Crypto Pre-drink: July 10, 2024

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• SEC Inches Closer to Approving Spot Ethereum ETFs
• Cboe Files for SEC Approval to List Solana ETFs
• Telegram’s Hamster Kombat: A Gateway to Blockchain for Millions
• DISCLAIMER
• WRITER’S INTRO

CONTENT

In the Crypto Pre-drink, we serve up a daily shot of the hottest crypto news and market insights to fuel your investment decisions.

SEC Inches Closer to Approving Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is making significant progress toward approving spot Ethereum ETFs. Several proposals are currently under review, which, if approved, would mark a milestone in the cryptocurrency sector by providing institutional investors with a new avenue to invest in Ethereum directly. This move follows the success of Bitcoin ETFs and indicates a growing acceptance of cryptocurrency within traditional financial markets.

Cboe Files for SEC Approval to List Solana ETFs

Cboe Global Markets has officially submitted a request to the SEC for approval to list Solana ETFs. The approval of these ETFs would significantly boost Solana’s market liquidity and accessibility, allowing a broader range of investors to engage with Solana. This initiative is seen as part of a broader trend of increasing integration of cryptocurrency assets into mainstream financial products.

Telegram’s Hamster Kombat: A Gateway to Blockchain for Millions

Telegram’s Hamster Kombat has taken the gaming world by storm, amassing 239 million users within just three months of its launch. This tap-to-earn game, which features players as hamster CEOs of cryptocurrency exchanges, has seen rapid adoption and is being hailed as a potential gateway to blockchain technology for a massive audience. Pavel Durov, Telegram’s CEO, announced plans to integrate the game with the TON blockchain, allowing users to mint tokens and experience blockchain benefits directly through gameplay.