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Quick Take The Crypto Council for Innovation, Michael Saylor and Robinhood, among others, have all met with the SEC’s newly created crypto task force over the last several days. The SEC has been making moves to re-evaluate its approach to regulating crypto after years of what some in the crypto industry called a “regulation by enforcement” approach.
Quick Take Regulatory uncertainty remains a potential hurdle for Solana ETFs, as the SEC may classify SOL differently from Bitcoin and Ethereum despite a more crypto-friendly stance under new leadership. Bloomberg analysts estimate a 70% chance of Solana ETFs receiving SEC approval.
Quick Take Restaking protocol Byzantine Finance raised $3 million in pre-seed funding to support the development of its aggregation layer.
Quick Take Sam Bankman-Fried posted on X for the first time since January 2023, expressing his views on the recent mass layoffs in the U.S. government. FTT token briefly surged over 29% following Bankman-Fried’s posts.
Quick Take The Pectra upgrade was activated on the Holesky test network at 4:55 p.m. ET yesterday. This activation marks a key phase in stress-testing the upgrade before it is launched on Ethereum’s mainnet. Despite the planned launch, the network has not been finalized since activation.
- 03:52AguilaTrades Reduces 1,000 BTC Long Positions via TWAP, Sees Significant Pullback in Unrealized GainsAccording to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has reported that, due to the sell-off by ancient whales, trader AguilaTrades reduced 1,000 long Bitcoin positions via TWAP, causing unrealized profits to drop sharply to $17.25 million. Currently, the liquidation price for these long positions is $112,090 (UTC+8).
- 03:52U.S. Spot Ethereum ETFs Saw Net Inflow of $259 Million YesterdayAccording to Farside Investors data reported by Jinse Finance, the net inflow into US spot Ethereum ETFs reached $259 million yesterday.
- 03:48Possibly Influenced by Ancient Bitcoin Whales, Traders Quickly Shift to Shorting BTC, Already Gaining $228,000 in Unrealized ProfitsOdaily Planet Daily reported, according to Lookonchain monitoring, possibly influenced by ancient Bitcoin whales, trader 0x960B immediately closed long positions and switched to shorting BTC, with an entry price of $117,974 and a liquidation price of $125,850. The current unrealized profit stands at $228,000.