21Shares takes VanEck’s lead in pursuit of Spot Solana ETF. Once the application is completed, Solana inflow is expected to surge. Solana (SOL)’s market performance over the past few years has recently caught the attention of many Wall Street institutions, so it’s no surprise that some of them are very excited about the idea of a physical Solana ETF. 21Stock Movement Seeking to capitalize on the growing interest in SOL, Swiss asset management firm 21Shares has filed to list its Solana ETF in the U.S. The filing closely follows a similar filing by rival VanEck. 21Shares’ application depends on the…
Author: Crypto Flexs
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The a16z crypto team has curated a list of recommended summer 2024 books, featuring a variety of genres, from fantasy and seafaring adventures to deep dives into economic theory and the complexities of modern finance. According to a16z crypto, the list aims to cater to a variety of tastes, ensuring that every reader will find something of interest. Fantasy and novel recommendations Recommended by Brittney Burrows of the Events Team. Babel RF Kuang’s work is described as a beautiful mix of fantasy and heartbreak. She also highlights the following points: memory of light The last…
Investment company 21Shares Submitted Form S-1 with the U.S. Securities and Exchange Commission Solana brush -1.25% – Exchange-traded fund, a day after rival VanEck submitted Similar submissions.This is the second SOL ETF filing in the U.S. in as many days, following VanEck’s June 27 filing. open the floodgates Offered to competitors looking to launch Solana-based funds.“21Shares is excited about the potential of a U.S.-based ETF that would provide access to the Solana ecosystem. We believe this is a necessary step for the crypto industry and aligns with our mission to bring easily accessible financial products centered around crypto to the…
Kazakhstan’s Financial Services and Regulation Authority (AFSA) has approved Toncoin (TON) for trading on regulated exchanges, following an audit finding that the digital asset meets the financial regulator’s listing criteria.Toncoin now joins the list of 107 cryptocurrencies approved by the Kazakh government, including but not limited to TRON (TRX), Polygon (MATIC), Aptos (APT), Stellar (XLM), Avalanche (AVAX), and digital assets such as Bitcoin (BTC) and Ethereum (ETH).Open Network’s gaming ecosystem and developing countriesThe open network and its underlying asset, TON, are emerging as a popular choice for value transfer in developing countries. The open network leverages Telegram’s user base of…
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against MetaMask’s parent company, Consensys. Consensys claims to be operating as an unregistered broker and engaging in unregistered securities trading. The SEC alleges that Consensys collected more than $250 million in fees through its conduct as an unregistered broker. The lawsuit highlights the regulatory challenges facing companies operating in the cryptocurrency industry and the importance of complying with federal securities laws. Background on Consensys and MetaMask Consensys is a blockchain software company founded by Joseph Lubin, one of the co-founders of Ethereum. It offers…
Company • June 28, 2024 2:03 PM EDT Posted 1 minute ago In ~ Updated: June 28, 2024 2:11 PM EDT Cryptocurrency exchange giant Coinbase is looking to add futures related to popular altcoins to its derivatives exchange.Coinbase has filed five new filings with the Commodity Futures Trading Commission for futures products involving DOT, SHIB, XLM, AVAX and LINK, according to the company’s website. The exchange scheduled the trading date for the product on or after July 15.“With the addition of AVA, LNK, DOT, XLM, and SHB, participants and customers will have more access points to manage risk, speculate on…
Nostra CEO resigned. This development comes less than two weeks after the launch of the project’s token. Some users questioned the timing of the CEO’s departure. David Garay resigned as CEO of Nostra on Friday, just two weeks after the Starknet-based decentralized finance (DeFi) project launched its utility token, NSTR.Garai founded Nostra as a cryptocurrency “dinner app” where users can buy, sell, stake, lend, and borrow digital assets in one place. According to Garai, Nostra has become one of the most profitable protocols on Starknet, with $2.5 million in annual revenue and $180 million in TVL (total value locked).David Garai…
According to the official EigenLayer blog, EigenLayer Research has announced a request for proposals for Uniswap (UNI) v4 Hooks. This initiative aims to engage with innovative builders in the decentralized finance (DeFi) ecosystem and invite them to contribute their insights and expertise to the development of Uniswap v4. Background and Purpose Uniswap, a leading decentralized exchange (DEX) protocol, has been a cornerstone of the DeFi landscape. The upcoming version, Uniswap v4, introduces a new feature called Hooks. These hooks are designed to provide more flexibility and control over trading strategies, liquidity provision, and other key…
Funding • June 29, 2024 4:14 AM EDT Posted 1 minute ago In ~ The U.S. Securities and Exchange Commission has returned Form S-1 to prospective examiners. Ethereum Ethereum -1.27% ETF issuers had several discussions before it went into effect.According to one publisher’s source, the form was returned with mild comments. Publishers were asked to process the comments and resubmit by July 8.The source noted that if the form is resubmitted, it will not be a final filing, meaning the ETF will need at least one more filing before it can finally begin trading.They say, “The winding road never stops.”Process…
The proof-of-work layer 1 altcoin has overcome the cryptocurrency market downturn and surged 25% this week ahead of the upcoming protocol launch. Kaspa (KAS), which advertises itself as “the world’s fastest, open source, decentralized and fully scalable Layer 1,” is trading at $0.18 at the time of writing, up from $0.144 seven days ago. The 27th largest cryptocurrency asset by market capitalization also rose more than 6.5% in the past 24 hours. As Kasplex, the protocol for the Kaspa ecosystem, moves closer to open beta, which begins on June 30, KAS’ gains are taking shape. The Kasplex protocol plans to…