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Solana, Pudgy Penguins ETF Filings Added to SEC’s Crypto To-Do List

by admin June 25, 2025

In brief

A proposed Invesco Galaxy fund would track the performance of Solana.
Multiple issuers have now filed applications for Solana ETFs, including Fidelity, VanEck and Bitwise.
Cboe has filed for a 19b-4 rule change that would enable the listing of a Canary Capital Pengu-based fund.

U.S. regulators on Wednesday added separate filings to their docket for a proposed Solana exchange-traded fund and a rule change that would allow the listing of an investment product tied to Pudgy Penguins tokens.

The Invesco Galaxy Solana ETF joins a list of eight other funds that would track the performance of the sixth-largest crypto by market capitalization.

Meanwhile, a 19b-4 request by Cboe would allow the Canary PENGU ETF to trade on the exchange.

The filings are among the latest developments in an increasingly heated crypto ETF space, which has intensified since the dramatic success of spot Bitcoin and Ethereum funds over the past 18 months, and amid a more receptive political environment for crypto products.

The SEC is weighing more than two dozen applications for altcoin-based ETFs, including not only Solana but XRP, Dogecoin, Cardano, Polkadot, and Hedera.

Earlier this month, seven Solana fund issuers filed amended S-1 forms with the SEC, clarifying language that would enable them to stake the Solana they hold.

Staking refers to the process of pledging tokens to a decentralized network in exchange for yield, or financial rewards.

Its inclusion in ETFs is a point of contention among federal regulators, who previously delayed their decision on staking in Ethereum ETFs due to concerns over the financial and security-related risks posed by the practice.

Solana, XRP, and Litecoin spot ETFs are near locks at 95% odds of approval from the U.S. Securities and Exchange Commission by the end of 2025, according to estimates last week by analysts Eric Balchunas and James Seyffart of Bloomberg.

Dogecoin, Cardano, Polkadot, Hedera, and Avalanche spot ETF applications have a 90% probability of approval by year-end. Such altcoin funds seemed unlikely until the success of the BTC and ETH ETFs, which have generated $47 billion and $4 billion in net investments, respectively.

The Invesco Galaxy Solana ETF will trade under the QSOL ticker. Galaxy Digital Funds will serve as the fund’s execution agent, purchasing and selling SOL on behalf of the fund. Coinbase will serve as the fund’s custodian.

Crypto-focused investment management firm Canary Capital filed for its Pudgy Penguin fund in March, one of several other altcoin ETFs that it has proposed to the SEC.

Solana, the native token of the Solana network, was recently trading at $143, down nearly 1% over the past 24 hours.

It has declined by roughly 18% over the past month, as most altcoins have experienced a downturn. However, it remains a favored blockchain among many developers due to its speed and efficiency.

PENGU was roughly unchanged from Tuesday at the same time and has fallen 22% over the past month.

Edited by Sebastian Sinclair

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June 25, 2025 0 comments

Game Updates

Thanks To Borderlands 4 Fans, This Handy Feature Has Been Added To The Game

by admin June 20, 2025

Following a recent wave of Borderlands 4 previews, Gearbox boss Randy Pitchford has confirmed that one fan-requested feature will be in the game when it launches in September. While a mini-map won’t be in the looter-shooter, a radar will, making situational awareness of a battlefield much easier.

In a lengthy thread, Pitchford spoke about how fans had been asking Gearbox to add this feature to the game–many people from the European, US, and Asian preview tours were advocating for it, Pitchford said–and the studio managed to make this happen.

“As me and head of dev, Steve Jones–and some of the other guys–were poking around with producers trying to figure out what it would take to add these features and if we could make it in time to ship or not, something awesome happened,” Pitchford explained. “In classic Gearbox style, where we have an ethos of ‘they who builds it, wins,’ some developers got together and found some time in the margins of their schedules. Some Gearbox heroes did what Gearbox heroes do!”

Several Gearbox employees “splintered off” to work on the radar, and Pitchford says they managed to squeeze it into the game before it undergoes some QA testing ahead of its launch. The radar will be off by default when the game launches, and it won’t be in the current build of Borderlands 4 on the Borderlands Fan Fest showfloor this weekend. Here’s what it looks like in action:

A combat radar is now an optional feature in Borderlands 4, you guys! Here’s a sneak peek at what it looks like! 29/32 pic.twitter.com/kcKebRqE2r

— Randy Pitchford (@DuvalMagic) June 19, 2025

Borderlands 4 will also have a few other fan-requested features when it launches, and the base version of the game has an MSRP of $70. “This feels like a Borderlands game through and through where enough has changed for me to feel like this is an improvement over Borderlands 3, but it’s not so different that I can expect huge and sweeping changes,” Jordan Ramée said in GameSpot’s Borderlands 4 preview.

