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VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 22:46Paradigm Co-founder Matt Huang Appointed as the First CEO of Stripe’s Blockchain Project TempoAccording to several sources familiar with the matter, Jinse Finance reports that payment giant Stripe has appointed Matt Huang, co-founder and managing partner of crypto venture capital firm Paradigm, as the first CEO of its new blockchain initiative, Tempo, which is accelerating Stripe’s entry into the blockchain sector. Huang is also a member of Stripe’s board of directors and will continue to serve as managing partner at Paradigm. Previous reports indicated that Stripe is collaborating with Paradigm to develop the L1 blockchain Tempo.
- 22:17Total U.S. National Debt Surpasses $37 Trillion for the First TimeAccording to a report by Jinse Finance, on August 12 local time, the total U.S. national debt surpassed $37 trillion for the first time, as the federal government continues to accumulate debt at a record pace. The latest data released by the U.S. Treasury Department shows that as of that afternoon, the total U.S. national debt had reached $37,004,817,625,842. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, commented that the U.S. fiscal situation is severely out of balance, yet Congress continues to make matters worse.
- 22:17There is a 93.4% probability that the Federal Reserve will cut interest rates in SeptemberAccording to CME "FedWatch" reported by Jinse Finance: there is a 6.6% probability that the Federal Reserve will keep rates unchanged in September, and a 93.4% probability of a 25 basis point rate cut. For October, there is a 2.4% probability that rates will remain unchanged, a 37.7% probability of a cumulative 25 basis point rate cut, and a 59.9% probability of a cumulative 50 basis point rate cut.