Grayscale launches Dogecoin Trust Fund with BTC portfolio holdings less than 10%

Headline

▌Vitalik: Bitcoin holdings account for less than 10% of the portfolio

Ethereum co-founder Vitalik Buterin posted on social media that Bitcoin holdings account for less than 10% of my portfolio. Except for Ethereum, any asset is less than 10%.

▌Grayscale launches new Dogecoin Trust

Grayscale announced the launch of a new closed-end fund, Dogecoin Trust, to provide exposure to Dogecoin (DOGE). The asset management company believes that DOGE is no longer just a meme coin, but has become a tool for global inclusive finance, especially in areas with underdeveloped banking infrastructure, with its low transaction costs and fast transfer speeds.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $102,483, with a daily increase or decrease of -0.2%;

ETH's latest transaction price is $3,312.75, with a daily increase or decrease of +1.2%;

BNB's latest transaction price is $678.57, with a daily increase or decrease of +0.0%；

SOL's latest transaction price is 232.28 US dollars, and its intraday change is -2.4%；

DOGE's latest transaction price is 0.3306 US dollars, and its intraday change is -0.3%；

XPR's latest transaction price is 3.05 US dollars, and its intraday change is -3.07%.

Policy

▌White House: Senate confirms 8 cabinet nominees nominated by Trump

On January 31, local time, White House press secretary Carolyn Levitt said that the Senate has confirmed 8 cabinet nominees nominated by US President Trump, including Transportation Secretary Sean Duffy, Environmental Protection Agency Administrator Lee Zeldin and Interior Secretary Doug Burgum. Burgum is scheduled to be sworn in later that day. The White House expects the Senate to continue to quickly confirm the remaining qualified nominees and vote in the coming days.

▌White House: 25% tariffs will be imposed on Mexican and Canadian goods from February 1

On January 31, local time, White House press secretary Carolyn Levitt said at a briefing that it was confirmed that a 25% tariff would be imposed on Mexican and Canadian goods from February 1. On January 30, local time, US President Trump said he plans to fulfill his promise to impose a 25% tariff on goods imported from Mexico and Canada on February 1.

Blockchain Applications

▌Las Vegas Giant Ball Sphere Denies Advertising Deal with Dogwifhat (WIF)

A Las Vegas Sphere spokesperson denied an advertising deal with Solana meme coin Dogwifhat (WIF). "There have been no plans to have Dogwifhat appear on Exosphere in the past and present, and we are very worried that they are using our name for fraud." Previously, the Dogwifhat team hinted on X that an ad would be launched on the Las Vegas Sphere, then deleted the post and reposted the artwork without the words "official confirmation".

Cryptocurrency

▌Italian data regulator restricts DeepSeek and launches investigation

The Italian Data Protection Authority has launched an investigation into the artificial intelligence chatbot of the Chinese startup DeepSeek and said it has banned it from processing the data of Italian users. The Italian Data Protection Authority said that after asking the company about its use of personal data, it received a "completely inadequate" response and decided to take action.

▌Las Vegas giant Sphere denies reaching an advertising deal with Dogwifhat (WIF)

A spokesperson for Las Vegas Sphere denies reaching an advertising deal with Solana meme coin Dogwifhat (WIF). "There were no plans in the past or now for Dogwifhat to appear on Exosphere, and we are very worried that they are using our name for fraud." Previously, the Dogwifhat team had hinted on X that ads were coming to the Las Vegas Sphere, then deleted the post and reposted the artwork without the words "official confirmation."

▌The U.S. SEC has delayed approving rule changes for the conversion of Grayscale Digital Large Cap Fund to a spot ETF

The U.S. Securities and Exchange Commission (SEC) has delayed approving rule changes for the conversion of Grayscale Digital Large Cap Fund to a spot ETF.

Important Economic Dynamics

▌Fed Goolsby: Legal restrictions prevent Bitcoin from becoming a reserve asset

Fed Goolsby: Regarding the issue of Bitcoin reserves, the Federal Reserve is legally restricted from adding such assets to its balance sheet.

▌The Fed is expected to take a more cautious path of interest rate cuts in 2025

According to Jinshi, Galaxy Securities released a research report showing that considering the performance of the US economy at the end of 2024 and current economic data, the US economy has shown a certain growth momentum and resilience. Since taking office on January 20, Trump has quickly signed a series of executive orders. His policy style emphasizes protectionism and economic nationalism, but he often bypasses Congress to advance his agenda through executive orders, so he also faces many political and legal obstacles in the implementation process. Taking these factors into account, the Federal Reserve is expected to take a more cautious path of interest rate cuts in 2025, with an annual interest rate cut of between 0.25% and 0.50%.

Golden Encyclopedia

▌What is chain abstraction?

Chain abstraction in blockchain works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain. Chain abstraction solutions are still under development, and many companies are working on solving the problem. At present, how this all works is not an exact science, but multi-chain solutions may allow users to seamlessly use Web3 from a single account.

Disclaimer: As a blockchain information platform, the content of the articles published by Jinse Finance is for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.