The U.S. Securities and Exchange Commission is poised to approve Solana spot ETFs as early as next week, with October 6-10 emerging as the likely approval window following the agency’s adoption of new generic listing standards for crypto exchange-traded products. This regulatory shift eliminates the need for individual rule-changing filings, potentially opening the floodgates for multiple cryptocurrency ETFs, though a looming government shutdown threatens to derail the entire timeline by halting all SEC operations.
about Solana ETF Approval Expected Next Week Amid SEC Rule ChangeBlockworks
0 in Finance and 0 in Crypto last weekPlasma’s XPL Token Surges 113% After Mainnet Launch Volatility
Plasma’s XPL token experienced dramatic volatility following its September 25 mainnet launch, crashing before staging an impressive 113% recovery to $1.54. The initial sell-off was driven by airdrop recipients liquidating their positions, but strong fundamental metrics supported the rapid rebound. Despite overall market weakness, XPL’s performance highlights investor confidence in the stablecoin-focused blockchain platform.
about Plasma's XPL Token Surges 113% After Mainnet Launch VolatilityHyperliquid Whale Manipulation Claims Amid HYPE Token ATH
Decentralized exchange Hyperliquid is under scrutiny after analytics firm SpotOnChain reported apparent market manipulation by large wallets on August 27th. The coordinated activity allegedly pumped XPL’s price by 200% to $1.80 before a sharp retrace, resulting in one wallet gaining over $15 million while others lost more than $6.5 million combined. Despite the controversy, Hyperliquid’s native HYPE token reached a record $51.05, and the platform processed $330.8 billion in July volume – surpassing Robinhood’s $237.8 billion across all assets. Blockworks research indicates Hyperliquid generated nearly $100 million in revenue over 30 days, with derivatives activity now representing 14% of Binance’s futures market, up from just 2% a year ago.
about Hyperliquid Whale Manipulation Claims Amid HYPE Token ATHJon Rice Returns as Cointelegraph Editor-in-Chief
Jon Rice, an experienced crypto media professional with leadership roles at multiple specialist publications, has resumed his position as editor-in-chief at Cointelegraph. His return marks a strategic move to implement a fresh editorial vision and enhance the publication’s journalistic standards. Rice brings substantial industry credibility, having co-founded Crypto Briefing, launched Cointelegraph Magazine, and served as editor-in-chief at Blockworks. His reappointment signals Cointelegraph’s commitment to maintaining its position as a leading voice in cryptocurrency journalism through experienced leadership and renewed editorial focus.
about Jon Rice Returns as Cointelegraph Editor-in-ChiefCardano vs Bitcoin: ADA’s 90% Surge Outpaces BTC’s 70% Gain
Cardano’s ADA has surged 90% in the past year, outperforming Bitcoin’s 70% gain, according to founder Charles Hoskinson. He reveals that early backers converted 108,000 BTC (now worth ~$13B) into building Cardano’s network, which now boasts a $30B market cap—2.8x the value of the original BTC reserve. While Bitcoin remains a store of value, Cardano offers staking, smart contracts, and governance features. Hoskinson predicts ADA could grow 100x–1,000x, potentially reaching a $28T market cap, driven by projects like Midnight and DeFi integration. However, such growth depends on real-world adoption and developer engagement. Investors must weigh ADA’s ambitious vision against Bitcoin’s proven track record.
about Cardano vs Bitcoin: ADA's 90% Surge Outpaces BTC's 70% GainNFT Market Surges 20% as CryptoPunks Lead Revival
The NFT market is experiencing a significant rebound, with its market capitalization jumping from $5.1 billion to $6.3 billion in just 24 hours, marking a 20% surge. Daily trading volume skyrocketed by 287% to $37.4 million, according to CoinGecko. Leading the charge are top collections like CryptoPunks, which saw a 16% increase in floor price to 47.5 ETH ($179,000), and Pudgy Penguins, with a 15% rise. Ethereum’s recent 55% price surge over the past month is also contributing to the NFT revival, as experts draw parallels to the 2021 ‘NFT season.’ Animoca Brands’ Yat Siu suggests that a resurgence in NFTs could push Ethereum to new all-time highs, emphasizing their cultural and financial significance.
