Coinedition
SEC to conduct initial review for Solana-based ETFs with January 2025 deadline looming. Institutional interest in Solana ETFs reflects confidence despite regulatory stringency. Analysts predict long-term potential for Solana ETF approvals amid growing optimism.
Celsius founder Alex Mashinsky pleads guilty to two counts of fraud and market manipulation. In a December 3 hearing, Mashinsky agreed to a maximum sentencing guideline of 30 years in prison. Mashinsky was indicted for misleading customers into investing and inflating the price of the CEL token.
The crypto market trades in the green, with many tokens like XRP and ADA gaining. While Forbes previously dubbed these tokens Zombies, the recent surge sparks criticism. While XRP targets new all-time highs, ADA trades at a level last seen in 2022.
Ethereum Foundation has invested a total of $12.848 million in the third quarter. The Foundation invested heavily into community development across the globe. The non-profit organization is also set to invest millions of dollars into zkVMs.
Hydra founder Stanislav Moiseev has been sentenced to life imprisonment. A Russian court sentenced all 15 of Moiseev’s accomplices from 8 to 23 years. Cars, properties, and other assets of all the people involved have been seized.
BTC wallets active in the past month have secured average returns of +4.2%. Santiment believes that Bitcoin will continue to rise since the gains are not enough. Stablecoin exchange inflows also skyrocketed, suggesting increased capital flow.
SAND and MANA are up 137.48% and 96.98%, respectively in the past month. KAIA announced mini Dapps on LINE, and listing on HashKey turned KAIA bullish. EigenLayer also introduced EigenGov, providing more power to EIGEN holders.
PNUT whale withdraws $6M in ACT tokens from Binance, raising bullish market speculation. ACT gains attention amid price surges and corrections. ACT trades at $0.56 after a 2148% surge; RSI hints at short-term bearish momentum easing.
XRP surged 444% and Cardano 280% in the past 30 days. Santiment reports trader fatigue and quieter market sentiment after profit-taking. The absence of FOMO suggests these altcoins may continue their upward momentum.
