BlackRock executives remain silent on SOL ETF plan BTC falls below $91,400
Reprinted from jinse
02/25/2025·2MHeadlines
BlackRock executives remain silent on Solana ETF plan
Although the Solana ETF application boom continues to heat up, BlackRock (with $11.6 trillion in assets under management), the world's largest asset manager, has not yet joined the ranks. BlackRock's iShares brand currently manages two of the largest spot cryptocurrency ETFs: iShares Bitcoin Trust ETF ($55.4 billion) and iShares Ethereum Trust ETF ($3.7 billion).
When asked if BlackRock has plans to launch the Solana ETF, Rachel Aguirre, head of BlackRock's iShares product department, did not disclose specific details, but only stated that the company will follow three core principles: What are customer needs? Is the investment logic valid? Is it suitable to launch in the form of ETFs?
Currently, Franklin Templeton, Bitwise, Grayscale and 21Shares have submitted Solana ETF applications. Bloomberg analysts estimate that the probability of Solana ETF being approved by the U.S. SEC is 70%.
▌ BTC fell below $91,400
The market shows that BTC fell below $91,400 and is now at $91,388.01, with a 24-hour decline of 5.1%. The market fluctuates greatly, please do a good job of risk control.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$91,499.84, with an increase of -5.1% intraday;
ETH's latest transaction price is US$2,506.72, with an intraday increase and decrease of -11.5% ;
BNB's recent transaction price is US$612.27, with an intraday increase and decrease of -7.2% ;
SOL's latest transaction price is US$141.07, with an intraday increase and decrease of -16.4% ;
DOGE's recent transaction price is US$0.2086, with an intraday increase and decrease of -14.3% ;
XPR's recent transaction price is US$2.28, with an intraday increase and decrease of -11.7 % .
policy
▌South Dakota vetoes Bitcoin Reserves Act
At the legislative session on February 24 local time, the South Dakota House Business and Energy Committee decided to postpone the HB 1202 bill until the '41st day' of this legislative session. However, the state's legislative session has only 40 days at most, a move equivalent to vetoing the bill, meaning the state will not include Bitcoin in its official investment option for the time being.
▌Dubai Financial Services Authority Approves USDC and EURC as the first batch of recognized stablecoins
The Dubai Financial Services Authority (DFSA) formally approved Circle's stablecoins USD Coin (USDC) and EURC as recognized tokens, becoming the first batch of approved stablecoins under this regulatory system. The new regulations will enable companies within the Dubai International Financial Centre (DIFC) to use these two stablecoins in a number of digital asset applications such as payments and fund management. Since its inception in 2004, DIFC has attracted nearly 7,000 active businesses and strictly permits only recognized crypto token operations.
▌US SEC may reconsider lawsuits against ConsenSys MetaMask staking service
According to Fox Business reporter Eleanor Terrett, the agency may revisit last year’s lawsuit against ConsenSys over its MetaMask staking service, given the recent focus on the SEC on its pledge business. In addition, the SEC has previously accused ConsenSys of engaging in unregistered brokerage, but the allegation has now been dropped, similar to the allegations dismissed in the Coinbase lawsuit.
Blockchain application
▌ Celo, Chainlink and others launch the USDT cross-chain version "Super USDT" on OP Super Chain
Blockchain infrastructure protocols Celo, Chainlink, Hyperlane and Velodrome launch the USDT cross-chain version "Super USDT" on the OP hyperchain.
The stablecoin will be fully powered by an equivalent USDT reserve locked on Ethereum expansion solution Celo, which implements its cross-chain functionality through Chainlink’s cross-chain interoperability protocol and another open interoperability framework, Hyperlane.
Cryptocurrency
▌View : ETF approval will help Solana break the narrative of "meme chain"
Titan CEO Chris Chung posted a statement that Solana's development from a meme coin narrative to an important blockchain competitor depends on the approval of the Solana ETF, which will bring institutional trust and release its large- scale finance in payments and transactions. Application potential.
The article believes that meme coin has become synonymous with Solana, so that some people in the industry think it is purely a "meme chain". Solana's Pump.fun launchpad has created more than 7.5 million tokens, generating more than 550 million US dollars. income. This is a benefit for the ecosystem, driving infrastructure upgrades and new users’ participation, but Solana’s potential is far more than memecoin, and the approval of the Solana ETF – almost guaranteed this year – is helping Solana position it as capable A catalyst for high-performance blockchains that support large-scale financial use cases, from complex transactions to borrowing, Polymarket traders currently believe the possibility of a fall launch is 85%.
