🇨🇦 Canada Approves the First Solana Spot ETFs with Staking
Welcome to the Wednesday, April 16, 2025, Daily Tribune ☕️
Hello Cointribe! 🚀
Today, we are Wednesday, April 16, 2025, and as every day from Tuesday to Saturday, we summarize the latest 24-hour news you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🇺🇸 The United States considers Bitcoin as a strategic reserve
Bo Hines, the executive director of Crypto Council, proposes integrating Bitcoin into national reserves, comparing it to gold in terms of long-term performance.
📈 XRP overheated on Binance without major announcement
On Binance, more than 72% of traders are adopting a bullish position on XRP, despite the lack of fundamental news.
🔌 Binance and KuCoin affected by a major AWS outage
An AWS services interruption in Japan causes disruptions on Binance and KuCoin, impacting operations for millions of users.
🇨🇦 Canada approves the first Solana spot ETFs with staking
Canada approves the first ETFs backed by Solana, including a staking option, a world first for an asset other than Bitcoin or Ether.
Crypto of the day: Core (CORE)
Core is a layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), designed to provide a robust environment for decentralized applications. It innovates with a hybrid consensus mechanism called Satoshi Plus, which combines the hashing power of the Bitcoin network with a delegated proof-of-stake (DPoS) model. This unique system aims to reconcile security, scalability, and decentralization — the three pillars often difficult to balance in traditional blockchains. Core is managed by the Core DAO, a decentralized organization overseeing ecosystem development and community reward distribution.
The CORE token is used to pay transaction fees, participate in protocol governance via the DAO, and receive incentives through various reward mechanisms. Its initial distribution was designed to balance users, technical contributors, and node operators. The network also encourages application development through a grant system called S-Prize, enhancing the ecosystem's attractiveness.
Recent performance:
Current price: 0.5690 USD
24-hour change: +12.11%
Market capitalization: approximately 568.65 million dollars
Rank on CoinMarketCap: #93
Bitcoin: Companies speed up their strategic accumulation
Bitcoin is increasingly establishing itself as a strategic asset for companies. According to Cointribune, 79 companies now hold nearly 700,000 BTC, approximately 3.28% of the total supply, worth an estimated $57 billion. This trend marks a significant evolution in how companies perceive and integrate cryptocurrencies into their financial strategy.
A rapidly growing dynamic
Bitwise data reveals a 16.11% increase in Bitcoin holdings by companies over the past quarter. Strategy, in particular, stands out with a recent acquisition of $285 million in BTC, bringing its holdings to 531,000 BTC. This aggressive strategy reflects a growing conviction that Bitcoin has become a necessity rather than an option.
New entrants and accounting innovations
Twelve new publicly traded companies joined the movement this quarter, adopting similar strategies. The adoption of the FASB standard, which allows Bitcoin to be valued at its fair value, has removed a major psychological barrier for companies. Companies like Metaplanet in Japan now aim for ambitious targets, with a goal of 10,000 BTC by December.
The accumulation of Bitcoin by companies is no longer a marginal phenomenon. It reflects a profound transformation of investment strategies, where Bitcoin is seen as a growth lever and a store of value. With a limited supply of 21 million BTC, this trend could increase the rarity of the asset and strengthen its role in the global economy.
