Solana ETF: The US rejected two applications while Brazil passed its second one

Solana ETF: The US turned down two applications, whereas Brazil approved its second

Solana ETF- Coinbase is gearing up to list the Across Protocol (ACX), a new addition that promises to expand its range of offerings. Meanwhile, Binance will support an airdrop of Simon’s Cat (CAT) tokens to holders of FLOKI, adding excitement to its ecosystem. Additionally, Binance Launchpool is set to list the Dogs (DOGS) token, and Binance Futures will introduce perpetual contracts for BRETT/USDT and VOXEL/USDT with leverage of up to 50x.

Upbit is expanding its trading pairs by adding BRETT/USDT and PEPE/USDT, while OKX has launched a mini-game titled Crypto Security Guard: Hacker City, where participants have the chance to win up to 888 USDT. OKX will also support network upgrades and hard forks for Cosmos (ATOM) and Kadena (KDA). The OKX Web3 Wallet has introduced Cryptopedia Season 23, featuring the Bitcoin staking protocol Babylon. Additionally, OKX DeFi has launched the Babylon Playhub, allowing users to earn points through staking activities in the Babylon ecosystem without needing staking certificates.

Mainstream Projects and Trending Events

The US SEC has rejected two Solana spot ETF applications filed by Cboe BZX Exchange. Babylon’s Bitcoin staking mainnet is scheduled to go live on August 23, with an initial cap of 1,000 BTC. State Street Bank, managing $44.3 trillion in assets, has selected Taurus for digital asset services. Tether has issued an additional 1 billion USDT on the TRON (TRX) network. A trader has swapped 675.5 WETH (~$1.79M) for 14,777 AAVE at ~$121.2 each, making a profit of $1.63 million. Elon Musk tweeted I’m willing to serve, featuring a generative image of himself with the text D.O.G.E. Matthew Sigel from VanEck confirmed that their Solana ETF plans are still progressing.

Funding News

Sorella Labs, a crypto startup, has secured $7.5 million in a seed round led by Paradigm. YeagerAI, developer of the decentralized AI network GenLayer, has also raised $7.5 million in a seed round, led by North Island Ventures. Corn, a Bitcoin ecosystem yield network, has obtained $6.7 million led by Polychain and participated in by Binance Labs.

Regulatory News

The Brazilian Securities and Exchange Commission (CVM) has approved the country’s second Solana ETF, according to CoinDesk. The Nigerian Securities and Exchange Commission (SEC), led by Emomotimi Agama, plans to issue the first batch of digital services and tokenized asset licenses later this month.

Popular Projects

Market Overview

BTC reached a high of $61,400 before pulling back to a low of $58,548. Although BTC briefly surpassed the 4-hour moving average (MA140) of $60,757, it could not sustain this level and dropped below it. The current focus is whether BTC can break and hold above the MA140.

GEMS has surged 55% in a day. This token, part of the community-driven IDO platform Gems VIP, allows users to earn rewards through staking, with withdrawals available after 90 days. GEMS has a market cap of $61.56 million and offers an APY of 30.48% for staking.

ALPACA has risen by 25% in the last 24 hours. Despite being fully unlocked, Alpaca Finance maintains a TVL of $49.95 million, with ALPACA’s market cap at $19 million.

PIRATE has increased by 15% in a day. Developed by industry veterans from Zynga, Riot Games, and EA, Pirate Nation has seen its token PIRATE rise significantly. The game’s beta version has already launched, and PIRATE has a market cap of $48.55 million.

TAI has seen a 20% increase in the last 24 hours. As the token for AI infrastructure project TARS, TAI allows users to train AI models and monetize data. Supported by the Solana Foundation, TAI has a market cap of $17.72 million.

Tron Ecosystem: Key Tokens Rise

Following Sundog’s market cap surpassing $200 million, liquidity has shifted into the Tron ecosystem, resulting in notable increases across key tokens. SUN has risen by 31% in a day, HT is up 17%, and BTT and TRX have seen gains of 11%.

