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VIPBitget VIP Weekly Research InsightsThe Solana ecosystem has shown remarkable performance this year. The 24-hour trading volume on Solana's DEXs frequently surpasses that of Ethereum, and the SOL/ETH exchange rate has steadily risen. Coinbase's recent Q3 earnings report revealed that SOL now accounts for 11% of its trading revenue, highlighting users' strong interest in trading SOL. During this market cycle, it can be advantageous to hold SOL positions. Additionally, holding SOL-based LSTs allows you to earn annualized returns that are denominated in SOL. Bitget has partnered with Solayer, Orca, Save, and Kamino to launch BGSOL, and will work to expand BGSOL's applications. With the support from Bitget, BGSOL currently offers the highest APR among SOL-based LSTs.
- 17:26The scale of the BUIDL fund by BlackRock has reached a historic high, with a weekly increase of 25.07%According to DefiLlama data, the scale of BlackRock's BUIDL fund has exceeded 2.3 billion US dollars, currently reported at 2.372 billion US dollars, with a single-week increase of 25.07%, continuing to set new historical highs. At present, the size of this fund on Ethereum is 2.227 billion US dollars and the size on Avalanche is 52.72 million US dollars.
- 17:25Four Indian police officers are under investigation for allegedly tampering with encrypted asset evidenceAccording to Cryptopolitan, four officers from the Central Crime Branch in Bangalore, India are under investigation for allegedly tampering with evidence of encrypted assets. These assets come from the criminal proceeds of international hacker Srikrishna Ramesh. The Special Investigation Team (SIT) found that after arresting Sriki in 2020, the officers illegally used his crypto wallet and transferred Bitcoin through private network experts. Currently, related investigations are still ongoing and may involve more extensive corrupt practices.
- 16:43In the past 24 hours, $248 million has been liquidated across the entire network, mainly short positionsCoinglass data shows that in the past 24 hours, the total liquidation of cryptocurrency market across the network was $248 million, including $56.946 million for long positions and $191 million for short positions. The total amount of BTC liquidations was $65.598 million, while ETH liquidations totaled $47.1205 million.