Understanding the Implications of an SEC No Action Letter for Solana DePIN Token DoubleZero
Simply put The SEC has given a “no action” letter to the Solana-based project, DoubleZero. The regulator indicated that the 2Z tokens do not resemble securities. The token is set to launch on Friday with the Mainnet release. The U.S. Securities and Exchange Commission (SEC) issued a “No Action” letter to DoubleZero on Monday, which […]
Eric Balchunas States Solana ETF Approval is Now Inevitable
Simply put The SEC’s new general listing standards have altered the approval process, making the previous 19B-4 review timelines less relevant, now focusing on S-1 registrations. Bloomberg analyst Eric Balknas noted that Solana has filed its fourth amendment for the S-1, hinting that approval might be on the horizon. While the Solana ETF could lead […]
Crypto funds experience $812M losses, yet Solana shows gains.
Last week, cryptocurrency investment products couldn’t maintain their inflow streak, largely due to falling spot prices. Global Crypto Exchange-Traded Products (ETP) saw an outflow of $812 million, putting an end to two weeks of positive inflow, as reported on Monday. The management of total assets under management (AUM) dropped from a peak of $241 billion […]
Solana Developers Are Thinkng About Lifting Block Limits After Alpenglow Upgrade
Simply put If approved, the Solana block will be dynamically expandable, rather than being capped. Validators with powerful machines can discard oversized blocks through skip boats. Supporters are seeing increased throughput, while critics warn of risks associated with centralization. The developers behind Solana are weighing a new proposal that aims to remove restrictions on block […]
Solana Co-Founder Believes There Is a ’50/50′ Chance Quantum Computing Will Disrupt Bitcoin by 2030 and Urges Rapid Response
Co-Founder of Solana Warns about Quantum Computing Threats to Bitcoin Anatoly Yakovenko, one of the co-founders of Solana, has expressed concerns regarding the potential risks that quantum computing may pose to Bitcoin, suggesting the issue could be more pressing than widely believed. He mentioned, “It feels like 50/50 within five years, but there will be […]
Solana Traders Are Growing Doubtful As Price Threatens to Drop Below $200
Solana Struggles Amid Market Downturn Solana is facing significant challenges, continuing its descent with a 15% drop over the past week. This weekend shows no signs of relief, which is concerning. On-chain metrics indicate a reduction in activity among futures market participants, coupled with an increasing positioning of short-term holders. This combination suggests that further […]
Multiple Solana staking ETFs could receive US approval in the next two weeks, according to an analyst.
Potential Approval for Solana ETFs There’s a chance that a number of staking-related applications for Solana Exchange-Traded Funds (ETFs) could gain approval in the U.S. by mid-October, as per insights from ETF analyst Nate Geraci. Geraci expressed optimism in a post on X, stating, “It is approved to speculate on these [within the] next two […]
XRP and Solana Included in Significant U.S. Crypto ETF as SEC Removes Restrictions
Approval for Multi-Asset Crypto ETF On September 17th, Grayscale obtained approval for its inaugural Multi-Asset Crypto ETF in the U.S., which includes holdings in Bitcoin, Ethereum, XRP, Solana, and ADA. Meanwhile, asset manager HashDex is working to expand its Crypto Index US Exchange-Traded Fund to comply with the Securities and Trade Commission’s generic listing standards. […]
Solana Coin Surges After JD Vance Shares Meme
Simply put JD Vance shared heavily edited images on X, causing the Solana Meme Coin to spike 65% within an hour. The tokens, along with more memes, emerged after the US Vice President remarked to Ukrainian President Zelensky that he needed to express gratitude to America for its support against Russia. His repost of the […]
Morgan Stanley to Allow Trading of Bitcoin, Ethereum, and Solana Through E*Trade
Simply put Morgan Stanley is set to launch crypto trading on its E*Trade platform early next year. The bank is collaborating with Zerohash, a Crypto and Stablecoin Infrastructure provider. Initially, investors will be able to trade Bitcoin, Ethereum, and Solana. Morgan Stanley, in partnership with Zerohash, is working to allow customers on its E*Trade Online […]