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Grayscale Files for Solana Spot ETF with SEC
Grayscale Investments, a US crypto asset management firm, has filed an application to convert the Grayscale Solana Trust (GSOL) into a spot Exchange Traded Fund (ETF) on the New York Stock Exchange (NYSE) Arca on Tuesday (December 3).
The filing marks a significant move as Grayscale becomes the fifth asset manager to seek approval for a Solana ETF, following similar filings from firms such as VanEck, 21Shares, and Bitwise.
Following the announcement, the price of Solana (SOL) surged 6%, reflecting renewed investor interest and confidence in the asse

Brazil's Central Bank Proposes Ban on Stablecoin Transfers to Personal Wallets
The Central Bank of Brazil (BCB) has proposed a new plan to ban the transfer of USD-backed stablecoins from cryptocurrency exchanges to personal wallets on Friday (11/29).
The BCB's proposal aims to prevent crypto exchanges from freely allowing users to withdraw stablecoins, such as Tether (USDT) to personal storage wallets.
The stablecoin transfer ban regulation will further regulate the crypto industry, after a law granting the BCB the authority to set rules for the sector was passed in December 2022.
Additionally

Metaplanet Plans US$62 Million to Accumulate Bitcoin Using SARs
Metaplanet, a Japanese investment company, plans to raise US$62 million to buy Bitcoin (BTC) by issuing stock acquisition rights (SARs) to EVO FUND, an investment company based in the Cayman Islands.
Metaplanet will issue 29 thousand SAR units, each of which gives EVO FUND the right to a total issuance price of 17.8 million Japanese yen or US$117,196.
This is Metaplanet's strategy to expand more of its Bitcoin reserves in its financial management. Another goal is to reduce the impact of the weakening yen that is currently happenin

Abu Dhabi Institute Holds Open-Source AI Summit
Abu Dhabi Technology Innovative Institute (TII), a global applied science research center, inaugurated the Open-Source Artificial Intelligence (AI) Summit to discuss the future of artificial intelligence, Wednesday (11/27).
The Open-Source AI Summit was attended by more than 300 international AI experts including Meta and Google DeepMind who synergized to discuss the future of artificial intelligence. In addition, this summit also marks Abu Dhabi's efforts to become a center for technological innovation in the world.
"This summit is an important

Canadian Health Company Approves $1 Million in Bitcoin to Diversify Assets
PlantX Life, a health and agriculture e-commerce company, said it wants to adopt Bitcoin (BTC) for $1 million to diversify the company's assets. This decision was made after approval from the company's board of directors and announced by PlantX Life CEO Lorne Rapkin, Monday (11/25).
"As Bitcoin continues to gain traction as a widely accepted and trusted asset class, we see a unique opportunity to strengthen our treasury with a resilient and innovative investment," said Rapkin.
The Canadian company said it will make Bitc

Hester Peirce Set to Become Interim SEC Chair
US Congressman French Hill recently stated that Hester Peirce, a Republican SEC Commissioner, is likely to become the new interim chair of the Securities and Exchange Commission (SEC).
Peirce, who is often dubbed the ‘Crypto Mom’ for her advocacy for clearer regulation in the crypto space, has become a prominent figure in finance since being appointed by President Trump in 2018.
If Peirce is appointed as SEC chair, many believe she will push for significant changes in the approach to crypto regulation. However, the worst case scenario could be an i

Billionaire Stanley Druckenmiller Sells All Shares in Nvidia
US billionaire Stanley Druckenmiller said he will sell all his shares in Nvidia (NVDA), an AI chipmaker, in the third quarter (Q3).
Druckenmiller made the decision after successfully making a big profit because Nvidia's stock price has tripled in the past year even though it is currently at its highest level of 180% in 2024.
One of the Hedge Fund managers said he was targeting Broadcom Inc., a giant company in the networking sector. According to him, now is the right moment to invest in Broadcom because his AI business is being acqui

Blockchain Association Asks Trump to Prioritize Crypto in His Policies
The Blockchain Association is asking Donald Trump to prioritize crypto in his policies in the first 100 days of his presidency. The association is asking for innovation and growth by restructuring federal oversight of the crypto industry.
It is known that the request was made because the previous administration restricted crypto to traditional banking services, making it difficult to manage operations such as employee payments and taxes.
Not only that, the association also asked Trump to prioritize changing the leadership a

