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Quick Take Summary is AI generated, newsroom reviewed. Fidelity's Solana Staking ETF (FSOL) is set to debut on November 19, following a major SEC policy shift allowing staking within ETFs. The fund holds actual SOL tokens and stakes nearly all of them to generate passive rewards, historically 5-8% annually. Fidelity has temporarily waived the 0.25% management fee to attract early institutional and retail inflows. The launch adds to growing competition in the staking ETF sector, which already includes produ
Quick Take Summary is AI generated, newsroom reviewed. 41.5% of XRP’s circulating supply sits at a loss, increasing market stress. A spot XRP ETF could bring new demand and improve XRP market sentiment. Rising XRP supply pressure shows reduced long-term holder conviction. ETF approval may offer a long-term confidence boost during uncertain conditions.References ALERT: Roughly 41.5% of XRP’s circulating supply is currently at a loss, per Glassnode. Will upcoming spot-XRP ETFs help stabilize sentiment?
Quick Take Summary is AI generated, newsroom reviewed. Bitmine bought 54,156 ETH worth about 163 million dollars. The company now holds more than 3,559,879 ETH in its reserves. Institutional ETH demand rises as companies build long-term positions. Ethereum accumulation grows as firms adopt structured crypto treasury expansion plans.References $ETH BUYS: Bitmine acquires 54,156 Ethereum worth ~$163M. They now hold a total of 3,559,879 ETH.
- 14:04DeFi platform TRONBANK completes strategic investment, BlockX leads the roundChainCatcher news, according to Chainwire, TRON ecosystem infrastructure provider TRONBANK has announced that it has secured strategic investments from five international institutions, with BlockX leading the round with $10 million. Other participating institutions include: Sky Venture Labs, K300 Ventures, Blockin.Ventures, and Onebit Ventures. According to the introduction, TronBank is a DeFi platform on the TRON blockchain, providing energy leasing, TRX staking, and on-chain yield services through secure and transparent smart contracts. TRONBANK is currently focused on three main areas: energy leasing, TRX staking finance, and yield optimization mechanisms.
- 14:04The cumulative trading volume of the decentralized contract exchange Sun Wukong has exceeded 7.6 billion USDT.According to ChainCatcher, citing official social media sources, the Chinese decentralized contract exchange Sun Wukong recorded a single-day trading volume of over 550 million USDT yesterday, a 17% increase compared to the previous day. The cumulative trading volume has now surpassed 7.6 billion USDT. Currently, Sun Wukong is conducting a USDT staking yield activity. Users' USDT assets in their platform accounts will automatically participate in yield generation, with an annualized rate of up to 10%. No additional operations are required, and it does not affect trading, deposits, withdrawals, or transfers. There is no lock-up period, and users can deposit and withdraw at any time. Risk Warning
- 14:04TRON on-chain contract trading volume increased by 166% this week; Sun Wukong launches new STRK and expands popular asset derivatives coverage for ORDI.According to ChainCatcher, the Chinese decentralized contract exchange Sun Wukong has recently added STRK and ORDI USDT-margined contract trading, supporting up to 20x leverage, further expanding the platform's derivatives coverage of popular assets. On-chain analytics platform Lookonchain data shows that in the past week, decentralized contract trading volume on the TRON chain exceeded $2.59 billions, a week-on-week surge of 166.69%, setting a new stage high. Analysts believe that the recent rapid shifts in crypto market sentiment and sharp price fluctuations have driven a simultaneous increase in hedging and arbitrage demand among traders, fueling a rapid rise in the decentralized derivatives market. Risk Warning