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Fidelity Introduces FSOL Fund, Bringing Major Wall Street Name to Solana (SOL) ETFs

Fidelity has launched the Fidelity Solana Fund (FSOL), marking its entry into the Solana exchange-traded fund (ETF) market. This new fund, which allows staking, enhances Fidelity's cryptocurrency offerings and enters a market that has recently seen other products, including the Bitwise BSOL fund, which attracted $450 million since its launch. With only three Solana ETFs currently available in the U.S., Fidelity's arrival offers investors a reputable option to access Solana without directly holding tokens. Canary Capital and VanEck are also entering this market, responding to increasing demand and interest in Solana investment products. Fidelity has invested years into developing its digital asset services, now providing a variety of investment options including spot Bitcoin and Ethereum funds. The firm's solid establishment in traditional finance signals a notable shift in the increasing acceptance of cryptocurrencies in mainstream financial products.

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Bitcoin charts flag $75K bottom, but analysts predict 40% rally before 2025 ends

Bitcoin's price has shown a bearish trend, breaking below a crucial support level established in 2023. Analysts now identify $75,700 as a significant downside target, which aligns with a historical pricing band indicating when Bitcoin is overvalued or undervalued. This drop represents an 18% decline from current

Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Firas Isa, the founder of Virtual Assets LLC, was charged by federal prosecutors in Chicago for orchestrating a money laundering conspiracy involving at least $10 million. The indictment alleges that Isa converted proceeds from fraud and narcotics into cryptocurrency through a network of cash-to-cryptocurrency ATMs dubbed Crypto Dispensers. Despite regulatory

Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme

Federal prosecutors in Chicago have charged Firas Isa, founder of Virtual Assets LLC, with a conspiracy to launder at least $10 million of illicit funds through a Bitcoin ATM network. The indictment claims Isa converted proceeds from fraud and narcotics into cryptocurrency, subsequently transferring these assets to various digital wallets.

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