Bitwise Chainlink ETF aims to provide investors with direct exposure to LINK and has named Coinbase Custody as the proposed custodian for the tokens.
New Trump-backed SPAC deal creates Trump Media Group CRO Strategy, funded by $1 billion in CRO tokens, cash, warrants and a $5 billion credit line from Yorkville.
Trump Media will buy $105 million in CRO while Crypto.com takes $50 million in DJT stock as part of a partnership that makes the Cronos token central to Truth Social’s rewards system.
On Bloomberg’s “ETF IQ” on Monday, REX Financial chief executive Greg King made his most forceful public case yet for Solana’s role in real-world finance—especially for stablecoins—and explained why his firm built a 1940 Act, staking-enabled ETF around SOL rather than waiting for a traditional ’33 Act spot product. Solana Vs. Ethereum King did not hedge when asked to put the Solana-versus-Ethereum debate into plain language for mainstream investors: “Eth is the second biggest crypto. Solana is basically top five. A lot of people think Solana is the up and comer that will overthrow the area. It is a very controversial debate. I’ve probably made friends and enemies even suggesting that now.” That framing goes to the heart of today’s market divide. Ethereum remains the default base layer for on-chain finance and developer tooling; Solana’s pitch is raw throughput and low-latency UX for payments, consumer apps, and—crucially in King’s view—stablecoin settlement at scale. It’s also the practical rationale for REX’s product design: if the chain’s economics are driven by volume and staking, package both into a regulated fund wrapper that passes yield through to shareholders. Related Reading: Solana Boost – Medical Firm’s $400M Stock Sale Powers New SOL Treasury “Solana is basically faster and more designed for high processing speed. Frankly, when I saw the big debate come out about stablecoins being all built on Eth, I was like, this is a huge oversight. I think Solana is the story of the future as far stablecoins go.” The vehicle implementing that thesis is SSK—the firm’s Solana-forward ETF that stakes SOL and pays a monthly distribution. King characterized staking for non-crypto natives as an income stream tied to network security rather than energy-intensive mining. “It boils down to, for investors, basically an interest rate on your crypto,” he said, noting that on Solana it “varies… somewhere between the 6% to 8% annualized range.” In SSK’s design, those rewards are not trapped inside the fund: “SSK is the first fund to deliver that staking reward through to investors in the US,” he said, adding that the current run-rate distribution is “roughly 5% a year right now,” with the standard caveat that payouts fluctuate. REX Financial CEO Greg King believes Solana is the story of stablecoin’s future over Ethereum. He speaks with @EricBalchunas on “ETF IQ” https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg — Bloomberg TV (@BloombergTV) August 25, 2025 Solana ETF Spotlight A second pillar of King’s argument is structural. He drew a bright line between ’33 Act spot ETPs—long familiar to crypto investors via grantor-trust structures—and the ’40 Act investment-company wrapper REX chose. The latter, he said, is “the better wrapper… more investor safeguards, more flexible.” Related Reading: Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target In practice, that means an actively managed portfolio that can hold SOL directly and via listed instruments while delegating to institutional validators and optimizing for staking capture and liquidity. It also means higher all-in costs than a plain-vanilla equity ETF and concentrated exposure to a single crypto-asset’s volatility—trade-offs the firm acknowledges even as it leans into the yield-plus-beta pitch. The interview also touched on the coming product wave across US exchanges. Bloomberg’s Eric Balchunas flagged the queue of ’33 Act spot applications for tokens with established futures markets, while co-host Katie Greifeld pressed on timing for a “pure spot Solana ETF.” King was cautious on exact dates but not on direction: “I do think we see a bit of an explosion,” he said—then immediately drew boundaries around quality control. “Crypto gets pretty sketchy below the top 10, certainly below the top 20. I think there is some significant picking and choosing that has to happen by issuers there.” Even among majors, he expects “a lot of funds per coin,” with Solana a “great candidate” given its combination of scale, perceived “underdog” status in the race with Ethereum, and comparatively larger staking reward. At press time, SOL traded at $188. Featured image created with DALL.E, chart from TradingView.com
Institutional inflows are driving ETH's price highs, while retail DeFi activity remains subdued compared to previous cycles.
deBridge has integrated Tron, bringing the largest USDT network into its cross-chain routing to allow swaps between Ethereum, Solana and 25+ blockchains.
