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VIPRecommended high-quality projects for major clients (Re-staking, January 24)Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
VIPRecommended high-quality projects for major clients — January 17
VIPRecommended high-quality projects for major clients — January 10
VIPArbitrum ecosystem
VIPLSDFi sector
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.
Also among those gazing into next year are Bitwise, VanEck and Hashdex.
The latest price moves in crypto markets in context for Dec. 19, 2023.
- 19:48The onshore yuan rose 10 pips against the dollar from Tuesday's overnight closeThe onshore yuan closed at 7.3050 against the dollar (CNY) at 03:00 Singapore time, up 10 pips from Tuesday's overnight close. Volume was $28.353 billion.
- 19:47Fed Chair Powell: Fed Keeps Rates at Current Levels, Waits for Evidence of Further Reduction in InflationFederal Reserve Chairman Jerome Powell said the Fed will keep interest rates at current levels, waiting for evidence of further reductions in inflation. Payment of reserves to banks did not have an impact on inflation, the payment of interest on reserves is a way to control the policy rate.
- 19:09U.S. Stocks Open Lower, Nasdaq Turns Higher FirstGolden Finance reported that U.S. stocks opened lower and higher, the Nasdaq took the lead in turning higher, the S&P 500 narrowed its decline to 0.24%, and the Dow narrowed its decline to 0.45%. Earlier, the three major indexes were once down more than 1 per cent.