Top Stories This Week
Bitcoin ETF issuer VanEck files for Solana ETF in the US
VanEck has filed for a Solana (SOL) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission, marking the first such filing on Wall Street. The VanEck Solana Trust aims to reflect the performance of the SOL token, excluding operational expenses. If approved, the ETF will be listed on the Cboe BZX Exchange. VanEck’s head of digital assets research, Matthew Sigel, cited Solana’s decentralized nature in a social media post, comparing SOL to other digital commodities like Bitcoin and Ether.
Ethereum’s supply has been inflating for 73 days straight
Ether’s supply has been increasing for 73 days in a row, with over 112,000 ETH added since mid-April. This is the longest inflationary streak since the Merge in 2022. The recent Dencun upgrade, which aimed to reduce transaction costs on Ethereum’s layer-2 networks, also significantly reduced the amount of ETH burned on the mainnet. Despite this inflationary period, Ether’s overall supply has decreased by 345,000 ETH since the Merge.
Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance
A Bitcoin wallet from the Satoshi era, dormant since 2010, has transferred 50 BTC to Binance. The wallet, linked to a miner who earned the Bitcoin as a reward when BTC was worth $0.05, has now seen its value rise to millions. The movement of crypto to centralized exchanges is often seen as a bearish sign, as most of the time, the use of centralized exchanges is linked with selling assets.
UAE regulations may lead to crypto payment ban, warns lawyer
The United Arab Emirates central bank is considering new regulations that would require payment tokens to be backed by UAE dirhams and prohibit using cryptocurrencies for goods and services payments. These rules could effectively ban crypto payments within the country, blockchain lawyer Irina Heaver…
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