Tag Archives: solana

VanEck, the American investment firm, has filed an S-1 registration form with the SEC to issue SOL ETFs (Exchange Traded Funds) in the US. It is the first filing for a SOL ETF in the country. The cryptocurrency’s price saw 8% gains in the 24 hours following the news. The filing comes six days after another asset manager, 3iQ, filed to issue SOL ETFs in Canada. VanEck is most notably known for filing to offer ETH ETFs in the US in 2021. While it was not approved immediately, the SEC has...

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The layer-2 ecosystem remains robust with protocols and EVM (Ethereum Virtual Machine) scaling platforms growing rapidly and becoming ubiquitous, contrary to some bearish claims, said Ethereum community member Ryan Berckmans in a post on X on June 26. His comments came in response to a post from Movement Labs founder Rushi Manche, who said, “EVM L2s will go to zero. they mostly all suck compared to SOL.” Berckmans retorted, stating that the L2 ecosystem is still “growing like...

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Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary focus with $630 million in outflows, although short positions did not increase significantly, as per...

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Canadian asset manager 3iQ announced that it has filed a prospectus with the Ontario Securities Commission (OSC) to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). If approved, the fund will be the first publicly traded Solana ETP in North America. 3iQ Files Prospectus for Solana Fund (QSOL) In a June 20 post on X, 3iQ Corp. announced the submission of a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public...

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Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the latest all-time high of active users, Base-powered decentralized exchanges have now surpassed BNB Chain. The Layer 2 network is now behind...