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Fidelity’s bid to launch a Solana ETF has been delayed again. The US Securities and Exchange Commission (SEC) confirmed the delay on July 7, 2025. The filing, submitted by Cboe BZX Exchange, is part of a proposed rule change to list and trade the Fidelity Solana Fund. SEC Initiates Review of Fidelity’s Solana ETF Proposal
The post Solana ETF Launch Delayed Amid Wait for SEC’s Crypto ETF Framework appeared first on CoinGape.
Solana-based meme coin FARTCOIN has emerged as the top-performing cryptocurrency in the market today, surging by 19% over the past 24 hours.
It trades at its highest level since January 30, marking a 12-week peak. With buying activity still underway, the meme coin seeks to extend its rally in the short term.
On the FARTCOIN/USD daily chart, bullish momentum continues to build. The token’s positive Balance of Power (BoP) indicator reflects a strong dominance of buyers in the market. At press time, this is at 0.69.
The BoP indicator measures the strength of buyers versus sellers in the market. When its value is positive, buyers are dominating and exerting more pressure than sellers.
Therefore, FARTCOIN’s rising positive BoP suggests increasing demand and the potential for continued upward price movement.
Furthermore, the bars forming FARTCOIN’s Elder-Ray Index have steadily increased in size over the past few days, highlighting a consistent rise in bullish pressure.
The Elder-Ray Index measures the strength of buyers (bull power) and sellers (bear power) by comparing an asset’s high and low prices to its exponential moving average (EMA). When its value is positive, bull power is dominant.
This growth suggests that FARTCOIN’s buyers are gaining greater control of the market, pushing prices higher with each passing session.
As of this writing, FARTCOIN trades at $1.06, just below the major resistance level of $1.16. If demand strengthens and the meme coin manages to flip this price level into a support floor, its rally would gain momentum, potentially pushing the price toward $1.46.
On the other hand, if profit-taking begins, this bullish outlook could be invalidated. In that scenario, FARTCOIN’s value may dip as low as $0.74.
If the bulls are unable to defend this support level, FARTCOIN’s price could fall further to a low of $0.19.
The post Fartcoin (FARTCOIN) Hits 12-Week High With No Signs of Slowing appeared first on BeInCrypto.
Public companies are taking a more aggressive stance on Bitcoin (BTC) than even the much-celebrated exchange-traded funds (ETFs). For the third consecutive quarter, they acquired more BTC than ETFs in Q2 2025.
The trend signals a broader strategic shift among corporate treasuries to adopt Bitcoin as a balance sheet asset.
Barely a month ago, BeInCrypto reported that more than 60 companies are following MicroStrategy’s Bitcoin playbook, with the report coming ahead of the second quarter (Q2) closing.
Based on the latest findings, public companies continue to uphold the MicroStrategy playbook, progressively mainstreaming the strategy in a crypto-friendly US regulatory environment.
According to data on Bitcoin Treasuries, public companies increased their BTC holdings by roughly 18% in Q2, adding approximately 131,000 BTC.
Exchange-traded funds, by comparison, despite their popularity since the US Bitcoin ETF approval wave in January 2024, only expanded their holdings by 8%, or around 111,000 BTC, during the same period.
The trend marks a clear divergence in buyer behavior. While ETFs typically serve investors seeking price exposure to Bitcoin through regulated financial products, public companies acquire BTC with a longer-term strategic mindset.
They aim to increase shareholder value by holding BTC as a reserve asset or to gain exposure to what many view as digital gold.
This shift is particularly significant in the context of US policy. Since President Donald Trump’s re-election, the regulatory environment has shifted in favor of the crypto industry.
In March, Trump signed an executive order establishing a US Bitcoin reserve. This symbolic but powerful move eliminated much of the reputational risk associated with corporate BTC holdings.
The last time ETFs outpaced companies in BTC acquisition was in Q3 2024, before Trump’s return to office.
This Q2 surge included some high-profile moves, including GameStop. The electronics company, once at the center of retail trading frenzies, began accumulating BTC after approving it as a treasury reserve asset in March.
Similarly, Healthcare firm KindlyMD merged with Nakamoto, a Bitcoin investment company founded by crypto advocate David Bailey.
Meanwhile, ProCap, Anthony Pompliano’s new investment vehicle, announced its own BTC accumulation strategy while preparing to go public via SPAC.
