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Quick Take Daily new addresses on Solana have reached an all-time high, according to The Block’s Data Dashboard. The increased network engagement could potentially see Sol reach a new all-time high, according to an analyst.
Quick Take Hop DAO completed an on-chain vote to sell 209,251 Arbitrum tokens, a move that will help it pay its moderators and finance its protocol’s operations, as well as research initiatives. The community is pawning off 25% of its ARB holdings to buy USD-Coin.
Bloomberg ETF analysts have dropped their chances of a spot Ethereum ETF approval in May to 30% from between 60-70%.Market making firm GSR still holds that approval is more likely than not — but is preparing to downgrade its chances of approval if there is no progress over the next month.
The GameFi market cap has outperformed the rest of the cryptocurrency sector in the past 24 hours.
Quick Take U.S. Presidential candidate Donald Trump told CNBC he has “fun” with crypto. Trump also said bitcoin is an “additional form of currency.”
Bitcoin miners remain the best equity proxy to bitcoin as the cryptocurrency heads toward $150,000, according to Bernstein analysts.Recent underperformance from public bitcoin miners represents the last window of opportunity before the halving, with mining stocks set to more than catch up with bitcoin’s price action, the analysts predicted.
- 23:06U.S. Treasury Department: CBDC should replace stablecoinsAccording to a report released by the U.S. Treasury Department on Wednesday, the department is concerned about the growth of the stablecoin market and believes that privately issued stablecoins should ultimately be replaced by central bank digital currencies (CBDCs) supported by the state. The report, written by the U.S. Treasury Department's Office of Debt Management, stated: "Similar to how private 'wildcat' currencies issued in late 19th century were replaced with government-backed central bank money, Central Bank Digital Currencies (CBDCs) may need to replace stablecoins as the primary form of digital currency underpinning tokenized transactions."
- 23:06The U.S. government has sold the ANT tokens seized from Alameda ResearchAccording to Arkham data, the U.S. government has sold ANT tokens seized from Alameda Research. This is the first time in nearly two years that funds have been transferred from this wallet, which contains approximately $974,000 worth of cryptocurrency. In November 2023, the Swiss non-profit organization Aragon Association voted to dissolve and sold 86,343 ETH (worth $155 million at the time) for ANT tokens. Users must exchange their ANT tokens before November 2, 2024. After redemption, all ANT tokens will be destroyed, meaning "from now on, there is no point in continuing to hold ANT."
- 23:00Hedge Fund Manager Anthony Scaramucci: Bitcoin Price to Triple by 2026Hedge fund manager Anthony Scaramucci says the price of bitcoin will triple to $176,000 by 2026.
