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VanEck Files for a Solana ETF | Cryptocurrency Trends

Jarseed, Bitget Research
2024/06/28
VanEck Files for a Solana ETF | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • OKX releases its 20th Proof of Reserves, showing that OKX maintains over 100% reserve ratios for 22 coins. Among them, BTC, ETH, USDT, and USDC have reserve ratios of 104%, 102%, 107%, and 102%, respectively, for a total value of $22,366,016,810.

2. Cryptocurrency Trends:

  • According to the SEC's official website, VanEck has filed an application for the VanEck Solana Trust. The VanEck Solana Trust is an ETF that issues equity-based common shares that are expected to be listed for trading, subject to specific issuance notice, on the Cboe BZX Exchange. The Trust's investment objective is to reflect Solana's price performance, less the expenses of the Trust's operation.
  • June 28: The Aptos Foundation partners with Alibaba Cloud to strengthen Japan's Web3 ecosystem and improve regional accessibility in the Asia-Pacific region.
  • Coinbase announces a partnership with payments giant Stripe to increase on-chain adoption and provide faster and cheaper financial infrastructures.
  • June 28: A proposed Bitcoin and gold exchange-traded fund (ETF) files a prospectus, seeking to give traders and investors exposure to Bitcoin and gold without having to buy either asset.
  • Sanctum integrates Dialect to support the staking of Sanctum LST tokens via its website.
  • Cobo, a digital asset custody and wallet technology provider, announces the launch of Cobo Portal, the world's first one-stop custody and wallet technology platform. The platform aims to provide businesses with a simplified solution to build a highly scalable wallet infrastructure and securely manage digital assets.
  • Marathon Digital (MARA), a crypto firm, announces the commencement of Kaspa mining operations. As of June 25, 2024, Marathon has mined 93 million KAS, currently valued at approximately $15 million.

3. Financing Trends:

  • TheBlock reports that Bitcoin analytics startup Rebar has raised $2.9 million in seed round funding led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital, and UTXO Management.
  • XProtocol announces in a post on X that it has successfully raised $800,000 in a funding round (for a total of $5.2 million), with participation from CoinFund, Dragonfly, Razer, and others.

4. Regulatory Trends:

  • According to documents disclosed by Bitcoin News on X, the Danish Financial Supervisory Authority will abolish non-custodial Bitcoin wallets, citing concerns about the unregulated activities of crypto platforms. They emphasized the need to regulate "interface providers" and mobile app developers to comply with MiCA regulations.
  • TheBlock reports that Coinbase has filed a lawsuit against the U.S. SEC and FDIC, accusing federal financial regulators of not complying with Freedom of Information Act requests and attempting to cut off the crypto industry from the banking industry.
  • The Seoul High Court rules in favor of the Fantom Foundation in its legal dispute with SikSin and its CEO Byung-Ik Ahn. The decision overturns the previous court ruling, dismissing all claims made by the plaintiffs and ordering them to bear all litigation costs.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.