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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.
- 13:22The proposal to enable WLFI token transfers is now in effectAccording to Jinse Finance, the official team behind the Trump family crypto project WLFI has announced that the proposal to make WLFI tokens transferable is now in effect. On this Independence Day in the United States, we are making history.
- 13:22An Ancient Whale Still Holds a Dormant Address with 10,000 BTC Untouched for 14 YearsAccording to Odaily Planet Daily, on-chain analyst Ember has detected that an ancient whale moved BTC from three addresses that had been dormant for over 14 years today, with 10,000 BTC in each address. Through related addresses, another address holding 10,000 BTC, also dormant for 14 years and not yet moved, was discovered. This means that this ancient whale currently holds at least 40,000 BTC, valued at as much as $4.35 billion. The current price has increased 66,000 times compared to when the BTC was first acquired.
- 13:22Ondo Finance to Acquire Broker Oasis Pro to Advance Tokenized US Stocks BusinessAccording to Jinse Finance, Ondo Finance will acquire Oasis Pro, a broker regulated by the U.S. Securities and Exchange Commission, to advance its tokenized stock business in the United States.