We now hold more bitcoin than Gamestop.
The race is on to acquire as many bitcoin as possible.$CCCM $GME pic.twitter.com/Z2RdDl1nYi
— Anthony Pompliano
(@APompliano) June 25, 2025
Nevertheless, Strategy (formerly MicroStrategy) remains the undisputed leader in the corporate Bitcoin race with 597,325 BTC under management. Mara Holdings follows, holding 49,940 coins.
Combined, public companies now hold approximately 855,000 BTC, about 4% of Bitcoin’s fixed supply cap of 21 million.
ETFs still hold more in absolute terms (around 1.4 million BTC or 6.8%), but corporate buying momentum has been stronger in recent quarters.
While the long-term sustainability of the corporate Bitcoin rush is up for debate, the short-term momentum is unmistakable.
As Bitcoin becomes more normalized, traditional institutional investors may bypass proxies such as ETFs and treasuries, eventually gaining direct exposure through regulated channels. Still, corporate treasuries are acting as a powerful new mechanism for pushing Bitcoin forward.
With the regulatory climate aligned and equity markets offering new ways to access capital, companies are leveraging their balance sheets not just to hedge, but to outperform.
The post Public Firms Outpace ETFs in Bitcoin Accumulation for Third Straight Quarter appeared first on BeInCrypto.
Republican lawmakers from the House Committee on Financial Services and the House Committee on Agriculture have unveiled a new crypto bill. The discussion draft seeks to establish a comprehensive regulatory framework for digital assets.
The draft builds on the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the House in 2024. It addresses long-standing concerns about market concentration while fostering innovation and consumer protection.
On May 5, Chairmen French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson unveiled the 212-page discussion draft. One of the draft’s key provisions lowers the threshold for defining an ‘affiliated person’ from 5% to 1%.
“The term ‘affiliated person’ means a person (including a related person) that, with respect to any digital commodity— ‘‘(A) acquires more than 1 percent or more of the total outstanding units of such digital commodity from a digital commodity issuer,” the bill read.
This move aims to reduce the influence of large crypto firms and promote broader participation in the market.
“This bill makes clear the regulatory regime proposed is going to push against that fact and strongly encourage more small-d ‘democratization’ of the space,” Justin Slaughter is the VP of Regulatory Affairs at Paradigm, stated.
The bill also outlines requirements for affiliated or related persons involved in digital commodities. Before the blockchain system associated with the digital commodity is certified as mature, the affiliated person must hold the commodity for at least 12 months from receiving it.
The transactions are limited to 5% of the holdings or 1% of the average weekly trading volume in any 3-month period. Sales must occur through a digital commodity exchange. Furthermore, the draft mandates that the commodity must be used within the functioning of the blockchain system.
Once the blockchain system is certified as mature, the holding period is reduced to 3 months. In addition, the transaction limit is set to 1% of the total outstanding units or 1% of the average weekly trading volume. These regulations aim to prevent market manipulation and ensure fairness in digital commodity transactions.
The discussion draft clarifies the jurisdictional divide between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This will allow digital asset projects to develop under well-defined and distinct sets of rules for securities and commodities.
“Digital asset developers will have a pathway to raise funds under the SEC’s jurisdiction. Market participants will have a clear process to register with the CFTC for digital commodity trading,” the draft’s one-pager noted.
Additionally, the draft prioritizes public and permissionless blockchains, explicitly defining them as the focus of the legislation. Private or permissioned networks may not qualify, aligning with the bill’s emphasis on decentralized systems.
The legislation also permits airdrops—broad, equitable token distributions—under specific conditions. That’s not all. The draft sets forth disclosure requirements and details the procedure for registering digital commodity exchanges.
“Regulatory clarity is long overdue in digital asset markets. Today marks the first step in advancing a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight. It will give digital asset developers and users the certainty they need and have asked for,” Chairman Thompson remarked.
Going forward, the digital assets subcommittees of both House committees will meet for a joint hearing on May 6. Notably, the new bill marks a critical step in regulating the crypto industry. Potential amendments are likely before a House vote.
As digital assets gain mainstream acceptance, this legislation could set a precedent for global regulatory standards, ensuring trust and stability in the market.
The post House Republicans Roll Out Crypto Bill to Curb Big‑Firm Control and Split SEC–CFTC Duties appeared first on BeInCrypto.