Tag:

Fact

Solana And Ethereum Staking Etfs To Launch In June 2025 Fact Check
GameFi Guides

Solana and Ethereum Staking ETFs to Launch in June 2025 Fact Check

by admin



On Friday, REXShares filed a prospectus for new staking ETFs based on Solana (SOL) and Ethereum (ETH) for the U.S. Following this, there are speculations growing in the crypto community that these ETFs could debut within the next few weeks, likely to be in June 2025.

James Seyffart, a Bloomberg ETF analyst, has shared this news on X and said,” Don’t know launch date but could be within the next few weeks.” Even other analysts are saying that it could be approved in June.

These comments are coming based on the phrase “immediately upon filing pursuant to paragraph (b)” which is mentioned in the filing. This phrase means that the ETF prospectus becomes effective right after it is filed with the SEC, without needing to wait for a review or specific approval date. This will speed up the process and allow funds to start trading much sooner than usual.

These ETFs are unique in that they follow the 1940 Act and are structured as C-corporations.  This enables the funds to stake at least 50% of their ETH and SOL holdings and distribute staking rewards to investors.

However, the SEC said the registration forms might be “improperly filed,” and some information could be “misleading.” They worry this might confuse investors. Additionally, with no confirmed launch date for the staking of SOL and ETH, investors could remain uncertain and worried.

Also Read: Canary Renames Solana ETF, Adds SOL Staking in Amended S-1 Filing



Source link

0 comments
0 FacebookTwitterPinterestEmail
Binance Has Listed Pi Network'S Pi Coin: Fact Check
Crypto Trends

Binance Has Listed Pi Network’s PI Coin: Fact Check

by admin



Pi Network and Binance crypto exchange are once again in the spotlight due to speculation about Pi coin being listed on Binance. Rumours are circulating on X that Binance has listed PI, generating excitement in the Pi community.

On X, a viral post said, “Binance has listed $Pi, I think Binance has taken the first step of launch. The next step is to witness the miracle.” An image was also shared, showing Pi’s price as if it were listed on the Binance exchange.

However, there has been no official announcement from either Pi Network or Binance. As of now, Pi coin is not available for trading on the Binance exchange.

In the past, Binance launched a “Vote to List” event, allowing users to vote for tokens they want listed, including Pi coin. Binance also ran a separate community poll asking users if Pi should be listed. Yet, listing is not guaranteed through the poll. A crypto has to meet all listing criteria, such as trading volume, risk checks, and compliance, according to Binance’s clear statement.

Earlier, Binance thrilled Pi Network fans by posting innovative graphics that featured the π (Pi) symbol. However, these posts were purely graphics and not official announcements.

Also Read: Pi Network Pushes Game Development with FruityPi Launch



Source link

0 comments
0 FacebookTwitterPinterestEmail
North Korea'S Kim Jong Un Orders Citizens To Buy Bitcoin Fact Check
GameFi Guides

North Korea’s Kim Jong Un Orders Citizens to Buy Bitcoin: Fact Check

by admin



A viral video circulating on social media claims to show North Korean leader Kim Jong Un delivering an “emotional” speech about Bitcoin. In the video, Kim looks like he’s ordering people to buy Bitcoin at all costs. He seems to be saying: “Take all your money, buy Bitcoin, then take all your time, figure out how to borrow more money to buy more Bitcoin.”

Is North Korea’s Kim Jong Un Urging People to Buy Bitcoin?

However, this is not an authentic clip of Kim Jong Un. The video is a deepfake that mismatches visuals of the North Korean leader with audio from a speech made by Strategy Executive Chairman Michael Saylor.

“There is no second best crypto asset,” the voice says in the video. The video adds, “There’s a crypto asset, it’s called Bitcoin, right? There is no second best, okay?”

The original audio comes from a widely shared clip of Saylor promoting Bitcoin as the superior digital asset. In this speech, he also declares: “Go mortgage your house and buy Bitcoin with it.”

The mismatch between the lip movements and the audio in the video, combined with the known source of the speech, confirms the clip is fake. It’s most likely that Deepfake technology used to overlay Saylor’s words onto the footage of North Korea’s Kim Jong Un.

This video is a clear example of misinformation in the crypto community. Thus, viewers are urged to verify sources before sharing sensational content. Hence, it’s important to note that the actual speaker in the video is Michael Saylor, not Kim Jong Un.

Also Read: China to Buy $300 Million XRP for Crypto Reserve: Fact Check



Source link

0 comments
0 FacebookTwitterPinterestEmail
China To Buy $300 Million Xrp For Crypto Reserve: Fact Check
GameFi Guides

China to Buy $300 Million XRP for Crypto Reserve: Fact Check

by admin



A viral claim is making rounds on social media that China is planning to buy up to $300 million worth of XRP to build a “strategic crypto reserve” and compete with the U.S. The claims are totally misleading, and it is not true.

These speculations came after Webus International Limited, a Hangzhou-based corporation, recently announced that it will offer luxury AI-driven chauffeur services and is currently trying to grow internationally. As part of that move, Webus will raise $300 million in XRP with non-equity financing such as bank loans and institutional credit.

The goal is to support international travel services and integrate XRP for fast, low-cost global payments. So yes, XRP is involved, but it’s the company, not the Chinese government, making this move.

In fact, China has recently doubled down on its crypto crackdown. Reports suggest a new ban that even targets individual crypto ownership, not just trading or mining. The government is focused on promoting its own central bank digital currency (CBDC) — the digital yuan.

The confusion comes from mixing up two different stories. One is about a Chinese company, Webus, using XRP and raising $300 million to grow its international business. The other is about China’s government, which is actually banning crypto, not buying it. Since both stories involve China and XRP, some people wrongly assumed the government was behind the XRP purchase. However, that’s not true.

Also Read: China sells US treasuries to buy Bitcoin, claims BlackRock? Fact Check



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close