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Quick Take The Crypto Council for Innovation, Michael Saylor and Robinhood, among others, have all met with the SEC’s newly created crypto task force over the last several days. The SEC has been making moves to re-evaluate its approach to regulating crypto after years of what some in the crypto industry called a “regulation by enforcement” approach.
Quick Take Regulatory uncertainty remains a potential hurdle for Solana ETFs, as the SEC may classify SOL differently from Bitcoin and Ethereum despite a more crypto-friendly stance under new leadership. Bloomberg analysts estimate a 70% chance of Solana ETFs receiving SEC approval.
Quick Take Restaking protocol Byzantine Finance raised $3 million in pre-seed funding to support the development of its aggregation layer.
Quick Take Sam Bankman-Fried posted on X for the first time since January 2023, expressing his views on the recent mass layoffs in the U.S. government. FTT token briefly surged over 29% following Bankman-Fried’s posts.
Quick Take The Pectra upgrade was activated on the Holesky test network at 4:55 p.m. ET yesterday. This activation marks a key phase in stress-testing the upgrade before it is launched on Ethereum’s mainnet. Despite the planned launch, the network has not been finalized since activation.
- 07:45Deribit: $8 Billion BTC and ETH Options Set to Expire, BTC Max Pain at $85,000According to Lin Chen, head of Deribit's Asia-Pacific region, the options for Bitcoin (BTC) and Ethereum (ETH) for April will be settled this Friday (April 25) at 4 PM. At that time, BTC will have $7.2 billion in open interest expiring, with a put/call ratio of 0.73 and a max pain point at $85,000, while the current price is $92,735, indicating a significant win for call option buyers. Meanwhile, ETH will have $800 million in open interest expiring, with the same put/call ratio of 0.73 and a max pain point at $1,900, while the current price is $1,769, showing a slight win for put option buyers.
- 07:28Cryptocurrency-related companies do not qualify for the NVIDIA Inception ProgramAccording to the official page, the NVIDIA Inception Program application page indicates that cryptocurrency-related companies are not supported for application. Consulting companies, cloud service providers, distributors, and publicly traded companies are also excluded. The program requires applicant companies to have been established for no more than 10 years and to possess developers, a valid website, and formal registration. The NVIDIA Inception Program aims to help startups accelerate technological innovation and business growth at various stages.
- 07:14A whale deposited 1,485 BTC into CEX 4 hours ago, which will yield a profit of $30.21 million if soldAccording to monitoring by The Data Nerd, 4 hours ago, the whale "3Ps78" deposited 1,485 BTC (approximately $138.83 million) into CEX. The average purchase price for this whale was $73,140, and selling at the current price would yield a profit of $30.21 million.