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VIPBitget VIP Weekly Research InsightsThe cryptocurrency market has recently seen increased volatility, driven by macroeconomic policies, global trade tensions, and expectations the Federal Reserve's monetary policy. Although some indicators came in weak, investor sentiment improved as market expectations for a September rate cut rose sharply. Meanwhile, the slowdown in tariff adjustments has helped ease major trade frictions in the short term, with no signs of systemic risk emerging for the time being. On the crypto side, BTC turnover has fallen as many short-term traders exit the market, leading to more stable price movements. The altcoin sector continues to underperform due to a lack of sustained narratives. Despite the surge in memecoins, high-quality projects remain scarce. Large volumes of capital are cycling in and out quickly, making it difficult to invest effectively. With short-term uncertainty still high, many investors are allocating part of their portfolios to stablecoin-based Earn products. Alongside leading DeFi protocols such as Aave and Compound, platforms like Bitget offer diversified, high-yield stablecoin opportunities, providing investors with more avenues to preserve and grow their assets.
- 16:05Block Plans to Launch New Bitcoin Mining Chip Next WeekAccording to ChainCatcher, Amrita Ahuja, CFO of Block—the crypto fintech company founded by Twitter co-founder Jack Dorsey—stated in an interview with CNBC that the company will launch a new Bitcoin mining chip next week, aiming to optimize the decentralized Bitcoin mining ecosystem. A few months ago, Block revealed that it had completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey also posted on the X platform, writing "Next Week" and sharing an image of mining equipment, hinting at the upcoming launch of a new product on August 14.
- 16:05Data: If ETH falls below $3,962, total long liquidations on major CEXs will reach $3.604 billionAccording to ChainCatcher, citing data from Coinglass, if ETH falls below $3,962, the cumulative long liquidation volume on major CEXs will reach $3.604 billion. Conversely, if ETH breaks above $4,371, the cumulative short liquidation volume on major CEXs will reach $1.34 billion.
- 16:04Data: Early Bitcoin advocate Erik Voorhees sold 6,581 ETH today, worth approximately $27.38 millionAccording to ChainCatcher, monitoring by Lookonchain shows that early Bitcoin advocate and ShapeShift founder Erik Voorhees sold 6,581 ETH today at a price of $4,161, totaling $27.38 million. Nine years ago, he received 14,945 ETH from ShapeShift (then worth $115,600, now valued at $62.68 million), when ETH was priced at just $7.74. His last ETH sale was on December 6, 2024, when he sold 7,807 ETH at $4,005 each (worth $31.27 million). He still holds 556.68 ETH (worth $2.33 million).