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Asset manager Bitwise’s decision to set a 0.20% fee on its amended US-based Solana ETF application, which now includes staking, may be a sign of how competitive the product could get among ETF issuers, according to ETF analyst Eric Balchunas.“Thought we’d see higher first, need war to get this low,” Balchunas said in an X post on Wednesday. “They prob figured it’s gonna end up there anyway, so just do it now,” he said, adding it is a “veteran Terrordome move right there.”Bitwise amended its filing with the US Securities and Exchange Commission on Wednesday, updating the proposed Solana (SOL)…

Bitcoin BTC$122,083.49 is unlikely to enter a bear market in the coming months as supportive monetary conditions are expected to prevail, effectively rendering the traditional four-year halving cycle obsolete, according to Arthur Hayes, chief investment officer and co-founder of Maelstrom.In an essay titled “Long Live the King!” published Thursday, Arthur Hayes argued that the primary catalyst behind previous bitcoin bear markets in 2014, 2018, and 2022 was monetary tightening in major economies, not the four-year halving cycle. On each of these occasions, bitcoin’s price plunged by 70% to 80% from its bull market peak.CoinDesk made a similar point in 2023,…

The Ethereum Foundation is making privacy a formal pillar of its roadmap, expanding research efforts into a dedicated cluster that now covers private payments, proofs, identity, and enterprise use cases.Ethereum has supported privacy research through its Privacy and Scaling Explorations (PSE) team since 2018, with experiments like Semaphore for anonymous signaling, MACI for private voting, zkEmail and zkTLS, and the Anon Aadhaar project.These have become reference points for developers across the ecosystem, spawning hundreds of forks and integrations.The new “privacy cluster,” coordinated by Igor Barinov, brings these experiments under a single umbrella alongside new initiatives, per a Wednesday blog post.Those…

Key takeaways:XRP eliminates pre-funding and speeds up cross-border remittances, making it useful in emerging markets.Loyalty and travel programs are bringing XRP into daily life, turning it from an investment asset into a practical payment option.Institutions like SBI and Santander add credibility by holding XRP reserves and exploring settlement use cases.With the SEC case resolved and global clarity growing, XRP now has the legal certainty and network reach to expand adoption.XRP (XRP), the native digital asset of the XRP Ledger (XRPL), has often been discussed in terms of speculative gains or losses. But its significance goes deeper once you factor in…

XRP spiked above $2.90 on double-average volume before profit-taking reversed gains, leaving price back at $2.85. A fresh supply zone formed at $2.92–$2.93, while the $2.85 floor is now under scrutiny as macro headwinds weigh on flows.News BackgroundXRP rallied 2% intraday on Oct. 8, jumping from $2.88 to $2.93 at 17:00 on 86.6M turnover — nearly double the 24-hour average of 48.3M. The move coincided with heightened geopolitical tensions and central bank maneuvering, which fueled broader volatility across risk assets. Traders noted that despite stronger institutional adoption trends, profit-taking dominated into the U.S. close.Price Action SummaryXRP traded a $0.08 corridor…

Part of the project’s long-planned post-FTX comeback, the token will have 20% of its circulating supply allocated to former Mercurial stakeholders.Meteora, a decentralized liquidity protocol, has unveiled tokenomics for its upcoming token, MET. The MET token generation event (TGE), scheduled for Oct. 23, is part of the team’s broader “Phoenix Rising Plan,” marking what it describes as a clean start after its rebrand from Mercurial, a long-planned move made to distance itself from the collapse of FTX.In a blog post on Tuesday, Oct. 7, the Meteora team unveiled its so-called “Liquidity Generation Event,” which turns all early supporters and partners…

Ethereum Foundation creates Privacy Cluster team to strengthen onchain privacy

Binance co-founder Changpeng “CZ” Zhao’s new venture, YZi Labs, has announced a $1 billion Builder Fund to accelerate innovation across the BNB Chain ecosystem, marking one of the largest ecosystem growth initiatives in recent months.Source: XThe fund will offer up to $500,000 per project for developers working across key sectors like DeFi, AI, real-world assets (RWA), decentralized science (DeSci), payments, and wallets. Beyond capital, selected projects will gain access to Season 2 of EASY Residency, a global incubator program expanding to major cities to connect founders with mentors and investors across borders.The announcement comes as BNB Chain hits new milestones.…

Uganda has launched a central bank digital currency (CBDC) pilot as part of a broader tokenization effort across the African nation, while its neighbor Kenya is on the verge of enacting a crypto regulation bill. Blockchain financial infrastructure company the Global Settlement Network (GSN) has partnered with Ugandan developer Diacente Group in an initiative to tokenize $5.5 billion of real-world assets, which also includes a CBDC pilot, the companies announced on Wednesday. It comes as Kenya’s virtual asset service providers (VASP) bill passed through the country’s parliament on Tuesday and now awaits President William Ruto’s signature to become law. Kenya’s VASP bill passed…

Binance has updated its risk labels, adding Wanchain (WAN) to the Monitoring Tag list and removing several tokens from both Monitoring and Seed Tags. The update, effective October 9, signals a potential for future Binance delistings and has triggered a double-digit price drop for WAN.These changes reflect the exchange’s ongoing efforts to protect users and maintain transparency. While some tokens now face closer scrutiny, others have demonstrated stability and cleared recent risk reviews.Sponsored SponsoredWAN Token Hits New Record Low Following Binance Monitoring Tag UpdateIn the latest update, Binance notified users that it has extended Monitoring Tag to WAN token. The…