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Solana ETF Approval Odds Now a Certainty, Eric Balchunas Says

Eric Balchunas, a Bloomberg analyst, suggests that the odds of a Solana exchange-traded fund (ETF) being approved by the SEC are now extremely high, potentially at 100%. Following the SEC's adoption of generic listing standards, the previous review timelines based on 19b-4 filings have become irrelevant, shifting the approval process to S-1 registrations. Balchunas noted that Solana just filed its fourth amendment to its S-1 registration, indicating that approval could be imminent. However, he also warned that while a Solana ETF may spur speculative buying ahead of its approval, it could also experience a 'sell the news' correction upon launch, as seen with previous Bitcoin and Ethereum ETFs. Inflows for U.S. Bitcoin ETFs were significant, but Solana's uptake may differ, especially since institutional investors have more familiarity with Ethereum's ecosystem and characteristics. As of now, Solana's price has seen minimal fluctuations.

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Ex-LA Sheriff’s Deputy Pleads Guilty to Extortion Scheme With ‘Crypto Godfather’

Michael David Coberg, a former Los Angeles County Sheriff's deputy, has pleaded guilty to conspiracy to commit extortion and conspiracy against rights for collaborating with Adam Iza, labeled a 'Crypto Godfather.' The two orchestrated a scheme involving armed extortion, staging drug arrests with planted narcotics, and

XRP Rallies Into SEC Catalyst Window, Resistance Cements at $2.93

XRP recently experienced a 2.1% rise, buoyed by institutional accumulation exceeding 120 million tokens. With seven pending XRP spot ETF applications before the SEC, including Grayscale’s submission due October 18, the market awaits potential regulatory catalysts between October 18 and November 14. This timeframe is expected to significantly

DOGE Holds Above 200DMA, Breakout Needs Daily Close Through $0.24

DOGE has experienced resistance at $0.24 despite attempts to break above this threshold, settling around $0.23 by session's end. A significant outflow of approximately 40 million DOGE from large holders contributed to the resistance, despite high trading volumes. The cryptocurrency remains above its 200-day moving average,

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