miohnson09882

@miohnson09882

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DAOs are already changing the face of decentralized finance. Uniswap DAO has been working toward expanding its $6 billion treasury — a treasury that uses its DAO to vote on what it should do with the capital. Although this technology currently has a novel use case, its application also has the power to change how we view money and who can access it.

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Combining a DAO with a meme/community coin means that holders of the coin have built-in rights to collectively govern within the remit of the DAO. Only people with a stake in the memecoin have such privileges, meaning the holders’ interests are placed firmly in the center of voting and governance systems. The community’s development and growth coin mirrors the community’s development and growth.

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The key to overcoming crypto manipulation from a small group of bad actors is to develop memecoins underpinned by community-empowering infrastructures, including decentralized autonomous organizations (DAOs) — an organizational structure with no central governing body.

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While Bitwise continues to await that approval, VanEck’s head of digital asset research, Matthew Sigel, said the odds of a US-approved spot Solana ETF will be “overwhelmingly high” by the end of 2025.

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In November, Bitwise also registered a statutory trust in Delaware for its proposed spot Solana ETF, which requires further regulatory filings with the US Securities and Exchange Commission.

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BSOL’s management fee is set at a competitive 0.85%, significantly lower than 21Shares’ 2.5%.

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The new ETP offers an annual percentage yield (APY) of 6.48% for stakers, outpacing its European competitors like 21Shares, which offers 5.49%.

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Bitwise had not responded to Cointelegraph’s request for more details about the partnership by the time of publication.

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According to a Dec. 18 news release, Bitwise has listed its Solana (SOL)-based crypto-staking ETP on the Frankfurt Stock Exchange’s Xetra trading venue in partnership with a self-custodial automation tool, Marinade.

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Crypto index fund manager Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe with the stock ticker BSOL while it awaits registration approval in the United States for its Solana exchange-traded fund (ETF) offering.

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Mark Longo, the owner of Peanut the Squirrel, has issued a cease-and-desist letter to Binance, accusing it of trademark infringement in connection with its PNUT-themed memecoin.

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Meanwhile, Binance faces allegations of intellectual property theft in the United States.

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The licensing requirements are set to extend beyond those related to digital currency exchanges, according to The Australian Financial Review (AFR).

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The questionnaire details several key areas the PRA wants firms to address, including how they are using the Basel framework for holding crypto assets and using permissionless blockchains.

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The regulator is asking for firms to take into account any future plans of crypto assets up to Sept. 30, 2029.

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The PRA hopes that gathering current and intended crypto business activities can be used as a “base from which to monitor the financial stability implications of these assets.”

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The Basel framework outlines capital and risk management requirements for banks’ exposure to crypto. It was introduced in December 2022 by the international banking regulator, the Basel Committee on Banking Supervision (BCBS).

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The divergence is evident as DOGE’s price formed consecutive higher highs during its uptrend since Nov. 11, while its RSI simultaneously charted lower highs.

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Dogecoin’s ongoing price decline follows several days of bearish divergence, marked by its rising price contrasting with a falling relative strength index (RSI) on the daily chart.

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