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SOL ETF Could Get the Green Light - But on One Condition...

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Fri, Jun 28, 2024 11:05 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRoYR32P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWFtZ2VnczVuOWh3ZFcDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Yesterday was a bit rocky for crypto, but it wasn't without its exciting moments. Imagine watching a movie that couldn't decide if it wanted to be a drama or a thriller. One minute you're on the edge of your seat, the next you're confused at the absurdity of it all. First, VanEck surprised everyone by announcing that it filed for a Solana ETF in the US. This surprise move gave the whole market a little boost, with SOL jumping 8% in just a few hours. It's settled back down to $144 now. And then we have the AI tokens. While most of the market was taking a bit of a siesta this past week, a few AI tokens were living their best lives. FET, OCEAN, and AGIX were making gains, all thanks to the buzz around an upcoming AI token merger. But then Coinbase announced they're sitting this one out. Naturally, this news brought those token prices back down. So, let’s discuss these in detail and all the other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: TL;DR: - Spot Solana ETF has a good chance of approval, believes the Bloomberg analyst. But [what does](~/AAQRxQA~/RgRoYR32P0SZaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbmV3LXVzLXByZXNpZGVudC1zZWMtY291bGQtcGF2ZS13YXktZm9yLWFwcHJvdmFsLW9mLXNwb3Qtc29sYW5hLWV0Zi1ibG9vbWJlcmctZXRmLWFuYWx5c3Qtc2F5cz9saWQ9cWEyZXFzM2Uza2toVwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) he think can make Solana ETF a reality? 😳 - Zeta Markets' airdrop turns into a $30 million jackpot. But [who were](~/AAQRxQA~/RgRoYR32P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvemV0YS1tYXJrZXRzLWFpcmRyb3Atb3V0cGVyZm9ybXMtZXhwZWN0YXRpb25zLXN1cmdpbmctdG8tZG9sbGFyMzBtLWluLXZhbHVlP2xpZD05Nm43NjRmcmVuODRXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) eligible for this airdrop? 🤔 - Crypto losses hit $509 million in Q2 due to hacks and fraud. [Did hackers](~/AAQRxQA~/RgRoYR32P0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLWhhY2tzLWFuZC1mcmF1ZHMtc3VyZ2UtdG8tZG9sbGFyNTA5bS1xMi1pbW11bmVmaS1yZXBvcnRzP2xpZD1ydndmOGhyZnJ4MWZXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) have new avenues to exploit? What do users need to do to keep their funds safe? 🔐 - CleanSpark bets $155 million on Bitcoin mining through a merger with Griid Infrastructure. But [how is this](~/AAQRxQA~/RgRoYR32P0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1taW5lci1jbGVhbnNwYXJrLXRvLWFjcXVpcmUtZ3JpaWQtaW5mcmFzdHJ1Y3R1cmUtaW4tZG9sbGFyMTU1LW1pbGxpb24tZGVhbD9saWQ9bWE3OGYwOGd6eG04VwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) deal going to help the firm in the long run? 💰 - Coinbase opts out of the AI token merger. Does Coinbase [have no faith](~/AAQRxQA~/RgRoYR32P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2Utb3B0cy1vdXQtb2YtYXJ0aWZpY2lhbC1zdXBlcmludGVsbGlnZW5jZS1hbGxpYW5jZS1kb2xsYXI3NWItdG9rZW4tbWVyZ2VyP2xpZD03eWY1YmtyNXJ0ZDhXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) in this super AI merger? 😐 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.28T ▲1.05% (24h) 24H MARKET VOLUME $60.64B ▲6.31% (24h) BITCOIN’S DOMINANCE 53.05% ▼0.24% (24h) FEAR & GREED INDEX 46 Neutral [Bitcoin] Bitcoin $61,485.38 ▲0.68% (24h) [Ethereum] Ethereum $3,443.74 ▲1.48% (24h) [BNB] BNB $576.79 ▲0.82% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoYR32P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWt0YmJid2dwMXFyd1cDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoYR32P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9YWlwNnBmZzFncGIwVwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoYR32P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1wdTFrcGd3bGxhOHhXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoYR32P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPXJqd2xjcjN0Mmdwd1cDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 28 Jun 2024 11:00 UTC TOP GAINERS 24H% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRoYR32P0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲3449.87% [DOGO] [DOGO](~/AAQRxQA~/RgRoYR32P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲806.64% [Wegie] [Wegie](~/AAQRxQA~/RgRoYR32P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲689.41% TOP LOSERS 24H% [Maganomics On Solana] [Maganomics On Solana](~/AAQRxQA~/RgRoYR32P0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hZ2Fub21pY3Mtb24tc29sYW5hL1cDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼95.3% [Donald Trump Jr.] [Donald Trump Jr.](~/AAQRxQA~/RgRoYR32P0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvbmFsZC10cnVtcC1qci9XA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼90.91% [CATX] [CATX](~/AAQRxQA~/RgRoYR32P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼84.19%   Spot Solana ETF Has a Good Chance of Approval! 