Episode 482
📍 Grayscale has launched a new fund based on the Solana-based governance token of the Pyth network, allowing retail and institutional investors to access the token's price movements.
📍 Bitcoin mining firm MARA has acquired a wind farm in Texas, adding 240 megawatts of interconnection capacity and 114 megawatts of operational wind generation to its capabilities, aiming to reduce operational costs and achieve near net-zero operating costs.
📍 Despite Bitcoin's recent slump below $94,000, Standard Chartered's Geoff Kendrick remains optimistic about the cryptocurrency's long-term prospects, citing increasing institutional ownership of spot Bitcoin ETFs and predicting a potential price of $500,000 by the time Donald Trump leaves office.
📍 The Solana ecosystem is grappling with the fallout from the scandalous pump-and-dump token launch of LIBRA, which has led to a decline in the price of Solana and other related tokens, and has implicated several key figures in the Solana space, including Argentina's President Javier Milei.
📍 The upcoming SOL unlock event is expected to inject an additional dose of uncertainty into the markets, with estimates suggesting that around 15.725 million SOL tokens, worth roughly $2.5 billion at current prices, will be unlocked over the next three months.
