VanEck seeks approval for Solana ETF, the ETH supply rises 73 days in a row, and Satoshi-era wallet moves Bitcoin.
exchange-traded fund with the U.S. Securities and Exchange Commission, marking the first such filing on Wall Street. The VanEck Solana Trust aims to reflect the performance of the SOL token, excluding operational expenses.
If approved, the ETF will be listed on the Cboe BZX Exchange. VanEck’s head of digital assets research, Matthew Sigel, cited Solana’s decentralized nature in a social media post, comparing SOL to other digital commodities like Bitcoin and Ether., with over 112,000 ETH added since mid-April. This is the longest inflationary streak since the Merge in 2022. The recent Dencun upgrade, which aimed to reduce transaction costs on Ethereum’s layer-2 networks, also significantly reduced the amount of ETH burned on the mainnet. Despite this inflationary period, Ether’s overall supply has decreased by 345,000 ETH since the Merge.has transferred 50 BTC to Binance . The wallet, linked to a miner who earned the Bitcoin as a reward when BTC was worth $0.05, has now seen its value rise to millions. The movement of crypto to centralized exchanges is often seen as a bearish sign, as most of the time, the use of centralized exchanges is linked with selling assets.new regulations that would require payment tokens to be backed by UAE dirhams and prohibit using cryptocurrencies for goods and services payments. These rules could effectively ban crypto payments within the country, blockchain lawyer Irina Heaver warned, adding that such regulations may signal a shift toward a less favorable stance on crypto.of bullish remarks and euphoria surrounding Bitcoin’s price, which could indicate a potential market bottom. Data from crypto analytics firm Santiment shows that bullish Bitcoin remarks across social media platforms such as X, Reddit, Telegram, 4chan and BitcoinTalk have dropped significantly over the past few weeks.“Our great concern right now when talking about the open web is that if we don’t have a credible, irrevocably open environment for AI development, then the open web may never come to fruition.” “Financial regulators have used multiple tools at their disposal to try to cripple the digital-asset industry. This is no way to regulate.”“We have a set of rules that are pretty clear. There’s nothing inconsistent about crypto securities and the securities laws.”“We are going into this automated world where AI is going to create enormous amounts of wealth, and Bitcoin is going to protect that wealth.”perfect conditions for a fresh BTC price breakout, two classic indicators suggest. In a recent analysis on X, popular pseudonymous trader Roman revealed a bullish continuation case in the making for BTC/USD. Flagging the relative strength index and Bollinger Bands on the weekly chart, he foresaw a squeeze higher as the next logical step for BTC price action. “We are now forming a 3rd bullish divergence between Price and RSI while many are capitulating & calling for lower,” he wrote on June 21. “Bollinger Bands are also squeezing tighter – creating that volatility to send without returning.” In a subsequent post, Roman suggested that the target of such an upside move could be well into new all-time high territory. “You all should be paying attention to this 1W close,” he told X subscribers. “We are forming more bullish continuation indications on HTF. Once volatility is built we can finally full send to 90k+.”for information leading to the arrest and conviction of OneCoin founder Ruja Ignatova to $5 million. Ignatova, known as the “Cryptoqueen,” was last seen in Athens in 2017 and is wanted for fraud and money laundering. Despite being added to the FBI’s most-wanted list and previous smaller rewards being offered for information pertaining to her whereabouts, she remains at large.from someone claiming to be from Google. The caller tricked Cuban into revealing personal information, leading to the compromise of his email. Cuban warned his followers on social media about the hack. The billionaire lost $870,000 from his crypto wallet in a previous hack., with the exploiters using the breach to promote a Solana token with the ticker METAL. The scam, promising free crypto tokens, targeted Metallica fans by sharing malicious links. The hack happened while the band is currently out on a world tour promoting their 2023 album,is a big fan of building games in public. Meanwhile gaming marketing guru Sam Saliba argues that crypto rewards aren’t essential to blockchain gaming.Tyler Warner convinced himself he was a rock star trader in the bull market but failed to hold on to his gains: NFT Collector.Crypto VCs reveal why last cycle’s games sucked, Mega Cricket League review, plus $656K up for grabs in crypto game Shark Tank: Web3 Gamer.
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VanEck Files for Solana ETF, SOL Rises 8%Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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