[Weekly Crypto] 2024.08.26
1️⃣ Why Bitcoin and the crypto market rallied after Fed Chair's speech
Bitcoin surged above 5% in the past 24 hours after Fed Chair signaled that a rate cut is imminent.
2️⃣ Another Solana ETF Approved in Brazil—What About the US?
Efforts to secure regulatory approval for spot Solana ETFs have apparently stagnated in the U.S., but asset manager VanEck says its planned fund is “still in play.”
3️⃣ Institutions get in line for staking bitcoin with Babylon
Fordefi is first among providers of institutional DeFi to support Babylon
4️⃣ Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain 'Soneium'
The new project, "Soneium" will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism's OP Stack.
5️⃣ Hong Kong Bitcoin ETFs top $250M AUM'
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.
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