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Here are the latest cryptocurrency market news for August 21, 2024:

SEC rejects Solana ETFs: The U.S. Securities and Exchange Commission (SEC) has rejected ETF proposals for Solana, citing concerns about its classification as a security. Despite this setback, issuers like 21Shares and VanEck remain committed to pursuing their claims​ (Cointree).

Floki hits hard with Premier League partnerships: Floki, a cryptocurrency focused on the gaming and derivatives ecosystem, has signed sponsorship deals with English Premier League clubs like Nottingham Forest and Sunderland AFC. These partnerships have contributed to a 10% increase in the value of the token #FLOKI? $ETH $$SOL

, which continues to gain visibility​ (Cointree).

Institutional investors remain loyal to Bitcoin: Despite recent volatility, over 60% of major hedge funds continue to invest in Bitcoin via ETFs. This trend is a testament to the growing confidence in Bitcoin as a key investment asset​ (Cointree)​ (Coinbase).

These insights show a market in flux, with regulatory challenges and continued growth opportunities.