Published on juni 29, 2024, 9:21 pm
Image source: Fox News
```json [ "VanEck files for a Solana (SOL) exchange-traded fund (ETF) with the SEC, marking a significant move in the financial world.", "Ether's supply has seen consistent growth for 73 days, despite decreased ETH burned after the Dencun upgrade on Ethereum's layer-2 networks.", "A Bitcoin wallet dormant since 2010 moved 50 BTC to Binance, raising caution due to potential selling activities.", "The UAE central bank considers new regulations that may lead to crypto payment bans within the country.", "Indicator suggests a potential market bottom for Bitcoin amidst subdued bullish attitudes and sentiments reflecting on social media platforms.", "Current cryptocurrency prices: BTC at $60,994, ETH at $3,419, XRP at $0.47 with a total market cap of $2.27 trillion according to CoinMarketCap." ] ```
VanEck, a notable name in the financial world, has taken a significant step by filing for a Solana (SOL) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission. This move marks a milestone as the first filing of its kind on Wall Street. The VanEck Solana Trust is designed to mirror the performance of the SOL token while excluding operational expenses. Pending approval, this ETF will find its place on the Cboe BZX Exchange.
Matthew Sigel, VanEck’s head of digital assets research, highlighted Solana’s decentralized nature in a social media post, drawing parallels between SOL and other digital commodities like Bitcoin and Ether.
In other news within the cryptocurrency sphere, it has been observed that Ether’s supply has seen consecutive growth for 73 days straight, resulting in over 112,000 ETH added since mid-April. This inflationary streak is notably the longest since the Merge in 2022. The Dencun upgrade, which aimed at reducing transaction costs on Ethereum’s layer-2 networks, played a role in significantly decreasing the amount of ETH burned on the mainnet. Despite this period of inflation, Ether’s overall supply has actually decreased by 345,000 ETH ever since the Merge event.
A notable occurrence was sighted when a Bitcoin wallet dormant since 2010 from the Satoshi era moved 50 BTC to Binance. This wallet belonged to a miner who initially received Bitcoin as a reward when it was valued at $0.05; currently, with Bitcoin’s surge in value over time, this stash is now worth millions. It should be noted that movements like these towards centralized platforms are often viewed with caution as they tend to signal selling activities associated with centralized exchanges.
Shifting our focus internationally to the United Arab Emirates (UAE), their central bank is deliberating new regulations that would mandate payment tokens to be backed by UAE dirhams and restrict using cryptocurrencies for goods and services payments. Such regulations could potentially lead to crypto payment bans within the country according to legal experts familiar with blockchain matters.
Amidst recent market fluctuations affecting sentiments surrounding Bitcoin’s price trajectory lies an indicator suggesting a potential market bottom due to subdued levels of bullish attitudes and exuberance related to Bitcoin’s price movements. Data gleaned from crypto analytics firm Santiment indicates a noticeable decrease in positive remarks about Bitcoin across various social media platforms recently.
Concluding this overview with some current cryptocurrency prices: Bitcoin (BTC) sits at $60,994, Ether (ETH) at $3,419 and XRP at $0.47 resulting in a total market cap of $2.27 trillion according to CoinMarketCap statistics.
In terms of altcoin performance for the week among leading 100 cryptocurrencies: top gainers include Akash Network (AKT) at 23.04%, Kaspa (KAS) at 22.14%, and Brett (Based) (BRETT) at 14.60%. On the other hand, key losers encompass Ethena (ENA) at -13.03%, Gnosis (GNO) at -11.65%, and Pendle (PENDLE) at -11.45% showcasing varied movements within this diverse altcoin landscape during this period.
For more comprehensive insights into crypto prices and trends continue reading expert analysis from leading sources like Cointelegraph.”
Original article posted by Fox News
