Yellow Network integrates XRPL EVM Sidechain to enhance RWA trading
Yellow Network will benefit from quick settlement and off-chain learning using an Ethereum Virtual Machine-compatible engine.
The Yellow Clearnet provides off-chain liquidity. Real-time, non-custodial, cross-chain trading occurs off-chain on isolated exchanges and brokerages. Only final transaction settlements are recorded on-chain by Clearnet via state channels.
The Yellow Network team claims this connection aims to provide access to a worldwide liquidity pool.
In 2024, Larsen invested $10 million in Yellow Network, which began in 2018 to address crypto liquidity fragmentation on-chain.
Yellow Clearnet integrates Ethereum, Polygon, and Binance Smart Chain. After XRPL support, the plan includes Solana, Bitcoin, and Polkadot.
Solana ETF launch possibilities improve if Bitwise wins NYSE approval
The exchange's procedural green light is the crucial infrastructural endorsement required for the fund to trade. Based on exchange listings, Bitwise's Solana ETF might open as soon as Tuesday, October 28, leading a wave of Litecoin and HBAR funds, according to Bloomberg analyst Eric Balchunas.
The Bitwise Solana Staking ETF tracks SOL prices and network staking profits. Bitwise claims the product is backed by institutional-grade cold storage SOL and benchmarked to the Compass Solana Total Return Monthly Index, net of fees and costs. Investors may participate in blockchain-native returns without maintaining private keys or staking infrastructure.
To compete aggressively, Bitwise's management cost is 0.20%, lower than many spot Bitcoin and Ethereum ETFs' 0.21%–0.25% fees. The company will eliminate this cost for the first three months and $1 billion in assets under management to attract early funding and dominate the market.
The NYSE clearance marks Solana's regulated market milestone. Solana joins Bitcoin and Ethereum as listed crypto assets for institutional investing on major U.S.
The listing date suggests a Solana asset class competitive wave. Balchunas claimed exchange alerts suggest Bitwise's product might join Canary's Litecoin and HBAR funds on Tuesday, followed by a Grayscale Solana conversion. Early Monday, Canary submitted 8-A paperwork for its Litecoin and HBAR ETFs, hinting that many issuers may capitalize on the same launch window.
Can miners foresee the next Bitcoin price breakout over $120K?
Bitcoin price is holding around $114,000 as miner reserves stabilize, alleviating recent sale pressure.
After the post-halving depression that forced miners to sell Bitcoin to pay for operational costs, miner holdings have leveled off and hashprice measures are improving.
Bitcoin continues to rise due to network and macro factors. Below $110,000, miner capitulation might lower sales again. A decline in transaction fees or network utilization would also hurt profitability and reverse recent advances.
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