🔥 BitDegree partnered with Ogvio - a free international money transfer service! Join the waitlist & grab Rewards! 🎁

Solana just made ETF history

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

Plus: Bitcoin's latest debate has people fired up

Welcome Ogvio

The future of sending money starts with Ogvio - be among the first to experience it!

Join the waitlist NOW! 🚀

GM. Crypto gossip spreads quicker than watermelon seeds at a summer picnic.

Let's dig into the fruit bowl and see what's truly worth biting into:

🍍 Solana ETF launch;

🤼‍♂️ Bitcoin's data tug-of-war;

🍋 Circle expands stablecoins in Europe, Canada unveils stablecoin rules + more

Divider

🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.91T 0.28% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $115,539.93 0.42% 2.90%
Ethereum Ethereum ETH $4,139.82 -0.61% 2.57%
XRP XRP XRP $2.64 -0.48% 5.60%
BNB BNB BNB $1,141.69 0.01% 3.81%
Solana Solana SOL $200.22 0.10% 3.76%
Prices as of 11:00 AM EST. Click here to see live data.

You ever show up to a friend's BBQ expecting the usual hot dogs and end up getting wagyu sliders instead? 🧑‍🍳

That's Solana rn - serving the surprise of the season.

The whole crypto market's been chilling, chips-and-dip vibes. Then booyaka - Bitwise launched the first US spot ETF for SOL.

Solana price chart from BitDegree, 10-28

Source: BitDegree

This means for the first time, traditional investors can buy Solana directly through a regulated ETF, no wallets or crypto exchanges required.

And here's what makes this ETF spicy: it includes staking rewards - meaning investors can earn yield just by holding.

That's a first for a US spot crypto ETF, and Wall Street loves a passive income stream.

So, this whole thing could be huge. Analysts are talking billions in potential inflows - up to $6B, according to early estimates.

Source: Eric Balchunas

One thing, though: everyone knows these kinds of launches are bigger when giants like BlackRock get involved.

If they stay on the sidelines, it takes some excitement out of it.

But even without that, being first counts for a lot, especially with the staking kicker.

So yeah, new money, new players, and a new chapter for Solana 🔥

Divider

🥝 Memecoin harvest

This just in: your cousin's favorite cat coin is up 🐈

Data as of 10:12 AM EDT.

Check out these memecoins and plenty more here.

Divider

🤼‍♂️ Bitcoin's data tug-of-war

I think we've all been in a group chat where half the people wanna keep things strictly about plans, while the other half can't resist dropping memes or hot takes on random topics.

A similar tug-of-war energy is now pulsing through Bitcoin.

Only this group chat is global, and the argument's about what Bitcoin should be - pure digital money or an open space for experiments.

Picture of a kid in a tug-of-war

So, what's the fuss?

Well, there's this thing called BIP-444 (Bitcoin Improvement Proposal 444) - a new rule idea that would restrict how much non-transaction data (like NFT inscriptions or extra messages) can be stored inside Bitcoin blocks.

The goal? Keep Bitcoin clean and efficient.

However, not everyone's buying it.

Chun Wang, co-founder of the massive mining pool F2Pool, called BIP-444 a "bad idea" and said he won't support any proposal that adds those limits.

To Wang, Bitcoin's beauty is its openness.

Once you start banning certain uses, you're on a slippery slope toward centralization and away from the "anyone can build anything" ethos that made Bitcoin unstoppable in the first place.

Chun Wang's tweet about BIP-444

Source: @satofishi

Now, this isn't just some nerds arguing over code. It's the same philosophical tug-of-war that's defined crypto for years:

👉 Team Order: keep Bitcoin simple, clean, and focused on payments;

👉 Team Chaos: let people innovate, even if it means weird experiments and some bloat.

Both sides want Bitcoin to thrive - they just disagree on what "thriving" looks like.

And just like that group chat, no one's leaving anytime soon.

Divider

🍋 News drops you can't miss

📚 BitDegree launched a new Web3 Mission called Ledger Nano Gen5: The New Playful Signer. If you finish all the rounds, you can pocket up to 3,000 Bits.

🏦 Circle's teaming up with ClearBank in the UK to make stablecoins like USDC way easier to use across Europe. They're rolling out a bunch of projects together, so you'll probably see more stablecoin options popping up soon.

🇨🇦 Canada's about to drop fresh stablecoin rules, with the details likely coming in the budget next week. Officials have already been bouncing ideas around with banks and regulators to get it sorted out.

⚖️ An Indian court settled a fight between a WazirX user and the exchange after a hack in 2024 hit the user's crypto. This decision might shake up how crypto platforms in India deal with complaints after security breaches.

Divider

🍌 Juicy memes

Meme about the humor in financial portfolio performance using shape names.

Source: @alifarhat79

Meme about the irony of youthful advice from an older-looking person on cryptocurrency.

Source: @dogeofficialceo

Meme about sleeplessness and financial anxiety over Bitcoin ownership.

Source: @dubzyxbt

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

Loading...
binance
×
Verified

GET EARLY REWARDS

Join Ogvio Waitlist
Rating
5.0