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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.
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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.
- 09:25Lido releases Ethereum staking SDK, supporting cross-chain staking function integrationLido announces the launch of an Ethereum staking SDK, a TypeScript tool library for building off-chain integrations. This SDK allows developers to seamlessly integrate Lido's staking features into off-chain applications, providing core functions such as staking, reward tracking, withdrawal and wrapping. The newly released SDK has multi-chain support features that allow for non-cross-chain staking/unstaking operations on networks like OP Mainnet. The toolkit includes pre-built methods and complete documentation suitable for developing DeFi protocols, dashboards or new types of staking products.
- 09:22Morgan Stanley's Chief Investment Officer: Market breadth collapse signals liquidity turning point, suggests sticking to high-quality strategiesAccording to reports, Morgan Stanley's Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson has expressed his latest views. He pointed out that the breadth of the U.S. stock market in December hit a historic low, synchronizing with the breakthrough of the 10-year U.S. bond yield threshold at 4.5%, indicating that the Federal Reserve may not be able to provide the expected easing policy. Wilson analyzed that the current market breadth is decoupled from prices, similar to 1999, mainly due to ample liquidity. With reverse repurchase (RRP) shrinking from its peak of $2.5 trillion and possible minor rate cuts by Fed, there might be a tightening of liquidity in early 2024. He suggested investors continue focusing on high-quality stocks as no-profit growth stocks and low-quality cyclical stocks could face significant impact. Wilson stated that due to lack of mean reversion over past years, investors are more inclined to track price trends leading to extreme concentration in markets; "quality" factor has become widely used as a stock selection criterion.
- 09:18Deutsche Bank: The Federal Reserve is likely to skip a rate cut in January next yearAs the market continues to bet that the Federal Reserve will take a cautious path to lowering interest rates, the dollar is rising. According to data from the London Stock Exchange Group, the market expects the Fed to cut interest rates by a total of 38 basis points by December 2025. The Fed lowered its rate by 25 basis points last week but hinted that future cuts would slow down. Analysts at Deutsche Bank said in a report that it's likely the Fed will skip cutting rates in January next year, which could evolve into a long-term pause in policy easing until 2025.
