Solana ETF, BTC Summit, and More | Airdrop Alert Pro

This week in cryptocurrencies, there are several big news in progress that can impact the portfolios of participants in various ecosystems.

From critical deadlines and web development to critical summits and launches, traders and investors have the following headlines.

Next Solana ETF deadline

Next Solana etf (Exchange Trading Fund) Approval deadline is tomorrow, March 11. This deadline marks the end of some initial 240-day review periods Solana ETF files, for example from Vaneck and 21sharesfiled in mid-2024 and approved by the Securities and Exchange Commission.

For other files, e.g. Grayscale applicationthe final deadline may be extended until October 2025. However, posts on X (Twitter) and some analysis suggest that March 11 is a key date for the initial or unified SEC response to multiple applications.

Crypto market participants are cautiously optimistic. Forecasting market bull market estimate In 2025, the likelihood of approval is high (up to 80%).

Optimism comes from more expectations Crypto-friendly regulatory environment under the Trump administration and leadership Paul Atkins at SEC. However, some experts warn that approval will not be obtained until 2026 due to ongoing regulatory barriers.

“The biggest Solana win from the new Trump presidency will be our long-awaited ETF in 2025 or 2026. It’s no surprise that the incredible Vaneck team will lead here with the support of 21shares and Canary Capital,” he said. explain Dan Jablonski, head of growth at Syndica, news and research firm.

SEC has been previously marked Solana ((sol) Not registered Safety In lawsuits against exchanges such as Coinbase and Binance. In order for ETFs to be approved as commodity-based products, the SEC must change its position or address these legal challenges. The firing or softening of these lawsuits could significantly increase approval odds.

Aave Dao suggests

this ghost road I am exploring the introduction of SGHO, a local savings product Stablecoin GHO. This will enhance the utility and adoption of GHO in decentralized finance (defi) Ecosystem.

The SGHO of the network is conceived as based on Gho Stablecoin by Aave. This is a decentralized, over-the-counter, dollar asset Launched in 2023. AAVE founder Stani Kulechov emphasized the proposal of SGHO to provide passive income opportunities for GHO holders while maintaining stability.

“SGHO will introduce savings rates on the staple food chain for AAVE users, which are excellent entry-level products on the chain for new users,” Kulechov Explained recent.

It draws inspiration from models like Sky’s Susds (formerly Makerdao) Stablecoin Holder’s savings rate.

Senator Loomis’s Bitcoin Strategy Summit

Senator Cynthia Lummis, Vocal cord Bitcoin advocateThe “Bitcoin American” summit to be held in Washington, DC on March 11, organized by the Bitcoin Policy Institute. This invitation-only event, which is streamed online in certain parts, is designed to shape the U.S. Bitcoin strategy.

Recently, she proposed Sell ​​Fed gold to fund Bitcoin reserves. She thinks that reserves can help Solve the country’s $36 trillion government bonds. Key participants in the summit Including industry leaders Michael Saylor of Strategydecision makers, And the treasurer, sent bipartisan momentum to Lummis’ Lummis Bitcoin Act.

The legislation proposes US strategic Bitcoin reserves, Target is 1 million BTC (5% of total supply) and hold for 20 years Strengthen the US dollar and reduce Treasury bonds.

With Trump’s pro-Cretto stance and Republican-led Congress, approval odds are increasing, possibly within his first 100 days. For the crypto market, this may mean institutional adoption, price increases volatility If the United States starts Buy BTCand other countries’ precedents.

“Senator Lummis is stirring the pot, suggesting weapons races on Bitcoin, not weapons. If the United States starts to hoard BTC, we are talking about the earthquake shift in global dynamics – military forces can get close to digital asset advantages,” a user on x Famous.

However, regulatory barriers and Bitcoin fluctuations There are still risks. Participants should focus on the summit outcomes as they can redefine the role of Bitcoin in U.S. finance.

Frax Finance extends Stablecoin to Solana

Frax Finance, Fractions – Superposition Stable State Frax recently announced plans to expand its Stablecoin ecosystem to Solana High-performance blockchain. The move was teased in early 2025 and aims to leverage Solana’s speed, low cost and growing Defi ecosystem to increase adoption of Frax.

Cryptocurrency market participants should note that Frax is currently pegged to USD (such as USDC) and algorithms are stable. It can enhance Solana’s stable liquidity and challenge leading players such as USDT and USDC.

Extensions are consistent with Frax’s multi-chain strategy, which spans Ethereum, polygons, and avalanche. Solana’s $1 billion + local stable issuance and scalability make it a strategic fit.

Therefore, this expansion can bring Generate opportunities Loans through Frax and Liquidity poolalthough there is still a risk of PEG stability.

Sports mainnet launch

Movement, an ecosystem based on modular movement Layer 2 (L2) Blockchainlaunching its mainnet today at 15:00 UTC on March 10th. It marks Ethereum’s first mobile virtual machine (MOVEVM) L2, an important milestone.

Built by Sports Labs, the launch promises up to 160,000 transactions per second (TPS). It utilizes a secure, rusty-based programming language originally developed for Diem of Meta.

It is Ethereum compatibility Enable seamless settlement and multi-asset liquidity plans to launch adoption of Defi.

Mobile Token Power Gasoline feeStick and Governance. yes Launched in December 2024 Use 10% airdrop via MoveRop. Investors should be prepared for price fluctuations in moving, which was traded at $0.46 as of this writing.