Solana News: First Solana Futures ETFs Listed on DTCC, Enhancing Crypto Investment and Regulation

In a major development for the cryptocurrency market, Volatility Shares has successfully launched the first Solana futures ETFs, marking a significant step forward in crypto investment products. Listed on the Depository Trust & Clearing Corporation (DTCC), these ETFs offer enhanced trading security and efficiency, boosting the path towards greater crypto regulation.

Solana Futures ETFs Launch on DTCC, Boosting Crypto Regulation Path

Volatility Shares has launched the first Solana futures ETFs, a significant step in cryptocurrency investment products. The ETFs are now listed on the Depository Trust & Clearing Corporation (DTCC), eligible for clearing and settlement through DTCC’s infrastructure, streamlining the trading process and offering more security. Earlier this month, Coinbase introduced CFTC-regulated Solana futures contracts, addressing the lack of a regulated futures market for Solana. This move paved the way for the approval of Solana futures ETFs.

Solana Stays Resilient Amid Crypto Downturn; Solaxy Could Benefit

The crypto industry has recently faced a downturn, with most coins trading in the red. However, some coins like Chainlink, BNB, SUI, and Solana have shown signs of recovery. Solana’s resilience has drawn attention to Solaxy ($SOLX), the first Solana Layer 2 aiming to maintain the blockchain’s positive momentum. The recent crypto collapse can be attributed to several factors, including a $1.4B hack on Bybit, the world’s second-largest cryptocurrency exchange.

Cryptocurrency: LIBRA & MELANIA Teams Accused Of Laundering

Cryptocurrency analysis firm LookOnChain has accused the LIBRA and MELANIA insider teams of laundering funds. The teams allegedly bought and sold the POPE memecoin, losing $2.73 million in the process. This "loss" was reportedly funneled to other wallets legally. Additionally, the US Department of Justice has opened an investigation into the LIBRA cryptocurrency.

Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token

The Solana-based memecoin Launchpad Pump.fun’s X account has been hacked and used to promote a fake PUMP governance token. On-chain investigators suspect the hack is linked to other X account compromises. The official X account was compromised on Wednesday, with hackers promoting different tokens, including PUMP, by posting various contract addresses before deleting them. The crypto community quickly identified the memecoin as a scam.