Coinbase CEO Brian Armstrong announced the resolution of Solana transaction delays on their platform, assuring users that transactions are now processed quickly and canceled ones can be retried. He emphasized the commitment to provide equal development support for Solana alongside Bitcoin, Ethereum, and Base, following recent disruptions caused by high trading demand. Armstrong acknowledged the need for improved systems to handle surges in activity, particularly during events like the recent spike in demand for Donald Trump-themed memecoins.
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Block aims for S&P 500 inclusion as first Bitcoin treasury firm
Block, founded by Jack Dorsey, is on track to become the first Bitcoin treasury firm to enter the S&P 500 after meeting the necessary criteria, including a market cap exceeding $18 billion and positive earnings. The decision for inclusion ultimately lies with the S&P Index Committee, which considers various qualitative factors. Currently, Block holds 8,211 BTC valued at over $770 million, reinforcing its commitment to Bitcoin as central to its mission.
about Block aims for S&P 500 inclusion as first Bitcoin treasury firmGrayscale Rebalances Funds Increasing Bitcoin and Ethereum Allocations
Grayscale Investments has restructured its Digital Large Cap Fund, allocating 90% to Bitcoin and Ethereum while replacing Avalanche with Cardano, which has seen a 75% price increase over the past year. Additionally, the GSCPxE Fund now includes Sui, while the AI Fund diversifies across various crypto projects. Grayscale is also seeking to convert its Solana Trust into a spot ETF on NYSE Arca to enhance investor access.
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