BlackRock’s Samara Cohen explains the firm’s cautious stance on a Solana ETF despite market enthusiasm. Only $BTC and $ETH meet their ETF criteria due to strong infrastructure and regulatory support. Solana lacks CME futures and institutional backing. #Update
DeFi Technologies, led by CEO Olivier Roussy Newton, boosts its Bitcoin holdings to 204.34 BTC and adds 12,775 SOL to its treasury. Staking over $100M in BTC led to a 200% share increase YTD. #Update #CryptoNews $SOL $BTC
Solana ($SOL) surpassed Ethereum ($ETH) in DEX trading volume for the first time in July, hitting $55.8B vs. Ethereum’s $53.8B. This shift was fueled by memecoins and celebrity token launches on Solana. #Update
VanEck pushes forward with a $SOL ETF, potentially outpacing BlackRock’s hesitant approach. Matthew Sigel believes the US market is ripe for diverse crypto ETFs, driven by recent SEC amendments. Regulatory developments remain key. #Update
VanEck’s Matthew Sigel hints Solana ETFs may debut on Wall Street soon, contrasting BlackRock’s caution. Analysts predict Solana’s price could hit $200 by year-end, but US elections might delay approvals. #Crypto #ETFs #Update
The SEC amended its complaint against Binance, removing Solana (SOL) and 10 other crypto assets from securities classification, sparking debate. Experts view this as a litigation tactic, leaving Solana’s legal status uncertain and impacting potential ETF launches.
BlackRock’s Samara Cohen says Bitcoin and Ethereum are the only cryptos meeting ETF criteria. Ethereum ETFs launched July 23, 2024, boosting trading volumes to $14.8B. Solana’s lack of CME futures complicates its ETF approval.
Pepe Unchained (PEPU) raised $6M in presale, becoming the first Pepe-themed memecoin on Ethereum’s layer 2. Analysts predict it could 100x with market growth, making it a secure long-term investment. Current price: $0.0087693.
Bitcoin remains dominant, but Avalanche, Solana, and Rollblock show major profit potential. Rollblock predicts up to 100x returns in 2024, making it a top investment choice. Stay tuned for crypto market updates and opportunities.
The SEC is amending its lawsuit against Binance to avoid classifying tokens like Solana (SOL) and Cardano (ADA) as securities. This move follows a court ruling that secondary sales of BNB are not securities. Binance calls the SEC’s request premature. #CryptoRegulation
HashKey Global has launched perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering up to 10x leverage and a capped funding rate. The platform also gained regulatory approval for Bitcoin and Ethereum futures trading from the Bermuda Monetary Authority.
The U.S. SEC amended its complaint against Binance, Binance.US, and Changpeng Zhao, stating no need to rule on third-party crypto asset securities like Solana, Cardano, and Polygon at this time. This follows a court order that BNB and BUSD secondary sales are not securities.
BlackRock CIO Samara Cohen revealed that the firm has no plans for a Solana ETF or any other crypto ETF soon, stating only Bitcoin and Ethereum meet their criteria. Major fund houses might include crypto ETFs in model portfolios by late 2024. BlackRock recently launched an Ethereum ETF, ETHA, driving significant inflows.
Solana (SOL) surged to $193, its highest since April, amid rising investor confidence. Futures open interest hit $3.25B, the highest since April, and ecosystem fees jumped to $2.13M with 1.22M active addresses. Key events like potential ETF submissions may impact prices further.
