The United States Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Spot Solana and Litecoin ETFs. The agency said more time is needed to assess whether these filings meet the necessary standards for investor protection and market transparency. This delay affects Grayscale’s efforts to list spot cryptocurrency ETFs that would be traded on the NYSE Arca exchange.
At the same time, the US SEC opened public comment periods for other crypto-related proposals, including BlackRock’s Bitcoin ETF redemption model.
US SEC Extends Review Period for Grayscale SOL and LTC ETFs
The US SEC announced that it will extend the review process for the proposed Grayscale Solana Trust. The agency is evaluating whether the fund complies with the Securities Exchange Act of 1934. If approved, the ETF would allow public trading of Solana-backed shares through traditional investment accounts.
The same decision applies to the Grayscale Litecoin Trust. The SEC said it needs additional time to determine if the Litecoin ETF filing meets the required legal and market conditions. Grayscale’s filings will now follow an extended timeline, which can include several stages before a final decision is reached.
According to the official filing, the commission has begun “proceedings to determine whether the proposed rule change should be approved or disapproved.” This language is standard for when the agency seeks further information or public input on complex filings.
This Is A Developing News, Please Check Back For More
President Trump is moving quickly to replace two key economic positions, backing a pro-rate-cut agenda. With the chances of a September rate cut nearing 80%, markets are reacting—crypto has surged, adding to the growing momentum.
Trump Eyes Fed, BLS Shake-Up After Sudden Exits
Two major vacancies opened Friday, one at the Federal Reserve after Governor Adriana Kugler’s unexpected resignation, and the other at the Bureau of Labor Statistics after the President fired Commissioner Erika McEntarfer.
McEntarfer was fired shortly after a weak jobs report in July, and the President accused her of manipulating job numbers.
JUST IN: President Trump is naming a REPLACEMENT Labor Statistics Commissioner after he fired the Biden holdover, who severely down-revised the jobs report, in the next 3-4 days.
“We had NO confidence. The numbers were ridiculous, what she announced.”
In a Truth Social Post today, Trump slammed last week’s jobs report as “rigged,” claiming it was manipulated to favor Democrats, just like pre-election data. He pointed to record job revisions as proof and vowed to appoint an “exceptional” replacement.
Federal Reserve Governor Adriana Kugler’s term was set to end in January. In her letter to the President, she gave no explanation for stepping down. Her departure takes effect August 8. Trump is weighing several candidates for the Fed role and plans to announce his pick soon. “I have a couple of people in mind,” he said.
Fed Shake-Up Gives Trump New Leverage
Kugler’s resignation gives Trump a key opening to remake the Federal Reserve. During her tenure, she has backed Fed Chair Jerome Powell, who Trump often criticizes.
According to a report from Bloomberg, contenders to fill the Fed vacancy, and potentially succeed Jerome Powell as chair when his term ends in May, include Kevin Hassett, Kevin Warsh, Scott Bessent, and current Fed Governor Christopher Waller.
After the Fed held rates steady for the fifth time, Trump ripped into Chair Jerome Powell on Truth Social, calling him a “stubborn moron” and urged the Fed Board to take control if he won’t cut rates. He has long accused Powell of being too slow and hurting the economy with high rates.
Rate Cut Chances Cross 80%
However, the chances of a September rate cut have climbed to over 80%, according to the CME FedWatch tool. Additionally, if Trump appoints a pro-rate-cut Fed governor, it could further push the Fed toward easing at the next FOMC meeting, that could boost crypto prices.
Crypto Market Rallies
The crypto market has climbed to a $3.83 trillion market cap, up 1.7% in the last 24 hours. Bitcoin is up over 1%, while Ethereum, XRP, and Cardano have jumped 3–5%, adding to the bullish momentum.
Fueling the rally further is a breakthrough in the U.S.–E.U. trade deal, with the European Union proposing a six-month pause on its countermeasures, which has boosted investor confidence across markets, including crypto.
