The Securities Exchange Commission (SEC) has yet to approve the trading of a grey release ETF covering bitcoin, ethereum and counterfeit products such as XRP, Solana and Cardano. On Tuesday, Wall Street regulators issued an order finding "good reasons" for approving the conversion of the grey release "Grayscale Digital Large Cap Fund" (GDLC) to a spot ETF on the basis of accelerated review. However, a letter from SEC leadership was quietly attached to the order, announcing that it would stay "un...
On June 16, Solana co-founder Anatoly Yakovenko publicly opposed Cardano's proposal to sell $100 million of ADA to buy bitcoin and stablecoins, calling the decision "too stupid". Yakovenko said that the project party only needs to hold 18-36 months of short-term government bonds as emergency funds, questioning "why hold bitcoin for users". The controversy stems from a June 14 proposal by Cardano founder Charles Hoskinson to enhance the liquidity of his DeFi ecosystem stablecoin. The community is...
According to Cointelegraph, the total value of SOL tokens pledged by the Solana network briefly surpassed the market value of Ethereum pledged ETH yesterday. According to the on-chain data, there are 505,938 independent wallets on the Solana network pledged $53.90 billion worth of SOL, and the annualized return on the pledge is 8.31%; there are 34.70 million ETH on the Ethereum chain, worth 53.93 billion dollars. The high verification threshold of 32 ETH (about $50,000) has led to a large number...
Hong Kong stocks Apple concept stocks strengthened, Sunny Optical Technology (02382.HK) rose more than 5%, BYD Electronics (00285.HK) rose more than 4%, AAC Technology (02018.HK), Gao Wei Electronics (01415.HK) and so on.
On August 22nd, Optimism announced the launch of the "TheSUNNYs" event at X, a Superchain-wide awards ceremony with prizes of 540,000 OP to end the Onchain Summer. If users have already built/created a Superchain, they will be eligible to submit an application.
Hong Kong technology stocks continued to rise, Sunny Optical Technology (02382.HK) rose more than 3%, Kuaishou (01024.HK), NetEase (09999.HK), Tencent Holdings (00700.HK) rose more than 2%.
Regarding the issue of Solana network congestion, Fantom Foundation Director Andre Cronje posted on the X platform stating that currently the crypto community has a very high demand for Solana's block space, which is actually a bottleneck they need to optimize. However, this issue is only an engineering obstacle, not a consensus error, and does not involve any important component issues. Solana can be said to be a "successful victim".