Borderlands 4 launches on September 12 for PC, PS5, and Xbox Series X|S, with a Switch 2 version arriving at a later date.

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June 20, 2025 0 comments

GameFi Guides

9,000 New XRP Wallets Added in 48 Hours

by admin June 14, 2025

The data by CryptoQuant shows that there were more than 9,000 new XRP addresses on June 11 and June 12. It is the best two-day increase on the network in more than a week.

June 11 alone saw around 4,500 new addresses created. The following day, another 4,200 were added. These numbers indicate expanding participation across the XRP ecosystem.

CryptoQuant’s data makes the trend clear. Wallet creation began rising sharply on June 9. Before that, there were fewer than 3,500 new addresses each day. The latest leap indicates that there is increasing momentum in the background.

XRP network grows further

XRP’s underlying use case for fast settlement and cross-border transactions remains its key strength, and rising wallet creation is proof. More users could also be trying out the use of XRP for multiple purposes or could be incorporating it into their applications.

The difference is visible in comparison to the beginning of June. On June 6, new addresses were approximately 3,200. By June 8, it was only slightly higher. Then, activity spiked beginning June 9 and accelerated into June 11 and 12.

The price trend during this spike was flat to slightly down. That divergence is worth paying attention to. It may indicate a buildup of users ahead of a price move.

Source: CoinMarketCap

The network of XRP is expanding, and it does so even despite the lack of rise in price. At the time of writing, XRP trades at $2.13, a decrease of 2.52% over the past day, as revealed by CoinMarketCap data.

Although the price decreased minimally, XRP trading volume has increased by 66.30% to $4.53 billion, showing the increased interest in trading among traders.

Its 24-hour trading volume as a percentage of market cap is 3.6%, which indicates that there is active liquidity for anyone that wants to enter or exit a position.

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June 14, 2025 0 comments

Gaming Gear

‘Spaceballs 2’ Just Added the Perfect New Actor to the Cast

by admin June 13, 2025

Fans have waited almost 40 years for news about Spaceballs 2—and then, in a single day, we got soaked in it like Pizza the Hut. First, news broke that the film was a go with Mel Brooks reprising his role as Yogurt. Then, Rick Moranis and Bill Pullman were announced to reprise their roles from the 1987 original. And now, finally, maybe the best news of all: plot details have been revealed along with a key piece of casting. Lewis Pullman, son of Bill Pullman, will play his father’s son in the film.

The Hollywood Reporter broke the news of the casting as well as some new plot details. According to the trade, Lewis Pullman is playing Starburst, the son of Lone Starr (Bill Pullman) and Queen Vespa (Daphne Zuniga, who is also now expected to return). Starburst is one of the film’s three main characters, along with Destiny, played by Keke Palmer, and a character played by Josh Gad, who has yet to be named. (Is he a Skroob? A Helmet? A Barf? We’ll see.)

The younger Pullman has had an incredible few years, first really breaking out as the lovable naval aviator Bob in Top Gun: Maverick, followed by playing another Bob, aka Sentry, in this summer’s Thunderbolts. He has appeared alongside his father before, in a 2017 film called The Ballad of Lefty Brown, but really, this is the one every fan has hoped for. Plus, he completes a trio that lives up to the film’s early tagline: “The Schwartz Awakens.” A play on the title of the seventh Star Wars film, it suggested the story would follow new, younger characters with the legacy characters (Brooks, Pullman, Moranis, etc.) in smaller roles. Amazon describes the film as “A Non-Prequel Non-Reboot Sequel Part Two but with Reboot Elements Franchise Expansion Film.”

Spaceballs 2 will be coming to theaters in 2027. It’s directed by Josh Greenbaum (Barb and Star Go To Vista Del Mar) from a script by Benji Samit, Dan Hernandez, and Josh Gad. It does not yet have an official title but, if the title isn’t Spaceballs 2: The Search for More Money, I think everyone will be very, very disappointed.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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June 13, 2025 0 comments

GameFi Guides

XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?

by admin June 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.

While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.

Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn’t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund’s objective and the index it is tracking.

NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.

The SEC is expected to respond by November 2, 2025. In any case, there’s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.

