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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.
- 12:58BTC falls below $113,000According to Jinse Finance, market data shows that BTC has fallen below $113,000 and is now quoted at $112,987.13, with a 24-hour decline of 0.64%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 12:58US Continuing Jobless Claims Rise to 1.972 Million, Marking the Largest Increase in Three MonthsAccording to ChainCatcher, citing Jinshi News, the number of initial jobless claims in the United States last week recorded the largest increase in nearly three months, rising by 11,000 to 235,000. This marks the biggest jump since the end of May. Continuing jobless claims increased by 30,000 to 1.972 million, reaching the highest level since November 2021, indicating a rise in layoffs and clear signs of a weakening labor market.
- 12:47Tether and Circle Executives to Meet with CEOs of Major South Korean BanksAccording to ChainCatcher, executives from Tether and Circle will meet this week with CEOs of several leading financial groups in South Korea, including Jin Ok-dong, CEO of Shinhan Financial Group, and Ham Young-joo, CEO of Hana Financial Group. The discussions will focus on the potential distribution and use of US dollar stablecoins in South Korea, as well as the issuance of a stablecoin backed by the Korean won. This meeting comes as South Korea prepares to introduce a legal framework for stablecoins in October this year, with the ruling and opposition parties holding differing views on stablecoin regulation.