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Quick Take Donald Trump is preparing to name Kelly Loeffler, former CEO of crypto company Bakkt, to his cabinet to lead the Agriculture Department. Loeffler, a former Senator, is co-chair of Trump’s inauguration team, while her husband is the current CEO of Intercontinental Exchange (ICE), the NYSE owner who founded and majority-owns Bakkt. Financial Times reported earlier this week that Trump’s social media company is in advanced talks to acquire Bakkt in an all-stock deal.
Bitcoin nears $100K as stablecoin inflows hit record highs and ETF activity signals bullish momentum. A $115K rally by Christmas is in sight.
Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.
- 03:56Pump.fun has accumulated nearly 230 million US dollars in revenue, with a total of approximately 3.74 million tokens deployedAccording to Dune data, pump.fun has accumulated revenue close to 230 million dollars ($228,908,720), with a total of approximately 3.74 million tokens deployed.
- 03:53Victory Securities: Funding Rates fall by half, the short-term direction of Bitcoin is not one-sidedVictory Securities Deputy Chief Operating Officer Zhou Lele stated in an analysis that the risk of macro and high-level negative impacts on the cryptocurrency market has passed, with more risks now focusing on expected returns. For example, after media reports about the "Government Efficiency Department" (abbreviated as DOGE) led by American entrepreneurs Musk and Ramaswami, Dogecoin ($DOGE) only increased by 5.7%, while it surged 83% in the week when US election results were announced. Last week saw a net inflow of $1.67 billion into off-exchange Bitcoin ETFs, with exchange contracts and CME contract holdings remaining high. However, funding rates have halved and fallen back, indicating that Bitcoin's short-term direction is not one-sided; bears are also accumulating strength.
- 03:45Aave's deposit amount reaches 30 billion US dollars, ranking alongside the world's 64th largest bankBitwise CEO Hunter Horsley posted on X saying: "Aave's continuous growth is impressive, with its deposits now reaching 30 billion US dollars, surpassing the deposit amounts of thousands of American banks. If Aave were considered a bank, it would be the 64th largest in the world based on deposits. The future lies on-chain."
