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VIPBitget VIP Weekly Research InsightsUS initial claims for unemployment insurance and the unemployment rate are being released this week, key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.
- 09:41Lava Payments Raises $5.8 Million in FundingAccording to Jinse Finance, US-based digital wallet company Lava Payments has announced the completion of a $5.8 million funding round. The round was led by Lerer Hippeau, with participation from Harlem Capital, Streamlined Ventures, and Westbound. The company plans to use the funds to expand its business and development efforts.
- 09:34ING: Trump’s Nomination of Interim Fed Governor Has Limited Impact on the US DollarAccording to a report by Jinse Finance, ING economist Francesco Pesole stated that the US dollar only weakened slightly after Donald Trump nominated Stephen Moore to fill the vacancy on the Federal Reserve Board. Moore has recently criticized the Fed over interest rate cuts and called for comprehensive reform of the institution. He will temporarily fill the position until his term expires in January next year. Reports also indicate that Fed Governor Waller is a leading candidate to succeed Fed Chair Jerome Powell, which has offset the impact of Moore’s nomination. Compared to another potential candidate, Kevin Hassett, Waller holds a more moderate stance on interest rate cuts.
- 09:34Most U.S. Crypto-Related Stocks Rise in Pre-Market TradingAccording to Jinse Finance, most U.S. cryptocurrency-related stocks rose in pre-market trading, with a certain exchange up nearly 9%. Trump Media & Technology Group and GameSquare both gained over 3%, while SharpLink Gaming rose nearly 2%.