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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.
At BRN Metaverse, our mission has always been to provide our community with the best opportunities for growth, engagement, and innovation in the digital space. As part of this commitment, we are thrilled to announce that BRN will soon be listed on Bitget, one of the fastest-growing cryptocurrency exchanges in the world. But why did we choose Bitget? Here’s a closer look at why we believe Bitget is the perfect platform for BRN’s next big step.
- 07:16Data: USDC Circulation Increased by Approximately 800 Million in the Past 7 DaysAccording to ChainCatcher, based on official data, within the 7 days ending May 22, Circle issued approximately 4.3 billion USDC and redeemed about 3.5 billion USDC, resulting in a net increase of around 800 million USDC in circulation. The total circulation of USDC is 61.3 billion, with reserves of approximately 61.5 billion USD, including about 8.1 billion USD in cash, and the Circle Reserve Fund holds approximately 53.5 billion USD.
- 06:14ai16z Founder Shaw Bought 6.7 Million FARM2 Tokens 2 Hours AgoAccording to on-chain data, the address starting with DScqt, belonging to ai16z founder Shaw, made three transactions totaling $3,432 to purchase 6.7 million FARM2 tokens two hours ago, causing the token to temporarily surge by over 50%. The market value is currently reported at $528,000. Shaw confirmed this purchase on his personal social media. It is reported that Farm2 is a token deployed by Shaw under his real name, and he tweeted on May 22nd that he would help build the FARM2 community.
- 05:13Data: Whale James Wynn Releases Account Data: Total Profit of $50 Million, Maximum Drawdown Reaches 84.34%ChainCatcher reports that whale James Wynn posted data on social media showing a loss of $36.19 million in his HyperLiquid account within 24 hours, with a maximum drawdown of 55.45%. However, according to other overall data released by James Wynn, his account is still overall profitable with $50.07 million, with a maximum drawdown of 84.34%. The cumulative trading volume reached $7.958 billion.