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2024-06-27 22:07:41 VanEck files for spot Solana exchange-traded fund (ETF)

VanEck has filed plans with the US Securities and Exchange Commission to create a spot Solana exchange-traded fund (ETF). If approved, the VanEck Solana Trust will reflect the performance of the price of the blockchain network’s native SOL token. However, the filing stated that the Trust has no plans to stake the SOL tokens for staking rewards.

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2024-06-27 10:32:15 SEC could approve spot Ethereum ETFs by July 4: report

The Securities and Exchange Commission could approve applications for spot Ethereum ETFs as soon as July 4, according to Reuters, which cited anonymous sources. The SEC "could approve exchange traded funds tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters," according to the report published Wednesday.

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2024-06-26 19:37:27 Ripple CEO says SEC Chair Gary Gensler 'will cause Biden to lose the election'

Ripple CEO Brad Garlinghouse said Securities and Exchange Commission Chair Gary Gensler will cause Joe Biden to lose the U.S. presidential election in November. Commenting on the crypto industry at a Bloomberg Invest Summit in New York on Tuesday, Gensler said, "This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition.”.

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2024-06-26 08:31:34 Gensler mum on timing of spot Ethereum ETFs' launch, but says process is going 'smoothly'

The process of launching spot Ethereum exchange-traded funds is "going smoothly," U.S. Securities and Exchange Commission Chair Gary Gensler said on Tuesday. The SEC approved 19b-4 forms for eight Ethereum ETFs last month. Firms vying for those products still need their registration statements, called S-1s (or S-3, in the case of Grayscale, which is seeking to convert its Ethereum Trust to an ETF), to become effective before trading can begin.

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2024-06-25 18:52:24 German government sends further $24 million in bitcoin to Coinbase and Kraken: Arkham

German government-labeled addresses appeared to send another 400 ($24.34 million) to Coinbase and Kraken Tuesday morning, indicating a potential intention to sell the assets and following substantial transfers of its seized bitcoin last week, according to on-chain analytics provider Arkham. “They have also moved 500 BTC ($30.4 million) to address 139Po. We have yet to see where these funds are moved” Arkham posted on X.

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2024-06-25 08:01:33 Ether Traders Buy $4K Calls In Anticipation of Record High

Ethereum's native token ether (ETH), the second-largest cryptocurrency by market value, has dropped over 5% to $3,350 in one week, according to CoinDesk data. The decline follows speculation that ether ETFs could begin trading in the U.S. next month and is consistent with weakness in market leader bitcoin and other alternative cryptocurrencies. Still, according to Amberdata data, some traders have been buying large numbers of ether September expiry call options at the strike level of $4,000 on crypto exchange Deribit.

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2024-06-24 19:10:01 Bitcoin tumble below $63,000 last week was its second-worst weekly performance of 2024

Bitcoin faced a challenging period last week (June 17-23), marking one of its worst weeks of 2024. According to Glassnode, Bitcoin declined by 5.2% in week 25, making it the second worst-performing week of the year, just behind week 15’s 5.12% drop. The trend continued into week 26, with Bitcoin losing over 1% and dipping below the $63,000 mark.

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2024-06-24 10:36:40 Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

The cryptocurrency market is undergoing a healthy consolidation after a massive run-up from October to March – at least for those who invested in the two largest digital assets. While bitcoin (BTC) and Ethereum's ether (ETH) are only 15% below their yearly highs, several crypto majors like solana (SOL) and avalanche (AVAX) are down 40% to 50% from their March peaks, while layer-1 challengers sui (SUI) and aptos (APT) have cratered 60% to 70%.

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2024-06-23 21:47:58 Ripple CEO Hails Latest Court Ruling 'a Big Win' — Calls His Lawsuit Baseless Troll Attempt

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the lawsuit “was a clear example of the trolls that unsuccessfully tried to take advantage of the U.S. legal system and distort statements to seek 100’s of millions in class action settlements.”

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2024-06-22 22:32:36 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers

U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.

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