Vitalik Buterin says the original concept for Layer 2 is no longer viable unless projects can achieve effective scaling or bring new innovations.

Huddle01, a decentralized communication network, has secured $6.6 million in funding from Hivemind Capital Partners, LongHash Ventures, Protocol Labs, and other investors. The platform has processed 3.3 million transactions and has over 170,000 active users. Huddle01 plans to conduct an initial coin offering (ICO), with a mainnet launch and token generation event for its $HUDL token scheduled for the first quarter. Polymarket is already accepting bets on the fully diluted valuation (FDV) following the launch.

The government funding bill has advanced through the procedural process in the U.S. House of Representatives and is now scheduled for a vote.

Democratic senators are set to convene a closed-door session tomorrow to discuss the regulation of the cryptocurrency market, according to two sources familiar with the matter.

The current market presents a downturn as investor sentiment remains cautious, with major indices experiencing declines amid ongoing volatility.

VTB and Mosinzhproekt used the digital ruble to execute payments under a government contract for Moscow metro construction. dlnews

The US House of Representatives approved a funding bill for the government.

Crypto.com is set to launch the OG forecasting platform.

Crypto.com is set to launch an OG forecasting platform.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Trump signed legislation officially ending the U.S. government shutdown.

The Aave DAO has proposed a strategy aimed at strengthening the Aave V3 multichain ecosystem. The plan recommends pausing the deployment of Aave V3 on zkSync, Metis, and Soneium during the initial phase. Additionally, it proposes a new requirement that any future Aave V3 deployments must generate a minimum of $2 million in annual revenue.

Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) has entered into a strategic agreement with an undisclosed investor to receive 15,000 BTC in exchange for an equity stake in the company.

Santiment reports that discussions surrounding Bitcoin have shifted from inquiries about the timing of a recovery to debates over potential lows. The accompanying chart shows tall bars representing:
- Blue for mentions of Bitcoin priced between $50,000 and $59,000;
- Red for mentions in the $90,000 to $99,000 range.
Market sentiment appears misaligned with common expectations, indicating a possible rebound.

WisdomTree, which manages $150 billion in assets, has announced that cryptocurrency has become its primary focus. coindesk

Whale and Institutional Transactions:

Trend Research and Garrett Jin continue to sell ETH to settle loans and prevent liquidation. Over the past three days, they deposited a total of 316,185 ETH worth approximately $738 million on Binance.

A whale previously accumulating Bitcoin has halted purchases and sold all 5,076 BTC, valued at around $384 million, incurring losses of roughly $118 million.

Three dormant wallets, likely managed by the same entity, purchased 5,970 ETH at an average price of $2,195, totaling approximately $13.1 million.

Ark Invest is raising its holdings in Bitmine and Circle. theblock.com

Yesterday, spot Bitcoin ETFs recorded net outflows of approximately $272 million, while spot Ethereum ETFs experienced net inflows of around $14 million.

Crypto.com launches dedicated prediction app for "OG" market, following significant growth. cointelegraph

Tom Lee of Fundstrat stated that Bitmine's unrealized losses on ETH are "not a flaw, but a characteristic." He also emphasized that Ethereum signifies the future of finance.

The Binance SAFU Fund has increased its holdings by 1,315 BTC, valued at approximately $100.42 million.