This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Solana Meme Coin’s Supposed Retail Trader Trap
Behind the seemingly playful facade, structured groups, using bots and social media hype from paid influencers, control meme coin launches, buy in early at discounted prices, and then strategically sell off for profit, leaving ordinary buyers with plummeting tokens…[Read More]
2) Ethereum Futures Open Interest Hits Record as Price Declines
Despite a surge in ETH futures open interest to an all-time peak, the price of Ether has declined, indicating the high open interest may not reflect bullish sentiment but rather increased speculative activity or even bearish positioning, as evidenced by a decreasing futures premium…[Read More]
3) Ethereum ETFs Falls BlackRock Bets on Staking for Solution
BlackRock believes that incorporating staking into Ethereum ETFs could make them more appealing to investors and improve their performance, as staking yield is a significant draw in the crypto space. The initial weak interest in Ethereum ETFs is partly attributed to the lack of staking capabilities within these investment products, preventing investors from earning passive income on their holdings…[Read More]
4) Fidelity Investment in Solana Rumors Emerge
Unconfirmed reports indicate Fidelity Investments might be in the process of registering a Solana fund in Delaware, although official verification is currently absent, leaving the news in the realm of speculation…[Read More]
5) NYSE Seeks SEC Green Light for Ethereum ETF Staking
The New York Stock Exchange (NYSE) has formally requested permission from the U.S. Securities and Exchange Commission (SEC) that could pave the way for staking rewards within Ethereum ETFs. Specifically, the NYSE is advocating for the Bitwise Ethereum ETF to be authorized to stake a portion of its Ethereum holdings…[Read More]
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