SEC delays decisions on crypto ETFs for Truth Social, Solana, and XRP.
The Securities and Exchange Commission (SEC) has postponed its decisions on three prominent Cryptocurrency Exchange Transaction Funds (ETFs), pushing the screening deadline to October. According to a notice filed on August 18th, the new decision dates have been set for October 8th for NYSE Arca’s Truth Social Bitcoin and Ethereum ETFs, October 16th for 21Shares’ […]
Solana reaches 100K TPS milestone following surge in stress test transactions
Solana Sultput Experiences Brief Surge in Transactions Developers have reported that Solana Sultput saw a spike, briefly hitting six figures in transactions over the weekend, largely due to advanced program call transactions. Mert Mumtaz, co-founder of the Solana developer touring company Helius, noted on Sunday that Solana achieved a significant milestone by becoming the “first […]
SEC Postpones Solana ETF Decision to October Amid Rising Market Optimism
The Solana Exchange-Traded Funds (ETFs) in the US are experiencing a new round of excitement as mainstream interest grows. Recently, the Securities and Exchange Commission (SEC) has put discussions about the potential approval of Sol ETF on hold, extending the timeline for a decision until October 16th. Simply put The SEC will delay reviews of […]
SEC Delays Decision Deadlines for Solana ETFs by Two Months
Simply put The federal agency has utilized the recent 60-day extension and has set October 16th as the final decision date for the Solana ETF proposal. Market observers are considering how the SEC’s decisions could influence the outlook for other Altcoin-related ETFs, approaching Solana’s price movement with caution. BlackRock has indicated it does not plan […]
Pump.fun Returns to Dominance as Solana Meme Coins Rise: Here’s the Reason
Simply put Pump.Fun has made a comeback to Solana’s leading token launchpad after Letsbonk dominated for a month. This change follows the establishment of the full Glass Foundation and noticeable shifts in social media strategies. On that day, Pump.Fun tokens surged 8%, with Fartcoin climbing 15% as well. Pump.fun tokens increased by 8% on Wednesday. […]
Expert Predicts BlackRock May File For Spot XRP And Solana ETFs Before October Deadline
The president of Novadius Wealth Management recently discussed significant updates in the Crypto ETF landscape, suggesting that BlackRock may soon submit applications for Spot XRP and Solana ETFs—possibly as soon as October. On a recent podcast, Gelach pointed out that the SEC’s recent approval of mechanisms for creating and redeeming Crypto ETFs marks an important […]
Unfortunate Trader Loses $36 Million on Solana Meme Coin
Simply put Leland King Fawcette claims he missed out on over $36 million due to a misstep with trade in meme coins. He bought a Solana Token valued at $1,300 in August 2024 but quickly sold it when it didn’t increase in value. When he sold, the market cap of Troll was only $9,360, but […]
Solana starts delivering Seeker mobile device to more than 50 countries
Solana Mobile started shipping its second-generation mobile devices on Monday, making them available in over 50 countries. After gathering more than 150,000 pre-orders, the Seeker phone boasts improved technology, mobile-native crypto wallets, and an app store designed to circumvent the “cryptophobia censorship” often found in traditional app markets. Emmett Hollyer, the general manager of Solana […]
Reasons Solana Might Surge: Several Asset Managers Submit Updated ETF Applications to SEC
Solana Attracts Institutional Interest with ETF Filings Solana (SOL) is gaining traction among institutional investors as major asset managers—like Franklin Templeton, Grayscale, Vaneck, and Fidelity—have made updates to their Solana ETF filings with the U.S. Securities and Exchange Commission (SEC). Interestingly, the news caused a brief dip in token prices, but looking at the bigger […]
SEC Postpones Decision on Bitcoin ETFs Related to Trump and Grayscale Solana
Simply put The SEC has delayed its decision on the approval of the Truth Social Bitcoin ETF and the Grayscale Solana ETF, according to recent filings. New deadlines for these ETFs have been set for September 18th and October 10th, respectively. In recent months, the SEC has postponed decisions on several crypto-based ETF applications, despite […]