Bitcoin is a Great Buy Even at $106K

In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC ‘s a safer buy at $106K than it was at $20K.’ He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.

Deaton also said that the current macroeconomic conditions will gradually undermine people’s confidence in fiat currencies. For example, growing national debt and exorbitant tariffs are big red flags for the cash economy.

In such a scenario, ‘digital gold’ emerges as a clear alternative.

First, $BTC’s supply is limited, so corporations and governments can’t manipulate it.
Secondly, companies and countries, both large and small, are racing to add Bitcoin to their balance sheets, pushing up the price.

Michael Saylor’s Strategy, for instance, now owns more than 580K $BTC, and 16 firms added it to their balance sheets just last week.

Governments across the board, like Ireland, Pakistan, and Ukraine, are considering creating their own Bitcoin reserves after the US announced it would pursue one.

All these signals show that Bitcoin is here to stay and only goes from strength to strength. If you, too, are keen on milking $BTC to the last possible drop, we’d like to introduce you to BTC Bull Token.

What Is BTC Bull Token?

BTC Bull Token ($BTCBULL) has taken a simple idea – to cheer on the greatest digital asset, Bitcoin – and transformed it into one of the best meme coins on the market right now.

With a muscular bull as its mascot and a website theme that mimics Bitcoin’s bright gold color, BTC Bull Token wears its Bitcoin bullish badge with pride.

According to its whitepaper, it’s ‘the unstoppable force pushing Bitcoin towards $1M+.’

It does this by being the ONLY crypto today offering free (and completely legitimate) $BTC to its token holders.

Every time Bitcoin claims a new major milestone, like $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will stand a chance to earn real Bitcoins.

Note: the $BTC amount you receive will depend on the number of $BTCBULL tokens you bought in the Community Sale. Also, subscribe to BTC Bull Token’s social media (X and Telegram) for updates about the airdrop events, as you’ll have to opt in to qualify.

Burn Tokens, Create Hype, and Enjoy Profits

The developers have done everything to ensure the project’s success, including using a deflationary approach, also known as a token burn mechanism, which sees the project shaving off a part of the total token supply to push the price.

These ‘token burn’ events will take place every time Bitcoin’s price increases by $50K, starting from $125K.

Incentives like these, combined with a chunky 40% of the total supply reserved for PR and marketing, suggest BTC Bull Token could become one of the top trending cryptos after its launch.

$BTCBULL Is Currently Cheaper than It Will Ever Be

Hell-bent on backing Bitcoin to $1M and beyond? Get BTC Bull Token!

That’s aside from the chance to win real $BTC (currently worth over $105K) if you’re a $BTCBULL owner.

The good news is the token is still in presale, meaning you can grab it for just $0.002555. The project has already raised around $7M in early investor funding and is raring to go once it launches. You can read all about it in our What is BTC Bull Token guide.

More Cryptos Go Mainstream, but $BTC Remains the Greatest

New ETFs supporting modern cryptocurrencies like Solana and XRP represent a healthy diversification in the market, but the fact remains, there’s only one Bitcoin.

With an innovative approach towards airdrops, a classic token burn mechanism, and a lively community of crypto degens, BTC Bull Token nevertheless could emerge as the next big crypto coin to follow in Bitcoin’s footsteps.

That said, make sure to do your own research before investing. The market is unpredictable, and none of the above is financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 9, 2025 0 comments

Game Reviews

Activision Says It Accidentally Added More Ads To Call Of Duty

by admin June 4, 2025

Image: Activision / Kotaku

Last week, players noticed something gross and annoying in Call of Duty: Black Ops 6 and Warzone. Following a big update for the new season, many angry players spotted ads for bundles and battle passes in never-before-seen places, like inside the loadout menu. Activision now says this was all just a big whoopsie and has removed the ads.

Long-Lost Halo Demo Comes To Life

On May 29, Call of Duty news and rumors outlet CharlieIntel reported that players were encountering more ads in Black Ops 6 and Warzone following Call of Duty’s big season 4 update. The annoying and obtrusive ads were popping up in the loadout and the class creation menus, as well as in the events section of each game’s menus. The loadout menu in Call of Duty: Black Ops 6 and Warzone is likely the place in which players spend the most time when not actually shooting people in-game. And to suddenly see cosmetic and season pass ads shoved in here angered many. It seems the backlash was so intense that Activision stepped in to remove them all.

On June 2, the official Call of Duty “updates” account run by Activision tweeted out a short message addressing the annoying ads, explaining that they were added to the games “in error.”

