Former SEC senior official John Reed Stark opposes regulatory reform at crypto roundtable meeting

CSC Delaware Trust Company registered a new statutory trust named “Fidelity Solana Fund,” a new filing shows, in a possible sign that Fidelity plans to file for a Solana-based exchange-traded product. A Fidelity spokesperson declined to give additional details on the filing.Several other asset managers, including VanEck, ProShares, GrayScale, and more have filed applications for Solana ETFs in the past, according to The Block’s ETF tracker, though none have yet been approved. Fidelity manages the second-largest Bitcoin ETF by AUM. 

In the past 12 hours, the main force has sold large orders with a cumulative transaction of $48.5 million and a net outflow of $17.16 million, with a buy to sell ratio of 1: 1.55, indicating a clear willingness of the main force to short. Especially last night at 22:58, the Binance contract crashed by $15.48 million in a single transaction, directly suppressing the price. Despite the subsequent large replenishment of $18.04 million, market activity has significantly decreased, with current trading volume shrinking to 15.22% of the recent average, and a strong wait-and-see sentiment among funds. At the same time, the 2-hour cycle K-line shows a cross star superimposed flat top shape, with obvious resistance above. Although RSI breaks through the 50 line upwards, the KDJ index converges, and the direction is yet to be confirmed. Combining the main behavior with the K-line pattern, there may be critical turning points in the short term. Activate membership to unlock real-time monitoring of major orders, accurately capture the dynamics of key players, and plan ahead for inventory changes! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.

The perpetual trading volume of Binance TRUMP/USDT surged 19 times within 10 minutes, with a turnover of $180 million in the past 24 hours, an increase of 1.02%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

Stablecoin issuer Tether is reportedly in talks with a “Big Four” accounting firm to conduct a full audit of its reserves, according to a report from Reuters. Tether recently appointed a new CFO in a step towards conducting the full audit, after its stablecoins were largely banned in the EU.

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time