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Jinse Finance reported that despite opposition from the community, Bloomberg senior ETF analyst Eric Balchunas remains firm in his belief that Dogecoin lacks utility. On Wednesday, he reiterated this view on the X platform (formerly Twitter), questioning the actual use cases of Dogecoin. In response to the backlash over his previous comments that "Dogecoin has no utility," Balchunas challenged the dissatisfied Dogecoin (DOGE) community to explain what real-world application scenarios this "meme coin" actually has. For context, this Bloomberg ETF expert revealed on Tuesday that the first US ETF tracking Dogecoin (the largest meme coin by market capitalization) will be launched later this week. In addition, he stated in his announcement that this investment tool will become the first ETF to "intentionally hold an asset with no real utility."

Jinse Finance reported that in response to "Dragonfly partner Haseeb's claim that the USDH bid may have been tailored for Native Markets," Nansen CEO Alex Svanevik commented: This is absolutely factually incorrect. We co-operate the largest HL validator together with HypurrCollective; our team has invested significant effort in reviewing proposals and communicating with bidders to find the best alternative for HL. This week, I have been receiving private messages and calls from USDH bidders, and it has always been us proactively reaching out to them. We even encouraged those who were hesitant to move forward with their proposals to make the entire process more competitive. In addition, when asked about Nansen's voting intentions, he introduced Hypurr Co's hybrid governance decision-making method, in which the weight distribution among stakers, the community, and validators is 70:15:15.