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VIPBitget VIP Weekly Research InsightsThe Solana ecosystem has shown remarkable performance this year. The 24-hour trading volume on Solana's DEXs frequently surpasses that of Ethereum, and the SOL/ETH exchange rate has steadily risen. Coinbase's recent Q3 earnings report revealed that SOL now accounts for 11% of its trading revenue, highlighting users' strong interest in trading SOL. During this market cycle, it can be advantageous to hold SOL positions. Additionally, holding SOL-based LSTs allows you to earn annualized returns that are denominated in SOL. Bitget has partnered with Solayer, Orca, Save, and Kamino to launch BGSOL, and will work to expand BGSOL's applications. With the support from Bitget, BGSOL currently offers the highest APR among SOL-based LSTs.
- 17:06Peter Schiff: Someone has already created USAcoin, but I do not recommend buying itGold advocate Peter Schiff posted on the X platform saying: "Someone has actually created USAcoin, my previous post was ironic, so don't buy USAcoin. But the previous view was that if the U.S. government created a similar token and committed to establishing strategic USA coin reserves, it would make more sense than storing Bitcoin, this part is not a joke." Earlier news reported that Peter Schiff tweeted that the United States could save a lot of money by creating USA Coin instead of creating Bitcoin strategic reserves. Like Bitcoin, its supply cap can reach 21 million, but only after upgrading blockchain can USA coin truly be used for payment.
- 17:04Analysis: MicroStrategy's valuation has dropped to twice the market value of its BTC holdings, and its stock price may face a downward trendAccording to Barron's, the Bitcoin premium of MicroStrategy's stock (measured by the ratio of enterprise value - i.e., market capitalization plus net debt - to the company's holdings in Bitcoin) continues to shrink. The company is currently valued at about twice its Bitcoin holdings, which are approximately 439,000 Bitcoins (estimated by Barron's). This ratio has dropped from a peak of 3.5 times in November to the current double, indicating that MicroStrategy's share price has not been able to keep up with the recent surge and subsequent correction in Bitcoin prices after breaking through $100,000. Given that there is still a high bitcoin premium in stocks, MicroStrategy shares may face more downside space. Currently, MicroStrategy has a market capitalization of about $79 billion USD; it holds around $43 billion USD worth of bitcoins and carries $7 billion USD in debt. An excessively high premium could make MicroStrategy shares prone to corrections as premiums continue shrinking.
- 17:03BTC breaks through 96,000 US dollarsBitget market data shows that BTC has broken through $96,000, currently reported at $96,044.43, with a 24-hour drop of 1.4%.
