SEC Reviews Grayscale’s Solana ETF Filing, Indicating Possible Shift in Crypto Regulation
The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing for a Solana-based exchange-traded fund (ETF). It is the first time the agency has engaged with an ETF proposal tracking a cryptocurrency that was once considered a security. ‘A…
Cease-and-Desist Letter Issued to PumpFun Over Unauthorized Token Use
Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana…
‘Where Are My Coins?’ – Coinbase Users Fume Over Solana Withdrawal Issues
Crypto social media has been flooded by enraged Coinbase users who cannot withdraw their Solana (SOL) tokens, sparking rumors of insolvency. “What’s the drama with Coinbase and Solana?” crypto YouTuber ‘Wendy O’ asked her 412,000 followers on X on Jan….
‘Buy Crypto’ and ‘Buy Solana’ Google Searches Skyrocket After Trump Meme Coin Release
Search volumes for the terms “buy crypto” and “buy Solana” have reached their highest scores on Google Trends. The surge in interest aligns with the launch of the Official Trump (TRUMP) meme coin over the weekend ahead of the president’s…
A Potential Game-Changer for Solana (SOL)
TL;DR The SEC’s pending decision on Grayscale’s Solana ETF, due today, could have a major impact on the underlying token. The Chicago Mercantile Exchange’s plan to launch SOL and XRP futures on February 10 has already influenced the performance of…
Solana Stablecoin Market Cap Surpasses $10B Milestone
Solana, the second-largest blockchain by Total Value Locked (TVL), has seen its ecosystem grow exponentially, driven by a rapid increase in the market value of its stablecoins. Data from the decentralized finance (DeFi) analytics platform DefiLlama shows that the network’s…
Ethereum Leads Blockchain Fee Revenue in 2024 with $2.48 Billion in Gas Fees
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains…
Trump’s Executive Orders Spark $1.9B Weekly Investments in Crypto: CoinShares
Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments. Despite flat price movements, trading volumes reached $25 billion, making…
Solana to Rip? Elon Musk Reportedly Planning a Blockchain Revolution for US Government
Musk has begun to discuss using blockchain technology to streamline the government’s IT systems and cut unnecessary costs, according to recent reports. To wit, Musk is the new president’s official advisor on matters pertaining to government efficiency. President Donald Trump…
CBOE Restarts US Solana ETF Race With Filings for 4 Asset Managers
The options and derivatives exchange CBOE has filed applications seeking the launch of Solana exchange-traded funds (ETFs) for four leading asset managers in the United States. This development has once again restarted the race for the first SOL exchange-traded fund…