▌Traditional financial giant Citadel Securities plans to become a cryptocurrency market maker
Citadel Securities, the traditional financial giant and the largest market maker on the New York Stock Exchange with a market value of $65 billion, plans to enter the cryptocurrency market maker, betting that President Trump’s support for the crypto industry will bring about a market boom.
Citadel Securities plans to join the market maker list for several trading platforms such as Coinbase Global, Binance and Crypto.com, and may initially set up a market maker team outside the United States.
▌In the past 24 hours, the entire network was liquidated by US$879 million, and more than 294,000 people were exposed.
According to Coinglass data, the total amount of liquidated in the cryptocurrency market in the past 24 hours reached US$879 million, of which US$815 million were long and US$64.2205 million were short. The amount of BTC liquidation reached US$240 million, ETH liquidation was US$187 million, and SOL liquidation was US$98.2312 million. A total of 294,419 people were exposed, and the largest single liquidation occurred in Bitmex's XBTUSD trading pair, with an amount of US$10 million.
▌ Bernstein: Liquidity will flow back from useless meme to DeFi, GameFi and NFT, and it is optimistic about stablecoins and RWA
Bernstein released an analysis report, "Previously, the crypto market was forced to turn to useless meme coins to evade regulatory crackdowns against practical tokens and NFT projects, but analysts expect liquidity to return to DeFi as the Trump administration relaxes regulation. (Decentralized Finance), GameFi and NFT and other practical driving tracks.”
"Trump-nominated crypto-friendly regulator Paul Atkins will take charge of the SEC (to be confirmed by the Senate) and form a crypto task force led by Republican Commissioner Hester Peirce. The SEC agrees in principle to revoke allegations of securities violations against Coinbase and terminate OpenSea All surveys show policy shifts. The continued inflow of ETF funds and the corporate coin hoarding wave led by Strategy will drive Bitcoin to rise in the coming months, and maintain the view that the year-end price target of $200,000 will remain even in the recent market downturn."
"Stablecoins and Real-life Asset Tokenization (RWA) is another focus, especially with the expected implementation of the regulatory framework for stablecoins and digital asset securities. Stablecoins will be the first to affect cross-border B2B payments, interbank settlements and remittances. With encryption, the company will be the first to influence cross-border B2B payments, interbank settlements and remittances. Asset and securities regulation is clear, equity and debt tokenization will open up new paths for corporate financing, and the demand for stablecoins as settlement currencies will also grow. It is expected that stablecoins will expand the potential market for trading platforms and brokers - tokenized equity listing Promote the growth of trading volume and the demand for stablecoins increases the platform's floating money returns.
Important economic trends
▌Trump : The United States receives huge investment of more than $1.63 trillion during its new term
US President Trump posted on social media that the United States received a lot of investment during his tenure as the latest US president. He listed some specific investment projects, including the $14.1 billion bid by Japan Steel, the $20 billion investment by Hussein Sagivani, the $500 billion investment by Apple in four years, and Stargate in four years $500 billion investment and $600 billion investment from Saudi Arabia. The above investment totaled US$1634.1 billion.
▌Google proposes Titans: breaking through computing power limitations and expanding context
Google Research released a new study, Titans. By introducing new neural long- term memory modules, three-head collaborative architecture and hardware optimization design, the context window of the big model is expanded to 2 million tokens with the computing power only 1.8 times. Titans not only solves the computing power bottleneck of the Transformer model in long context processing, but also uses bionic design to simulate the hierarchical mechanism of human memory systems, achieving accurate inference of 2 million tokens for the first time.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%
According to CME's "Federal Observation": the probability of the Fed keeping interest rates unchanged in March is 95.5%, and the probability of cutting interest rates by 25 basis points is 4.5%. The probability of maintaining the current interest rate unchanged by May is 72%, the probability of a cumulative interest rate cut of 25 basis points is 26.9%, and the probability of a cumulative interest rate cut of 50 basis points is 1.1%.
▌Microsoft reiterates plans to invest $80 billion in AI
Microsoft reiterated its plan to invest $80 billion in artificial intelligence (AI), but could "adjust our infrastructure investment in certain areas." TD Cowen previously pointed out in a report that Microsoft has canceled its data center rental plan.
Golden Encyclopedia
▌What is fractal Bitcoin
Fractal Bitcoin is an innovative blockchain expansion solution based on recursive virtualization technology that enhances Bitcoin’s scalability by creating multi-layer network structures while maintaining a secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposed restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem was developing rapidly, there were limitations in on-chain computing power and block space, so the developers proposed that The concept of fractal Bitcoin is expected to solve the shortcomings of the Bitcoin network.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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