Solana rose by 11% from $135 to $150 after VanEck filed a Solana Spot ETF application yesterday.
Based on the filing, VanEck wants to launch the VanEck Solana Trust, which will store the token directly.
Solana is currently the 5th largest cryptocurrency by market capitalization and its token is up more than 900% in 2023.
According to crypto market maker GSR, Solana is poised to become the next major cryptocurrency to accept spot ETFs, after Bitcoin and Ethereum, due to its powerful technology and high demand, which has the potential to lead to significant price increases.
Coinbase has filed a lawsuit against the SEC and FDIC for not complying with Freedom of Information Act (FOIA) requests, accusing them of trying to cut off the crypto industry from banking.
Binance has received a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority Dubai (VARA) for its local exchange, Binance FZE.
All users who are residents of the United Arab Emirates will be contacted via email to update their KYC information by December 15, 2024.
FTX customers will soon opt for a multi-billion US dollar payment plan to compensate the victims of the exchange's collapse. Source: www.bloomberg.com/news/articles/2024-06-25/ftx-customers-to-vote-on-multi-billion-dollar-repayment-plan
Bybit has surpassed Coinbase to become the second-largest crypto exchange in the world by trading volume.
Bybit's market share increased from 8% to 16% and this was partly due to Binance's regulatory issues in the past, which caused Binance's dominance to drop from 60% to 54%.
Bybit's fee-free trading for the USDC stablecoin, which was introduced in February 2023, is also likely to contribute to the increase in trading volume.
Source: marketing.kaiko.com/bitcoins-dwindling-volatility-signals-maturity
Bitcoin ETFs experienced null.3 billion outflows over the past two weeks, with Grayscale leading the way with $517 million.
BlackRock is the only fund with a positive value, showing an inflow of $43 million.
Bored Ape Yacht Club (BAYC) NFTs have dropped 90% from their peak, now trading below 10 ETH ($33,000), returning to their pre-NFT boom prices.
BAYC derivatives and the broader NFT market have also seen significant declines, although some collections such as Milady Maker remain strong. Source: www.dlnews.com/articles/web3/bored-ape-yacht-club-nft-floor-is-less-than-10-eth/?utm_source=telegram&utm_medium=organic_social&utm_campaign=
