1. U.S. Secretary of Commerce Lutnick: Economic data such as GDP will be released via blockchain
U.S. Secretary of Commerce Howard Lutnick stated during a cabinet meeting with President Trump that the Commerce Department will soon begin releasing economic statistics, including GDP, via blockchain; details of implementation are still being refined.
Read the original
2. VanEck Analyst: BTC and ETH show a rare divergence today, the first since 2021
VanEck Analyst Matthew Sigel pointed out that BTC and ETH exhibited a rare divergence today: Bitcoin's maximum daily drawdown exceeded 10%, while Ethereum did not experience a ≥10% drawdown, marking the first occurrence since 2021. Similar situations have only occurred for 52 days since 2020, accounting for about 2.7%. Historical data shows that in this scenario, Bitcoin's median performance over the next 7 days and 30 days is –2.8% and –15.6%, respectively, while Ethereum's is +6.4% (7 days), –8.4% (30 days). Sigel believes this could be a bearish signal for the crypto market: Ethereum may be able to buffer in the short term, but overall still leans downward.
Read the original
3. Data: Currently, 13 companies or institutions have disclosed holdings of a total of 8.277 million SOL reserves, valued at approximately $1.69 billion
Currently, 13 companies or institutions have disclosed holdings of a total of 8.277 million SOL reserves (valued at approximately $1.69 billion), accounting for 1.44% of the total, with 585,000 SOL being used for staking. Public companies Sharps Technology and Upexi each hold over 2 million SOL, making them the first and second largest holders in the treasury strategy.
Read the original
4. Google Cloud announces the launch of the GCUL platform, currently in the private testnet phase
Google Cloud has announced the launch of the GCUL platform, simplifying cross-border payments and asset settlements through distributed ledger technology, aiming to reduce costs and improve efficiency. GCUL will use Python-based smart contracts to facilitate 24/7 operations in the capital markets. GCUL is currently in the private testnet phase and announced earlier this year a collaboration with the Chicago Mercantile Exchange (CME) to conduct a tokenized asset pilot. More technical details are expected to be provided in the coming months. Rich Widmann, Google Cloud's Head of Web3 Strategy, claims that GCUL is a Layer 1 blockchain, but this has been questioned by the community.
Read the original