Recently, the OKB price has shocked the crypto market in August 2025, by giantly soaring over 450% and briefly outpacing Bitcoin and Ethereum in momentum. This became possible as an upgrade turned its supply cap fixed at 21 million; this, combined with the launch of X Layer using OKB as gas, this gave this token …
Trump Media, Crypto.com, and Yorkville America Digital are collaborating to launch a $6.42 billion CRO digital asset treasury, holding about 19% of the circulating supply. This strategic move aims to strengthen their positions within the crypto market and showcase confidence in the Cronos ecosystem. The partnership also includes plans to offer exchange-traded funds (ETFs) focused …
SharpLink's significant Ethereum acquisition could enhance its market influence and impact the broader crypto ecosystem's stability and growth.
The post SharpLink buys $250 million in Ethereum, raising total holdings to nearly 800,000 ETH appeared first on Crypto Briefing.
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force, led by Commissioner Hester Peirce, is holding roundtables across the country to discuss digital assets. Peirce recently confirmed that the next session will take place in Scottsdale, Arizona, on October 28, where industry experts, smaller crypto projects, and other stakeholders will share their perspectives. Next …
Veteran crypto journalist Jon Rice is back at Cointelegraph, where he will chart a new editorial direction and strengthen newsroom integrity.
Spot Bitcoin ETFs in the United States ended a difficult run of redemptions with their first day of inflows in more than a week. According to Coinperps data, the products collectively drew $219 million on Aug. 25, marking a shift in investor sentiment after six consecutive trading sessions of withdrawals. This rebound was led by […]
The post Bitcoin ETFs post $219 million rebound while Ethereum funds attract twice the inflows appeared first on CryptoSlate.
XRP remains one of the top cryptocurrencies in 2025. Its adoption is growing as big institutions use it in traditional finance, while the XRP Ledger makes transactions faster and cheaper, boosting its popularity. XRP is one of the digital currencies that can be used for payments, settlement, and cross-border transactions. More than 60 companies, including …
SharpLink has purchased 56,533 Ethereum (ETH) at an average price of $4,462 each, raising their total holdings to 797,704 ETH. The portfolio is now valued at around $3.7 billion as of August 26, 2025. This strong move reflects SharpLink’s ongoing strategy to build a significant ETH treasury. The company also has about $200 million in …
Bitwise Asset Management has taken a bold step to widen the U.S. crypto ETF market. The firm filed an S-1 with the U.S. Securities and Exchange Commission (SEC) today, seeking approval to launch the Bitwise Chainlink ETF, a fund designed to track the spot price of LINK. If approved, it would be one of the …
Solana co-founder Raj Gokal sees enormous potential in the blockchain’s treasury, saying one major breakthrough could change the entire competitive landscape. Big names like Galaxy Digital, Jump Crypto, and Pantera Capital are working to raise over $1 billion to build major Solana treasuries. This surge highlights confidence in Solana’s fast, scalable platform offering high staking …
Hemi raised $15 million in fresh funding ahead of a planned token generation event, bringing total funding to $30 million.
Crypto markets took a hit over the weekend with Bitcoin and Ether seeing sharp declines. While some see this as a temporary dip before new highs, Bitcoin critic Peter Schiff warns that it could signal deeper trouble for the coin. Let us break down what the analysts are saying and key warning signs to watch …
Animoca Brands has partnered with Antler’s Ibex Japan to launch a Web3 fund aimed at bringing Japan’s anime and manga IP onchain.
