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Elon Musk's DOGE is considering blockchain adoption in gov't efficiency push: Bloomberg
Elon Musk's DOGE is considering blockchain adoption in gov't efficiency push: Bloomberg

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.

The Block·2025/01/24 16:00
Paradigm calls for accelerating Ethereum development: 'Ethereum can do more'
Paradigm calls for accelerating Ethereum development: 'Ethereum can do more'

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.

The Block·2025/01/24 16:00
Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event
Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event

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

The Block·2025/01/24 16:00
US Bitcoin ETFs are more valuable than ever after 7-day inflow streak
US Bitcoin ETFs are more valuable than ever after 7-day inflow streak

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.

The Block·2025/01/24 16:00
Bitcoin could top $150K before retrace in repeat of 2017 cycle, says analyst
Bitcoin could top $150K before retrace in repeat of 2017 cycle, says analyst

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.

Cointelegraph·2025/01/24 08:37
Flash
  • 06:27
    UXLINK has reached a strategic cooperation with industry leaders to achieve technological upgrading and payment scenario landing
    On February 7th, UXLINK announced the completion of two key strategic collaborations, establishing deep collaboration with blockchain infrastructure service provider SOON and payment protocol platform AEON. Technically, SOON will provide customized Rollup solutions for the UXLINK ecosystem, building a new generation of social platform infrastructure based on high-performance SVM architecture. This technology deployment will significantly improve on-chain interaction efficiency, reduce user usage barriers, and provide a smooth Web3 social experience for millions of users worldwide.   In terms of expanding application scenarios, UXLINK's native token $UXLINK will be connected to the mainstream mobile payment network in South East Asia for the first time through deep integration with the AEON payment protocol. With AEON Pay covering offline merchant systems in Japan, Singapore, Thailand and other places, users can directly use the token to complete daily consumption, including convenience store shopping, catering payment and other high-frequency scenarios. The two parties will also use the FujiPay system to connect the real-time settlement channel between encrypted assets and traditional POS end points, and build the first cross-border transfer solution that supports Web3 tokens.   This technology alliance marks a new stage for blockchain applications: UXLINK is building a complete ecological closed loop from technical infrastructure to consumer end points through underlying architecture optimization and real-scene penetration while maintaining its social advantages. This "social + payment" dual-wheel drive model may reshape the digital payment landscape in South East Asia and provide a replicable business paradigm for large-scale Web3 applications.
  • 06:26
    Plume Network reshapes the RWA market pattern, community-driven financial infrastructure accelerates on-chain economic iteration
    On February 8th, Plume Network revealed its RWA (Real World Assets) strategic blueprint at the Ondo Summit, proposing a collaborative paradigm of "Robinhood 2.0" and "Wall Street 2.0", aiming to build a community-led next-generation on-chain financial ecosystem. Plume emphasized that with the promotion of GME events by Reddit retail investors as a symbol, individuals and communities are reconstructing the global Financial Marekt has the voice over. Currently, Plume has aggregated more than 180 ecological projects, transforming community purchasing power into the core driving force of on-chain asset publishing and liquidity through the Modularization toolchain and decentralized governance framework.   The cooperation between Plume and Ondo is regarded as a key node in the RWA market. The two parties plan to integrate institutional asset publishing capabilities with community-driven demand networks to promote seamless access from traditional hedge funds to individual investors. Its latest roadmap proposes the concept of "RWA 2.0", which connects the asset supply side and demand side through on-chain aggregators, reduces compliance barriers, and improves transaction efficiency. Plume also disclosed that its underlying protocol will support the tokenization of multiple asset classes, covering private lending, commodities, and alternative investment fields, further expanding the application scenarios of decentralized finance.   Plume's model may inject new variables into the RWA market - by strengthening community governance and tool inclusiveness, promoting the transition of the on-chain economy from institutional dominance to multilateral collaboration, this path may reshape the underlying logic of trillion-dollar real-world assets on the chain.
  • 06:24
    Stellar (XLM) Network Accelerates Real-World Asset Integration, Global Payment Ecosystem Scales Over $19 billion
    On February 7th, it was officially announced that the Stellar (XLM) network has achieved multiple breakthroughs in the real-world asset (RWA) and global financial infrastructure fields. Ondo Finance announced that it will launch the income-based US dollar stable asset USDY on the Stellar network. With the help of Stellar's payment network covering more than 400,000 global cash entry and exit, it will further connect the liquidity of on-chain and off-chain assets, and provide efficient cross-border transfer, asset collateral, and treasury management services for institutional and individual users.   According to the data released simultaneously in Q4 2024, the total number of addresses on the Stellar network exceeded 9 million, the on-chain RWA asset publishing volume reached $458 million, the quarterly payment scale exceeded $4.10 billion, and the total transaction volume exceeded $19.10 billion. Its underlying technology supports more than 5.57 million on-chain operations per day with an average block confirmation speed of 5.93 seconds, continuously consolidating its leading position in compliance payment and asset tokenization.   Currently, Stellar has built an open ecosystem connecting traditional finance and blockchain, gradually becoming a core option for enterprise-level financial infrastructure by introducing diverse RWA assets and expanding the global node network.
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