A US cryptocurrency ETF can now distribute staking rewards to investors!
BitMine’s massive Ethereum purchase!
Continuous capital inflows into the Solana ETF!
CleanSpark’s $1.15 billion fundraising plan!
The rise of privacy tools!
Let’s decipher the news about the global economy and cryptocurrencies and consider economic trends together! Today, on Wednesday, November 12th, we’ll discuss today’s cryptocurrency news and on-chain market conditions. Let’s take a look at the 24-hour data headlines from the cryptocurrency market.
First up: “A US cryptocurrency ETF can finally return staking rewards to investors!” This is a major step. Until now, cryptocurrency ETFs only offered capital gains from price fluctuations, but with this deregulation, staking rewards from PoS (Proof-of-Stake) coins such as Ethereum can now be directly distributed to investors.
The background to this is that the U.S. Securities and Exchange Commission (SEC) has long maintained a cautious stance, refusing to recognize staking rewards as a new revenue source. However, with the recent rise in demand due to the spread of DeFi and PoS, and strong requests from market participants, this decision was made. This will allow millions of investors to indirectly enjoy staking rewards.
Similar systems have been introduced in Canada and Europe in the past, and their success is said to have encouraged the SEC’s decision. Market participants see this as a sign of the “maturity of the cryptocurrency ETF market,” and many fund managers are looking to differentiate their offerings in future product designs.
Next, we have the news that “BitMine Acquires $400 Million in Ethereum During a Market Correction!” Amid a temporary decline in Bitcoin and Ethereum prices, major mining company BitMine made a contrarian large-scale purchase.
BitMine was already known for holding tens of millions of dollars in ETH, but this additional acquisition can be seen as a bullish message to the market as a whole. Dip buying by major companies has supported market sentiment in the past, and this time too is likely to be a sign of “resilience.”
This trend has also attracted attention from institutional investors, with some saying it signals growing “confidence in long-term value.” However, increased volatility is expected in the short term, so market participants remain cautious.
The third topic is “Solana ETF sees inflows for 10 consecutive days, totaling over $342 million!” Solana is known for its fast processing speeds and low fees, attracting many developers and users.
Recently, stable inflows have continued, particularly via ETFs, and this 10-day streak signals strong confidence and expectation among market participants. Given past examples of inflows into altcoin ETFs leading to large bull runs, many experts are predicting future price increases.
However, as the overall market remains unstable, three key points require close monitoring: (1) price support from continued inflows; (2) improved liquidity from an expanding investor base; and (3) technological advancements within the project itself and increased community activity.
Next up is “CleanSpark plans to raise $1.15 billion to expand Bitcoin mining and AI infrastructure!” CleanSpark is one of the largest Bitcoin mining companies in North America, and this massive fundraising has attracted significant attention from both inside and outside the industry.
The background to this is not only the expansion of its Bitcoin mining business, but also a new growth strategy to build AI-related infrastructure using high-speed computing power. This will enable the company to transform from a simple mining company into a technology player.
Industry insiders have analyzed this move, saying, “The entire mining industry has entered a phase of integration with next-generation technologies.” Investors are also focusing on (1) expectations for long-term revenue diversification, (2) synergy effects with AI-related fields, and (3) consistency with measures to reduce environmental impact.
Finally, we have “ZKsync Developers Discuss the Rapid Growth of Privacy Tools and the Reasons for Institutional Investor Adoption.” ZKsync is a Layer 2 scaling solution that utilizes zero-knowledge proof technology, and interest in its privacy protection features is rapidly growing.
Institutional investors, in particular, are increasingly demanding transaction privacy while also complying with regulations and strengthening compliance. For this reason, the ZKsync development team revealed that they are enhancing their tools as an “innovative solution to the trade-off between transparency and privacy.”
These technological advances are expected to contribute to greater adoption of blockchain by financial institutions and large corporations, and their impact on the market as a whole cannot be ignored. Experts point out that “projects incorporating privacy tools may become mainstream in the next few years.”
That concludes today’s news highlights. Our channel provides in-depth, specialized features focused on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
