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Bloomberg analysts Eric Balchunas and James Seyffart are expecting a wave of new cryptocurrency-based ETFs next year after leadership takes over at the SEC.Both predict that a host of new ETFs could launch including a bitcoin and ether combo ETF, Litecoin and HBAR funds, and then eventually spot funds for Solana and XRP.
Quick Take Ethereum Name Service will use Linea’s technology to develop its own Layer 2 network called Namechain.
Quick Take Polygon community members rejected a preliminary proposal to deploy over $1 billion in stablecoin from the PoS Chain bridge for yield generation. Following community feedback, Polygon acknowledged these concerns and decided not to advance the proposal but remained open to exploring innovative ideas in the future.
Quick Take Donald Trump-backed DeFi platform World Liberty Financial and Ethena are planning a “long-term collaboration” starting with implementing the yield-bearing token, sUSDe. World Liberty Financial’s governance will be asked to decide on the implementation this week.
Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance. Bitcoin reaches a new all-time high, trading at $107,487. The market outlook for meme coins remains uncertain, with the potential for further decline.
Quick Take Exodus Movement’s stock was listed on the New York Stock Exchange sister company, NYSE American, on Wednesday. EXOD stock is up over 37% as the trading day ends.
Quick Take “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years.
- 19:03In the past 24 hours, contracts across the entire network have liquidated $479 million, mainly in long positionsCoinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $479 million USD, with long positions accounting for $332 million USD and short positions accounting for $148 million USD. The total amount of BTC liquidated was $70.3878 million USD, while ETH liquidations totaled $73.4036 million USD.
- 19:02Vitalik: Currently, a major transformation is being carried out on the leadership structure of the Ethereum FoundationEthereum co-founder Vitalik Buterin has stated that a major overhaul of the leadership structure of the Ethereum Foundation is currently underway, and this change has been ongoing for nearly a year. Some of these changes have already been implemented and announced, while some are still in progress. The main goals to be achieved are: - Enhancing the technical expertise level of the Ethereum Foundation's leadership;- Improving two-way communication and connections between the Ethereum Foundation's leadership and both new and old participants in its ecosystem. The responsibilities of the Ethereum Foundation include supporting: users (individuals and institutions), application developers, wallets, L2;- Introducing fresh talent to increase execution ability and speed;- More actively supporting application developers to ensure important values and inalienable rights (especially privacy, open source, resistance to censorship) are realistic for all users including those at the application layer;- Continuing to increase use of decentralized technology, privacy technology as well as usage on Ethereum chain including payments and fund management. Things that will be avoided in future include: - Implementing any kind of ideological/atmospheric shift;- Beginning active lobbying with regulatory bodies or powerful political figures (especially in America but actually anywhere especially big countries), risking damaging Ethereum’s status as a globally neutral platform; -Becoming an arena for vested interests; -Becoming highly centralized organization or even becoming "the protagonist" within Ethereum.
- 19:00Data: After profiting from TRUMP, a certain whale has once again changed positions to swarmsAccording to on-chain analyst @ai_9684xtpa, 7 hours ago, the address "8HKXH...W4nwA" sold 2.82 million SWARMS at an average price of $0.1217 (approximately $344,000) and used the obtained SOL to buy TRUMP. Two hours ago, this address cleared its inventory for a profit of nearly $172,000. Through a new address, it spent $485,000 in principal profits to buy back swarms at an average price of $0.1215 per coin. Compared with before, the account has increased its holdings by 1.35 million swarms.