Planet Daily | President of The ETF Store: Solana ETF is expected to be approved by the end of next year at the latest;
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The ETF Store President: Solana ETF is expected to be approved by the end of next year at the latest
Nate Geraci, president of The ETF Store, said: “I believe there is a high probability that the Solana ETF will be approved by the end of next year at the latest. The SEC may be currently in contact with the issuer about the product, which is obviously a positive sign.”
Two Prime Digital Assets CEO Alexander Blume agrees, given that industry leaders such as Bitwise have already filed applications.
If they dont have a good feeling about success, they wont waste time and money doing it, Blume said, adding that the success and precedent set by spot Bitcoin and spot Ethereum ETFs, coupled with a more cryptocurrency-friendly regulatory environment, will lead to the launch of the SOL ETF within the next year.
Blume said: Both institutional and retail investors can access cryptocurrencies through ETFs through traditional regulated financial channels such as banks and exchanges, which opens up pools of capital that did not exist before. Its like changing the swimming pool hose to a fire hose, which means that potential momentum and speculative trading can have a greater impact. (The Block)
Elon Musk confirms X is preparing to launch remittances feature in its X Payments service
Elon Musk confirmed that X is preparing to launch a money transfer feature in its X Payments service, in response to a social media post showing a dollar sign icon on podcast mogul Joe Rogan’s profile.
The feature is part of Musks strategy to transform X into a WeChat-like app for everything. X Payments LLC has obtained remittance licenses in most states in the U.S. (except New York), laying the foundation for integrating payment services on the platform. The planned peer-to-peer transaction feature is intended to increase user engagement by enabling direct remittances within the platform.
While details regarding potential crypto asset integrations have not yet been confirmed, given Musk’s long-standing support for Dogecoin, the community speculates that the cryptocurrency is expected to be included.
Earlier in September, Musks wholly-owned subsidiary X Payments obtained a money transmission license in Oklahoma. So far, it has obtained money transmission licenses in 37 states in the United States. It is reported that X Payments goal is to seek licenses in all 50 states in the United States and hopes to launch payment services across the United States later this year.
Bitcoin mining company MARA: purchased 5771 BTC through convertible note issuance
Bitcoin mining company MARA announced on the X platform that it purchased 5,771 BTC through convertible note issuance at an average price of $95,554. The total number of BTC it currently owns is approximately 33,875, worth $3.4 billion.
Magic Eden Foundation: ME will be held on December 10th TGE
The Magic Eden Foundation officially announced that ME plans to conduct TGE on December 10. However, the specific information about the conversion of the platforms existing reward program Magic Eden Diamonds into ME tokens has not yet been disclosed. Relevant sources said that the token distribution is expected to be based on organic trading activities, cross-chain transactions, and loyalty or historical usage of qualified platforms. Factors such as usage.
While users won’t know their allocation until December 10, they will be able to check if they qualify for the airdrop using a tool released by the ME Foundation a few days before claiming it. When token claims are officially opened on December 10, 12.5% of the total supply of 1 billion ME tokens (125 million tokens) will be immediately unlocked and made available to eligible Magic Eden users, and another 22.5% of the supply (or 225 million ME tokens) will be set aside to incentivize future users of ME Foundation-related protocols and platforms. (Decrypt)
Nouvelles de l'industrie
Binance Research discussed the integration and synergy between blockchain technology and artificial intelligence (AI) in a report released recently. The report pointed out that the adoption of artificial intelligence agents (systems or programs that can autonomously perform tasks on behalf of users) in areas such as decentralized asset management and community-driven governance is growing. Some potential use cases include:
Digital Influencers: AI agents like Luna can redéfine the influencer economy, providing tireless, personalized, 24/7 engagement that human influencers cannot match;
DeFi Advisors: AI agents can act as financial advisors, optimizing investment strategies and managing risks in real time;
Consumer services: From virtual personal trainers to digital therapists, AI agents can revolutionize the way people interact with services;
Multi-agent ecosystems: As more AI agents enter the blockchain space, we may see the emergence of ecosystems where agents collaborate and transact autonomously;
The report also stated that while AI agents hold great promise, they face various obstacles, including scalability limitations, integration challenges, and risks such as hallucination errors.
On-chain analyst @ai_ 9684 xtpa posted on the X platform: “Since Binance launched the GOAT contract at the end of October, it is clear that Binance’s attitude towards Memecoin has begun to change.”
In the past 30 trading days (2024.10.07 – 11.15), Binances trading volume is 10% higher than Nasdaq, twice that of the New York Stock Échange (NYSE), and 16 times that of Coinbase, accounting for about 50% of the global centralized exchange trading volume.
According to Spot On Chain monitoring, in the past 3 days, Tether has issued a total of 5 billion USDT and injected 2.83 billion USDT into the cryptocurrency market.
Since November 6, its total net issuance has reached 13 billion USDT.
