ETH breaks through the $4600 mark

Bitcoin leads the way, but a new wave of blockchains offers compelling opportunities with applications that are growing and generating revenues.

[Lombard Launches Yield-Generating Bitcoin Asset LBTC on Solana Network] Odaily Planet Daily reports that Bitcoin DeFi protocol Lombard has launched the yield-generating Bitcoin asset LBTC on the Solana network. LBTC is an SPL token issued by Lombard, fully backed by Bitcoin, secured by a decentralized validator network, and provides real-time proof of reserves.

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[Federal Reserve Board Nominee Milan May Be Confirmed Before Meeting] Market reports indicate that Milan, the Federal Reserve Board nominee proposed by Trump, may be confirmed before the upcoming Federal Reserve meeting. The U.S. Senate Banking Committee plans to hold a hearing next week to review his nomination.

[The U.S. Government Releases GDP Data on Blockchain for the First Time, Covering Nine Blockchain Platforms] The U.S. government has begun publishing Gross Domestic Product (GDP) data on public blockchains, initially covering nine blockchain platforms including Bitcoin, Ethereum, and Solana. This move aims to provide a new channel for economic data dissemination but will not replace existing methods. Commerce Department officials revealed that the cryptographic hash values of the data will be recorded on the blockchain, with plans to expand coverage in the future. Commerce Secretary Howard Lutnick, a key proponent of the initiative, previously expressed his desire to adjust the GDP reporting method to exclude the impact of government spending on the data. The data is published by the Bureau of Economic Analysis, and this blockchain initiative is unrelated to the dismissal of the Bureau of Labor Statistics director. This move is seen as further support from the U.S. government for cryptocurrency and blockchain technology.