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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.
- 03:43Analyst: Current Bull Market Cycle Driven by Institutions, Uncertainty Remains Over Whether Altcoins Will BenefitOdaily Planet Daily reported that Presto Research analyst Min Jung stated that supported by sustained institutional demand—especially from cryptocurrency asset management firms—Bitcoin continues to hover near its all-time highs. ETH prices have also benefited from institutional investor momentum, with a growing number of publicly listed companies beginning to include ETH in their corporate treasuries. The market is showing early signs of an altcoin season, but it remains uncertain whether this strong momentum will extend to the broader altcoin market. (The Block)
- 03:42zkBTC Bridge Announces Mainnet LaunchAccording to ChainCatcher, the zkBTC Bridge, a Bitcoin cross-chain bridge built on ZKP technology, has announced the official launch of its mainnet and is now fully deployed. This protocol aims to provide core infrastructure for Bitcoin asset liquidity. zkBTC Bridge innovatively leverages ZKP technology to create a fully decentralized, native framework for Bitcoin assets. Its primary goal is to significantly enhance the liquidity depth of Bitcoin assets and efficiently unlock the potential of Bitcoin. The mainnet launch marks a strategic step forward for the zkBTC ecosystem in building the foundation for Bitcoin cross-chain interoperability and driving large-scale adoption of Bitcoin liquidity.
- 03:32Data: NFT trading volume across the entire network exceeds $31 million in the past 24 hours, with an increase of nearly 200%According to ChainCatcher, citing CoinGecko data, the total NFT trading volume across the network reached $31.085 million in the past 24 hours, representing an increase of 195.1%. In addition, the total market capitalization of NFTs across the network has surpassed $6 billion, with a 24-hour increase of 18.1%.