🦎🚀 Solana is next for VanEck! 👀

By rahmat hidayat

Friday, June 28, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! What does the weekend have in store, Geckos?     As we approach the end of the second quarter of 2024, it's time to look forward to new beginnings!    In today's news:   What comes after BTC and ETH? 📜 No winners in this debate 🙊   Read on! 24h Hot Searches Worldwide 🔥 MAGA Hat         (-5.7%) Blast                   (-7.0%) LayerZero          (+0.4%) Zignaly              (+21.2%) BorpaToken    (+274.5%) ZKsync               (+3.6%) Kaspa                 (+4.1%) CoinGecko Survey: What's Your Post-Halving Opinion?    We're running a short survey to find out what everyone really thinks about the current state of the crypto market and industry.   Are you bullish or bearish, now that two months have passed since the Bitcoin Halving? How about your BTC, ETH & SOL predictions? Will NFTs come back this cycle? And is CT still the best place to be?   Survey length: 5-10 mins only. Read more What comes after BTC and ETH? 📜   Even though the ETH ETF hasn't been officially launched yet, some firms are already looking to get a head start on turning one of the largest crypto assets into an ETF.   Yesterday, Matthew Sigel, the head of digital assets research at VanEck, revealed that the firm had submitted a filing for a Solana ETF.   The ETF, known as the VanEck Solana Trust, would be listed on the Cboe BZX exchange, and its shares would be valued daily according to the Solana Benchmark Rate, which is aggregated based on prices from five specific trading platforms.   Although the SEC deemed Solana a security during its lawsuit against Binance last year, Sigel claims that it should be considered a commodity because it has similar properties to Bitcoin and Ethereum.   In October 2023, VanEck published its valuation of Solana, projecting that in the most bullish scenario, the cryptocurrency could potentially breach a price of $3,200 by 2030.   Since the news of VanEck's SOL ETF filing broke out, the price of SOL has risen by 7.8% from $139.50 to a peak of $150.33 but is currently trading lower at $144.75.   Editor's Note: We've yet to see how well the ETH ETF performs, but institutions are already eager to push out new crypto ETF products to the public. Yet, some have argued that the SOL ETF will likely not be approved due to volume requirements, and even if it does get approved, it would likely be in 2025. However, the winds of change can blow very quickly, as we've seen before with the ETH ETF.   You've probably heard that bitcoin mining is about "solving complex math problems", but this is not quite true. Learn what it actually is in today's video! Watch now No winners in this debate 🙊   Presidential candidates Donald Trump and Joe Biden went head-to-head in a televised debate earlier today, which did not bode well for their associated memecoins.   Shortly after the debate started, the Jeo Boden memecoin on Solana plunged by 27.6% from $0.145 to $0.103 and is currently trading lower at $0.08.   Although it seemed as if Biden's opponent had the upper hand in the debate, tokens related to Trump did not fare much better either.   Despite his pro-crypto stance, tokens such as TREMP and MAGA fell by 19% and 18% respectively.   The DJT token, which is allegedly connected to Trump's son, Barron, was also affected, falling by 3.3% from $0.121 to $0.117.     The Pectra upgrade is the next major improvement to the Ethereum network, and will include account abstraction to create a better user experience. Check out what else is included in the Pectra upgrade in today's article. Learn more In Other News...   Solana Expansion. Wormhole will use Solana-based protocols to verify users' Worldcoin World IDs that were originally verified on Ethereum.   Exceeding Expectations. Zeta Markets' token doubled in value yesterday, surpassing pre-market expectations for the Solana perpetuals DEX airdrop.   $573M Lost to Hacks and Scams in Q2. According to Immunefi, DMM Bitcoin and BtcTurk were the top two exploits, accounting for $305 million and $55 million in losses, respectively.   Donations Piling In. Jesse Powell donates $1 million in crypto to Trump's 2024 campaign.   Coinbase Partners with Stripe. Users can now use Stripe's fiat-to-crypto onramp to buy digital assets with credit cards or Apple Pay inside the Coinbase Wallet.   $20M Seed Round Raise. MegaLabs, the developer of a new blockchain called MegaETH, has raised $20 million in a seed funding round from Dragonfly, Vitalik Buterin, Joseph Lubin, and others. Here are the top trending coins for this week! 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know

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