- Specs News
- Posts
- 2/6/25: The U.S. government onchain? ⛓️🏛️🐻
2/6/25: The U.S. government onchain? ⛓️🏛️🐻

Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

Top News
Elon Musk proposes putting all U.S. Treasury transactions onchain
Trump’s FDIC chief rethinks crypto guidance amid Senate probe
Berachain mainnet launches today with large airdrop claim

Specs’ Insights
1. Elon Musk proposes putting all U.S. Treasury transactions onchain
🚨 NOW: Elon Musk proposes putting the U.S. Treasury on blockchain for full spending transparency.
Citizens could track taxpayer dollars in real time.
— Cointelegraph (@Cointelegraph)
8:30 PM • Feb 5, 2025
⌐◪-◪ → The U.S. government onchain?
Yesterday, Elon Musk, head of the Department of Government Efficiency (DOGE), proposed putting all U.S. Treasury transactions on the blockchain for full spending transparency.
This would allow anyone with an internet connection to audit government spending in real-time—a monumental paradigm shift. Blockchain’s transparency, speed, and cost efficiency could radically modernize how taxpayer dollars are managed. Imagine billions of people scrutinizing every dollar spent.
But the idea has sparked debate about feasibility and legality. While transparency is key, there may need to be exceptions for sensitive military R&D or classified national security projects.
In my view, putting government spending on-chain is inevitable. The bigger question: which blockchain will they choose?
2. Trump’s FDIC chief rethinks crypto guidance amid Senate probe
JUST IN: FDIC plans to revise crypto guidelines and allow banks to engage in crypto activities.
— Watcher.Guru (@WatcherGuru)
6:14 PM • Feb 5, 2025
⌐◪-◪ → Crypto vibes in Washington are shifting hard.
The FDIC is revising its guidelines on cryptocurrency, potentially allowing banks to engage in crypto activities like custody and ‘tokenized deposits.’ This is happening alongside Senate Banking hearings investigating Operation Chokepoint 2.0, which debanked individuals and industries based on political or ideological grounds.
In a surprising turn, even crypto skeptic Sen. Elizabeth Warren pledged to work with Donald Trump and Senate Republicans to end debanking practices—signaling a seismic vibe shift.
Crypto is no longer just a niche. It’s clear we’re entering a golden era for crypto in the U.S., where institutions and regulators are finally starting to embrace this industry instead of fighting it. The future looks brighter than ever.
3. Berachain mainnet launches today with large airdrop claim
Berachain is finally real.
— Berachain Foundation 🐻⛓ (@berachain)
12:56 PM • Feb 6, 2025
⌐◪-◪ → The new chain with a $632M airdrop frenzy.
The long-awaited Berachain is officially live with its unique Proof-of-Liquidity (PoL) consensus mechanism. Alongside its launch came a massive token airdrop worth $632M. One lucky user reportedly received 1.4M $BERA tokens, valued at $30M at a $10B FDV.
If you think you’re eligible, you can check at checker.berachain.com by connecting your X account (read-only).
While airdrops are great for hype, most tokens are usually dumped and rotated back into established ecosystems. The long-term impact is questionable, and most of these tokens trend to zero.
Personally, I’m more intrigued by Berachain’s Proof-of-Liquidity mechanism, where validators provide liquidity to secure the network. Could this be a game-changing alternative to Proof-of-Stake or Proof-of-Work? Only time will tell.

Everything Else
📈 Market Snapshot
Bitcoin → $97,908.11 ▼ 0.32% (24h)
Ethereum → $2,748.35 ▼ 1.40% (24h)
XRP → $2.37 ▼ 6.12% (24h)
Solana → $196.08 ▼ 4.47% (24h)
BNB → $582.28 ▲ 1.15% (24h)
PENGU falls 11% as team burns 12% ($150M) of token supply
XRP price falls following ledger downtime
Standard Chartered thinks BTC could reach $500,000 by 2028
AI agent market cap slumps to $6B as hype fades
⛓️ Crypto & DeFi
XRP Ledger's hour-long halt sparks debate over consensus tradeoffs
Solana hits major milestone, one year without network outage
Solana DEX aggregator Jupiter’s X account hacked, shills memecoin
Raydium dominates Solana AMMs and aims at perps market
Researchers flag crypto stealing malware in Google and Apple apps
Gold-backed cryptocurrencies shine amid trade war worries
Textile, 3Box Labs merge in decentralized data tie-up for AI
Bitcoin gets a trustless bridge to Ethereum through Arbitrum L2
MetaMask adds Gas Station feature for token-based transaction fees
🏦 Wall Street & VC
DeFi enters a 'new growth phase,' says BitMEX
Tigher 21 holds about $6B in digital assets
MicroStrategy rebrands as 'Strategy' to emphasize Bitcoin holdings
MicroStrategy reports Q4 loss, BTC holdings at 471,107
Semler Scientific adds $88M to its Bitcoin treasury
0G Foundation unveils $88.8M ecosystem fund for decentralized AI
Reservoir raises $14M in Series A funding
🏛️ Legal & Regulatory
Eric Trump says it “feels like a great time” to buy BTC
Pump.Fun seeks removal of memecoins infringing on its IP
New Mexico proposes Bitcoin Reserve bill with 5% allocation
Elizabeth Warren pledges to work with Trump to end crypto debanking
SEC moves top crypto litigator to IT department, lol
Trump’s CFTC head slams prediction markets resistance
Cboe BZX Exchange proposes options trading on spot Ethereum ETFs
Trump's 10-year yield plan and its implications for Bitcoin
Public Citizen files complaint over Trump’s meme coin
Trump's IEEPA tariff orders could boost Bitcoin
Ransomware extortion fell 35% in 2024 amid crypto exchange crackdowns
Coinbase adds support for ETHFI on the Ethereum network
🌎 Rest Of The World
Czech President eliminates capital gains on Bitcoin held over 3+ years
Canada bans crypto funds from reduced margin eligibility
Sovereign wealth funds eye Bitcoin opportunities
BlackRock to launch Spot Bitcoin ETP in Europe
Bringin makes Bitcoin easier to spend in Europe
Hong Kong’s OSL expands into Japan
Swedish asset manager launches $AVAX & $ADA ETP in Helsinki
🖼️ NFTs & Metaverse
Solana meme coins TRUMP, VINE see double-digit gains
Bera NFTs surge 6.9% as investors claim Berachain airdrop
PAIN presale gives back 80% of its funds ahead of launch
Telegram mandates TON Connect, restricting apps on TON blockchain
