In a significant move towards integrating cryptocurrency with traditional finance, VanEck has submitted an S-1 filing to launch a staked Solana ETF, which would track JitoSOL, a liquid staking token. This initiative comes as SEC Chair Paul Atkins expresses a willingness to adapt regulations to facilitate innovation in crypto investment products. Meanwhile, former President Trump has criticized Fed Chair Jerome Powell for not initiating interest rate cuts sooner, highlighting ongoing economic concerns. In Zambia, Interpol has dismantled a massive $300 million crypto fraud scheme that exploited tens of thousands of victims through a sophisticated app infrastructure, showcasing the need for vigilance in the crypto space. Additionally, Ethereum trader ‘Machi Big Brother’ has seen significant gains, with floating profits exceeding $4.7 million on long positions, reflecting the volatile nature of the market. These developments underscore the dynamic interplay between regulatory actions, market movements, and the ongoing challenges posed by fraudulent schemes in the cryptocurrency landscape.
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