LDO Short-Term Breaks $2.3, Surges Over 15% in 24 Hours

On January 31st, 1confirmation founder Nick Tomaino stated in a social media post that "Countries may soon begin large-scale purchases of cryptocurrency and will purchase a cryptocurrency possessing the following characteristics: · Trusted neutrality (resistant to censorship and not affiliated with any country). · A low insider holding ratio (not controlled by a minority). There are only two cryptocurrencies that meet these criteria: BTC and ETH."

On January 31st, a White House official stated that U.S. President Trump is scheduled to meet with NVIDIA's CEO at the White House. (Xinhua Finance)

On January 31st, as per an official announcement by Uniswap, Uniswap v4 has become live and is the latest version of the Uniswap protocol. After the contributions of hundreds of community members in terms of code and through nine separate audits, along with the largest-ever security bug bounty of $15.5 million, Uniswap v4 is now deployed on multiple chains such as Ethereum, Polygon, Arbitrum, and others. This update turns the protocol into a highly customizable developer platform where developers can define custom logic for features like pools, trading, fees, etc. by using "hooks" plugins.

On January 31st, according to CoinDesk, Grayscale has initiated a new Dogecoin Trust Fund. Grayscale holds the view that DOGE is no longer merely a meme coin; instead, it has transformed into a tool for global financial inclusion. After Trump's victory in the election, numerous fund managers had previously submitted applications for a DOGE ETF.

On January 31st, according to The Block, a new report from CryptoQuant suggests that the growth of the supply of stablecoins may serve as a key driver for the next surge in cryptocurrency prices. A CryptoQuant analyst remarked: "Historically, an increase in the supply of stablecoins has been correlated with sustained upward trends in the crypto market." The data indicates that the total market capitalization of stablecoins has exceeded $200 billion, reaching $204 billion, hitting a new all-time high. Since November 4, 2024, when Trump won the U.S. presidential election, the market capitalization has increased by $37 billion.

On January 31st, as monitored by on-chain analyst Yu Jin, the crypto project World Liberty Financial (WLFI) backed by Trump spent 10 million USDT 15 minutes ago and purchased 2,971.4 ETH. Due to the surge in today's ETH price, its holdings of Ethereum have now "broken even". Up to now, WLFI has spent a total of 297 million US dollars to purchase 8 different tokens. In terms of the allocation percentage, ETH accounts for 67%, BTC accounts for 23%, and the other 6 altcoins account for 10%.