Dubbed the "Ethereum Killer," the American blue-chip blockchain Solana's token SOL maintains a bullish trend at $177.38, with a weekly increase nearing 10%. In a rare move, CNBC discussed the possibility of the Solana spot ETF being approved. Meanwhile, Solana's project Jupiter announced a significant plan to tokenize assets such as stocks, forex, and real-world assets (RWA) onto the blockchain.
According to Watcher.Guru, CNBC discussed the potential approval of the Solana spot ETF following the approval of the Ethereum spot ETF.
The Block reported that the U.S. Securities and Exchange Commission (SEC) called exchanges on Tuesday to inform them of the upcoming approval of the 19b-4 applications for the Ethereum spot ETF this week.
A source told foreign media that the SEC's recent 180-degree shift in stance on the Ethereum spot ETF is due to political pressure, particularly after Republican presidential candidate Trump gave a speech supporting cryptocurrencies.
Eric Balchunas, a senior analyst at Bloomberg, tweeted that he heard the SEC wants the revised 19b-4 filings for the Ethereum spot ETF to be returned to them, and approval could come as early as Wednesday local time.
Following Bitcoin, the Ethereum spot ETF has again sparked market interest. Now, with CNBC discussing Solana, investors are increasingly focusing on the trends of this star blockchain.
On Wednesday, Jupiter, a decentralized finance (DeFi) star project and liquidity aggregator in the Solana ecosystem, announced the launch of the Giant Unified Market (GUM) plan. This plan aims to bring meme coins, real-world assets (RWA), stocks, and forex assets to the Solana chain and index them on Jupiter.
Jupiter stated that achieving the Giant Unified Market plan requires three elements: more assets, more liquidity, and greater accessibility.
Therefore, Jupiter decided to establish the GUM Alliance, consisting of top-tier assets, liquidity, and marketing teams, including the Solana Foundation, market makers Wintermute, and DWF Labs. Over the next few months, the alliance will focus on the following goals: bringing more assets onto Solana, creating liquidity markets for these assets, integrating these markets into the Jupiter platform, and encouraging user participation.
Additionally, Jupiter's LFG Launchpad platform will start its third round of voting. However, the rules for this round will differ from the previous two. In the first two rounds, JUP token stakers voted to select the top two projects from six candidates, allowing them to issue tokens through the LFG Launchpad.
This round of voting will change to select the highest-voted project from three candidates for token issuance. The voting rates for each project will be hidden to ensure voters can choose projects more fairly.