BlackRock’s recent announcement regarding the lack of immediate plans to launch a Solana (SOL) ETF comes as no surprise, considering the company’s focus on Bitcoin and Ethereum spot ETFs. While Bitcoin and Ethereum have seen significant success in the ETF space, smaller altcoins like Solana may not meet BlackRock’s criteria for investability at this time.
Crypto
The US Securities and Exchange Commission (SEC) has recently announced its plan to amend its original complaint against Binance, a major player in the cryptocurrency market. This move by the SEC could potentially eliminate the need for a court ruling on tokens previously classified as securities. The joint filing, made on July 30th, signals a
Recently, the cryptocurrency market experienced a significant plunge, with the US government moving $2 billion worth of its bitcoin holdings to another address, possibly in preparation for a sale. This news had a ripple effect on various digital assets, including the popular meme coin Shiba Inu, which saw a 3% decrease in price. Despite the
XRP, the native token of Ripple, has been showing signs of a potential large price movement. One indicator that is causing speculation among traders is the tight Bollinger Bands. These bands, which measure market volatility and potential price movements, have squeezed tighter than ever before. This suggests that XRP has experienced low volatility for a
Bitcoin recently approached its all-time high but faced rejection, highlighting the various factors influencing the flagship cryptocurrency’s price surge. One key factor is the surpassing of the average realized price for short-term investors after crossing $63,500. This indicates renewed market strength and confidence among investors. Additionally, the market capitalizations of stablecoins like USDT and USDC
Solana (SOL) has recently made headlines in the cryptocurrency world as it climbed to become the fourth-largest cryptocurrency by market capitalization. With significant price gains, SOL’s market cap now stands at almost $90 billion, marking a level not seen since the beginning of April. Surpassing Binance Coin (BNB), SOL has positioned itself as a strong
In less than a year since its official launch, Shibarium, the layer-2 blockchain solution for Shiba Inu, has achieved an impressive milestone of processing over 6 million blocks. This recent achievement signifies a significant resurgence in activity within the network, with various metrics showing positive growth trends. Active accounts on Shibarium spiked from 253 to
The recent proposal by Republican Senator Lummis to create a strategic Bitcoin reserve for the United States has sparked debate and controversy. While the idea of diversifying into Bitcoin may seem innovative, it raises several concerns and challenges that need to be addressed. On one hand, establishing a Bitcoin reserve could potentially fortify the dollar’s
Wong Ching-kit, a native of Hong Kong, has recently captured the attention of the International Criminal Police Organization (Interpol) due to his alleged involvement in a series of criminal activities. Popularly known as the “Coin Young Master,” Wong Ching-kit has a tumultuous history marred by brushes with the law. Despite being named Kwan Tsz-kit at
Meme coins have been gaining popularity in the cryptocurrency market, with traders witnessing massive gains within a short period of time. One such example is the Pepe (PEPE) token, which saw an 800% increase in valuation over the past year. However, it is important to note that investing in these volatile assets can be risky