It's Friday! In today's newsletter, Solana hits a new all-time high, XRP surges to a three-year peak, Ethereum futures open interest rises to record levels and more.
Meanwhile, Robinhood executive Dan Gallagher rules out leading the SEC as the crypto industry reacts to Chair Gary Gensler's departure.
Let's get started.
Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump's election victory, sparking optimism about a more crypto-friendly U.S. administration.
XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021.
Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant.
U.S. spot bitcoin ETFs have surpassed $30 billion in cumulative net inflows — just 10 months since their January launch.
Financial services giant Charles Schwab plans to expand beyond its current crypto ETF and futures offerings with direct spot trading for clients as soon as regulatory conditions allow — something that could be more likely once pro-crypto President-elect Donald Trump takes office.
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