21Shares and @3iQCorp apply for spot Solana ETFs this week, with Coinbase Custody Trust as custodian. Experts highlight Solana’s high throughput and low fees, signaling strong institutional interest. Approval could reshape market dynamics. #Update #Solana
“Paxos launches Lift Dollar ($USDL) in Argentina, offering a 5% yield and daily payouts. Fully collateralized by U.S. dollars and regulated by ADGM. Aimed at benefiting the unbanked. #Crypto #Update”
Spot Ethereum ETFs launched in the US on July 24, trading $1.11B on day one. BlackRock led with $266.5M inflows. Within 90 minutes, volume hit $361M. Ethereum derivatives open interest grew to $7.39B. #Ethereum #Update
Sunny Aggarwal (@sunnyaggro) discusses building Bitcoin’s application layer through @cosmos in @SlateCast episode. Osmosis governance voted Axelar ETH as the canonical ETH to address liquidity issues and enhance user experience. #DeFi #Update
“Kamala Harris’s 2024 election odds rise to 40% after outreach to $XRP, $COIN, and $USDC. Biden’s endorsement and crypto engagement reshape the race against Trump. #CryptoPolitics #Update”
Polkadot proposes reducing the minimum balance for $USDT and $USDC on its Asset Hub from $0.07 to $0.01 to boost stablecoin adoption. The move aims to make Polkadot more competitive in the stablecoin market. #Update
Justin Sun (@justinsuntron) offers to buy Germany’s $2.3B Bitcoin stash to reduce market impact. Some experts doubt the deal’s feasibility due to regulatory concerns. $BTC has dropped 20% in the last 30 days. #Update #Bitcoin
“Binance Labs invests in liquid staking protocol aPriori, leveraging MEV on the Monad blockchain. The $10M funding aims to boost security, optimize performance, and drive blockchain innovation. #Blockchain $BNB #Update”
Riot Platforms (@RiotPlatforms) reports an $84.4M net loss for Q2 2024 due to Bitcoin halving, impacting production by 52%. Despite $70M in revenue, operational costs rose sharply. Stock fell 13.6% this week, trading at $10.19. #Update
? $XRP jumps 9% to $0.65 as optimism grows for a Ripple-SEC lawsuit settlement. Recent SEC amendments and increased whale activity propel XRP to the 6th spot in market cap, surpassing $USDC. #Crypto #Update ?
Source: coingape.com
VanEck’s Matthew Sigel says their Solana spot ETF hinges on a Trump victory in 2024. Without a futures market for Solana on CME, surveillance sharing agreements with spot crypto exchanges could be key. #Crypto #Update
Tether CEO Paolo Ardoino announced a new class of digital assets, part of a $1B strategy to reduce reliance on tech giants. Tether’s Q1 profits hit $4B, with USDT holding 70% market share. #Update @Tether_to
VeChain’s CFO Jay Zhang has resigned after the theft of 1.1B VET tokens ($6.5M). VeChain froze 727M tokens and will vote on burning the stolen tokens, highlighting their commitment to security and community engagement. #CryptoNews #VeChain
David Tse, CEO of Babylon Chain, reveals plans to boost Bitcoin’s utility through staking, allowing holders to earn yield without bridging. He emphasizes Bitcoin’s role as a global timestamping server and the importance of blockchain education. #Bitcoin #Update
