News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take Elon Musk and representatives of the Department of Government Efficiency, which Musk leads, have reportedly spoken with blockchain providers while exploring options for putting federal government systems on-chain, according to a Bloomberg report. Possible use cases include tracking federal spending, managing buildings, and making payments, though talks still appear to be in early stages.
Quick Take VC firm Paradigm called for Ethereum to increase its development speed in a post co-authored by the firm’s co-founder and its CTO alongside other partners. “Wherever you think Ethereum should go, surely it is better to get there faster,” the post argues.
Quick Take Solana DEX aggregator Jupiter, as part of its “Catstanbul” event, announced its acquisition of memecoin platform Moonshot, launched a $10 million fund for open-source AI development in conjunction with Eliza Labs, and introduced the ‘Jupnet’ omnichain network, currently in early testnet. Jupiter also debuted a ‘V2’ version of the platform, declaring the platform is once again in beta as new features are added for “every single part of the stack.” At the event, AI project Eliza Labs announced an
Quick Take U.S.-based spot Bitcoin ETFs have racked up nearly $40 billion in cumulative net inflows since their launch just over a year ago. A recent seven-day inflow streak has brought the ETFs to their highest value yet this week — over $123 billion in total net asset value. Nasdaq filed an amended rule filing on Friday that would allow for redemptions and creations in kind for the iShares Bitcoin Trust, the largest such ETF on the market.
Bitcoin could reach $150,000 this cycle, and if it goes above that price level, will probably come “back down through it,” says Glassnode analyst James Check.
- 01:27Bitwise CIO predicts that the US SEC may approve 5 cryptocurrency ETFs this yearBitwise's Chief Investment Officer Matt Hougan stated that US regulators may approve up to five different digital asset spot ETFs this year. However, to achieve this goal, he stated that the SEC needs to cross the regulatory "Rubicon". In addition, Bitwise has submitted the S-1 document of the Dogecoin ETF to the US SEC and listed Coinbase Custody as the proposed custodian of the spot Dogecoin ETF. However, Bitwise's document does not specify the proposed fees and trading codes of the ETF, nor does it specify which securities exchange it will be listed on if approved.
- 01:27India re-examines cryptocurrency stance due to global changesAccording to Reuters, Indian Minister of Economic Affairs Ajay Seth stated in an interview that India is reviewing its stance on cryptocurrency due to the changing attitudes of other countries towards cryptocurrency. This review comes after US President Trump announced a friendly policy towards cryptocurrency, which may further delay the release of the cryptocurrency discussion paper originally scheduled for September 2024.
- 01:26Real-time market morning report: NEAR price breaks through $3.618/coin, up 3.19% intradayBitget data source, NEAR Protocol latest price news, NEAR real-time price up 3.19% to 3.618 dollars, trading volume 429 million dollars Based on the analysis of the K-line chart, it is currently in a fluctuating trend. It has slightly increased compared to 22:00, slightly decreased compared to 21:00, rebounded slightly compared to 17:00, and decreased slightly compared to 14:00. The price has fallen but the trading volume has increased, usually indicating intensified selling pressure and sellers are actively selling. This may be due to the market's pessimistic attitude towards future prices or panic selling triggered by negative news. In this case, future prices may continue to fall due to high selling pressure and low market sentiment. Investors need to pay attention to whether the price will fall below the key support level. If the support level is breached, it may lead to a larger decline. The market is hot, but the price is falling. The William indicator indicates that there is no overbought or oversold state now. Recently, the trading volume has increased, with an increase in trading volume compared to the previous few hours, a decrease in price, and an increase in trading volume: selling pressure has increased. The increase is small, selling pressure still exists, it is recommended to continue to observe and wait for the market to further clarify. The above content is for reference only and does not constitute investment advice.