24H Hot Cryptocurrencies and News | The US SEC has accepted multiple spot ETF applications for Solana; Powell states that the Federal Reserve is not in a hurry to cut interest rates (February 12)

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24H Hot Coins and News | The US SEC has accepted multiple Solana spot ETF applications; Powell states the Fed is not in a hurry to cut interest rates (February 12)

  1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-hour Price Change:

  • BNB: +3.24%

  • BTC: -1.88%

  • ETH: -3.43%

  • SOL: -2.24%

  • DOGE: -1.8%

  • LAYER: +575.4%

  • CREAM: -0.56%

  • TRUMP: -4.88%

  • PEPE: -1.75%

  • TST: -2.55%

24H Price Increase Ranking (Data Source: OKX):

  • PRQ: +33.9%

  • ULTI: +15.58%

  • MAJOR: +11.23%

  • USTC: +10.45%

  • DUCK: +9.29%

  • NC: +8.23%

  • RPL: +7.99%

  • BERA: +7.51%

  • RACA: +6.49%

  • QTUM: +6.45%

  1. On-chain Hot Meme Top 5 (Data Source: GMGN):
  • 8CHAN

  • Duo

  • FECAL

  • Ume

  • HarryBōlz

  1. 24H Hot Search Coins

LAYER: LAYER is the governance token of Solana's re-staking protocol Solayer, which was launched on Binance for spot trading yesterday. The total supply is 1 billion tokens, with a circulating amount of 210 million USD. The current price is reported at 1.38 USDT, with a market cap of 282 million USD.

Duo: Duo is the mascot of the web2 free learning education company Duolingo. Yesterday, the official Twitter account announced that Duo has passed away (likely a joke), which sparked a lot of reactions from celebrities on Twitter. The meme coin Duo on Solana saw its market cap exceed 10 million USD, but has now fallen back to around 6 million USD.

Headlines

The US SEC has accepted Solana spot ETF applications from 21Shares, Bitwise, Canary, and VanEck

Multiple institutions have submitted applications for Solana spot exchange-traded funds (ETFs) to the US Securities and Exchange Commission (SEC), which has confirmed receipt and acceptance of the relevant documents. The Cboe BZX exchange submitted a proposed rule change form to support the listing and trading of Solana spot ETFs issued by 21Shares, Bitwise, Canary Capital, and VanEck. Previously, these companies' Solana ETF applications had been rejected. Bloomberg ETF analysts James Seyffart and Eric Balchunas stated on Monday that they believe the likelihood of the SEC approving a Solana ETF is 70%. Franklin Templeton also seems ready to join the competition for Solana ETFs, as the company submitted documents in Delaware on Tuesday to register the Franklin Solana Trust.

Federal Reserve Chairman Powell: The Fed does not need to rush to cut interest rates

Federal Reserve Chairman Powell conveyed a simple message to Congress during a two-day hearing that began on Tuesday: due to strong economic performance, the Fed can take its time deciding when and whether to cut interest rates. According to prepared remarks, Powell will tell senators on the Senate Banking Committee: "Given that our current policy stance is not as restrictive as it once was and the economy remains strong, we do not need to rush to adjust our policy stance." Powell also defended last year's interest rate cuts, stating they were a necessary adjustment to the policy stance in response to improving inflation and cooling labor market conditions. Looking ahead, he said that if inflation does not continue to decline to target levels and the economy remains stable, the Fed may keep interest rates unchanged for a longer period. Powell noted that if the labor market unexpectedly weakens or inflation falls faster than expected to the 2% target, the Fed may cut rates. (Jin Shi)

Solayer Foundation: LAYER airdrop claims have begun and will last for 30 days

According to official news, the Solayer Foundation announced that LAYER airdrop claims began on February 11 at 20:00 and will last for 30 days until March 4, 2025, at 20:00. The claim window is open for early and eligible community members, with the LAYER tokens from the Genesis Drop unlocking immediately upon launch, while subsequent LAYER tokens will be available for claim in cycles over the next 6 months. Users who do not initiate claims during this period will lose their tokens, and unclaimed LAYER will be redistributed for future airdrops.

Industry News

The US SEC opens a 21-day public comment period for the Canary Solana ETF

The US Securities and Exchange Commission (SEC) opened a 21-day public comment period for the proposed Canary Solana ETF in a regulatory filing on Tuesday, which aims to bring SOL investments into mainstream finance. This document effectively sets a timeline for Canary Capital's proposed investment vehicle. Within 21 days, the SEC will make a ruling (approve or reject) or extend the deadline to postpone the decision. Crypto market observers are generally optimistic about the approval of SOL and other altcoin ETFs in 2025, but the specific timing and order remain unclear.

Federal Reserve Chairman Powell: Now is the time to re-examine the issue of de-banking in the crypto industry

Federal Reserve Chairman Jerome Powell stated that given the criticism of the crypto industry being excluded from banking services, now is the time to "re-examine" the issue of de-banking. During a Senate Banking Committee hearing on Tuesday, the committee's chairman, Republican Senator Tim Scott from South Carolina, asked Powell if he would work with him to ensure that financial regulations do not impose more burdens than necessary. Powell replied, "I commit to working with you to address this issue. We are indeed working to avoid creating excessive burdens, and frankly, I think it is fair to re-examine the issue of de-banking. We do not intend to do this, but sometimes regulation leads to certain outcomes, and we need to improve on that."

