Top Stories of The Week
Ethereum co-founder shifts $6M of ETH, but whales bought $1.6B
Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday.
Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900.
Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold.
In August, Wilcke had deposited $9.22 million worth of ETH to Kraken. He had previously sent $262 million worth of ETH to Kraken. At the time, Lookonchain speculated that he likely withdrew the same amount to eight newly created wallets, rather than for sale.
Chintai and Splyce target retail access to tokenized securities on Solana
Real-world asset (RWA) protocols Splyce and Chintai have launched a new product on Solana designed to give retail users access to institutional-grade tokenized securities, a move that could broaden the appeal of RWA tokenization on one of the world’s largest blockchains.
The product is powered by strategy tokens, or S-Tokens, which provide retail users with exposure to yields generated by Chintai. While users never directly hold Chintai’s tokenized securities, S-Tokens act as a “mirror” through a loan structure backed by the underlying assets.
S-Tokens are designed to broaden access to RWA yields beyond institutional investors. Today, most institutional RWA products operate as “walled gardens” with strict capital requirements and compliance hurdles, limiting retail participation, the companies told Cointelegraph.
The S-Token model aims to bridge this gap, offering retail users access to institutional-grade yields while allowing issuers to remain compliant.
Hashdex expands Crypto Index US ETF under SEC generic listing standards
Asset manager Hashdex expanded its Crypto Index US exchange-traded fund (ETF) to include XRP, SOL and Stellar following the generic listing rule change from the US Securities and Exchange Commission.
The Nasdaq stock exchange-listed ETF now includes five cryptocurrencies held 1:1 by the fund, including Bitcoin and Ether, and is trading under the ticker symbol NCIQ, according to Thursday’s announcement.
The SEC approved generic listing standards for ETFs in September, paving the way for a faster ETF approval process for eligible cryptocurrencies.
Several Solana staking ETFs may win US approval within two weeks: Analyst
Several applications for Solana exchange-traded funds (ETFs) with staking could receive US approval by mid-October, ETF analyst Nate Geraci said, following fresh regulatory filings.
“Guessing these are approved [within the] next two weeks,” Geraci, the president of NovaDius Wealth Management, said in an X post on Friday.
Geraci noted that asset managers Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital all filed amended S-1 documents for spot Solana ETFs to the US Securities and Exchange Commission (SEC) on Friday. The S-1 document is a comprehensive disclosure outlining the company’s financials, risk profile, and the securities they intend to offer.
Hester Peirce discusses her future NFT plans after serving at the SEC
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC) known by many in the industry as “Crypto Mom,” gave a speech laced with non-fungible token metaphors and a review of the agency’s approach to digital assets.
Speaking at a Coin Center event on Thursday, Peirce seemed to joke in response to speculation that her “days at the SEC [were] numbered,” given her term officially expired in June. However, statutes allow SEC commissioners to serve up to an additional 18 months until the US Senate confirms a replacement.
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“A lot of people have asked me what is next,” said Peirce. “I could leave the government and do a 180 on crypto, but that career path is too well-trodden for me. My plan has long been to transition to beekeeping—honey is delicious and nutritious, and bees sting with less glee than most of my Twitter commenters.”
Winners and Losers
At the end of the week, Bitcoin (BTC) is at $109,427, Ether (ETH) at $4,011 and XRP at $2.78. The total market cap is at $3.78 trillion, according to…
cointelegraph.com