Canadian asset manager 3iQ has filed a prospectus with the Ontario Securities Commission (OSC) to launch North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).

Cryptocurrency exchange Gemini has announced its campaign finance project to facilitate campaign contributions to pro-crypto candidates in the United States ahead of the upcoming Presidential election in November.

Nasdaq-listed business intelligence firm MicroStrategy, the largest corporate holder of Bitcoin, has purchased an additional 11,931 BTC for approximately $786 million, bringing its total holdings to 226,331 coins.

Top stories in the Crypto Roundup today:

• Canadian Asset Manager Files to Launch First Solana Exchange-Traded Product
• Gemini Launches Campaign Finance Initiative for Pro-Crypto Candidates
• MicroStrategy Acquires Additional 11,931 Bitcoin, Boosting Total Holdings to 226,331 BTC
• Crypto Market Movers – CVX, ONDO, XMR

Canadian Asset Manager Files to Launch First Solana Exchange-Traded Product

Canadian asset manager 3iQ has announced it filed a prospectus with the Ontario Securities Commission (OSC) to launch North America's first publicly traded Solana exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).

The fund, named the Solana Fund and set to trade under the ticker symbol QSOL if approved by the OSC, will offer investors exposure not only to the price movements of Solana's SOL token but also to staking yields generated by the network.

3iQ was notably one of the first cryptocurrency fund managers to launch a Bitcoin fund on the TSX and was the first to launch a publicly listed Ether fund, which is also traded on the Toronto Stock Exchange.

Gemini Launches Campaign Finance Initiative for Pro-Crypto Candidates

Cryptocurrency exchange Gemini has announced its campaign finance project to facilitate campaign contributions to pro-crypto candidates in the United States ahead of the upcoming Presidential election in November.

Gemini’s announcement followed $2 million in campaign contributions from the platform’s founders Cameron and Tyler Winklevoss to the re-election campaign of former U.S. President Donald Trump.

Ahead of the launch, Tyler Winklevoss criticised the Biden administration’s hostility towards the cryptocurrency industry, saying “the crime is always success and the reward is always ridicule, fines, and even more red tape.”

Gemini’s campaign finance project comes after rival cryptocurrency exchange Coinbase’s “Stand with Crypto” political action committee (OAC) announced it garnered 1 million advocate signatures from pro-crypto voters.

MicroStrategy Acquires Additional 11,931 Bitcoin, Boosting Total Holdings to 226,331 BTC

Nasdaq-listed business intelligence firm MicroStrategy, the largest corporate holder of Bitcoin, has purchased an additional 11,931 BTC for approximately $786 million, bringing its total holdings to 226,331 coins.

The purchase, made between April 27 and June 19, saw MicroStrategy add more Bitcoin to its treasury at an average price of $65,883 per BTC, raising its cost basis for its entire $14.9 billion holdings to $8.33 billion, reflecting an average price of $36,798 per bitcoin inclusive of fees.

This latest acquisition follows a previous purchase of 9,245 BTC for $623 million back in March, which was followed by two smaller transactions that pushed the firm’s holdings past 1% of Bitcoin’s total supply of 21 million.

The move came after MicroStrategy successfully completed a private convertible senior note offering, with the notes carrying a 2.25% coupon and a conversion premium of approximately 35% over the average price of the company's common stock.

Crypto Market Movers – CVX, ONDO, XMR

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Convex Finance (CVX) - Convex Finance (CVX) is a decentralized finance (DeFi) protocol on the Ethereum blockchain, primarily aligned with Curve Finance. Its role is to enhance staking rewards and yield optimization for CRV token holders and Curve liquidity providers. The platform is noted for its approach to decentralized asset management, utilizing proof-of-stake mining and liquidity pools to distribute rewards​

Ondo (ONDO) – Ondo is a decentralized finance (DeFi) project that offers risk-isolated, fixed-yield loans backed by yield-generating crypto-assets. It is a permissionless protocol allowing users to engage in peer-to-pool interactions without intermediaries. Ondo Finance, which includes the ONDO token, is backed by Coinbase and is a part of the Ethereum ecosystem.

Monero (XMR) - Monero (XMR) is a secure, private, untraceable digital currency, and a form of decentralized cryptocurrency that is based on cryptographically secure technology. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. Monero (XMR) is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.