“A UI feature test that surfaced select store content in the Loadout menus was published in the Season 04 update in error. This feature has now been removed from the live game,” said Activision.

Of course, many players didn’t buy this explanation, with some suggesting that Activision quietly added it in to see what the reaction would be, and when players went nuclear, backed off. Even if you take Activision’s word that it was mistakenly added, the fact that it was even testing the idea of adding more advertisements into more parts of Call of Duty means it was clearly being considered. And that’s concerning.

This is a franchise with some of the worst, most ad-riddled and ugly menus in all of modern video games. To shove even more ads into the few areas of CoD that are still useful and useable is gross, especially when you remember that Activision still charges $60+ for new Call of Duty games and sells an endless list of in-game cosmetics every day. Did the company really need to test out more ways to squeeze in ads? I don’t think so, and based on how players reacted, I’m sure Activision will be careful about adding more advertisements in the near future.

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June 4, 2025 0 comments

NFT Gaming

WalletConnect Token rallies 11% as Jupiter stakers added to WCT airdrop list

by admin May 29, 2025

WCT jumped 11% following news that Jupiter stakers will be eligible for a token claim tied to WalletConnect’s Solana expansion.

WalletConnect Token (WCT) jumped on Thursday as buzz spread about an upcoming airdrop tied to Solana (SOL), and some Jupiter stakers are now on the list. Following the news, the price of WCT rose 11.6% and is trading at $1.06, according to data from CoinGecko. The token has gained 276.8% over the past month, rising from $0.2814 on April 15.

The price rally followed growing anticipation around WCT’s expansion to Solana. At the Solana Accelerate event, WalletConnect Foundation founder Pedro Gomes said the token would go live on the network later this month via Wormhole’s Native Token Transfers standard.

Airdrop details haven’t been finalized yet, but the WalletConnect Foundation has confirmed that a 5 million WCT claim will be available for Solana users, with Jupiter, Phantom, Backpack, and Solflare helping identify eligible users and distribute tokens.

“The goal is to identify real users, those already building, staking, and transacting on Solana. […] This follows the success of the 2024 token claim, which saw 50 million WCT distributed to early contributors across the WalletConnect ecosystem, previously in the Optimism and Ethereum ecosystems.”

WalletConnect Foundation

Despite the announcement, eligibility details and claim timelines are expected to be announced soon. With the launch on Solana, WCT becomes a multichain token after its earlier deployments on Ethereum and Optimism.

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May 29, 2025 0 comments

NFT Gaming

$32,917,434,000 Bitcoin Added by Long-Term Holders: $200K BTC In 2025?

by admin May 26, 2025

Massive 300,000 BTC accumulation
Bullish BTC signal returns

The spending activity of Bitcoin’s (BTC) long-term holders (LTH) suggests that they are increasingly confident in the leading cryptocurrency.

According to recent on-chain data shared by analyst Axel Adler Jr., the spending activity of this group has dropped to its lowest level in the last eight months.

Massive 300,000 BTC accumulation

Also, this group has purchased 300,000 BTC in the last 20 days. What stands out from the chart in the tweet is the sharp drop in LTHs’ spending. It is now at the lower end of its historical range.

This trend indicates that those who usually hold Bitcoin for long periods are not selling but are choosing to buy more.

In the past, similar behavior by these holders has coincided with bullish periods in the cryptocurrency market. With the long-term holders not selling, there’s less available supply of BTC on cryptocurrency exchanges. Should demand remain steady or keep rising, the scarcity results in an increased BTC price.

The accumulation of 300,000 BTC by this group of Bitcoin holders in less than a month reflects their long-term outlook and their belief in the leading cryptocurrency’s continued rise in price.

Many would have expected some of these holders to take profits as BTC climbs back to its previous peak price. But the reverse has been the case. This group, which has experienced multiple market cycles, is doubling down on their holdings.

Bullish BTC signal returns

According to new data from Glassnode, the number of unique BTC addresses is showing an upward trend, indicating rising transaction activity and user engagement on the network.

Source: Glassnode

The 30-day SMA rose above the 365-day SMA in late 2024, reaching a peak in January 2025.

Then, the 30-day average dropped below the 365-day average, suggesting a cool-off period. This crossover usually acts as a bullish signal and occurs when short-term momentum in user activity surpasses the long-term average.

In recent weeks, the 30-day average has crossed over the longer-term average again. This new crossover could set the stage for a strong market phase.

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May 26, 2025 0 comments