news

VanEck-21Shares Files 19b-4s for Solana Spot ETF

VanEck and 21Shares have filed a 19b-4s application for a Solana (SOL) spot ETF, according to a WatchGuru X account. The U.S. Securities and Exchange Commission (SEC) has 240 days to decide whether to approve the application. "Following the launch of the Bitcoin Spot ETF and securing SEC approval of the rules for the Ethereum (ETH) Spot ETF, we are seeing increased investor interest in SOL," said Rob Marrocco, Head of Listings at CBOE. Eric Balchunas, Bloomberg ETF analyst, said: "We expect the final closing date for the Solana ETF to be mid-March 2025. But the more important date is November, when the U.S. presidential election takes place. If Biden wins, it will likely be DOA (dead on arrival). If Trump wins, anything is possible."

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

Read next