The post Trump Moves to Replace Fed and BLS Chief Amid Economic Shake-Up, Crypto Market Rallies appeared first on Coinpedia Fintech News
President Trump is moving quickly to replace two key economic positions, backing a pro-rate-cut agenda. With the chances of a September rate cut nearing 80%, markets are reacting—crypto has surged, adding to the growing momentum. Trump Eyes Fed, BLS Shake-Up After Sudden Exits Two major vacancies opened Friday, one at the Federal Reserve after Governor …
Jed McCaleb’s departure from Ripple in 2014 has long been the subject of speculation. Many believed it was the end of his involvement with the company, but what if it wasn’t a breakup? What if Jed’s split was a strategic move, part of a bigger plan to create a parallel blockchain system?
Ripple & Stellar: Split That Wasn’t a Split
Jed McCaleb, one of Ripple’s co-founders, was key in designing XRP’s early framework. He helped build XRP’s architecture and contributed to Ripple’s initial success. After some disagreements, Jed McCaleb left Ripple in 2014 and quickly started Stellar (XLM).
(1/) Jed Didn’t Leave Ripple. He Was Assigned to Start Stellar.
You were told it was all falling out. But what if Jed McCaleb’s split wasn’t a breakup… It was a deployment? And what if XRP and XLM were never rivals — but two arms of the same global plan? Let’s dive deep: pic.twitter.com/0v53GExE3j
While many thought it was a breakup, the timing looks more like a planned move. It happened just as Ripple was growing in the world of big finance and global payment systems.
Eventually, if we look at the timing of Jed’s departure, it aligns perfectly with Ripple’s institutional expansion, the rise of the ISO 20022 standard, and discussions by global financial bodies like the IMF, the BIS, and the WEF about the future of payments.
This suggests that Jed wasn’t leaving; he was deployed to launch the second half of a global payment solution.
XRP and XLM: Complementary, Not Competitive
Ripple’s XRP and Stellar’s XLM were never rivals; they were two parts of the same global plan. XRP focuses on improving liquidity, enabling cross-border payments, and supporting central bank digital currencies (CBDCs) in the financial industry.
On the other hand, Stellar works on bringing blockchain technology to underserved communities, humanitarian efforts, and retail stablecoin transactions.
Strategic Partnerships on Both Sides
Both Ripple and Stellar have quietly secured powerful partnerships. Ripple works with major financial institutions like Bank of America and SBI, supporting international banking systems.
Meanwhile, Stellar is closely tied to humanitarian projects, with the United Nations using it for blockchain-based aid and Franklin Templeton using it for tokenizing assets.
Jed McCaleb’s exit from Ripple wasn’t an accident; it was part of a well-timed plan. As Ripple focused on the institutional side, McCaleb’s Stellar project set out to bring the power of blockchain to the people.
The post Was Jed McCaleb’s Exit from Ripple a ‘Breakup’ or a Brilliant Strategy? Find Out! appeared first on Coinpedia Fintech News
Jed McCaleb’s departure from Ripple in 2014 has long been the subject of speculation. Many believed it was the end of his involvement with the company, but what if it wasn’t a breakup? What if Jed’s split was a strategic move, part of a bigger plan to create a parallel blockchain system? Ripple & Stellar: …
The meme coin market is beginning to cool after a surge in activity throughout most of May. The past week’s broader crypto market downturn has dented overall momentum, triggering a dip in the values of top meme assets.
Still, meme coin trading volume remains up 5% over the past month, signaling that investor appetite has not vanished entirely. BeInCrypto has highlighted three standout meme coins to watch in the month ahead.
Central African Republic (CAR)
The official meme coin launched by the African nation received positive developments in May. The country’s president recently announced that the government will use CAR to tokenize 1,700 hectares of land.
As a result, CAR has experienced a notable resurgence, climbing by 103% this week alone.
I have signed a presidential decree to tokenize over 1,700 hectares of land in the Central African Republic.
Starting June, land concessions will be accessible online using $CAR, directly on @solana.
— Faustin-Archange Touadéra (@FA_Touadera) May 29, 2025
As of this writing, the meme coin trades at $0.047. As CAR aims to break the $0.059 resistance, it could witness a continued upward trend if broader market conditions improve.