On-Chain Daily

1. SUNWUKONG: A memecoin on the Tron chain, SUNWUKONG has gained attention with a 22,677% increase in the last 24 hours. It features the character Sun Wukong and has a current market value of $13.3 million.
2. SUNDOG: The first memecoin issued by Sunpump on the Tron network, SUNDOG has increased by 60% in the last 24 hours, reaching a market value of $214 million.
3. Wukong: A memecoin on the Ethereum chain based on the game Black Myth: Wukong, Wukong has risen by 26.7% in the last 6 hours, with a market value of $2.9 million.
4. MIRAI: An AI project memecoin on Ethereum, MIRAI has seen an 86% increase in the last 24 hours, with a market value of $5.1 million.
5. SBOT: An AI project memecoin on Solana, SBOT has increased by 25% in the last 6 hours, with a market value of $1.6 million.
6. Coby: A Solana-based memecoin featuring a cute doll, Coby has risen by 90% in the last 24 hours, with a market value of $3.4 million.

Daily Runes Observation

• Gas Fee Change: The current BTC transaction fee remains low at 5 satoshis/byte, consistently low for over a month and a half.

Today’s Popular Projects

1. WADDLE•WADDLE•PENGU: Fully minted, this project has a market value of $5.91 million and a 24-hour trading volume of $13,698, showing a 100% increase.
2. PUPS•WORLD•PEACE: Also fully minted, this project has a market value of $52.87 million with a 24-hour trading volume of $24,864, experiencing a 6.83% increase.
3. WIFE•CHANGING•RUNES: Fully minted with a market value of $40.5K, this project has seen a 2.38% increase in the last 24 hours, with a trading volume of $904.

Top Rune Projects Tracking

• DOG•GO•TO•THE•MOON: Rune #3, currently priced at 4.94 Sats, has a market value of 4,939 BTC, with a 24-hour change of +0.40%.
• BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol on Bitcoin L1, priced at 7.08 Sats, with a market value of 1,483 BTC and a 24-hour change of -1.08%.
• RSIC•GENESIS•RUNE: Rune #8 from the RSIC inscription mining project, priced at 4.60 Sats, with a market value of 966 BTC and a 24-hour change of -17.86%.

Performances of Today’s Top Three Tracks

1. RARE: The platform token for SuperRare, RARE has surged by 21% to a price of $0.254, with a market value of $179 million and a 24-hour trading volume of $397 million.
2. NFT: APENFT Fund, which registers world-class artworks as NFTs, has increased by 11% to a price of $0.0006484, with a market value of $480 million and a 24-hour trading volume of $24 million.
3. COVAL: Emblem Vault, enabling cross-chain transfers of digital assets, has risen by 8.6% to a price of $0.00189, with a market value of $3.37 million and a 24-hour trading volume of $34,000.

Others: An overall daily increase of 2.7%

1. HTX: Originally the token of the Huobi exchange, HTX is now governed by a DAO and has benefited from the Tron network trend, rising by 28% to a price of $0.005147, with a market value of $1.47 billion and a 24-hour trading volume of $67 million.
2. HLG: A full-chain tokenization protocol, HLG has increased by 19% to a price of $0.0025, with a market value of $3.9 million and a 24-hour trading volume of $194,000.
3. SERO: The Super Zero Protocol, designed for privacy protection in decentralized applications, has risen by 14% to a price of $0.0768, with a market value of $3.23 million and a 24-hour trading volume of $627,000.

GameFi: An overall daily increase of 0.57%

VOXEL: Voxie Tactics, a 3D Tactical RPG game, has increased by 47% to a price of $0.206, with a market value of $38 million and a 24-hour trading volume of $198 million.

2. LOKA: League of Kingdoms, a blockchain MMO strategy game, has risen by 41% to a price of $0.208, with a market value of $24 million and a 24-hour trading volume of $51 million.
3. POLIS: Star Atlas, a space-themed MMO, has increased by 20% to a price of $0.174, with a market value of $45 million and a 24-hour trading volume of $624,000.