VanEck Applies for Solana ETF in the US – Vitalik Buterin Backs MegaETH

VanEck Applies for Solana ETF in the USA

VanEck classified Solana as a commodity similar to Bitcoin and Ethereum, and following this news, the SOL price increased by 7% to $150. VanEck’s Matthew Sigel highlighted Solana’s similarities to Ethereum, noting its use for a variety of applications and a single global state machine structure without sharding. The SEC has approved Bitcoin ETFs and recently approved Ethereum ETFs as well, but uncertainties remain regarding the classification of Ethereum. Sigel argued that SOL is used for transaction fees and services on the blockchain and has similar characteristics to other digital commodities.

Vitalik Buterin Supports MegaETH

MegaLabs has completed a seed funding round in which it raised $20 million, led by Dragonfly, developer of the new blockchain MegaETH, and with participation from notable investors such as Ethereum co-founder Vitalik Buterin. Founded by Shuyao Kong and Yilong Li in early 2023, MegaETH aims to process 100,000 transactions per second, which is much more than typical EVM-compatible blockchains. MegaETH defines itself as the first real-time blockchain that is fully Ethereum compatible; Ethereum security processes and broadcasts transactions instantly using Optimism’s proof-of-error system and an optimized sequencer.

Dormant Bitcoin Miner Wallet Resurfaces After 14 Years

A Bitcoin wallet that had been dormant for 14 years has become active again, transferring 50 BTC worth $3.05 million to Binance. This wallet belongs to an early Bitcoin miner who received BTC as a mining reward in July 2010 and has been holding it ever since. At that time, the value of BTC was less than $1, and now the value of BTC is close to $61,000. Similar events in March 2022 include the reactivation of a wallet containing 489 BTC, and other major long-dormant wallets moving large amounts of BTC in 2023 and 2024.

Cardano Foundation Prepares for Chang Hard Fork and Governance Transition

The Cardano Foundation has introduced a comprehensive governance reform framework with the upcoming Chang hard fork and aims to improve decentralized decision-making processes within the blockchain. The Changhard fork represents a significant technical and governance update for Cardano, emphasizing security, sustainability, and community involvement in governance. The new governance model aims to ensure a balanced distribution of power by including delegates, staking pool operators and the constitutional committee. During the transition period between Chang #1 and Chang #2 updates, management actions will be limited to maintain stability. The Cardano Foundation played an important role in the transition process as a member of the Interim Constitutional Committee, using its significant ADA stake to elect representatives committed to the core principles of the new governance model.

Chainlink’s Data Streams Product is Live on Avalanche Network

Chainlink has launched Data Streams on the Avalanche network. GMX, a decentralized perpetual futures trading platform, will use real-world market data provided by Data Streams to power its perpetual futures trading protocol. Chainlink’s product, called Data Streams, differentiates itself from traditional oracle platforms that retrieve and verify on-chain data at regular intervals and when certain parameters are met.

Worldcoin’s WorldID Will Be on the Solana Blockchain

Worldcoin Foundation announced a $70K grant to Wormhole to support WorldID authentication on the Solana blockchain. Wormhole further explained the content of the grant, stating that it will seamlessly allow Solana-based protocols to authenticate user identities previously verified on the Ethereum blockchain. The grant awards Wormhole WLD 25,000.

S&P Joins MAS Project Guardian for Asset Tokenization

S&P Global Ratings announced that the Monetary Authority of Singapore (MAS) has joined Project Guardian, which aims to advance asset tokenization in financial markets. The program, which is in its second year, aims to create frameworks and policies for the digital asset economy by focusing on debt securities. S&P Global Ratings will contribute analytical frameworks, risk assessments and benchmarks tailored for digital assets and tokenized markets.

Trump’s Likelihood of Win Rises to 67% After First Debate

Republican candidate Donald Trump’s chances of winning the 2024 elections increased after the debate that took place yesterday. In addition, there is a growing opinion on the platform called Polymarket that President Biden will not be the Democratic candidate or will withdraw from the race. Blockchain-savvy forecasters who are skeptical of President Biden’s performance in the first debate of the 2024 election cycle have put former President Trump’s odds of winning the November election as high as 67%.

Bolivia Officially Legalizes Crypto Payments for Banks

Bolivia lifted its ban on Bitcoin and other cryptocurrencies, allowing banks to deal with digital assets. Additionally, the Central Bank will educate the public on the risks of cryptocurrencies as part of its Economic and Financial Education Plan. Although cryptocurrencies can now be bought and sold through authorized electronic channels, the Central Bank of Bolivia has advised citizens that cryptocurrencies are not accepted as legal tender.



BTC is priced at $61,518 with a 0.29% loss of value as of the morning hours. There was a drop to $ 58,500, but it could not be sustained. The horizontal band has been re-entered. $62,500 appears to be the first resistance level. Closings above this level are required to continue the rise. In case the retreat continues, $58,000 appears as the first support.


ETH is priced at $3446 with a 0.11% loss in value as of the morning hours. $3148 appears as major support. After a drop to $3241, permanence could not be achieved and the upward movement partially started. For the continuation of the rise, permanence above $ 3500 must be maintained. If stability above $3500 is achieved, an increase may occur up to $3750. In the continuation of the retreat, $ 3000 seems to be the strongest support.


As of the morning hours, XRP is priced at $0.4763 with a 0.23% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a movement to the $0.45 level, but it could not be permanent. $0.50 is a critical level and this level must be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.


AVAX is priced at $27.94 with a 0.11% gain in value as of the morning hours. The rise continues after gaining support at $23.50. In case of withdrawals, the 22 and 20 dollar zones can be followed as support. $25.30 seems to hold the price for now. For the rise to continue, the $30 zone must be broken and persistence must be achieved. If $ 30 is exceeded, there may be a rise again up to $ 40. If the retreat continues, $20 is a likely area to act as major support.


SOL is priced at $144.39 with a 3.59% depreciation as of morning hours. When we examine the daily chart, we see that there was a strong movement yesterday with the break of the $ 140 level and although the $ 150 region was tested, it could not be sustained. If the $ 150 level is exceeded in upward movements, the $ 155 level can be targeted. In case of withdrawals, the $ 140 level can be followed as support.


As of the morning hours, LINK is priced at $ 14,280 with a 1.02% loss in value. When we examine the four-hour chart, we see that there is a pricing level of $ 14,300, which we follow as a resistance zone. If there is persistence above this region and the $14,500 region, a movement towards the $15 level may be possible. In case of withdrawals, the $14 level can be followed as support.


ENS is priced at $28.05 with a 3.43% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is an upward breakout movement. If this movement continues and persists above the $28 level, a move towards the $29.50 region may be possible. In downward movements, the $27 region appears as support.


SNX is priced at $2,070 with a 2.48% gain in value as of the morning hours. When we examine the four-hour chart, we see that the ascending triangle formation has been broken upwards. If this movement continues, the $2.20 region can be targeted. In case of withdrawals, the $ 2.05 level can be followed as support.


Ounce of gold is priced at 2326 dollars with a 0.05% loss of value as of the morning hours. There was a decline from $2390 to $2290. The $2290 level is acting as support. There was a break above $2300. $2354 will be the first target. If $2300 is lost, the $2268 area appears as the first support.


As of the morning hours, silver is priced at $29.10 with a 0.41% gain in value. When we examine the four-hour chart, we see that the $28.70 level, which we follow as the support zone, was tested and there was some reaction movement from this zone. If this movement continues upwards, the $29.20 level is followed as an important resistance. If the resistance zone is crossed, the $ 29.50 level can be tested.

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