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Quick Take Bitcoin could climb as high as $130,000 in the next two months as institutional inflows accelerate and market sentiment shifts toward risk-on, according to Standard Chartered’s Geoff Kendrick. The Standard Chartered head of digital assets research sees bitcoin gaining further momentum following a recent leveraged position reset and ongoing developments such as Trump’s crypto-related executive order.
Quick Take An informal vote among Ethereum supporters shows overwhelming backing for Danny Ryan as the next leader of the Ethereum Foundation. 99% of the 300 wallets (holding over 50,000 ETH worth $160 million) have voted in favor of Ryan — although the results are not conclusive for a leadership change.
Quick Take The decentralized competitor to Uber and Lyft is shutting down, the company announced on Thursday. Teleport was founded in 2022 and raised $9 million amid a surge in interest in “dePIN” projects.
DeepSeek faces legal and competitive challenges, triggering a rebound in AI crypto coins like Virtuals Protocol, AIXBT, and Ai16z after a $5B loss.
Chinese AI startup DeepSeek spurred a $1 trillion rout in US and European tech stocks yesterday
- 11:05A whale on Hyperliquid has made over 16 million USD in floating profit by shorting ETH at 50 times leverageAccording to HypurrScan monitoring, a certain whale opened an Ethereum short position on Hyperliquid in January with 50 times leverage, and has now made a floating profit of about 16.52 million US dollars. If Ethereum rises to 4646 US dollars, its corresponding position will be liquidated.
- 10:56US Treasury Secretary: Cryptocurrency economy will continue to existUS Treasury Secretary Scott Bessent said in an interview with FOX Business: "The spirit of cryptocurrency is about freedom, and the cryptocurrency economy will continue to exist."
- 10:07The total number of Ordinals inscriptions cast has exceeded 76 million piecesDune data shows that the total amount of Bitcoin NFT protocol Ordinals inscriptions minted has exceeded 76 million, reaching 76,573,851. The cumulative fee income from Ordinals inscription minting has reached 6,986.8894 BTC, worth approximately $724,620,762.