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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.
- 06:50A certain exchange plans to integrate the Luquifi feature with its Prime service and support PayPal payments in AustraliaAccording to Jinse Finance, a certain exchange stated in its official blog that after acquiring Liquifi, the exchange will be able to collaborate more effectively with builders in the early stages of a token’s lifecycle, that is, before the token is issued or listed. Moving forward, the exchange will integrate Liquifi’s features with its Prime platform, providing issuers with Prime platform tools while also strengthening integration in areas such as custody, trading, and financing. In addition, the exchange announced that it has integrated PayPal as a payment method for Australian users. PayPal accounts can now be directly linked to the exchange’s Australia platform, allowing users to use their bank cards or bank accounts without having to directly enter sensitive financial details.
- 06:22A whale address holding a 40x BTC short position increases its short bet on BTC, with the position now exceeding $70 million in valueAccording to a report by Jinse Finance, HyperInsight monitoring shows that a whale address starting with 0x5D2 has increased its 40x leveraged BTC short position on HyperLiquid by $16.45 million (138.9 BTC). The current unrealized loss stands at $447,000. The specific position details are as follows: Entry price: $107,464.40 Leverage: 40x Position value: $70,437,384.89 Position size: 651.28 P&L: -$447,793.90 Liquidation price: $116,670.03
- 06:06Analysis: DOGE Stabilizes at the Key Support Level of $0.16According to ChainCatcher, citing a report from CoinDesk, Dogecoin (DOGE) found support near $0.163 after experiencing a 5% intraday decline. The price rebounded after hitting an intraday low of $0.161, with trading volume during key periods reaching 452 million coins, twice the 24-hour average. Analysts noted that the $0.162–$0.164 range has established a short-term support base. If DOGE remains above this level, it may see stronger momentum once market sentiment improves.