Whales Stake $41 Million SOL Amid Solana ETF Rumors
Investors have been increasing interested in staking Solana with the Ethereum ETF recently launched, analysts believe that a Solana ETF could soon follow, even with the regulatory challenges. Whales have poured in $41 million in Solana tokens for staking, anticipating a surge for demand in the upcoming months if an ETF is approved. This positive outlook has assisted in Solana’s price rise outperforming Bitcoin and Ethereum recently.
Kamala Harris Meme Coin Skyrockets After Biden Drops Out Of Race
After President Joe Biden announced he would be dropping out of the presidential election, Kamala Harris memecoin (KAMA) soard to an all time high doubling its price to 2.4 cents and reaching a $24 million market cap. This has birthed more Harris memecoins to be launched on Pump.fun, however these tokens lose value quickly overtime. Joe Biden has endorsed and supported Harris for president, along with Bill and Hillary Clinton. The 2024 presidential election will be a memorable moment for the United States if Harris wins and becomes the first female president in the United States.
Ethereum ETFs Break Records With $107M Inflows On First Day
U.S. regulators have approved Ethereum ETFs, allowing Americans to investt in Ethereum through traditional brokerage accounts. It marks the SEC’s lengthy decision to approval Ethereum with filings approved in late May. Ethereum ETFs saw a strong launch, with $106.78 million net inflows and trading volumes surpassing $1 billion on the first day. This marks a major milestone for cryptocurrency and we can expect to see more cryptocurrencies to be adopted in the U.S. financial system.
Ferrari Brings Crypto Payment Success From U.S. To Europe
Ferrari is expanding its cryptocurrency payment system to Europe by the end of July 2024, following a successful launch in the U.S. last year. Ferrari partnered with BitPay, enabling customers to pay with cryptocurrencies like Bitcoin and Ethereum, which are then converted to fiat currency and sent directly to the dealers bank accounts. With around 60% of Ferrari’s European dealers adopting this system, it aims to provide additional payment options for buyers and gives Ferrari dealers a seamless experience to receive funds without having to directly manage the cryptocurrencies.
Bitcoin Fund Offers Pathway To EU Citizenship
A new investment fund allows Bitcoin holders to gain EU citizenship through Portugal’s golden visa program by indirectly investing over $500,000 in Bitcoin. Unbound Fund offers investors a five year residence by investment program if they invest €500,000 in Bitcoin through the fund. This gives Bitcoin holders an opportunity to gain a second passport using their Bitcoin, giving cryptocurrency a bright future as a payment option.
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