Crypto holdings could soon count toward U.S. mortgages under a new directive by the Federal Housing Finance Agency. In a directive issued by FHFA director William J. Pulte on June 25, the agency instructed mortgage giants Fannie Mae and Freddie Mac to develop proposals for including cryptocurrency holdings in single-family mortgage risk assessments. Previously, digital assets have not been included in mortgage lenders’ risk models unless they are converted to fiat. This policy marks a major shift in the way borrower reserves may be assessed, possibly enabling crypto assets to be considered when approving loans without first being converted into U.S. dollars. Before implementation, each institution must submit board-approved proposals. Only holdings that can be verified on regulated U.S. exchanges will be taken into consideration. After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. SO ORDERED pic.twitter.com/Tg9ReJQXC3 — Pulte (@pulte) June 25, 2025 The directive called for extra protections to ensure sound underwriting practices and take market volatility into account. Critics have pointed out that the measure does not include self-custodied assets, which might prevent crypto-native users who value decentralization from participating. You might also like: Trump-backed World Liberty Financial plans USD1 stablecoin audit and new app launch Concerns have also been raised about Pulte’s family’s cryptocurrency ties. As of January 2025, his spouse reportedly owned between $500,000 and $1 million in Bitcoin ( BTC ) and Solana ( SOL ). Although there are no accusations of misconduct, the timing has sparked questions about potential conflicts of interest. This is not the first time crypto has been accepted as legitimate collateral in U.S. financial systems. In June, JPMorgan Chase began accepting spot Bitcoin exchange-traded funds, such as BlackRock’s iShares Bitcoin Trust, as loan collateral. Despite not being directly related to cryptocurrency, the exposure represents a big change in policy for a major traditional bank. Federally chartered cryptocurrency bank Anchorage Digital also offers crypto-backed loans through its collaboration with Arch Lending, accepting Solana, Ethereum ( ETH ), and Bitcoin as collateral. At the same time, BlackRock’s tokenized money market fund, BUIDL, is now accepted as collateral for institutional trading on exchanges like Deribit and Crypto.com. These developments show that traditional finance is becoming more comfortable using digital assets as collateral. With the adoption of the FHFA’s crypto directive, crypto-backed mortgages may become a standard in U.S. housing finance, giving holders of digital assets access to greater financial inclusion. You might also like: Kraken unlocks EU market access with MiCA license from Ireland
Invesco and Galaxy have officially filed for a spot Solana ETF with the U.S. Securities and Exchange Commission, marking a significant step in altcoin investment products. The proposed ETF aims
BitcoinWorld Deribit and SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring a $300,000+ USDC Prize Pool Panama City, Panama, June 26th, 2025, Chainwire Deribit , the world’s premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus , a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase. “ The Summer Chase 2025 ” is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world. Competition Details: Total Prize Pool: Over $300,000 USDC and equivalent Competition Dates: June 26 – July 31, 2025 Eligibility: Open to Deribit retail traders trading via SignalPlus Registration Link: https://t.signalplus.com/deribitsummerchase Incentives: Users who register by June 30th will receive 3 free Deribit options. By referring a friend, users can win a Rolex. By inviting a trader, users will have a chance to win a Tesla. Luuk Strijers, Chief Executive Officer at Deribit, shared: “We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills.” Chris Yu, Co-Founder of SignalPlus, added: “We’re proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit’s leading platform, we’re delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.” Competition Highlights: Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, ‘The Summer Chase’ should have something in store for everyone! Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist – 1st place & odd-numbered rankers will receive bonus rewards! Island League Showdown – Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification. Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in USDC.Upsize your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more. Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws. Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams. Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone. Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn! The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today. About Deribit Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency. About SignalPlus SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards. Contact Sidrah Fariq Head of Retail Sales Deribit sidrah@deribit.com This post Deribit and SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring a $300,000+ USDC Prize Pool first appeared on BitcoinWorld and is written by chainwire
