Coindesk

Solana doesn't yet have an exchange-traded fund, but one of the asset's biggest backers is betting the Wall Street-friendly vehicle could come in 2025 — and believes it's well-positioned to trounce Ethereum's various similar products.Multicoin Capital's Kyle Samani — a major investor in SOL and countless subordinate protocols — has been publicly pressing the Securities and Exchange Commission (SEC) to look favorably upon a SOL ETF. His bullish pronouncements therefore might come as little surprise.But onstage Tuesday at Blockworks' Digital Asset Summit in New York City, Samani explained his view why Solana is better placed to appeal to traditional investors than Ethereum did. It's all about the money: the fees being generated on-chain, compared to the value of the asset's...

Crypto market regulatory clarity was cited as the top catalyst for growth in the digital asset industry, according to a survey by crypto exchange Coinbase (COIN) and consulting firm EY-Parthenon (EYP). Coinbase and EY Parthenon surveyed 352 institutional investors between Jan. 13 and Jan. 24 this year. 86% of those surveyed said they had exposure to digital assets or planned to make allocations in 2025, and 84% said they had increased allocations to crypto and crypto-related products in 2024.59% of respondents said they planned to allocate more than 5% of their assets under management (AUM) to cryptocurrencies in 2025.An improving regulatory backdrop under Donald Trump's new administration is viewed as a large tailwind for the digital asset industry. The President...

Nasdaq officially asked the U.S. Securities and Exchange Commission (SEC) to allow Swiss asset manager 21Shares list and trade shares of a polkadot (DOT) exchange-traded fund (ETF).The exchange submitted a 19b-4 filing to the SEC, asking for permission to list the ETF if it is approved by the regulator.The proposed fund would track the spot price of DOT, the native cryptocurrency of the Polkadot network. The filing follows an amended S-1 form submitted by 21Shares earlier this year, marking another step in the firm’s push to bring more crypto investment products to the market.21Shares is also seeking regulatory approval for funds linked to XRP and solana's SOL. The company recently announced it’s set to liquidate two actively managed crypto ETFs...

Tech giant Microsoft shared a new report warning of malware that targets 20 of the most popular cryptocurrency wallets used with the Google Chrome extension.Microsoft’s Incident Response researchers raised alarms of a new remote access trojan (RAT), dubbed StilachiRAT, which could deploy “sophisticated techniques to evade detection, persist in the target environment, and exfiltrate sensitive data,” the team shared in a blog post.According to the team, the malware was discovered in November 2024, and it could steal users' wallet information, and any credentials, including usernames and passwords, stored in their Google Chrome browser. StilachiRAT targets 20 crypto wallets including some of the most widely-used ones like MetaMask, Coinbase Wallet, Phantom, OKX Wallet, and BNB Chain Wallet.While the malware has not...

Strategy (MSTR) Tuesday morning unveiled its latest twist at raising funds from capital markets to fund additional bitcoin (BTC) purchases, but there are indications the Wall Street spigot is slowing.The company's Perpetual Strife Preferred Stock (STRF) offers a fixed 10% annual cash dividend, paid quarterly, according to an SEC filing If dividends are unpaid, they compound at an additional 1% per year (quarterly), up to a maximum of 18%. The first dividend payment is scheduled for June 30, 2025.Strategy's initial preferred series (STRK) initially offered only an 8% interest rate. And Strategy's series of convertible debt offerings came with negligible or even 0% interest rates (different product than preferred, of course).Unlike common stock, STRF holders do not have voting rights...