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Quick Take 21Shares is the second firm in as many days to file to launch a SOL exchange-traded fund in the U.S. Like VanEck, the firm also believes Solana’s native token should be treated as a commodity. The SEC’s Enforcement Division has already said SOL is a security — which may be a serious roadblock to launching these funds, experts say.
Bitcoin prices could be poised to trade upwards again despite continuing to downtrend this month, according to analysts who are eyeing the Federal Reserve’s next move.
GSR Markets predicts Solana’s price could surge 9x with potential ETF approvals, akin to Bitcoin’s history.
Share link:In this post: Bitcoin’s active address ratio hit its lowest point since November 2010. The number of active wallets is at multiyear lows, with only 614,770 active in late May. 85% of Bitcoin holders are currently making a profit at the current price.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified
- 11:56Analysis: The US dollar and US bonds may rebound after the recent sell-offIn a report, Kaiyuan Macro Economist Jonas Gortman stated that after the so-called reciprocal tariffs of President Trump led to a sharp decline in the dollar and U.S. Treasury bonds recently, it seems that they will rebound in the next few months. He said that tariffs seem to have caused people to lose confidence in the United States as their currency and bond haven. However, the US economy may avoid a full recession, and the Federal Reserve will keep interest rates unchanged this year, making spreads favorable for dollars again. It is believed that turmoil in the bond market will be alleviated.
- 11:55Only 11% of Bitcoin companies registered in El Salvador are operating normallyOut of the 181 Bitcoin service providers registered with the Central Bank of El Salvador, only 20 are in operation, as the rest have failed to meet the requirements of the country's Bitcoin law. Data shows that at least 22 non-operating providers have failed to comply with most of this law, which requires strict regulation of their financial systems. The Salvadoran Bitcoin law reportedly requires providers to maintain an anti-money laundering (AML) program, keep records accurately reflecting company assets, liabilities and equity, and develop a tailored cybersecurity plan based on their service nature. The data indicates that 89% of registered providers have not met some operational obligations.
- 11:55The repurchase address of the GPS has completed the destruction of 177 million GPS, worth 3.07 million US dollarsAccording to @ai_9684xtpa's monitoring, 10 minutes ago, the GPS repurchase address has completed the destruction of 177 million GPS, worth 3.07 million US dollars. Previously, the project party promised to repurchase GPS worth 4.34 million USDT. Between March 19 and April 14, it has withdrawn tokens worth $4.04 million from CEX in seven installments. The repurchase is basically complete.