CAR’s Chaikin Money Flow (CMF), which remains firmly in positive territory at 0.17 at the time of writing, reinforces the potential for a rally above this key resistance level.
The CMF indicator measures how money flows into and out of an asset. A reading above one signals strong buying pressure and indicates that capital is flowing into CAR.
If this continues, CAR could break above $0.059 and extend its gains to $0.074.
However, if profit-taking commences, the altcoin could fall to $0.345.
Daddy Tate (DADDY)
DADDY is another meme coin to watch for possible gains in June. Up 14% over the past seven days, the altcoin currently trades at $0.039.
Earlier this week, Andrew Tate announced the upcoming launch of Real World 2.0, his online training app. According to his statement, the app will have an integrated wallet with some utility around DADDY.
As a result, speculative interest in the meme coin is rising.
The Real World 2.0 is nearly here and it’s about to go NUCLEAR.
• Built-in wallets • Instant payouts • Private job board with real offers from inside the ecosystem
And when it all drops…$DADDY + $TRW are both gonna go CRAZY.
The token’s rising Balance of Power (BoP) indicates the steady rise in buying pressure among DADDY traders. As of this writing, this momentum indicator is at 0.85.
The BOP indicator measures the strength of buyers versus sellers by comparing closing prices to trading ranges. A positive BOP value like this suggests that buyers are in control, indicating bullish momentum in the market.
If this trend continues, DADDY could extend its rally to $0.05.
Conversely, sellers could trigger a price decline toward $0.029 if they regain dominance.
SPX6900 (SPX)
SPX has bucked the past week’s broader market slowdown to post double-digit gains. Up 11% over the past week, the meme asset trades at $0.95 at press time.
The setup of SPX’s Moving Average Convergence Divergence (MACD) on the daily chart confirms the buying pressure in its spot markets. As of this writing, the token’s MACD line (blue) rests significantly above its signal line (orange).
The MACD indicator identifies trends and momentum in an asset’s price movement. Traders use it to spot potential buy or sell signals through crossovers between the MACD and signal lines.
As with SPX, when an asset’s MACD line is above its signal line, it indicates bullish momentum, suggesting that the asset’s price may continue to rise. Traders view this crossover as a bullish signal, supporting SPX’s ongoing rally.
If the rally persists, the meme coin could break above $1 and climb toward $1.21.
On the other hand, if buying activity stalls, SPX could shed recent gains and plunge to $0.84.
Trading Volumes Spike, But Meme Market Retail Boom Yet to Return
While these altcoins appear poised for potential gains over the next few weeks, the general meme market may face some headwinds. In an interview with S, Community Lead at Neiro, summer months typically see a slowdown in broader market activity, and meme coins are not immune to that seasonal trend.
“It still feels early for full-blown market euphoria. Historically, summer tends to be slower across financial markets, crypto included. Whether we see a pullback is anyone’s guess, but momentum is essential, when things stop growing, they often start fading. If that momentum slows, it’s something the market should take seriously,” S noted.
S added that while the trading volumes have spiked, the meme coin market has yet to see a return to the retail mania of 2021. For now, activity remains largely driven by crypto-native investors and whales.
“So far, it looks like most of the activity is still coming from crypto-native circles. We haven’t seen the kind of mainstream retail frenzy we saw in 2021 or even 2017. That wave hasn’t hit yet—but when it does, it’s bound to bring with it the chaos, creativity, and memes we all know and love. Personally, I’m looking forward to that.”
JUST IN: President Trump is naming a REPLACEMENT Labor Statistics Commissioner after he fired the Biden holdover, who severely down-revised the jobs report, in the next 3-4 days.
) Jed Didn’t Leave Ripple. He Was Assigned to Start Stellar.
(@StellarNews007) 
I have signed a presidential decree to tokenize over 1,700 hectares of land in the Central African Republic.
The Real World 2.0 is nearly here and it’s about to go NUCLEAR.