The Ukrainian government plans to legalize cryptocurrency before this summer

Ukrainian senior lawmaker Danylo Hetmantsev stated that Kyiv hopes to "legalize" cryptocurrency before this summer, with the main text of the relevant bill fully prepared. Hetmantsev is the chairman of the Ukrainian Parliament's Committee on Finance, Taxation, and Customs Policy.
Lawmakers are still discussing several issues, including how regulators and law enforcement will apply "financial monitoring" methods to cryptocurrency transactions. Additionally, the bill's designers must complete tax-related matters before the draft is submitted to the Parliament.

3iQ plans to list the 3iQ Solana Staking ETF and 3iQ XRP ETF in Canada

3iQ submitted a preliminary prospectus to the Ontario Securities Commission and other Canadian regulators on January 28, planning to list the 3iQ Solana Staking ETF and 3iQ XRP ETF on the Toronto Stock Exchange. If approved, they will become the world's first exchange-traded funds offering exposure to Solana and XRP. 3iQ is a global digital asset investment management company managing 1 billion USD in assets. Toronto-based Sol Strategies announced on Tuesday that it has been selected as the staking provider for 3iQ Corp.'s Solana Staking ETF. As of January 31, Sol Strategies and its subsidiaries held a total of 189,968 SOL, with an average acquisition price of about 179 USD per share.

Oklahoma Council passes a bill to establish a "strategic Bitcoin reserve"

Satoshi Action Fund co-founder Dennis Porter posted on X that the Oklahoma Council has passed a bill to establish a "strategic Bitcoin reserve."

Franklin Templeton registers Solana Trust in Delaware

Asset management company Franklin Templeton has registered a trust linked to the proposed Solana spot ETF in Delaware, indicating that it may soon consider launching the fund in the US.
Documents submitted to Delaware corporate regulators show that the "Franklin Solana Trust" was established on February 10 by CSC Delaware Trust Company, which has registered crypto trust products for other asset management companies like Bitwise.

Project News

Wintermute may be one of the market makers for Binance HODLer airdrop project $LAYER

According to monitoring by ai_9684xtpa, Wintermute may be one of the market makers for Binance HODLer airdrop project $LAYER. The Solayer project team transferred 8.5 million tokens to address FzPL4…KkreF about 40 minutes ago, likely for liquidity management; nearly 750,000 tokens have been transferred to the Wintermute associated address GryEL…GuBPF, and 600,000 tokens have been deposited into various exchanges (this address has had frequent interactions with Wintermute and is also a market maker for $PENGU, with matching characteristics). As the tokens are still being transferred, the specific number of market-making tokens cannot be confirmed at this time.

Uniswap Labs: Layer2 network Unichain mainnet is now live

According to official news, Uniswap Labs announced that the Layer2 network Unichain mainnet is now live, allowing users and developers to build and use DeFi applications and tool ecosystems on Unichain. Nearly 100 crypto products and protocols, including Uniswap, Circle, Coinbase, Lido, and Morpho, have been built on Unichain—many of which are already live today, with more to come in the coming weeks.

Binance will remove multiple margin trading pairs on February 17, 2025

According to an official announcement, Binance will remove the following margin trading pairs on February 17, 2025, at 06:00 (UTC): Cross-margin trading pairs: HMSTR/FDUSD, SAGA/BTC; Isolated margin trading pairs: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC. Users must close positions in the relevant margin trading pairs and transfer assets to their spot accounts before February 17, 2025, at 06:00 (UTC). Binance will suspend the lending function for the above isolated margin trading pairs on February 12, 2025, at 06:00 (UTC).

Trump family's crypto project WLFI partners with Ondo Finance to promote the adoption of tokenized RWA

The Trump family's crypto project WLFI and Ondo Finance announced a strategic partnership to promote the adoption of tokenized real-world assets (RWA) and bring traditional finance on-chain. As part of the collaboration, WLFI is exploring the integration of Ondo's tokenized assets as reserve assets into the WLFI network, including the US Dollar Yield token (USDY) (for non-US persons only) and Short-Term US Government Treasuries (OUSG). WLFI also plans to integrate Ondo's upcoming USDY, OUSG, and tokenized securities into the WLFI platform to provide its users with lending and margin trading.

WLFI launches strategic token reserve "Macro Strategy" to support crypto projects like Bitcoin and Ethereum

The Trump family's crypto project WLFI announced the launch of the Macro Strategy to establish a strategic token reserve supporting mainstream cryptocurrencies like Bitcoin and Ethereum, driving global financial transformation.

Investment and Financing

Tether announces strategic investment in Zengo Wallet

According to official news, Tether announced a strategic investment in the self-custody crypto wallet Zengo Wallet to enhance global stablecoin adoption. This investment will enable Zengo to support Tether stablecoins across major blockchain ecosystems, with the specific investment amount not yet disclosed.

Decentralized finance platform Legends completes $15 million financing, a16z participates

Decentralized finance platform Legends announced the completion of $15 million in financing, with participation from a16z and Coinbase Ventures. It is reported that Legends aims to become a more useful self-custody wallet than existing wallets like Metamask or Coinbase Wallet. (Fortune)

People & Voices

CZ: BNB Chain is undergoing an upgrade, details will be announced soon

CZ posted on X, stating: "I heard that a BNB Chain upgrade is underway. More details will be released soon."

Musk changes X account nickname to Harry Bōlz

Musk changed his X account nickname to Harry Bōlz.

Michael Saylor: Strategy's financial operations have generated 18,527 BTC in profits so far this year

Michael Saylor posted on X, stating that Strategy's financial operations have generated 18,527 BTC in profits so far this year, equivalent to $1.8 billion in shareholder returns.

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