A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake. Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day. Related Reading: Bitcoin Rally Slowed By Old-School Whales, Analyst Warns According to CoinGlass, most of those losses came from long bets that could not weather the slide. Liquidations Hit Retail Traders Reports have disclosed that a single large sale helped set off the cascade. Selling pressure intensified as a large holder offloaded 24,000 BTC, triggering a wave of liquidations, said Rachael Lucas, a crypto analyst at BTC Markets. On Coinbase, Bitcoin briefly fell below $109,000 — its weakest level since July 9. Market participants felt the shock fast; traders who were long were the ones most exposed. Macro Signals And Market Reaction A recent hint from Federal Reserve Chair Jerome Powell at Jackson Hole about potential interest rate cuts changed how some investors priced risk. Since August 14, when Bitcoin reached an all-time high just over $124,000, the asset has corrected by over 10%. Based on data, the drop since Powell’s speech is about 7%. The single-day move was measured at close to 3% decline for Bitcoin, and total crypto market value slipped back below $4 trillion to about $3.83 trillion as almost $200 billion flowed out of the space. Ether Is Holding Up Ether traded near $4,340 and, for now, looks steadier than Bitcoin. It did fall, but it did not breach last week’s low. Institutional interest in Ether remains a talking point. According to Lucas, institutions continue to focus on Ethereum, even as traders reassess risk across smaller coins. Related Reading: Solana Extends Streak, Outshines Ethereum in DEX Volume – Details Altcoins Took Bigger Hits Many smaller tokens fell harder than the majors. Solana, Dogecoin, Cardano, Chainlink, and Sui were among the worst hit. That pushed losses beyond the headline Bitcoin numbers and left traders in altcoin-heavy positions nursing larger drawdowns. Thin weekend liquidity served to enhance the price gyrations, making the action more extreme than it would have been on a more active trading day. September’s Track Record And Outlook There is also a historical component to the tale. September has a history of strong pullbacks in bull markets, with strong corrections in 2017 and 2021. Featured image from Meta, chart from TradingView
The prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption.
The conversation around Ripple and Chainlink’s role in Japan’s financial giant SBI Holdings has sparked heated discussions in the crypto space, with many trying to frame the two as rivals. To clear the air, pro-XRP lawyer Bill Morgan stepped in, explaining how both projects actually serve very different purposes within SBI’s strategy, and how, rather …
Asset manager Bitwise has applied to launch a spot Chainlink exchange-traded fund (ETF) in the United States, according to an Aug. 26 filing with the Securities and Exchange Commission (SEC). The proposed fund, called the Bitwise Chainlink ETF, would issue shares representing fractional interests in Chainlink held by the trust. These shares are expected to […]
The post First US spot Chainlink ETF could turn LINK into the next institutional obsession appeared first on CryptoSlate.
Analysts suggest that BTC's price struggles this month are linked to ETF outflows, with a potential bull run into the year-end requiring significant capital inflows.
The millionaire leverage trader was liquidated on his latest DOGE position, as he predicted an end to the current market downturn.
Token demonstrates resilience with institutional support emerging at key technical levels during volatile trading session.
Solana dropped to $186 in the early hours of Aug. 26, erasing 9% despite strong activity across its ecosystem. Data from Binance showed that SOLUSDT saw intraday lows around $185 before recovering toward $188-$189. SOL rallied from $180 on Aug. 21 to a local peak above $213 on Aug. 25, followed by a swift rejection. […]
The post Why Solana plunged 9% just as Wall Street funds circled $2.25 billion appeared first on CryptoSlate.
Your day-ahead look for Aug. 26, 2025
Bitwise filed an S-1 witht the U.S. SEC for a Chainlink ETF that would track LINK’s price as fund issuers aim to bring more crypto funds to market.
Dogecoin’s price may be primed for an explosive uptick, according to analysts, who cite increased interest from whale investors.