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Wallets belonging to the defunct crypto exchange FTX and bankrupt trading firm Alameda Research unstaked over 3 million Solana tokens, its largest SOL unlock since it started selling off company tokens in November 2023.
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Israel will be collecting public feedback and suggestions on designing the CBDC until April 30, 2025. The central bank will also send requests for information to technology providers to gain CBDC implementation ideas.
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Based on its correlation with the global liquidity index, Bitcoin’s right-hand side (RHS), which marks the lowest bid price someone is willing to sell the currency for, may fall below $70,000 around the end of February, after it peaked near $110,000 in January.
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Commissioner Christy Goldsmith Romero has reportedly said she’ll step down from the Commodity Futures Trading Commission when President Donald Trump’s pick to lead the agency takes the helm.
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Trump said he expects Xi to visit the US and added that “it’s possible” for the US and China to broker a new trade deal, but gave no timeline for the potential visit, Reuters reported on Feb. 20.
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Despite being a positive step for Bitcoin adoption, the hearing may only represent a “symbolic move” for cryptocurrency markets, according to Iliya Kalchev, dispatch analyst at Nexo.
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“Texas considering Bitcoin as a reserve asset is another chess move in BTC’s march toward institutional legitimacy, but state-level initiatives often make ripples, not waves, compared to ETF inflows or corporate treasury allocations,” Kalchev told Cointelegraph.
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“Unless the hearing unveils a near-term purchase plan or a major policy shift, the market’s response will likely be mild, as Texas’ pro-crypto stance is already well known,” he added.
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“Unless the hearing unveils a near-term purchase plan or a major policy shift, the market’s response will likely be mild, as Texas’ pro-crypto stance is already well known,” he added.
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“Texas considering Bitcoin as a reserve asset is another chess move in BTC’s march toward institutional legitimacy, but state-level initiatives often make ripples, not waves, compared to ETF inflows or corporate treasury allocations,” Kalchev told Cointelegraph.
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Despite being a positive step for Bitcoin adoption, the hearing may only represent a “symbolic move” for cryptocurrency markets, according to Iliya Kalchev, dispatch analyst at Nexo.
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“Interesting because there aren’t CME futures yet and I’m not sure if the Coinbase SOL futures are large and liquid enough,” ETF analyst James Seyffart posted on X.
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Volatility Shares, another asset manager, had filed a similar application in December.
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Seyffart, on Jan. 16, said Solana ETFs may not launch in the United States until 2026, even under a crypto-friendly White House.
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On Jan. 17, CoinShares, formerly Valkyrie Funds and a digital asset manager, also filed for the “CoinShares Digital Asset ETF,” which will track its proprietary Compass Crypto Market Index.
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Tidal DeFi, an asset management firm focused on decentralized finance, filed for its Oasis Capital Digital Asset Debt Strategy ETF (DADS). The fund plans to invest in debt instruments tied to companies in the crypto ecosystem, including miners, utilities, energy firms, and payment platforms.
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Earlier this week, asset manager VanEck, on Jan. 15, submitted an application to the SEC for the “Onchain Economy” ETF. According to the filing, the fund aims to invest in a broad range of crypto-focused firms, including software developers, mining companies, exchanges, infrastructure builders, payment providers and other businesses within the cryptocurrency sector.
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Nate Geraci, president of The ETF Store, noted the significance of these filings.
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Gensler’s tenure, which began in April 2021, featured high-profile lawsuits against Coinbase and Binance, as well as a crackdown on unregistered securities offerings. His last day of working is Jan. 20.
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Eric Balchunas, a senior ETF analyst, commented on the flurry of filings:
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