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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 behaviour 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, increasing risk-averse sentiment and a decrease in demand for leverage have resulted in a significant decline in yields across Earn products. On major DeFi platforms, stablecoin yields have dropped below 4%, while on centralised exchanges, yields on stablecoin-based Earn products are now around 2%. In contrast, Bitget HodlerYield provides users with a 10% APR on stablecoins, without a 7-day cooldown for withdrawals or claims. Funds can be deposited and redeemed instantly, offering greater convenience and flexibility.
VIPBitget VIP Weekly Research InsightsThe RWA (Real-World Assets) sector has been gaining significant traction in the crypto space, as it tokenises traditional assets like real estate and bonds to bridge the gap between TradFi and DeFi. This process unlocks trillions of dollars in potential value, while enabling broader access to high-value investments through asset fractionalisation, increased liquidity, and lower entry barriers. RWA also diversifies and stabilises DeFi collateral options, addressing the sector's over-reliance on crypto-native assets and paving the way for large-scale adoption. With regulatory frameworks becoming clearer worldwide, the compliance advantages of RWAs are increasingly evident—drawing in institutional capital. What sets RWA projects apart is their connection to real-world income streams like rent and interest payments, offering more sustainable returns than purely speculative assets. These cash-flow-generating features appeal to investors seeking steady returns. As such, RWA is seen as a crucial step in the evolution of blockchain technology from concept to practicality. Its development potential and practical use cases make it an important sector in the crypto industry today.
VIPBitget VIP Weekly Research InsightsRecently, the BNB chain has experienced a notable increase in both funds and user activity, with growing market attention on its ecosystem. Following the Binance Alpha update, the barrier between Binance's main platform and the chain has been effectively eliminated, allowing CEX funds to trade DEX tokens. This development is set to further boost user and fund activity within the BNB ecosystem, driving strong potential demand for Binance Alpha-listed assets. This is promising for the growth of the BNB ecosystem and underscores the importance of its core assets.
VIPBitget VIP Weekly Research InsightsOver the past month, the cryptocurrency market has faced a downturn due to multiple factors. Global macroeconomic uncertainties, such as shifts in U.S. economic policies and the impact of tariffs, have heightened market anxiety. Meanwhile, the recent White House crypto summit failed to deliver any significant positive news for the crypto market, further dampening investor confidence. Additionally, fluctuations in market sentiment have led to capital outflows, exacerbating price declines. In this volatile environment, selecting stable and secure passive-income products is more crucial than ever. Bitget offers solutions that not only provide high-yield fixed-term products but also flexible options for users who need liquidity. Furthermore, with the added security of the Protection Fund, investors can earn steady returns even amidst market volatility.
- 02:08Bank of Korea Establishes New Virtual Asset Division, Expected to Lead Internal Discussions on KRW StablecoinAccording to a report by News1 cited by Jinse Finance, the Bank of Korea has established a new virtual assets department under its Financial Payment Systems Bureau, which is expected to lead internal discussions on a Korean won stablecoin. In addition, the Bank of Korea has officially renamed its digital currency research team to the Digital Currency Team, marking a shift from theoretical exploration to a more proactive approach toward digital currency projects.
- 01:57Anchorage Digital acquires 10,141 Bitcoins worth approximately $1.19 billion within 9 hoursAccording to a report by Jinse Finance, on-chain analytics platform Lookonchain (@lookonchain) has monitored that federally chartered crypto bank Anchorage Digital received a total of 10,141 bitcoins from multiple wallets in the past nine hours, equivalent to approximately $1.19 billion.
- 01:52Hong Kong Monetary Authority: Applications Open for Basket Fiat-Pegged Stablecoins, First License May Be Issued Early Next YearAccording to ChainCatcher, citing a report from National Business Daily, Hong Kong Monetary Authority Deputy Chief Executive Arthur Yuen stated at a technical briefing on the stablecoin issuer regulatory regime that the number of stablecoin issuer licenses to be issued in the first phase is still uncertain and will depend on the quality of application materials submitted by institutions. He expects the first stablecoin issuer license to be issued early next year and emphasized that "the approval threshold is very high." Entering the "sandbox testing" phase does not guarantee license approval. Arthur Yuen also noted that the Hong Kong Monetary Authority maintains an open attitude regarding fiat currencies. Stablecoin issuers may apply for a license for a stablecoin pegged to a single fiat currency or to a basket of fiat currencies, with the key requirement being that the fiat currency or currencies must be specified in the application.