The Blockchain Bulletin, Feb 10: Trump Pushes DOGE to Audit Pentagon
Hey folks! Hope you had an eventful weekend. Let’s have a quick peek at the various developments that undertook in the crypto landscape over the last 24 hours. The Ethereum Foundation transferred 50,000 ETH ($131.66 million) to a multi-signature wallet, signaling deeper engagement with DeFi protocols instead of liquidating assets.
Meanwhile, Brazil’s stock exchange, B3, is expanding its crypto offerings with plans to introduce Bitcoin options and Ethereum and Solana futures, integrating digital assets into traditional markets. Arweave also launched its computing platform, AO, enhancing decentralized storage and security.
The total number of cryptocurrencies listed on CoinMarketCap is nearing 11 million, driven by a flood of meme coins, raising concerns about market saturation. Calls for blockchain-based transparency in government spending have intensified, with DOGE reportedly saving U.S. taxpayers $36 billion. President Donald Trump has also joined the discussion, pushing for Pentagon budget transparency via DOGE.
Institutional adoption is growing, with the University of Austin raising a $5 million Bitcoin fund for its $200 million endowment, planning to hold the asset for at least five years. However, not all institutions are embracing crypto—Poland’s central bank rejected Bitcoin as a reserve asset, citing that it did not meet security standards. The SEC has delayed its decision on Ethereum ETF options until April 9, 2025, adding uncertainty to Ethereum’s regulatory future.
Related: https://cryptotale.org/cftc-to-host-ceo-forum-on-digital-assets-pilot-program/
Meme-based cryptocurrencies continue to see significant market activity. A crypto whale recently made over $10 million trading the TRUMP token after Binance’s listing pushed its price higher. Despite speculation, former Binance CEO Changpeng Zhao denied any ties to the token. Meanwhile, Solana-based token launch platform Pumpfun has generated $572 million in fees and plans to issue tokens via a Dutch auction, though ongoing U.S. legal scrutiny could impact its launch.
In regulatory shifts, Hong Kong has begun accepting Bitcoin and Ethereum as proof of assets for investment immigration, positioning itself as a crypto-friendly jurisdiction. These developments highlight the industry’s rapid innovation, ongoing speculation, and growing regulatory scrutiny.
