The Katana Foundation, supported by GSR and Polygon Labs, has launched its private mainnet to address liquidity fragmentation in DeFi. The blockchain, set for a public mainnet release in June, promises higher yields and an optimized yield environment for users. By unlocking latent value in digital assets, Katana aims to make DeFi more efficient and productive, offering a unique ecosystem where assets ‘work harder.’ This initiative could significantly impact the DeFi landscape by improving liquidity and user returns.
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Dogecoin and New Altcoins Set for Potential Price Surge
Dogecoin (DOGE) is speculated to be on the verge of a price surge towards $0.20, having recently increased by 24.66% to around $0.134. Meanwhile, newer altcoins IntelMarkets (INTL) and Neiro (NEIRO) are also gaining traction, with INTL attracting investors through its innovative DeFi platform and NEIRO projected to rise over 220% by November due to significant investor interest.
read moreFranklin Templeton Praises Solana’s Potential for Crypto Market Advancement
A $1.5 trillion asset manager, Franklin Templeton, has praised Solana’s impact and potential, hinting at the possibility of a Solana-based ETF in the US. The firm believes that Solana, alongside Bitcoin and Ethereum, will drive the crypto space forward, citing its major adoption and technological advancements. Other market experts, including GSR Markets and Bloomberg’s Eric Balchunas, also see Solana as a strong contender for the next crypto-based ETF.
read moreCryptocurrency Experts Predict $100 Price for Ripple, Tron, and ETFSwap
Ripple (XRP), Tron (TRX), and ETFSwap (ETFS) are predicted by major market makers to potentially reach $100 in 2025. ETFSwap (ETFS) is backed by major market makers and is expected to revolutionize the ETF solution, while Tron (TRX) is anticipated to see significant growth in its ecosystem utility. Ripple (XRP) also has the potential to achieve a meteoric token price of $100 in 2025.
read moreSolana Expected to Follow Ethereum with New ETF Launch
A Solana ETF is expected to follow the launch of an Ethereum ETF in the United States, with analysts predicting a wave of new crypto-based ETFs. The SEC has sent final instructions to Ethereum ETF issuers, setting the product’s launch date for July 23rd. Experts believe that Solana has the most potential to be the next asset in line for ETF approval.
read moreSpot Solana ETFs Could Lead to 9X Gains After Approval
A market report suggests that the approval of spot Solana Exchange-Traded Funds (ETFs) could potentially lead to significant gains for SOL. GSR Markets predicts a 9X increase in SOL’s value if the ETFs receive 14% of the inflow volume recorded by Bitcoin ETFs. Additionally, 3iQ has applied for a Solana exchange-traded product (ETP) in Canada, which could further impact SOL’s price based on investor inflows. Bloomberg’s ETF analyst, Eric Balchunas, believes the odds of an SOL ETF approval within twelve months depend on a shift in the US administration in 2024.
read moreSolana ETF Potential to Impact SOL Price and Threaten Ether’s Market
Solana’s potential ETF approval could significantly boost its price, with a spot ETF potentially increasing SOL’s value by up to nine times. The network’s rising utility, market capitalization, and staking functionalities make it a strong candidate for ETF approval, as evidenced by VanEck’s recent filing for a Solana-based ETF with the SEC.
read morePotential Impact of Spot Solana ETF on SOL Price in the US
A report by GSR Markets suggests that the approval of a spot Solana exchange-traded fund (ETF) in the United States could potentially drive up the price of SOL by a factor of nine. The firm’s estimates range from a 1.4x to 8.9x price increase for SOL, with the potential for even larger impacts if the ETFs include income from staking rewards. However, Bloomberg ETF analyst Eric Balchunas and others believe that a change in U.S. leadership may be necessary for a spot Solana ETF to be seriously considered, as the SEC has labeled SOL as a security in its lawsuits against Binance and Coinbase.
read moreSingapore Grants Major Payment Institution License to GSR Markets Division
GSR Markets’ Singapore division has obtained a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to offer spot over-the-counter and market-making services for digital assets. This comes as Singapore expands its crypto regulations to address concerns over speculative investments, with the MAS cautioning retail investors against spot Bitcoin exchange-traded funds.
read moreSingapore Grants Major Payment Institution License to Crypto Trading Firm
GSR Markets obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing them to conduct various payment services and exceed volume limitations. Singapore’s regulatory efforts to embrace blockchain technology have attracted several crypto companies to acquire the MPI license. Additionally, MAS has expanded the scope of its Payment Services Act to include custodial services for Digital Payment Tokens (DPTs) and other related activities.
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