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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.
- 21:23Cantor Equity Partners IV Files for IPOAccording to ChainCatcher, market sources report that Cantor Equity Partners IV, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of U.S. Secretary of Commerce Howard Lutnick, has filed for an initial public offering (IPO). This marks its fifth SPAC (Special Purpose Acquisition Company) project, having previously reached two agreements related to Bitcoin asset reserves.
- 21:12BTC falls below $117,000According to Jinse Finance, market data shows that BTC has fallen below $117,000 and is now quoted at $116,989.01, with a 24-hour decline of 1.74%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 21:12Tesla IT Executive Appointed to Oversee Sales Operations in a Critical MomentAccording to a report by Jinse Finance, sources have revealed that as Tesla’s global sales continue to decline, the company has appointed a relatively low-profile IT executive to take charge of sales operations. The executive, Raj Jegannathan, is a senior leader at Tesla who previously focused mainly on IT and data-related matters. Sources indicate that he has recently assumed management responsibilities for sales. Some insiders believe that his role has replaced that of former North American sales head Troy Jones, who left the company earlier this month after 15 years at Tesla. According to two sources and LinkedIn information, Jegannathan does not have traditional automotive industry sales experience. It is currently unclear whether this personnel change is a temporary arrangement.