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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
- 08:22Analysis: Realized BTC miner inflow value to exchanges reaches all-time high, indicating potential selling pressureChainCatcher news, CryptoOnchain posted on social media that the Realized Miner Inflows to exchanges have reached a historical peak of $1.87 billions in bitcoin value, marking the largest miner-held value transfer in bitcoin history. There are two possible explanations: · Miner capitulation under pressure: Rising operational costs and network difficulty may force miners to sell, and historically, such phases often coincide with cycle bottoms; · Strategic profit-taking: Some miners may be locking in significant profits at local highs in preparation for potential pullbacks. Regardless of the reason, the sharp increase in realized inflows highlights the scale of value transfer from miners to exchanges. This could create significant supply-side resistance, potentially suppressing upward momentum and increasing the likelihood of heightened market volatility.
- 08:01Bitdeer’s total Bitcoin holdings surpass 1,935 BTC, with 106.2 BTC mined this weekChainCatcher news, Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform. As of September 12, its total Bitcoin holdings had increased to 1,935.6 BTC (note: this amount refers to pure holdings). In addition, its Bitcoin mining output for this week was 106.2 BTC, while 105.6 BTC were sold during the same period.
- 07:53Data: A certain whale address bought 3,956 ETH at an average price of $4,780According to ChainCatcher, a whale address starting with 0x15f spent 18.91 million DAI to purchase 3,956 ETH three hours ago, with an average cost of $4,780.