This week in the world of crypto: the most important news
1. Solana reaches a new historical high
Solana reached an all-time high, confirming its position as one of the most promising cryptocurrencies. At the same time, the SEC is reviewing S-1 filings for Solana-based spot ETFs, according to Fox News reporter Eleanor Terrett, who cited sources familiar with the situation.
2. US Bitcoin Spot ETFs exceed $100 billion in assets
The total net worth of the 12 US Bitcoin Spot ETFs has reached $100 billion. This important milestone was reached amid the rise in Bitcoin price, which is approaching $100,000. ETFs now account for 5.4% of Bitcoin's total market cap.
3. Coinbase to delist wBTC amid Justin Sun's growing influence
4. Goldman Sachs plans to outsource its digital asset platform
Goldman Sachs is exploring the possibility of spinning off its digital asset platform into a separate company. The process could take between 12 and 18 months, subject to regulatory approval.
5. Gary Gensler is leaving the SEC
Securities and Exchange Commission (SEC) Chairman Gary Gensler will end his term on January 20, 2025. The announcement marks the end of a controversial era in US crypto regulation.
6. Cantor Fitzgerald acquires 5% of Tether
Cantor Fitzgerald, which manages a large portion of Tether's estimated $133 billion in reserves, negotiated a 5% stake in the stablecoin issuer over the past year, according to a report published by The Wall Street Journal.
7. Charles Schwab looks into offering direct crypto investments
8. Russia proposes a 15% tax on crypto income
Russia plans to classify cryptocurrencies as property for tax purposes. Thus, revenues obtained from mining and trading will be taxed at 15%, according to a new legislative proposal.
9. Coinbase CEO meets with Donald Trump
10. Robinhood, designated the main opportunity for crypto deregulation
Bernstein's analysis places Robinhood at the top of crypto market. It remains to be seen how these events will impact