Grayscale Files for Solana ETF With NYSE Arca Amid Expanding Crypto Offerings

The multi-billion-dollar crypto asset manager has joined the race to launch the first spot solana exchange-traded fund (ETF) in the U.S. Grayscale Becomes Fifth Asset Manager to File for a Solana ETF Crypto asset manager Grayscale is looking to convert its $120 million Grayscale Solana Trust (GSOL) into a spot ETF after U.S. exchange NYSE … Read more

Bitcoin’s On-Chain Activity Surges As Market Dynamics Shift

Bitcoin’s on-chain activity is experiencing a significant uptick, marking the first sustained growth of this scale since 2021. Daily active addresses are nearing 1 million, highlighting renewed interest in the cryptocurrency. https://twitter.com/intotheblock/status/1861338230676721786?t=Ut54ItPXiZ7fGUf1Wsdpzw&s=19 One factor contributing to Bitcoin’s recent retracement is elevated funding rates, which signaled excessive leverage in the market. However, these rates have now … Read more

Bitcoin Network’s Total Value Locked Surges To Over $4.3 Billion

The Bitcoin network has seen an impressive surge in its Total Value Locked (TVL), surpassing $4.3 billion with 44,369 BTC currently staked. This growth follows Babylon’s groundbreaking introduction of native Bitcoin staking, which has revolutionized how users participate in Bitcoin’s ecosystem. Babylon Labs is at the forefront of this shift, with nearly 24,000 BTC staked … Read more

Bitcoin Nears $100K, Record Inflows And Outflows Mark Historic Milestone

Bitcoin is edging closer to a $100,000 price tag, reaching a new all-time high of $99,000, with the six-figure mark now within striking distance. This surge has sparked a wave of excitement across social media, with platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk buzzing with discussions about Bitcoin potentially hitting $100K. https://twitter.com/santimentfeed/status/1859692427667439964?t=n7GwRbGl6qAv92OheHUemw&s=19 While the … Read more