Announcements The U.S. SEC delays decision on Solana ETF application | Gate Research

The U.S. SEC delays decision on Solana ETF application | Gate Research

2025-05-20 05:00:07 UTC 56171 Read

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BTC rose by 1.09% over the past 24 hours to $106,196, with net inflows into BTC ETFs totaling $361 million on Monday. ETH showed a stronger performance, gaining 4.85% to reach $2,543, with ETH market dominance currently at 9.27%. The altcoin market continues to diverge, causing the altcoin season index to decline further to 23.Among hot tokens, Jupiter (JUP) announced an integration with the platform time.fun, and Cardano (ADA) officially clarified details regarding voucher redemption from its token presale event.Additionally, Camp Network launched its CAMP SVM chain, and Sahara AI released its SIWA developer testnet. Meanwhile, the U.S. SEC delayed approval decisions on the proposed Solana Spot ETFs.

- **Market Overview**: BTC rose slightly by 1.09% over the past 24 hours, currently quoted at $106,196. ETH performed strongly, gaining 4.85% in the same period, trading at $2,543.
- **Trending Tokens**: Today's popular tokens include Jupiter (+2.50%, circulating market cap of $1.438 billion) and Cardano (+1.63%, circulating market cap of $27.146 billion). Jupiter is a notable AI-driven DeFi aggregation platform within the Solana ecosystem, while Cardano is a third-generation secure and scalable blockchain infrastructure project.
- **Alpha Insights**: SOON supports Camp Network's launch of CAMP SVM, the first Rollup chain based on the Solana Virtual Machine (SVM), emphasizing innovative applications involving on-chain autonomous IP; Sahara AI has announced the launch of the SIWA developer testnet, utilizing NFTs for on-chain verification and traceability of AI assets, marking a significant advancement for decentralized AI economies. Meanwhile, the U.S. SEC postponed approval decisions on Solana Spot ETF proposals submitted by institutions such as 21Shares, Bitwise, VanEck, and Canary Capital, highlighting regulatory caution toward financial products related to SOL.
- **Gate Launchpool**: Wayfinder (PROMPT), an AI-based on-chain agent protocol, has launched on Gate Launchpool. Users can participate by staking GT or USDT until May 26, 2025 (20:00, UTC+8), with a total airdrop amount of up to 150,000 PROMPT tokens.

**Discover more details today**：<a href="https://www.gate.io/learn/articles/the-u-s-sec-delays-decision-on-solana-etf-application-gate-research/9048" target="_blank">The U.S. SEC delays decision on Solana ETF application | Gate Research</a>

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May 20, 2025
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The U.S. SEC delays decision on Solana ETF application | Gate Research

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