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Showing posts from June, 2024

SOL spikes 6% following VanEck’s spot Solana ETF filing

  Solana 's price surged following a new exchange-traded fund filing from the asset manager VanEck. Solana rose from $139.10 to about $148 just minutes after the filing dropped, marking an immediate 6.47% spike.  The token gained 8.45% over the past 24 hours as well, according to The Block's solana price page.  Solana's market capitalization was $68 billion as of publication time. On Thursday morning, VanEck filed an S-1 form with the Securities and Exchange Commission for the VanEck Solana Trust.  Upon announcing the submission, VanEck Head of Digital Asset Research Matthew Sigel explained the firm's reasoning for the filing and why Solana is a commodity.  "We believe the native token, SOL , functions similarly to other digital commodities such as Bitcoin and ETH," Sigel wrote on the social media platform X. "It is utilized to pay for transaction fees and computational services on the blockchain. Like ether on the Ethereum network, SOL can be traded on ...

Quomodocunquize

                                       Definition:  "To make money in any way that you can.” Example:  Rather than quomodocunquizing,  invest your money wisely . Please, please, please use a hardware cold wallet like Ledger . It's  a  cold wallet ,  cold  =  not exposed  to  internet  =  only your hardware device . ...  Use Ledger  as  cold storage . Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. --Will Rogers A wise person should have money in their head, but not in their heart. --Jonathan Swift Wealth consists not in having great possessions, but in having few wants. --Epictetus Money often costs too much. --Ralph Waldo Emerson Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christophe...

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