**US Crypto Market Prepares for PCE and FOMC Meeting Results**
The United States (US) cryptocurrency market is awaiting the results of two meetings between the Personal Consumption Expenditures (PCE) and the Federal Open Market Committee (FOMC). The PCE index release schedule is scheduled for November 27, 2024, while the FOMC minutes are on December 11, 2024.
Market players' concerns were triggered by the focus of the PCE and FOMC meetings to discuss the crypto market, which is expected to have a significant impact on asset prices.
Therefore, investors are currently waiting for the release of

UK Government to Release New Crypto Policy in 2025
Tulip Siddiq, Secretary of Economic and HM Treasury UK, said the UK government will create a regulatory framework for crypto and stablecoins in early 2025 at London’s City & Financial Global Tokenization Summit.
The framework created will focus on aligning the nature of stablecoins, especially crypto, which continues to grow rapidly so that digital assets remain stable.
Siddiq said this separate regulation needs to be done because he sees the unique characteristics of stablecoins that are not in line with current policies.
This plan is referre

CFTC Commissioner Calls for Crypto Policy Reform in the US
Commodity Futures Trading Commission (CFTC) Commissioner, the US trading authority, Summer Mersinger called for the need for clear and uniform regulations for the crypto industry in the US. She conveyed this at the North American Blockchain Summit, a dialogue forum between the blockchain community and policy regulators, Thursday (11/21).
The University of Minnesota graduate assessed that the regulatory approach that relies on current law enforcement actions actually creates confusion and uncertainty for crypto companies.
Mersinger also

Ethereum Spot ETF Consistently Experiences Outflows of Up to US$9 Million
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The Ethereum Spot (ETH) exchange-traded funds (ETF) have consistently experienced outflows for 6 consecutive days. It was recorded that this product experienced an outflow of up to US$9 million or 2,930 ETH, on Thursday (11/21).
Grayscale (ETHE) was the company that experienced the largest outflow, namely US$27.10 million. Then followed by Grayscale (ETH) with an expenditure of US$4.10 million.
Meanwhile, the BlackRock Ethereum Spot ETF (ETHA), Franklin (EZET), 21Shares (CETH), and Invesco (QETH) reportedly exp

Trump Media Plans to Release Crypto Payment Platform
Truth Social, Donald Trump's social media company, plans to release crypto payments. The platform, called "TruthFi", provides card payment processing, asset management, custodian services, and digital asset trading.
The party has not explained in detail how this project will be run. Even so, this initiative is seen as Trump's effort to diversify his business which only functions to send messages to his supporters.
Not only that, TruthFi is also a manifestation of Trump's promise to turn the United States into a more crypto-friendly country a

Gary Gensler Announces Resignation from SEC Ahead of Trump's Inauguration
Gary Gensler announced that he will resign from his position as Chairman of the Securities and Exchange Commission (SEC), the US financial services authority, on January 20, 2025. The decision coincides with the inauguration of Donald Trump as President of the United States (US).
As is known, Gensler's leadership is strongly opposed by crypto industry players. So, Trump, who is known to be pro-crypto, immediately appointed several candidates for SEC chairman to replace Gensler.
Reported by Bloomberg, Gensler said his ten

Breaking News | SUI Blockchain Network Down: Block Production Stops
The Sui Network (SUI) blockchain reportedly experienced a technical disruption with no blocks being produced for 1.5 hours, when this news was written at 17:45 WIB, Thursday (11/21). This is the first incident since the Sui network was launched.
Until this news was written, there has been no official statement from the developer or Sui regarding the cause of this disruption. The crypto community is still waiting for further clarification regarding the blockchain ecosystem due to the incident.
On the other hand, the price of th

Breaking News | Bitcoin Touches US$97,000: Target of US$100,000 in Sight
Bitcoin (BTC), the crypto asset with the largest market capitalization in the world, again recorded an all-time high on Thursday (11/21). The price of Bitcoin jumped significantly to reach US$97,000 per coin, equivalent to almost Rp1.54 billion.
This extraordinary increase occurred after Bitcoin recorded its previous record at US$95,000 this morning, Thursday (11/21). This movement shows a continuing positive trend, making Bitcoin the center of attention in the global financial market.
Since the beginning of the year, B