Grayscale Investments, a leading digital asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its existing Solana Trust into the physical Solana Exchange Traded Fund (ETF).The proposed ETF, which trades under the ticker GSOL, provides investors with direct exposure to Solana (SOL) without the need to hold the cryptocurrency itself. If approved, it will be listed on the New York Stock Exchange.Grayscale, a leader in Solana investmentAccording to the filing, GSOL aims to directly track the price of SOL, similar to Grayscale’s existing Bitcoin and Ethereum trust structures. Coinbase Custody serves as custodian for the…
Author: Crypto Flexs
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Healthtech Startup Pulse Raises $400,000 in 3 Minutes on Echo Investment Platform – Chainwire housenewsroomHealthtech Startup Pulse Raises $400,000 in 3 Minutes on Echo Investment Platform We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over…
Caroline Bishop December 4, 2024 21:37 Devcon SEA 2024 in Bangkok highlighted Ethereum’s advancements in fostering community collaboration with a focus on real-world applications, scalability, and second-generation cryptography. Devcon SEA 2024, held in Bangkok, Thailand, marked an important milestone for the Ethereum (ETH) community, demonstrating the blockchain’s rapid development and future potential. According to the Ethereum official blog, this event, which had double the attendance compared to Devcon VI, highlighted the growth and dynamism of the Ethereum ecosystem. Looking back on Ethereum’s journey Since Devcon VI, held in Bogota, Colombia in 2022, Ethereum has…
A widely respected cryptocurrency analyst says three major altcoins, including Ethereum (ETH), are likely to surge. In a new strategy session, anonymous cryptocurrency trader Rekt Capital told his 519,200 followers on social media platform said. “The erratic retest is going perfectly. In fact, a retest of the trend line could lead to a challenge for $4,000 (red), with new support maintaining continued stability in the $3,650 area.” Source: Rekt Capital/X Ethereum is trading at $3,790 at the time of writing, up 6% in the last 24 hours. Rekt Capital takes a look at Ethereum rival Avalanche (AVAX), saying the altcoin…
Peter Jang December 4, 2024 19:30 AI is transforming climate modeling by accelerating the process and improving accuracy, as showcased at NVIDIA GTC 2024. Innovations like the AI2 climate emulator have proven essential for efficient climate prediction. Artificial intelligence (AI) is making great strides in climate modeling, providing increased speed and accuracy. In a session at NVIDIA GTC 2024, Christopher Bretherton, Senior Director of Climate Modeling at the Allen Institute for AI (AI2), detailed how AI is reshaping climate science. Bretherton emphasized the pivotal role of machine learning-based emulators in predicting regional climate change…
Bitcoin Cash rose 71% in 30 days, nearly doubling its market capitalization to $11.3 billion. BCH open interest also reached its highest level in seven months, suggesting high demand for BCH futures. Bitcoin Cash (BCH) rose 71% in one month, trading at $574, a multi-month high at press time. Market capitalization also increased from $6.6 billion to $11.3 billion, and the rally reflects broader gains across altcoin markets. Bitcoin Cash’s rally is gaining momentum as the token moves within an ascending parallel channel, indicating a continuation of the bullish trend. As of press time, BCH is testing resistance at the…
Dogecoin (DOGE) price has shown resilience over the past two weeks, consolidating a range between $0.34 and $0.46 since November 12th. Memecoin remains the 6th most traded asset by 24-hour volume (excluding USDT), maintaining overall market interest. Dogecoin 1 day chart. Source: Cointelegraph/TradingViewWith DOGE technology trending more favorably on the charts, several analysts predicted that the original meme token was approaching a breakthrough. DOGE transactions in the $100,000 to $1 million range surgeDOGE prices have been flat for the past two weeks, but over the past few days there has been a gradual increase in whale trading above $100,000 and…
President-elect Donald Trump on Wednesday nominated Paul Atkins, founder and CEO of Patomak Global Partners, as chairman of the U.S. Securities and Exchange Commission.Atkins, co-chair of the Digital Chamber’s Token Alliance and an advisor to the Reserve, previously served as a member of the agency under former President George W. Bush from 2002 to 2008. The former regulator visited President Trump’s Florida resort, Mar-a-Lago, earlier this week but was initially reluctant to take on the role, CoinDesk reported Tuesday.In his announcement, President Trump called Atkins a “proven leader.” “He believes in the promise of strong, innovative capital markets that respond…
Memecoin has experienced a huge upswing in the past year, with many tokens entering the new cycle, such as Pepe (PEPE), Dogwifhat (WIF), and Popcat (POPCAT), posting returns of over 30,000% since inception. Many memecoin advocates expected a new wave of retail investors to emerge and immediately start bidding memecoin to absurd new highs. So far, they appear to be more interested in what cryptocurrency natives colloquially refer to as “dino coins.”“Dino coins” are older altcoins like Ripple’s XRP and Tron (TRX) that have recently hit new local and all-time highs. Meanwhile, with the exception of BONK and PEPE, several…
Timothy Morano December 4, 2024 16:35 Wormhole is introducing a staking rewards program for W token holders on Solana and EVM chains to strengthen governance and rewards within the ecosystem. According to Wormhole, the Wormhole platform has unveiled a new Staking Rewards Program (SRP) to incentivize W token holders on Solana and EVM chains, including Ethereum, Arbitrum, Optimism, and Base. This initiative is designed to strengthen governance participation and reward contributors within the Wormhole ecosystem. Staking Rewards Program Overview SRP for the EVM chain, which launched on June 6, 2024, has now been expanded…