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Brazil to Launch Spot ETF for Solana appeared first on The CryptoCurrency Exchange

Brazil's Securities Commission (CVM) has approved the world's first solana spot ETF offering. Cointelegraph Brazil reported on the morning of the 8th. The ETF will be marketed by Vortex and traded on the Brazilian Stock Exchange B3. The product will have a reference price of "CME CF Solana Dollar Reference Rate F". Developed by a partnership between the Chicago Mercantile Exchange (CME) and Crypto Facilities (CF), the index aims to provide a standardized and accurate quotation of the Solana price based on trading data from major cryptocurrency exchanges.

There are currently three Solana ETPs trading globally: 21Shares Solana ETP on the Swiss SIX exchange, CoinShares Physical Solana on the German exchange Deutsche Börse Xetra, and ETC Group Physical Solana. In the U.S., VanEck and 21Shares filed for a Solana spot ETF listing (S-1 registration) in June, but it is unlikely to be approved before the end of the y

“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.

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