Solana (SOL) price spikes as VanEck and 21Shares file for first spot Solana ETFs in the U.S., while Bitcoin sees a 4.2% rise. Local and global crypto news updates and regulatory developments also reported.
Crypto Market Recap: Solana ETF Filings Spark Price Surge
Solana’s Surge on ETF News
The price of Solana (SOL) surged nearly 9% last week following filings by VanEck and 21Shares for the first spot Solana ETFs (Exchange-Traded Funds) in the U.S. The filings, if approved, will see the ETFs listed on the Cboe BZX Exchange and tracking Solana’s price by holding SOL tokens. Bloomberg analysts suggest approval might not happen until 2025, potentially influenced by changes in the U.S. government and SEC leadership.
Market Highlights
- Bitcoin: Up 4.2%, currently at $63,389.
- Top Gainer: DOGWIFHAT, up 38% to $2.26.
- Top Loser: Sui, down 5.8% to $0.83.
- Solana: Increased by 6.6% to $148.33 following ETF filing news.
Local Crypto News (Philippines)
- ReQuest: 2nd place at Solana APAC Summit, Malaysia.
- BreederDAO: Winner at CCP Games’ web3 gaming hackathon.
- Maya Crypto App: Ongoing access issues; funds inaccessible for a week.
- Paytaca: New merchant partnership in Cebu allowing Bitcoin Cash payments.
- Yield Guild Games (YGG): Esports team wins Guild Wars SEA LAN; partners with Sapien AI Corp.
- Superteam PH: Launches new edition of Superspace: The Founders Camp.
- Coins.ph: Giveaway of limited edition Zen Card packs.
- Basta Bitcoin Podcast: Released Episode 6 on inflation, government spending, and Bitcoin.
- ETH63: Hosting a Cebu Ethereum Meetup on July 6.
Regulatory News
- Nigeria: Denies claims of poor treatment of imprisoned Binance executive.
- Korea Institute of Finance: Cautions against approving crypto ETFs.
- Hong Kong: Forms subcommittee on crypto and web3 issues.
- European Union: Sanctions requiring scrutiny of Russian entities.
- Brazil: Crypto purchases to exclude from trade balance next month.
- Coinbase: Potential regulatory scrutiny over new FASB rules.
- Germany: BKA transferred $24M in Bitcoin to Kraken and Coinbase.
- U.S.: Rep. Matt Gaetz introduces bill to pay taxes in Bitcoin.
Web3 and AI Innovations
- Aave DAO: Advances proposal to deploy on Ethereum Layer 2 ZKsync.
- Apple and Meta: Talks to integrate generative AI into Apple products.
- Taurus: Expands digital asset services to the Stellar network.
- Kraken MTF and Copper’s ClearLoop: Partnership for institutional crypto access.
- Allora Labs: Raised $3M for decentralized AI network launch.
- Matter Labs: Unveils ZKsync 3.0 featuring “Elastic Chain.”
- Strike: Bitcoin payments app launches in the U.K.
- Zodia Custody and 21Shares: Partnership for crypto ETP custody services.
- Colosseum: Raises $60M to invest in Solana hackathon projects.
- Covalent: Secures $5M to expand blockchain data services in Asia.
- Worldcoin and Alchemy: Partner to enhance World Chain blockchain.
Web3 Gaming Updates
- Aptos Labs and NBCUniversal: Enhance web3 fan experiences and gaming.
- Lumiterra MMORPG: Migrates to Ronin Blockchain.
- W3Expo 2024: Returns to Istanbul highlighting web3 gaming.
- Telegram’s Monorix: Launches MRX token on BingX.
- CropBytes: Launches PvP battle game, CropBytes Conquest.
- Immutable and MarbleX: Partnership to migrate games to zkEVM.
- Animoca Brands: Exploring public listing in 2025.
- Sky Mavis: Co-founder states web3 gaming is thriving.
- Oasys and Vortex Gaming: Expand web3 gaming in Korea.
- Yaku Corp: Partners with Xai to enhance web3 MMO gameplay.
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