😳 You must have already heard VanEck filing for a spot Solana ETF with the SEC. But here's something interesting - Bloomberg's ETF analyst, Eric Balchunas, thinks it might be a bit too soon for a Solana ETF in the US. It's all about playing by the SEC's rulebook. Remember how Bitcoin and Ethereum had to get their futures ETFs approved before the spot ones? Solana hasn't even gotten to first base with a futures ETF yet. But Balchunas has an interesting theory. He thinks the key to unlocking spot Solana ETFs might be... a new president and a shake-up at the SEC. So who does he think can make Solana ETF a reality? [Read the full story](~/AAQRxQA~/RgRoYR32P0SZaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbmV3LXVzLXByZXNpZGVudC1zZWMtY291bGQtcGF2ZS13YXktZm9yLWFwcHJvdmFsLW9mLXNwb3Qtc29sYW5hLWV0Zi1ibG9vbWJlcmctZXRmLWFuYWx5c3Qtc2F5cz9saWQ9N214MHpjcDAzenRqVwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   Zeta Markets' Airdrop The Solana-based DEX just announced an airdrop of 100 million ZEX tokens - that's 10% of the total supply - raining down on their loyal users. The best part? These tokens hit the market at $0.13, a fact that was already turning heads. And then the price shot up, hitting $0.30 and turning this airdrop into a $30 million jackpot. But this airdrop is playing out like a two-act drama. Act One just wrapped up, with 80% of the tokens airdropped to early users. The sequel? That's coming soon, with the remaining 20% set aside for those who stake their ZEX tokens. But what’s the deal with Zeta Markets? What’s driving the hype behind it? [Read the full story](~/AAQRxQA~/RgRoYR32P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvemV0YS1tYXJrZXRzLWFpcmRyb3Atb3V0cGVyZm9ybXMtZXhwZWN0YXRpb25zLXN1cmdpbmctdG8tZG9sbGFyMzBtLWluLXZhbHVlP2xpZD11ZWtpZzl1b3N0eGlXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   CMC Data Becomes More Accurate: The New Dedicated ‘Rehypothecated (Wrapped/Restaked)’ Ranking Page Is Here! [CMC Data Becomes More Accurate](~/AAQRxQA~/RgRoYR32P0RZaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLWRhdGEtYmVjb21lcy1tb3JlLWFjY3VyYXRlP2xpZD1odHBqNjR2ZnN4bnhXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) The crypto landscape has evolved rapidly. Wrapped and restaked assets are a major part of this space, but they come with their own set of challenges. [Read More](~/AAQRxQA~/RgRoYR32P0RZaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY21jLWRhdGEtYmVjb21lcy1tb3JlLWFjY3VyYXRlP2xpZD0waHUweGZ3eWJpdGtXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Crypto's $509 Million Oopsie Looks like crypto just can't catch a break. Immunefi, the Web3 bug bounty platform, just released a report, and let's just say it's not exactly a bedtime story for crypto enthusiasts. The problem? Crypto lost $509 million to hacks and fraud in Q2 2024. That's a 91% jump from last year. May 2024 was particularly rough, setting a new record for monthly losses at $107 million. June gave us a bit of a breather, but "only" $78 million in losses isn't exactly cause for celebration. But how did that happen? Did hackers have new avenues to exploit? Do users need to take extra precautions to keep their funds safe? [Read the full story](~/AAQRxQA~/RgRoYR32P0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvLWhhY2tzLWFuZC1mcmF1ZHMtc3VyZ2UtdG8tZG9sbGFyNTA5bS1xMi1pbW11bmVmaS1yZXBvcnRzP2xpZD1hbnR1OXJzcWcyYnBXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   A $155 Million Bet on Bitcoin Mining Forgot about Bitcoin mining? It’s still in action! CleanSpark just announced a merger with Griid Infrastructure with a a $155 million deal. So, what's CleanSpark getting for their money? Well, they're getting 20 megawatts of Griid's power for starters. But how is this deal going to help the firm in the long run? [Read the full story](~/AAQRxQA~/RgRoYR32P0SNaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1taW5lci1jbGVhbnNwYXJrLXRvLWFjcXVpcmUtZ3JpaWQtaW5mcmFzdHJ1Y3R1cmUtaW4tZG9sbGFyMTU1LW1pbGxpb24tZGVhbD9saWQ9a2RweGQzNnozdHg2VwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   “AI Token Merger? No, Thank You” In its way, Coinbase just said "no thanks" to the AI token merger. The crypto exchange is stepping back from the Artificial Superintelligence Alliance's (ASI) $7.5 billion token migration. This merger is set to combine SingularityNet (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) into one super-smart giant. OCEAN tokens are diving into FET on July 1, and later this month, those FET tokens will evolve into ASI. But Coinbase has decided to sit this one out. They've made it crystal clear: "Coinbase will not execute the migration of these assets on behalf of users." But why? Does Coinbase have no faith in this super AI merger? And what about these token holders on Coinbase? [Read the full story](~/AAQRxQA~/RgRoYR32P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2Utb3B0cy1vdXQtb2YtYXJ0aWZpY2lhbC1zdXBlcmludGVsbGlnZW5jZS1hbGxpYW5jZS1kb2xsYXI3NWItdG9rZW4tbWVyZ2VyP2xpZD1kZmJqMHUxajh2MnRXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   And that’s a wrap. We will be back with more updates next week!   [Apple Store](~/AAQRxQA~/RgRoYR32P0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRoYR32P0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRoYR32P0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZn32mH5mDV8LRVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRoYR32P0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRoYR32P0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRoYR32P0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmZ99ph-Zg1fC0VSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRoYR32P0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmffaYfmYNXwtFUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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