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VIPBitget VIP Weekly Research InsightsThe unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behavior reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.
VIPBitget VIP Weekly Research InsightsIn recent weeks, rising risk-averse sentiment and declining demand for leverage have led to a sharp drop in yields across Earn products. On major DeFi platforms, stablecoin yields have fallen below 4%, while on centralized exchanges, yields on stablecoin-based Earn products now hover around 2%. In contrast, Bitget HodlerYield offers users a 10% APR on stablecoins, with no 7-day cooldown for withdrawals or claims. Funds can be deposited and redeemed instantly, offering greater convenience and flexibility.
- 16:42BlackRock Increases Holdings by 9,989 ETH, Valued at Approximately $26.47 MillionAccording to Arkham monitoring data, about two hours ago, BlackRock increased its holdings by 9,989 ETH, valued at $26.47 million, through its Ethereum exchange-traded fund ETHA from the CEX Prime hot wallet address. Historical transaction data shows that this is the third consecutive day BlackRock has increased its ETH holdings, having previously increased by 5,449 ETH and 8,162 ETH in the past two days, valued at approximately $34.34 million.
- 16:41Bitcoin Open Interest Across the Network Hits All-Time High, Surpassing $80 BillionAccording to Coinglass data, the open interest in Bitcoin futures contracts across the network is 724,350 BTC (approximately $80.64 billion), reaching a historical high. Among them, the open interest in CME Bitcoin contracts is 164,060 BTC (approximately $18.26 billion), ranking first; Binance Bitcoin contracts have an open interest of 121,870 BTC (approximately $13.57 billion), ranking second.
- 16:41Aptos: Unaffected by Sui Network Cetus IncidentAptos officially confirms that the vulnerability attack on Cetus DEX is limited to the Sui network, and the Aptos network itself, user funds, and its DeFi partners are unaffected. Currently, the Aptos security and engineering team has initiated a comprehensive audit and is closely monitoring the progress of the incident, working in collaboration with DeFi partners to ensure network security and stability.