qfx The crypto market experienced a record $19 billion liquidation event on the weekend of Oct. 10, which caused Bitcoin’s (BTC) price to dip to a four-month low of $104,000 by Friday, CryptoMoon reported at the time. 🤯📉
On Wednesday, the SFC, that paragon of prudence, greenlit the China Asset Management Solana ETF, a product so daring it makes a Frenchman blush. 🇫🇷💸
The ChinaAMC Solana ETF (03460, because numbers are fun) is set to moonwalk onto the stock exchange on October 27, with three shiny new currency options: HKD (3460), RMB (83460), and USD (9460). Each lot holds a tidy 100 SOL-enough to keep your wallet feeling slightly less like a punching bag.
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In the world of crypto, Bitcoin, Solana, and XRP are pulling off more ETP filings than a desperate contestant on a reality TV show trying to avoid elimination. Meanwhile, the usual suspects-Bitcoin and Ethereum-are merely biding their time in the shadows, watching the new kids on the block get more than ten filings each. It seems investors are no longer just enamored with the OGs; they’re diversifying their crypto portfolios quicker than I can swipe left on a dating app.
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So, Federal Reserve Governor Chris Waller (yeah, the one who probably still thinks Bitcoin is a type of bird) just dropped a hot take at the Fed’s payments conference. Apparently, he’s all about this new “payment account” thing, which is basically a VIP pass for crypto firms to access the Fed’s payment infrastructure without having to wear a full banking license suit. Fancy, right? 💼🤓
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And what does this frantic flock of filings portend? According to the wise analyst, this number is destined to climb to 200, as if the land itself is being stripped away to accommodate the horde of hopefuls eager to stake their claim. A veritable gold rush, but with more digital coins and less prospecting-what a time to be alive! 🚀