Morgan Stanley CEO Ted Pick said the U.S. economy will continue to perform well in 2025. He praised the Feds cautious attitude and believed that Trump brought inflation risks. Ted Pick pointed out that the Fed took a cautious approach, which was the right thing to do, adding that the Fed did not want to reverse its decision to cut interest rates. Due to factors such as policy uncertainty, there will be some cautious sentiment in the market, but overall, people certainly continue to hold a constructive view. (Jinshi)
Galaxy CEO: Almost all members of Trump’s cabinet own Bitcoin
Galaxy CEO Michael Novogratz said that US President-elect Trump has brought a paradigm shift in cryptocurrency regulation, adding: Almost all of the Trump cabinet owns Bitcoin and is a supporter of digital assets, so they are all very supportive of the industry. They support innovation, they support digital assets, and they support Bitcoin. I would not be surprised if the price of cryptocurrencies goes higher. The market is undergoing price discovery. There is not much supply. (Businessinsider)
US listed company SAIHEAT purchased 102 Bitcoins as reserve assets, worth $1.5 million
SAIHEAT Limited (NASDAQ: SAIH, SAITW), a US-listed company, announced that it has purchased $1.5 million worth of Bitcoin and currently holds approximately 102 Bitcoins, including staked and restricted Bitcoins.
The company said it has committed to a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain the Bitcoin it mines through operations as a long-term asset. In addition, SAIHEAT is also making strategic purchases on the open market to increase its Bitcoin reserves while aligning with its long-term financial goals.
It is understood that SAIHEAT Limited is a company that provides comprehensive energy services for data centers. Its predecessor was SAI.TECH Global Corporation. It merged with TradeUP Global Corporation in May 2022 and became a Nasdaq-listed company. (Globenewswire)
Nouvelles du projet
WSJ: Cantor will acquire approximately 5% of Tether’s equity
According to the WSJ, sources said Cantor will receive an ownership interest of approximately 5% in Tether.
Nate Geraci, president of The ETF Store, shared the WSJ report on Tether on X: Tether CFO Giancarlo Devasini privately said earlier this year that Howard Lutnick would use his political influence to try to defuse threats to Tether. Lutnick owns a majority stake in Cantor, which custody most of Tethers $134 billion in assets. Cantor also apparently owns 5% of Tether.
Wintermute Asia to double APAC headcount with new headquarters in Singapore
Wintermute Asia recently said it will establish a new headquarters in Singapore, doubling its Asia-Pacific staff. Wintermute Groups digital asset derivatives trading division said it is actively recruiting top talent that is critical to expanding its business. (Blockworks)
Tendances réglementaires
The U.S. House of Representatives will testify to Rep. Mike Flood’s recent statement: “Despite widespread opposition, SAB 121 remains in effect as a regulation, even though it has never gone through the normal Administrative Procedure Act process.”
“I look forward to working with the next SEC Chairman to rescind SAB 121,” Flood said. “Whether Chairman Gary Gensler resigns on his own initiative or President Trump follows through on his promise, the new administration has an excellent opportunity to usher in a new era without Gensler.”
It added: “It should come as no surprise that Gensler opposed the digital asset regulatory framework that passed the House on a bipartisan basis earlier this year. 71 Democrats joined House Republicans in passing this common-sense framework. Although the Democratic-led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and could inform the work of a unified Republican administration when the next Congress begins in January.”
Voix des personnages
Sean Farrell, head of digital asset strategy at market research firm Fundstrat, wrote in a recent report that one “quantifiable” indicator of sentiment and frothy markets is the price difference between Bitcoin in South Korea and Bitcoin on Coinbase, which the crypto industry colloquially calls the “Kimchi Premium” or “Korea Premium Index.”
When the speculative frenzy began, the BTC price on Korean exchanges was at a premium relative to other cryptocurrency exchanges, and the premium is currently around 0%, indicating that Korean traders are not overly excited. Usually, the market kimchi premium soars to more than 10%, and the rise in the past week should not be regarded as a pure speculative boom, and Bitcoin may still have room to rise.
Solana co-founder claims Solana is always faster than ZK, Matter Labs CEO refutes
Solana co-founder Toly Yu responded to a netizen on X: “ZK is slower than traditional computing. So Solana will always be faster than ZK because there is no religious reason to limit the capacity of full nodes.”
In response, Alex Gluchowski, CEO of ZKsync developer Matter Labs, said: “ZK is always faster than Solana because it is protected by mathematics rather than validators, which means that one or a few validators (for redundancy) are enough and you don’t need to wait for consensus among thousands of nodes.”
Murad: The essence of investing in Meme coins is investing in the community
Meme Godfather Murad posted on the X platform that the essence of investing in Meme coins is investing in the community. The key is to find a community with the following characteristics:
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People who work hard every day
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6 months and older
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Withstood many big falls
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The number of holders increases every month
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Target amount exceeds US$20 billion
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Big Distribution + Diamond Hand
This article is sourced from the internet: Planet Daily | President of The ETF Store: Solana ETF is expected to be approved by the end of next year at the latest; Elon Musk confirmed that X is preparing to launch a remittance function in its X Payments service (November 25)
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