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Sol and XRP ETFs Incoming? 🤨

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coinmarketcap.com

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Mon, May 27, 2024 11:20 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRoNvF2P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWFsaGlxeXptMjZjblcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   After months of waiting, the crypto community finally has something major to celebrate – the SEC's approval of spot Ethereum ETFs. This big decision created a lot of excitement and speculation in the industry, especially last week. However, the Ethereum ETF approval didn't go completely smoothly. In a classic case of "buy the rumor, sell the news," Ethereum's prices actually dropped shortly after the public announcement. While this price dip may seem concerning, analysts remain optimistic that it's just a temporary setback. With the Ethereum ETF now a reality, talks have picked up about the potential for other major cryptocurrencies to get their own ETFs, and Solana and XRP are currently at the center of these discussions. So let’s discuss this discussion in detail along with other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: - Bitcoin whales are back, stacking up BTC in anticipation of a bull run. But do their actions really [trigger bull runs](~/AAQRxQA~/RgRoNvF2P0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi13aGFsZXMtZGlzcGxheS1idWxsLW1hcmtldC1iZWhhdmlvci13aXRoLXN0cm9uZy1idXlpbmctc3ByZWU_bGlkPTd4dnlwY3Z5ZmV1blcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)? 🐳 - Ethereum ETF approval set to trigger a tokenization trend on the Ethereum blockchain. But [how exactly](~/AAQRxQA~/RgRoNvF2P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3BvdC1ldGhlcmV1bS1ldGYtYXBwcm92YWwtYm9sc3RlcnMtYXNzZXQtdG9rZW5pemF0aW9uLW9uLWV0aGVyZXVtLWJsb2NrY2hhaW4_bGlkPW94bTZndGhoc3lsalcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)are these two related? 🏭 - Sol and XRP ETFs could be next, according to Standard Chartered. But why does the bank believe this, and [did they get insider intel](~/AAQRxQA~/RgRoNvF2P0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhbmRhcmQtY2hhcnRlcmVkLXNvbGFuYS14cnAtZXRmcy1jb3VsZC1iZS1uZXh0P2xpZD1lbWxvMGlxMWR1c2FXA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)? 🕵️‍♀️ - Hackers are pumping cryptocurrencies by compromising influencer accounts. But which coins [got promoted](~/AAQRxQA~/RgRoNvF2P0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvb3JjaGVzdHJhdGVkLXdhdmUtb2YtaGFja3MtdGFyZ2V0aW5nLWNyeXB0by1pbmZsdWVuY2Vycy1hbmQtY2VsZWJyaXR5LXgtYWNjb3VudHM_bGlkPTJyN2h5OWZjYjBnY1cDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~), and who else got hacked? 🦹‍♂️ - Aptos overtakes Solana with a staggering 115.4 million transactions in a day, thanks to a viral game. But [what's the game](~/AAQRxQA~/RgRoNvF2P0SEaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXB0b3MtYmxvY2tjaGFpbi1zZXRzLW5ldy1kYWlseS11c2VyLXRyYW5zYWN0aW9uLXJlY29yZC1zdXJwYXNzaW5nLXNvbGFuYT9saWQ9eW50cGU0bjlhazM0VwNzcGNCCmZGdmxUZjh8E4BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~), and is it really that big? 🎮 And with that, let's dive into the details behind each of today's top stories! MARKET OVERVIEW GLOBAL MARKET CAP $2.57T ▼0.02% (24h) 24H MARKET VOLUME $69.12B ▲31.22% (24h) BITCOIN’S DOMINANCE 52.47% ▼0.47% (24h) FEAR & GREED INDEX 64 Greed [Bitcoin] Bitcoin $68,573.37 ▼0.89% (24h) [Ethereum] Ethereum $3,908.34 ▲2.49% (24h) [BNB] BNB $602.49 ▲0.09% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoNvF2P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTNobDFwM3MzbXc1clcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoNvF2P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9MzlhY2sxb3UwZnE3VwNzcGNCCmZGdmxUZjh8E4BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoNvF2P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1oY3ppMXRxY3BzbnlXA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoNvF2P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTl2aWRqcjNkYW56NFcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 27 May 2024 11:15 UTC TOP GAINERS 24H% [MAGA PEPE] [MAGA PEPE](~/AAQRxQA~/RgRoNvF2P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hZ2EtcGVwZS9XA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲576.98% [MAGA (Solana)] [MAGA (Solana)](~/AAQRxQA~/RgRoNvF2P0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hZ2Etc29sL1cDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲575.29% [MileVerse] [MileVerse](~/AAQRxQA~/RgRoNvF2P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21pbGV2ZXJzZS9XA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲418.26% TOP LOSERS 24H% [LGCY Network] [LGCY Network](~/AAQRxQA~/RgRoNvF2P0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2xnY3ktbmV0d29yay9XA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.08% [Independence Token] [Independence Token](~/AAQRxQA~/RgRoNvF2P0Q4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2luZGVwZW5kZW5jZS10b2tlbi9XA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼98.12% [NORMIE] [NORMIE](~/AAQRxQA~/RgRoNvF2P0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL25vcm1pZWJhc2UvVwNzcGNCCmZGdmxUZjh8E4BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.51%   Bitcoin Whales Are Feasting Again! The Bitcoin whales, those massive holders swimming in the ocean of digital gold, are back with an appetite. And you know what that means? Things are heating up. After a brief post-ATH break in March, these whales have resumed their buying spree. CryptoQuant, the market intelligence firm that keeps tabs on them, reported a surge in the 30-day percentage change in whale