Solana simply made ETF historical past

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GM. Crypto gossip spreads faster than watermelon seeds at a summer season picnic.

Let's dig into the fruit bowl and see what's really price biting into:

🍍 Solana ETF launch;

🤼♂️ Bitcoin's information tug-of-war;

🍋 Circle expands stablecoins in Europe, Canada unveils stablecoin guidelines + extra

You ever present as much as a good friend's BBQ anticipating the same old sizzling canines and find yourself getting wagyu sliders as an alternative? 🧑🍳

That is Solana rn - serving the shock of the season.

The entire crypto market's been chilling, chips-and-dip vibes. Then booyaka - Bitwise launched the primary US spot ETF for SOL.

This implies for the primary time, conventional traders should purchase Solana immediately by way of a regulated ETF, no wallets or crypto exchanges required.

And here is what makes this ETF spicy: it contains staking rewards - which means traders can earn yield simply by holding.

That is a primary for a US spot crypto ETF, and Wall Road loves a passive earnings stream.

So, this entire factor may very well be large. Analysts are speaking billions in potential inflows - as much as $6B, in line with early estimates.

Supply: Eric Balchunas

One factor, although: everybody is aware of these sorts of launches are larger when giants like BlackRock become involved.

In the event that they keep on the sidelines, it takes some pleasure out of it.

However even with out that, being first counts for lots, particularly with the staking kicker.

So yeah, new cash, new gamers, and a brand new chapter for Solana 🔥

🥝 Memecoin harvest This simply in: your cousin's favourite cat coin is up 🐈

Knowledge as of 10:12 AM EDT.

Take a look at these memecoins and lots extra right here .

I feel we have all been in a gaggle chat the place half the individuals wanna hold issues strictly about plans, whereas the opposite half cannot resist dropping memes or sizzling takes on random matters.

The same tug-of-war vitality is now pulsing by way of Bitcoin.

Solely this group chat is international, and the argument's about what Bitcoin needs to be - pure digital cash or an open house for experiments.

So, what is the fuss?

Nicely, there's this factor known as BIP-444 (Bitcoin Enchancment Proposal 444) - a brand new rule thought that may prohibit how a lot non-transaction information (like NFT inscriptions or further messages) may be saved inside Bitcoin blocks.

The purpose? Preserve Bitcoin clear and environment friendly.

Nevertheless, not everybody's shopping for it.

Chun Wang, co-founder of the huge mining pool F2Pool, known as BIP-444 a "unhealthy thought" and stated he will not help any proposal that provides these limits.

To Wang, Bitcoin's magnificence is its openness.

When you begin banning sure makes use of, you are on a slippery slope towards centralization and away from the "anybody can construct something" ethos that made Bitcoin unstoppable within the first place.