Square