about NFT Market Surges 20% as CryptoPunks Lead RevivalSolana Leads Q2 2025 Revenue with $271M, Outshines Ethereum
Solana dominated the blockchain revenue race in Q2 2025, recording $271 million—far ahead of competitors like Tron ($165.26M) and Ethereum. According to Blockworks, this marks Solana’s third straight quarter as the top revenue-generating Layer-1 blockchain. The report also highlights bullish technical indicators, suggesting SOL could see a 78% price surge. This performance underscores Solana’s growing adoption and efficiency in decentralized applications and transactions, reinforcing its position as a leading blockchain platform.
about Solana Leads Q2 2025 Revenue with $271M, Outshines EthereumCircle’s Stock Soars 234% in NYSE Debut, Hits $70B Cap
Circle’s (CRCL) stock surged 234% to $103.75 within 30 minutes of its NYSE debut on June 5, causing multiple volatility halts and briefly valuing the company at over $70 billion. The IPO, priced at $31, raised over $1 billion, with Circle selling 14.8 million shares and insiders divesting 19.2 million. The debut ranks among the top 10 IPOs of the past year, according to Bitwise’s Juan Leon. Analysts see the explosive performance as a green light for more crypto IPOs, with industry leaders like Moonrock Capital’s Simon Dedic calling it a validation of long-term value-building in crypto. Banks JPMorgan, Citigroup, and Goldman Sachs priced the stock $3 above its initial range, reflecting strong demand.
about Circle's Stock Soars 234% in NYSE Debut, Hits $70B CapPump.fun Rumored $1B Token Sale Sparks Crypto Debate
Pump.fun, a Solana-based memecoin launchpad, is rumored to be preparing for a $1 billion token sale at a $4 billion valuation, with a 10% airdrop for community members. The speculation began after a June 3 X post and was later supported by a Blockworks report citing anonymous sources. While the platform has not confirmed or denied the rumors, the crypto community remains split on whether such a launch would benefit or harm the broader market. The potential sale highlights the growing influence of instant token creation platforms in the DeFi space.
about Pump.fun Rumored $1B Token Sale Sparks Crypto DebatePump.fun Plans $1B Token Sale Amid Meme Coin Slump
Pump.fun, a breakout Solana-based meme coin platform, is reportedly preparing a $1 billion token sale that would value it at $4 billion, potentially making it crypto’s latest unicorn. The PUMP token launch, hinted to occur within two weeks, may include an airdrop for users. Despite its success—facilitating over 11 million token creations and $517 million in revenue—the platform has seen an 80% drop in volumes since January’s meme coin peak. Meanwhile, the broader meme coin market, including Pepe and Bonk, continues to decline, with many Solana-based tokens labeled as scams. Pump.fun remains competitive by launching its own AMM and mobile app.
about Pump.fun Plans $1B Token Sale Amid Meme Coin SlumpPump.fun Aims for $1B Token Sale at $4B Valuation
Pump.fun, a memecoin launchpad on Solana, is reportedly preparing a $1 billion token sale that would assign it a $4 billion fully diluted valuation, according to Blockworks. The platform allows users to create tokens instantly and has facilitated nearly 11 million token launches. It charges fees for token ‘graduation’ to PumpSwap (0.015 SOL) and trades (0.3%), generating over $732 million in revenue. Pump.fun expanded its offerings with PumpSwap in March, surpassing $100 million in TVL within two months, and introduced a creator rewards program in May, which could have distributed $9 million in SOL rewards based on May’s $18 billion trading volume. The token sale details, including launch structure, remain unclear.
about Pump.fun Aims for $1B Token Sale at $4B ValuationPump.fun Launches Solana Token Creator Rewards
On May 12, Pump.fun rolled out a revenue-sharing program for token creators, enabling them to earn 0.05% of trading volume in Solana (SOL) from PumpSwap transactions. Eligible tokens must be newly created, still trading on Pump.fun’s bonding curve, or previously graduated to PumpSwap. Based on April’s $14.6 billion trading volume, creators could have earned $7.3 million. Rewards are auto-accrued and claimable anytime via the user’s wallet. The update adjusts PumpSwap’s fee structure, with 50% of revenue now going to creators, suggesting a total fee increase to 0.30%. The move comes amid booming activity in Solana-based memecoins, which saw a $6 billion volume surge between March and April.
about Pump.fun Launches Solana Token Creator Rewards