CoinQue Chronicles
Happy Friday,
Trump Media unveils a bold $250M crypto and ETF investment strategy as Coinbase moves to launch Solana futures, tapping into the growing ETF momentum. Meanwhile, the SEC accelerates Bitwise's Bitcoin-Ethereum ETF approval, signaling broader crypto acceptance. The ongoing XRP vs. Bitcoin feud intensifies, while in a regulatory twist, the Arkansas Senate rejects a bill to ban crypto mining near military facilities.Keep reading for the full scoop!
Trump Media Group (TMTG), the company behind Truth Social, has announced its expansion into financial services with the launch of Truth.Fi. The new fintech platform will focus on crypto investments, exchange-traded funds (ETFs), and separately managed accounts (SMAs).
Coinbase Derivatives has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce Solana Futures. The exchange aims to launch the product on February 18, offering a USD-settled contract with a size of 100 SOL and a notional value of around $25,000. The filing highlights Solana’s market volatility and its strong presence in DeFi and NFTs
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The Arkansas Senate’s City, County and Local Affairs Committee voted against a bill that set out to prohibit crypto mining businesses from being established within 30 miles of military facilities, The bill, which was rejected Thursday by six votes against one, would have also allowed the state to revoke business permits already given out to a crypto mining facility if it is situated near a military establishment.
The U.S. Securities and Exchange Commission expedited approval for the Bitwise Bitcoin and Ethereum ETF, allowing it to be listed and traded on NYSE Arca. Bitwise’s hybrid ETF will offer investors direct exposure to Bitcoin (BTC) and Ethereum (ETH) in a single fund with Coinbase’s custody business to oversee the fund’s holdings.?
Ripple CEO Brad Garlinghouse was accused of lobbying against creating the US Bitcoin reserve. However, the CEO commented, saying he wanted a multi-token reserve instead. Bitcoin supporters criticized him for selling XRP while wanting the US govt to buy it.
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