address holdings. Translation? The whales are stacking up on BTC. But do we have any proof that this whale behavior triggers a bull run? [Read the full story](~/AAQRxQA~/RgRoNvF2P0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi13aGFsZXMtZGlzcGxheS1idWxsLW1hcmtldC1iZWhhdmlvci13aXRoLXN0cm9uZy1idXlpbmctc3ByZWU_bGlkPTBub25ldnZxZnZoZlcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Ethereum ETF Approval To Trigger the Tokenization Trend The recent approval of spot Ethereum ETFs by the SEC has set the stage for a tokenization takeover on the blockchain. Carlos Domingo, the CEO of Securitize, believes that Ethereum's regulatory status as a commodity is now solidified, and this approval is a major bullish signal for the asset tokenization premise on the Ethereum blockchain. With this approval, any lingering concerns about Ethereum's native token, ETH, being classified as a security have been squashed. Ethereum is now considered a safe haven for institutional use, further cementing its position as a reliable platform for asset tokenization. But how will it trigger the tokenization trend? [Read the full story](~/AAQRxQA~/RgRoNvF2P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3BvdC1ldGhlcmV1bS1ldGYtYXBwcm92YWwtYm9sc3RlcnMtYXNzZXQtdG9rZW5pemF0aW9uLW9uLWV0aGVyZXVtLWJsb2NrY2hhaW4_bGlkPWppa2ZydXQ1YTNkZlcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [CMC Live: Weekly Crypto Forecast](~/AAQRxQA~/RgRoNvF2P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzY1MDI0MzMvP2xpZD1zdnB0eXE5amdzbmVXA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 27 May on 3PM UTC CMC-Community Live: Weekly Crypto Forecast Join CMC's Research Lead, Alice, as she shares crucial insights for the upcoming week ahead. [Join Us Soon](~/AAQRxQA~/RgRoNvF2P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzY1MDI0MzMvP2xpZD1naTRmN3dyMHRwbXRXA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Sol and XRP ETFs Incoming? According to Standard Chartered, one of the leading global banks, Solana and XRP could be the next digital assets to score their own ETFs. This bold prediction comes with the SEC approving eight spot Ethereum ETFs. Geoffrey Kendrick, the head of crypto research and emerging market foreign currencies at Standard Chartered, is convinced that it's only a matter of time before other major cryptocurrencies get their own ETFs approved. While Kendrick doesn't expect this to happen in 2024 (bummer), he's got his sights set on 2025 as the year when Solana (SOL) and XRP could potentially get that ETF status. But why does he believe it’s going to happen? Did they get some hint from the SEC itself? [Read the full story](~/AAQRxQA~/RgRoNvF2P0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhbmRhcmQtY2hhcnRlcmVkLXNvbGFuYS14cnAtZXRmcy1jb3VsZC1iZS1uZXh0P2xpZD0ycTgwcWltOGF5b3RXA3NwY0IKZkZ2bFRmOHwTgFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Hackers Are Pumping Cryptocurrencies A massive wave of hacks has been targeting the X accounts of influencers and celebrities, turning their social media platforms into a playground for promoting all sorts of cryptocurrencies and memecoins. One of the biggest victims of this attack is Gigantic-Cassocked-Rebirth (GCR). On May 26, GCR's compromised X account, which boasts a massive following of over 247,900 people, started promoting ORDI and Luna 2.0. And you know what happened next… Those coins saw price surges, with ORDI jumping 6% and Luna2.0 skyrocketing a whopping 274%! Who else got hacked and what coins got promoted? [Read the full story](~/AAQRxQA~/RgRoNvF2P0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvb3JjaGVzdHJhdGVkLXdhdmUtb2YtaGFja3MtdGFyZ2V0aW5nLWNyeXB0by1pbmZsdWVuY2Vycy1hbmQtY2VsZWJyaXR5LXgtYWNjb3VudHM_bGlkPTBndHVzMWRhZHFmcFcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Strategic Insights for Smarter Investment Decisions Sharpen your investment strategies with CoinMarketCap’s Portfolio Tracker's analytical power. Utilize insights from detailed analytics on your purchase history, current asset values, and individual performance metrics. Our tools help you recognize trends, assess profit and loss, and make strategic adjustments that align with your investment goals. [Gain Strategic Insights](~/AAQRxQA~/RgRoNvF2P0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9wb3J0Zm9saW8tdHJhY2tlci8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXVzZXJfc2lnbl91cCZ1dG1fY29udGVudD1wb3J0Zm9saW8mbGlkPWdsbjBvdmJ3a3d4eVcDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [CoinMarketCap Portfolio - Mobile](~/AAQRxQA~/RgRoNvF2P0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9wb3J0Zm9saW8tdHJhY2tlci8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXVzZXJfc2lnbl91cCZ1dG1fY29udGVudD1wb3J0Zm9saW8mbGlkPWJsbXpxdTBxbjFjY1cDc3BjQgpmRnZsVGY4fBOAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Aptos Goes Beast Mode Aptos (APT) just overtook Solana with a mind-blowing 115.4 million transactions on May 25th. According to Aptoscan, the platform's user transactions per second (TPS) also hit an all-time high of 32,000 on the same day. So, what's the secret behind this transactional tsunami? Two words: Tapos Cat. Tapos Cat is a tap-to-earn game that has taken the Aptos ecosystem by storm, and it's single-handedly responsible for this mind-boggling surge in activity. So is this game going viral? What are the details? [Read the full story](~/AAQRxQA~/RgRoNvF2P0SEaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXB0b3MtYmxvY2tjaGFpbi1zZXRzLW5ldy1kYWlseS11c2VyLXRyYW5zYWN0aW9uLXJlY29yZC1zdXJwYXNzaW5nLXNvbGFuYT9saWQ9ZXBzdHF2YXNvMXdoVwNzcGNCCmZGdmxUZjh8E4BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that’s a wrap. 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