KEYTAKEAWAYS
- Solana's futures trading launch on the Chicago Mercantile Exchange marks a significant milestone toward potential ETF approval, with analysts estimating 70% chance by year-end.
- Exchange developments dominate headlines with Robinhood's prediction markets launch, Binance's Alpha 2.0 platform update, and PancakeSwap's $25.25 billion trading volume outperforming Uniswap.
- Regulatory progress continues with multiple altcoin ETF filings, GENIUS Act stablecoin framework advancement, and industry positioning for expanded crypto product approvals under the new administration.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Solana Futures Trading Debuts on Chicago Mercantile Exchange
Solana trading debuted Monday on the Chicago Mercantile Exchange, bringing spot SOL exchange-traded funds closer to reality. This major milestone for the sixth-most valuable blockchain offers futures contracts in two sizes: 25 SOL and 500 SOL. Industry experts view this development as a significant step toward SOL ETF approval, with at least 13 SOL ETF products currently awaiting SEC approval. Bloomberg analysts estimate a 70% chance of approval by year-end, though progress depends on the confirmation of crypto supporter Paul Atkins as SEC chair.
2. SUI Jumps 6% as Canary Capital Files for Sui ETF
Asset manager Canary Capital submitted an S-1 registration filing with the SEC to launch a Sui ETF on Monday, causing SUI to jump 6%. This marks the first SUI ETF application following Canary’s establishment of a Sui Trust in Delaware earlier this month. The filing joins Canary’s growing list of altcoin ETF applications, including those for Litecoin, XRP, Dogecoin, Solana, and Axelar. The SEC has recently delayed decisions on these applications, a standard procedure according to Bloomberg ETF analyst James Seyffart, with the regulator having up to 240 days to make final determinations.
3. YZi Labs Invests in Plume Network for Real-World Asset Integration
YZi Labs has announced its investment in Plume Network, a modular blockchain focused on real-world assets (RWA). This initiative aims to bridge the gap between traditional finance and decentralized finance, advancing the financialization of real-world assets.
4. Ripple Files Trademark for ‘Ripple Custody’ Service
Ripple Labs has filed a trademark application for ‘Ripple Custody,’ indicating plans to potentially enter the cryptocurrency custody business. The registration describes services for storing and managing cryptocurrencies, positioning Ripple alongside established players like Coinbase, Citi, and BNY Mellon. The application also includes references to downloadable wallet software supporting cryptocurrency transmission and storage, though Ripple representatives declined to comment on these developments.
5. Robinhood Launches Prediction Markets for Sports and Politics
Robinhood launched a prediction markets hub that allows users to bet on a range of sports and political outcomes, just in time for March Madness. The feature, developed in partnership with CFTC-regulated exchange KalshiEX, enables users to trade contracts on events ranging from sports and politics to economics. At launch, users can trade on the Fed’s May rate decision and NCAA basketball tournaments, with contracts paying $1 if predictions are correct. The announcement boosted Robinhood’s stock by 7%, as the company continues its strategy to become a comprehensive financial ecosystem for younger investors.
NOON NEWS
1. Vitalik Sells Half His DHN Token Holdings
According to on-chain analyst Onchain Lens, Ethereum co-founder Vitalik Buterin has sold 5,000 DHN tokens worth approximately 65.19 ETH ($124,672). Vitalik reportedly still holds another 5,000 DHN tokens valued at approximately $113,000.
2. Trump-Linked WLFI Project Raises $550 Million
WLFI, a cryptocurrency project associated with President Donald Trump, announced the completion of a $550 million token sale with over 85,000 KYC-verified participants. The project’s “macro strategy” includes allocating various digital assets in its strategic reserve, including BTC, ETH, TRX, LINK, SUI, and ONDO tokens. These reserves may support funding innovative projects, promoting ecosystem growth, and creating new DeFi opportunities.
3. Hashdex Seeks to Expand Crypto ETF to Include Seven Additional Tokens
Hashdex is seeking SEC approval to expand its Nasdaq Crypto Index US ETF (NCIQ) to include XRP, Solana, Cardano, Chainlink, Avalanche, Litecoin, and Uniswap. The ETF, which launched on February 13 as the first dual Bitcoin-Ethereum ETF in the US, currently holds approximately 88% Bitcoin and 12% Ethereum with about $70 million in total assets. Hashdex recently received approval from Brazilian regulators to launch the world’s first spot XRP ETF.
4. MyShell Announces $8 Million SHELL Token Repurchase Plan
MyShell released details about its SHELL token repurchase plan, announcing that 8 million USDT generated from SHELL transactions have been frozen in a market maker’s Binance account. These funds will be used for a SHELL repurchase plan to be implemented within 90 days. For transparency, all repurchased tokens will be transferred to an on-chain wallet starting with 0x8d67 after each transaction.
5. Four.Meme Outperforms Pump.fun in Token Market Cap
According to Lookonchain monitoring, GMGN.Ai data showed that in the past 24 hours, six tokens created on Four.Meme exceeded $1 million in market capitalization, while only one token on Pump.fun reached that threshold.
EVENING NEWS
1. BMT Coin Surges 50% Following Binance Listing Announcement
BMT Coin experienced a 50% price surge following the announcement of its listing on Binance. The listing is expected to provide enhanced liquidity and accessibility to a wider investor base, marking a critical growth opportunity for the cryptocurrency. The community’s response has been overwhelmingly positive, reflecting confidence in the coin’s future prospects and highlighting the significant impact major exchange listings can have on cryptocurrency valuations.
2. PancakeSwap Volume Surpasses Uniswap, Reaches $25.25 Billion
According to DefiLlama data, PancakeSwap’s trading volume in the past 24 hours reached $25.25 billion, ranking first among DEX protocols. During the same period, Uniswap’s trading volume was only $13.1 billion.
3. Tether Increases Stake in Bitcoin Miner Bitdeer Amid Regulatory Developments
Tether has increased its stake in Bitcoin mining company Bitdeer to 31,891,689 shares of Class A common stock, representing 21.4% of outstanding shares. This expansion aligns with Tether’s strategy of diversifying investments and strengthening cryptocurrency infrastructure. Meanwhile, the GENIUS Act, which would regulate stablecoin issuers in the US, was approved by the Senate Banking Committee on March 13. Industry experts note the bill could benefit Tether by allowing registration options while imposing minimal restrictions on unregistered issuers.
4. Binance Launches Alpha 2.0 Platform with Streamlined User Experience
Binance has launched Alpha 2.0, an updated platform that simplifies access to new crypto projects by connecting directly to the main Binance trading platform. The upgrade eliminates the need for users to switch between the Binance account and Binance Wallet, allowing direct on-chain purchases of Alpha tokens using Binance Pay via existing Funding and Spot accounts. This development represents Binance’s effort to bridge centralized and decentralized exchange ecosystems while enhancing security and user experience.
5. Four.Meme Suspends Launch Function After Security Attack
Four.Meme confirmed on Twitter that it is currently under attack and has suspended its Launch function for emergency investigation. The platform has promised to compensate affected users and will provide a submission form to collect information about losses. Details regarding the attack’s nature, impact scope, and specific compensation plans have not yet been disclosed.
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