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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.
- 03:06A certain whale has increased its long position on HyperLiquid, with the floating loss expanding to 14.39 million US dollarsAccording to Onchain Lens monitoring, a certain whale has increased its long positions in SOL, ETH, WIF, BTC and kPEPE, currently facing a floating loss of 14.39 million USD. This whale still has open contract orders for these tokens amounting to 8.43 million USD. To initiate these trades, the whale provided 19,413 ETH and borrowed 16.25 million USD of USDC on HyperLiquid to go long.
- 03:04A certain whale's 65,675 ETH loan position is on the verge of liquidation, with a liquidation price of $1,931.83According to Lookonchain monitoring, a certain whale's lending position of 65,675 ETH (worth $135.8 million) on Maker is on the verge of liquidation. Its health rate is only 1.05, and the liquidation price is $1931.83.
- 02:58SuperRare Announces Platform Upgrades, Strengthening Curation and $RARE EcosystemAccording to the official tweet, SuperRare is rolling out a series of upgrades, including enhanced curation features, a redesigned platform experience, and an improved $RARE staking mechanism to increase holder participation. The update will introduce new exhibition formats, enhanced collection pages, and immersive storytelling. Additionally, SuperRare plans to expand the $RARE integration ecosystem, with Transient Labs as its first announced partner, providing more tools for creators and collectors. Furthermore, SuperRare will officially launch its "Offline" initiative this spring, assembling a top-tier private sales team to offer personalized recommendations, exclusive deals, and expert guidance, facilitating high-end digital art acquisitions and sales.