Panama City, Panama, June 26th, 2025, Chainwire Deribit , the world’s premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus , a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase. " The Summer Chase 2025 " is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world. Competition Details: Total Prize Pool: Over $300,000 USDC and equivalent Competition Dates: June 26 – July 31, 2025 Eligibility: Open to Deribit retail traders trading via SignalPlus Registration Link: https://t.signalplus.com/deribitsummerchase Incentives: Users who register by June 30th will receive 3 free Deribit options. By referring a friend, users can win a Rolex. By inviting a trader, users will have a chance to win a Tesla. Luuk Strijers, Chief Executive Officer at Deribit, shared: "We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills." Chris Yu, Co-Founder of SignalPlus, added: “We're proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit's leading platform, we're delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.” Competition Highlights: Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, 'The Summer Chase' should have something in store for everyone! Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist - 1st place & odd-numbered rankers will receive bonus rewards! Island League Showdown - Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification. Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in USDC.Upsize your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more. Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws. Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams. Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone. Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn! The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today. About Deribit Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency. About SignalPlus SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards. ContactSidrah FariqHead of Retail SalesDeribitsidrah@deribit.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Australian AI biotech firm Opyl, listed on the ASX, has implemented a strategic move by acquiring approximately 2 BTC, valued at around $214,500, via DigitalX’s Bitcoin ETF. This initiative forms
Panama City, Panama, June 26th, 2025, Chainwire Deribit , the world’s premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus , a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase. " The Summer Chase 2025 " is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world. Competition Details: Total Prize Pool: Over $300,000 USDC and equivalent Competition Dates: June 26 – July 31, 2025 Eligibility: Open to Deribit retail traders trading via SignalPlus Registration Link: https://t.signalplus.com/deribitsummerchase Incentives: Users who register by June 30th will receive 3 free Deribit options. By referring a friend, users can win a Rolex. By inviting a trader, users will have a chance to win a Tesla. Luuk Strijers, Chief Executive Officer at Deribit, shared: "We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills." Chris Yu, Co-Founder of SignalPlus, added: “We're proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit's leading platform, we're delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.” Competition Highlights: Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, 'The Summer Chase' should have something in store for everyone! Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist - 1st place & odd-numbered rankers will receive bonus rewards! Island League Showdown - Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification. Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in USDC.Upsize your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more. Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws. Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams. Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone. Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn! The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today. About Deribit Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency. About SignalPlus SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards. Contact Sidrah Fariq Head of Retail Sales Deribit sidrah@deribit.com
Panama City, Panama, June 26th, 2025, Chainwire Deribit , the world’s premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus , a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase. “ The Summer Chase 2025 ” is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world. Competition Details: Total Prize Pool: Over $300,000 USDC and equivalent Competition Dates: June 26 – July 31, 2025 Eligibility: Open to Deribit retail traders trading via SignalPlus Registration Link: https://t.signalplus.com/deribitsummerchase Incentives: Users who register by June 30th will receive 3 free Deribit options. By referring a friend, users can win a Rolex. By inviting a trader, users will have a chance to win a Tesla. Luuk Strijers, Chief Executive Officer at Deribit, shared: “We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills.” Chris Yu, Co-Founder of SignalPlus, added: “We’re proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit’s leading platform, we’re delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.” Competition Highlights: Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, ‘The Summer Chase’ should have something in store for everyone! Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist – 1st place & odd-numbered rankers will receive bonus rewards! Island League Showdown – Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification. Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in USDC.Upsize your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more. Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws. Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams. Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone. Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn! The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today. About Deribit Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency. About SignalPlus SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards. Contact Sidrah Fariq Head of Retail Sales Deribit sidrah@deribit.com
Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF with the U.S. Securities and Exchange Commission. According to a June 26 filing , Invesco and Galaxy’s proposed fund will offer direct exposure to Solana (SOL), the sixth-largest cryptocurrency by market capitalization. Following the precedent set by Bitcoin and Ethereum ETFs, the proposed Solana fund would hold the asset directly under a commodity trust structure. The fund would trade under the ticker symbol “QSOL” on the Cboe BZX Exchange, with Coinbase Custody set to act as custodian for the underlying Solana assets. The ETF may also stake a portion of its SOL holdings to earn additional token rewards, which would be treated as income to the trust. Wednesday’s submission is a Form S-1 registration statement, which informs the commission of the intent to launch a new security. However, before the ETF can be listed, Invesco and Galaxy must also file a Form 19b-4, which proposes a rule change and initiates the formal review process. The SEC will then determine whether the product meets regulatory standards under the Securities Exchange Act. You might also like: Invesco and Galaxy register Solana ETF trust in Delaware Invesco and Galaxy registered the “Invesco Galaxy Solana Trust” in Delaware earlier this month, kickstarting its regulatory process. Other applicants that have filed for Solana ETFs, including VanEck, Bitwise, Grayscale, and Fidelity, are already awaiting SEC review as momentum builds around altcoin ETFs. So far, the SEC has delayed decisions on several Solana ETF applications and has since requested updates from issuers, but has not ruled out eventual approval. The final decision deadline on many of these filings falls in October. However, Bloomberg analysts James Seyffart and Eric Balchunas have speculated the SEC may act on Solana ETF applications as early as July, with a 90% likelihood of approval. As of now, altcoin ETFs remain unapproved in the United States, with current spot approvals limited to Bitcoin and Ethereum. However, the existence of CME-listed Solana futures and growing institutional interest in the asset have strengthened the case for a spot product. Read more: SEC may approve Solana ETF in coming weeks: report
Bitcoin could be on the verge of setting a new high.
On-chain data shows new investors have been coming into Chainlink (LINK) as the MVRV Ratio signals a potential long-term opportunity for the asset. Chainlink Has Seen Its Total Holder Count Reach A New High In a new post on X, the analytics firm Santiment has discussed about the latest trend in the Total Amount of Holders metric for Chainlink. This indicator measures, as its name suggests, the total number of addresses on the LINK network that are carrying some non-zero balance. Related Reading: Tron’s 374% Profit-Taking Spree Uncovered—Here’s Who Was Behind It Below is the chart shared by Santiment that shows how the value of the metric has changed during the past year. As displayed in the graph, the Total Amount of Holders observed an inflection point earlier this year and has since been climbing up at a notable rate. This suggests that new non-empty wallets are popping up on the network. This kind of trend can arise due to a number of reasons. Fresh investors coming into the space or old ones who sold before making a return naturally contribute to an increase in the indicator. Another factor could be existing users creating new wallets to distribute their holdings or for privacy purposes. In general, all of these could be assumed to be occurring simultaneously to a degree whenever the Total Amount of Holders goes up. As such, the recent uptrend in the metric could indicate that some net adoption (that is, the influx of new investors) has steadily been taking place for Chainlink. Over the past month, 7,903 new non-zero balance addresses have joined the chain, bringing the Total Amount of Holders to a fresh all-time high (ATH) of 769,380. In the same chart, the analytics firm has also attached the data of another indicator: the Market Value to Realized Value (MVRV) Ratio. This metric basically compares how the value held by the BTC investors (the market cap) compares against the value put in by them (the realized cap). In other words, the indicator tells us about the profit-loss balance of the holders. Here, the version of the MVRV Ratio that’s relevant is the 365-day version, capturing the situation of the investors who bought their coins within the past year. Related Reading: Crypto Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound From the graph, it’s visible that the 1-year MVRV Ratio of Chainlink is currently sitting at a negative 17.3%, an indication that these traders are, on average, holding a loss of 17.3%. Generally, however, investors being underwater isn’t actually a bad thing for the cryptocurrency. This is because holders in profit are the ones more likely to participate in selling. As such, Santiment notes that the trend in the 365-day MVRV Ratio could suggest the asset’s “long-term investing timeframe is in an opportunity zone.” LINK Price At the time of writing, Chainlink is trading around $13.15, up more than 2% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com