Coindesk

Asset manager VanEck has filed to launch a staked solana (SOL) exchange-traded fund (ETF), signaling continued interest in bringing blockchain-native yield-bearing assets to traditional investment rails.The application, submitted Friday as an S-1 registration with the U.S. Securities and Exchange Commission (SEC), is the first of two filings required to list the fund. If approved, the ETF would hold JitoSOL, a liquid staking token native to the Solana blockchain. JitoSOL reflects ownership of SOL tokens that have been staked and also accrues the staking rewards earned by those tokens.Unlike traditional ETFs, this product would not just track the price of SOL but also the income generated by staking — effectively baking Solana’s yield into a publicly traded product.The SEC has been...

Oracle network Chainlink's (LINK) native token sharply rebounded with the broader crypto market following Federal Reserve Chair Jerome Powell's dovish remarks in Jackson Hole, Wyoming.LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%.In protocol-specific news, Chainlink obtained two major security certifications this week: ISO 27001 and a SOC 2 Type 1 attestation, marking a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s price feeds, proof-of-reserve services and the Cross-Chain Interoperability Protocol (CCIP).The oracle provider says the move strengthens trust in its data services and can bolster adoption among banks, asset issuers and...

Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena (ENA) up by 14% and 15%, respectively.The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy.Lido and ethena are returning to last week's highs after an early August rally spurred by the U.S. Securities and Exchange Commission's statement that liquid staking protocols aren't securities.The SEC's statement was viewed as bullish for the decentralized finance (DeFi) ecosystem, in particular for Ethereum-based protocols that depend on staking mechanisms to generate a yield.The clarity also opened the floodgates for institutions, with Figment's dominance over other liquid-staking protocols suggesting that institutional inflows...

Bitcoin (BTC) bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole.The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth of crypto derivatives positions, according to CoinGlass. The majority of those losses are attributed to traders holding short positions.Ether (ETH) positions were the hardest hit, with $150 million liquidated over the past four hours as the price rose from $4,200 to $4,650, marking a 10% gain.Bitcoin's level of support was critical as it was a record high set in May. The bounce indicates a bullish reversal...

Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September. The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end.Bitcoin (BTC) and ether (ETH) both moved higher following Powell’s remarks, as did the S&P 500 and Nasdaq. Shares tied directly to the crypto sector posted some of the sharpest moves of the day.At the time of writing, Circle (CRCL) led the pack with a 7% jump. eToro (ETOR) and Marathon Digital (MARA) each climbed 6%, while Coinbase (COIN) rose 5%. MicroStrategy (MSTR), which holds billions in bitcoin, gained 4%, and Robinhood (HOOD) advanced 3%.The...