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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 12:33
    Opinion: If the U.S. Treasury reevaluates the value of gold, the Federal Reserve will fall into chaos
    Odaily Planet Daily reports that Wrightson ICAP suggests, under the debt ceiling limit, revaluing U.S. gold reserves may seem tempting but it would have profound effects on the financial system, increase liquidity and extend the Federal Reserve's balance sheet reduction time. The core idea is that the government should revalue gold reserves from $42.22 per ounce (the legacy price of Bretton Woods System) to market prices. Wrightson ICAP economist Lou Crandall states that there is little chance of reassessing Treasury's holdings of gold; any gains would be minimal and public relations response could be chaotic. Previous news reported Hong Kong considering promoting tokenization of gold while debates over auditing U.S. gold reserves sparked controversy in crypto community supporting Bitcoin as a reserve asset.
  • 12:30
    Glassnode: The scale of open contracts in the Meme sector has significantly shrunk, with DOGE's 7-day average drop reaching 58.45%
    According to a message from ChainCatcher, data from Glassnode shows that the scale of open contracts in the Meme sector has significantly shrunk since its peak. The 7-day moving average of DOGE's open contracts fell from $35.8 billion on December 9, 2024, to the current $14.9 billion, a decrease of 58.45%. The decline in other Meme coins is even greater, with PEPE falling by 71.93% (from $1.25 billion to $351 million), BONK falling by 75.10% (from $715 million to $178 million), and WIF falling by 69.83% (from $653 million to $197 million). Although SHIB and FLOKI have smaller overall scales of open contracts, their declines are also significant, dropping by 74.41% and 69.18%, respectively, down to $83 million and $12.9 million. This trend clearly indicates that there has been a substantial pullback in the open contracts across the Meme sector which could mean an exit of leveraged funds while also reflecting a shift in overall market sentiment within the Meme sector.
  • 12:19
    DuckChain ecosystem token $DUCK announces core utility, covering governance, staking, and on-chain gas payment scenarios
    Recently, DuckChain officially reiterated the multidimensional functions of its ecological token DUCK, clarifying its application scenarios as a core asset of the ecosystem.   At the governance level, DUCK holders can participate in on-chain proposal voting through an AI-enhanced governance system to optimize decentralized decision-making efficiency. The staking module allows users to earn rewards by locking tokens and enhance cyber security. In addition, $DUCK is set as the main token for gas fee payment in on-chain transactions, and provides a universal settlement medium for liquidity incentives and user interaction of dApps within the ecosystem.   The team stated that the design of $DUCK aims to simplify the user and developer operation process through a single token system. Currently, the on-chain staking contract and governance framework have been deployed.
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