KEYTAKEAWAYS
- Federal Reserve Chairman Powell supports stablecoin regulation framework while explicitly ruling out CBDC implementation, signaling a clearer regulatory direction for digital assets.
- Multiple financial institutions file for Solana ETFs, with Franklin Templeton joining the race, indicating growing mainstream acceptance of alternative cryptocurrencies.
- Goldman Sachs significantly increases Bitcoin ETF holdings to $1.5 billion in Q4 2024, demonstrating strong institutional interest in cryptocurrency investments.
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. Fed Chair Powell Supports Stablecoin Regulatory Framework, Rules Out CBDC
Federal Reserve Chairman Jerome Powell expressed support for establishing a regulatory framework around stablecoins during his testimony to the Senate Banking Committee. Powell made a definitive statement ruling out the possibility of implementing a central bank digital currency. He also addressed the issue of debanking in the crypto industry, acknowledging growing concerns and committing to a fresh examination of the matter.
2. Franklin Templeton Registers Solana Trust in Delaware
Franklin Templeton has taken steps toward launching a spot Solana ETF by registering a trust in Delaware, signaling the asset management giant’s potential entry into the Solana investment vehicle market.
3. SEC Opens 21-Day Public Comment Period for Canary Solana ETF
The Securities and Exchange Commission has initiated a 21-day public comment period for the Canary Solana Trust, alongside similar filings from VanEck, 21Shares, and Bitwise. This marks a significant step in the potential approval process for Solana-based ETFs.
4. SEC Acknowledges Multiple Spot Solana ETF Filings
The SEC has formally acknowledged spot Solana ETF applications from multiple issuers including 21Shares, Bitwise, Canary Capital, and VanEck. This development mirrors the process that led to Bitcoin ETF approvals. Bloomberg analysts currently estimate a 70% probability of Solana ETF approval.
5. Goldman Sachs Increases Bitcoin ETF Holdings to $1.5B in Q4 2024
According to its latest 13F filing, Goldman Sachs significantly expanded its Bitcoin ETF positions, holding $1.27 billion in BlackRock’s iShares Bitcoin Trust (IBIT) and $288 million in Fidelity’s Bitcoin Fund (FBTC), representing increases of 88% and 105% respectively.
NOON NEWS
1. Toyota Group Issues First Blockchain Security Token Bond
Toyota Financial Services has announced the issuance of its first blockchain-based security token bond worth 1 billion yen ($6.6 million). The one-year bond, launching March 3, 2025, is being developed in collaboration with Daiwa Securities and Mitsubishi UFJ Bank, featuring integration with the TOYOTA Wallet app.
2. The ETF Store President: Schwab to Launch 24/5 Trading Service
Nate Geraci, President of The ETF Store, revealed that Charles Schwab plans to extend retail stock and ETF trading hours to 24 hours a day, five days a week. This move represents traditional finance’s gradual shift toward DeFi-style trading accessibility.
3. Trump Crypto Project WLFI Sells 81% of New Token Allocation According to the project’s website, 81% of the newly allocated 5% share (5 billion tokens) of Trump’s crypto project WLFI has been sold. The new allocation price increased to $0.05, up from the previous round’s price of $0.015.
4. LM Funding Increases Bitcoin Holdings to 158.2 BTC
NASDAQ-listed crypto mining company LM Funding reported mining 8 BTC in January 2025, slightly higher than December’s 7 BTC. The company now holds 158.2 BTC, valued at approximately $16.1 million based on January 31’s price of $102,000.
5. Avalon Labs Announces Plans for First Bitcoin-Backed Debt Fund Avalon Labs has announced plans to file with the SEC for the industry’s first Bitcoin-collateralized debt fund. The initiative aims to make Bitcoin financial products more accessible to mainstream investors through regulated investment structures.
EVENING NEWS
1. Ripple and Galaxy Executives Provided $160M Loan to MoonPay for TRUMP Token Launch
A recent podcast revealed that executives from Galaxy and Ripple provided crucial loans totaling $160 million to MoonPay to handle the unprecedented demand following the launch of Donald Trump’s official memecoin in January 2025.
2. Google CEO Praises DeepSeek Team’s AI Achievements
Sundar Pichai, CEO of Google, commended Chinese startup DeepSeek’s achievements, highlighting the increasingly global nature of artificial intelligence development.
3. Coinbase Bonds See Net Buying Since Early 2025
According to BondCliQ Inc., Coinbase’s bonds, particularly its 0.25% convertible bond maturing in 2030, have seen significant price appreciation following Trump’s election victory. The company’s stock has risen 39.5% since November 5, 2024.
4. Bitcoin Traders Monitor Dollar Movement Ahead of CPI Data
Cryptocurrency traders are closely watching the upcoming U.S. Consumer Price Index (CPI) data, anticipating that potential signs of interest rate cuts could weaken the dollar and boost risk assets, including cryptocurrencies.
5. Skybridge Partner: Solana is Superior Choice for Tokenization
Anthony Scaramucci stated on CNBC’s Squawk Box that while his firm holds some Ethereum, they view Solana as the superior platform for tokenization due to its lower fees and faster transaction speeds.
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