BITPRISMIA
The SEC's recent guidance on liquid staking tokens clarifies that certain activities may not be classified as securities, potentially enabling greater institutional innovation and product development in the crypto market.
The SEC has clarified that certain liquid staking practices may not qualify as securities offerings, signaling a shift in regulatory approach under Chair Paul Atkins, which could impact the crypto market and ETF approvals.
Jito Labs and VanEck have launched a Solana-based liquid staking solution to enhance liquidity and regulatory compliance in DeFi, leveraging Solana's high throughput and low fees.
Solana stakeholders are advocating for the SEC to consider liquid staking for Solana ETPs, highlighting its potential to improve liquidity and capital efficiency while addressing regulatory challenges.
Jito Labs and partners advocate for the use of Liquidity Staking Tokens (LSTs) in Solana ETFs to enhance liquidity and flexibility, as outlined in a joint letter to the SEC addressing 8 Solana ETF applications filed in June 2024.
Coinbase's addition of Bio Protocol (BIO) and Euler (EUL) to its listing roadmap caused immediate price surges, while Bithumb's listing of Chainbase (C) also led to significant market reactions.
The REX-Osprey Solana ETF, launched on July 2, 2024, is the first U.S. crypto ETF to distribute 100% of staking rewards to shareholders, leveraging JitoSOL for liquidity and yield.
Solana's 2027 roadmap focuses on addressing market microstructure challenges through innovations like ACE and BAM, alongside infrastructural upgrades such as DoubleZero, aiming to enhance transaction control and network performance for internet capital markets.
Solana is considering increasing its block capacity to 100 million compute units to enhance network performance, accommodate higher transaction volumes, and maintain competitiveness in the blockchain ecosystem.
An amended lawsuit alleges unlicensed casino operations involving Pump.fun and Solana partners, broadening legal claims under RICO, fraud, and unjust enrichment, while highlighting market volatility and investor concerns.