According to BlockBeats, Kanav Kariya, the president of Jump Crypto, has stepped down from his position after six years of service at Jump Trading. This news comes just two days after it was reported that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto.

Jump has always been recognized as one of the leading participants in the high-frequency trading sector. In September 2021, the company announced the establishment of its cryptocurrency division, Jump Crypto. However, it remains unclear whether the CFTC is considering levying any charges against the company.

The investigation by the CFTC and the subsequent departure of Kariya from Jump Crypto are significant developments in the cryptocurrency trading industry. However, the specifics of the investigation and any potential charges against Jump Crypto are yet to be disclosed. The impact of these developments on the company's operations and its future direction is also yet to be seen.

According to Odaily, 3iQ, a leading investment fund, has recently submitted documents for the launch of the first Solana Exchange Traded Fund (ETF) in North America. The news was shared by Bloomberg analyst James Seyffart. The proposed ETF is planned to be listed under the ticker symbol $QSOL.This move by 3iQ marks a significant step in the expansion of cryptocurrency-based ETFs in the North American market. The Solana ETF, once approved and launched, will provide investors with a new avenue to invest in the burgeoning cryptocurrency market. The ETF is expected to track the performance of Solana, a high-performance cryptocurrency that has gained significant traction in recent years.However, the launch of the Solana ETF is subject to regulatory approval. The submission of documents is the first step in a series of processes that the fund must undergo before it can officially launch the ETF. The timeline for the approval and launch of the ETF is yet to be announced.The introduction of the Solana ETF by 3iQ is a testament to the growing interest and acceptance of cryptocurrencies in the investment world. It also underscores the potential of Solana as a viable investment option in the cryptocurrency market. The launch of the ETF will undoubtedly contribute to the growth and development of the cryptocurrency market in North America.

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According to PANews, Tether has announced the launch of the 'Alloy Project', a new dollar-pegged stablecoin over-collateralized by Tether Gold (XAU₮). The Alloy Project by Tether was developed by Moon Gold NA, SA de CV and Moon Gold El Salvador, SA de CV, both of which are members of the Tether Group. The first token in the Alloy by Tether series is aUSD₮. This digital currency is designed to track the value of one US dollar.

What sets aUSD₮ apart is that it is over-collateralized by Tether Gold (XAU₮), meaning it is backed by real physical gold stored in Switzerland. This new stablecoin aims to provide a secure and stable digital asset that is tied to the value of the US dollar, while also being backed by a tangible asset, gold, providing an additional layer of security and stability for users.