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Hines, the Executive Director of the White House Crypto Council, will step down and be succeeded by Patrick Witt, as he transitions to a private sector role while advising on AI policy alongside David Sacks.
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.
Ethena’s USDe records $5.7B in cross-chain volume, ranking third among synthetic dollars by market cap.Climbing the Synthetic Dollar RankingsImplications for DeFi and the Stablecoin Market
- 01:28SNX once surpassed $1.85, with a 24-hour increase of 85.54%Jinse Finance reported that according to market data, SNX surged past $1.85 before pulling back, and is now quoted at $1.74, with a 24-hour increase of 85.54%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 00:58This week, tokens such as FTN, CONX, and ARB will undergo major unlocks, with a total value exceeding $150 millions.On October 13, according to data from Token Unlocks, this week tokens such as FTN, CONX, and ARB will undergo significant unlocks, with a total value exceeding $150 million. FTN will unlock 20 million tokens on October 18, worth approximately $40.2 million, accounting for 2.04% of its circulating supply; CONX will unlock 2.32 million tokens on October 15, worth about $32.79 million, accounting for 3.00% of its circulating supply; ARB will unlock 92.65 million tokens on October 16, worth about $31.09 million, accounting for 1.99% of its circulating supply; DBR will unlock 605 million tokens on October 17, worth about $17.64 million, accounting for 17.01% of its circulating supply; STRK will unlock 127 million tokens on October 15, worth about $16.52 million, accounting for 5.64% of its circulating supply; SEI will unlock 55.56 million tokens on October 15, worth about $12.71 million, accounting for 1.15% of its circulating supply.
- 00:40In the US stock night session, Nvidia (NVDA.O) rose nearly 3%.Jinse Finance reported that in the US stock night session, Nvidia (NVDA.O) rose nearly 3%, Tesla (TSLA.O) rose 2%, Apple (AAPL.O) rose 1%, AMD (AMD.O) rose over 3%, and Qualcomm (QCOM.O) rose 2.3% (Golden Ten Data).