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VIPBitget VIP Weekly Research InsightsLiquid staking emerged after Ethereum transitioned from a proof-of-work to a proof-of-stake mechanism. Its primary goal is to enhance asset utility by allowing users to earn staking rewards while maintaining the liquidity of their staked positions. Currently, mainstream liquid staking protocols allow users to stake their assets in exchange for liquid staking tokens (LSTs). For instance, by staking ETH on platforms such as Lido, users receive stETH tokens. This approach is commonly referred to as "liquid staking derivatives" (LSDs). Since Binance hinted at collaborating with Sanctum to launch the Solana liquid staking token BNSOL, Sanctum's governance token CLOUD has gained significant attention, rising despite unfavorable market trends. On September 5, Bybit announced its partnership with Solayer to launch bbSOL. Additionally, major exchanges have unveiled plans to introduce Solana LST tokens. EigenLayer also began its second season of airdrop claims this week, with its governance token EIGEN potentially circulating by the end of September. The LSD and restaking sectors are gaining quiet momentum, potentially setting the stage for a new wave of hype around restaking within the SOL ecosystem.
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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.
- 2025/09/13 23:35Overview of Major Overnight Developments on September 1421:00 (UTC+8) - 7:00 (UTC+8) Keywords: USAT, Ethereum Foundation, Shibarium, Empery 1. Tether's new stablecoin USAT is planned to launch by the end of the year; 2. Pizza Hut and KFC in South Africa have now started accepting bitcoin payments; 3. Publicly listed company Empery Digital has become the 21st largest bitcoin holding company; 4. Shibarium cross-chain bridge suffered a "complex" flash loan attack, resulting in a loss of $2.4 million; 5. The Ethereum Foundation has developed an end-to-end privacy roadmap, covering private writing, reading, and proof; 6. Data: Tesla holds 11,509 bitcoins, ranking 11th among all publicly listed companies; 7. Important notice disclosed on the USAT website: USAT is not protected by insurance from institutions such as the Federal Deposit Insurance Corporation of the United States.
- 2025/09/13 22:26Shibarium cross-chain bridge suffers "complex" flash loan attack, losing $2.4 millionJinse Finance reported that the Shibarium cross-chain bridge, which connects the Layer2 network Shibarium with Ethereum, suffered a flash loan attack on Friday, resulting in the theft of approximately $2.4 million worth of ETH and SHIB. As a result, Shiba Inu developers have restricted certain activities on the network. The attacker took out a flash loan of 4.6 million BONE (Shibarium’s governance token, down 16.32%) and appeared to have obtained 10 out of 12 validator signing keys, thereby gaining two-thirds majority control. Subsequently, the attacker used this privilege to extract about 224.57 ETH and 9.26 billion SHIB from the Shibarium cross-chain bridge contract, transferring the funds to their own address. The total value of these funds is currently around $2.4 million. In response to the attack, Shiba Inu developers suspended staking and unstaking functions on the network, effectively freezing the borrowed BONE tokens (which were already in an unstaking delay period), thus preventing the attacker from further manipulating the network. In addition, the attacker also obtained about $700,000 worth of K9 (KNINE) tokens (related to K9 Finance). When the attacker attempted to sell KNINE, the K9 Finance DAO intervened and blacklisted the attacker’s wallet address, making it impossible for these tokens to be sold.
- 2025/09/13 22:04A dormant address holding 30 ETH has been activated after 10.1 years of inactivity.Jinse Finance reported, according to on-chain data tracking service Whale Alert, that at around 5:42 AM (GMT+8), a dormant address holding 30 ETH (worth $142,906) was just activated after sleeping for 10.1 years.