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As the Federal Reserve begins its interest rate cut cycle, the cryptocurrency market is experiencing a broad recovery. Alongside mainstream assets like BTC and ETH, the AI sector has also rebounded rapidly. The convergence of AI and crypto has emerged as a compelling narrative in this market cycle, attracting numerous tech teams and venture capital firms. Leading projects in the space have shown significant growth. Recommended projects to watch closely include Bittensor (TAO), Near Protocol (NEAR), and Arkham (ARKM).
The spot Ethereum ETFs have seen two consecutive days of net inflows.
Liquid 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.
- 10:37Trump nominates Commerce Secretary Lutnick's company is in talks with Tether to launch a $2 billion Bitcoin loan programTrump nominates Commerce Secretary Lutnick's company is in talks with Tether to launch a $2 billion Bitcoin loan program.
- 10:36DWF Labs deposited 1.68 million LIT into CEX an hour ago, valued at 1.46 million USDAccording to Onchain Lens monitoring, an hour ago, DWF Labs deposited 1.68 million LIT into Binance through an intermediate wallet, worth 1.46 million US dollars. Previously, DWF Labs had sent 1.4 million LIT to Binance, worth 911 thousand US dollars. Currently, DWF Labs no longer holds any LIT.
- 10:35ai16z: DAO partners have decided that ai16z and AI Combinator will completely separateai16z announced on platform X that the DAO partners have decided to focus 100% of their energy on $ai16z and $degenai, suspending all AI trader shipping matters that distract our attention. ai16z and AI Combinator will completely separate, wishing Ryze Labs the best progress in accelerating the AI agent field. ai16z also stated that its technology is open source, anyone can use it for free, and it will always be so.