13 days ago
Canada has become the first country to launch a Solana spot ETF with staking. The Ontario Securities Commission (OSC) has approved four asset managers to offer the new spot Solana: Purpose, Evolve, CI, and 3iQ. The Solana ETF will invest in physical $SOL long-term and stake them to earn more rewards. This will result in better returns than Ether staking. Read on to discover how this development could affect the larger crypto market. We’ll also talk about the Solaxy presale and how it’s at the center of Solana’s potential rise. The Heating ETF Race The SEC approved a Bitcoin-pegged ETF in the US back in January 2024. However, it’s still mulling over a staking-enabled ETF, and Grayscale’s proposal to introduce staking in its spot ETH ETFs is on hold. Canada has always been a step ahead of the US in this aspect. For instance, it launched its first Bitcoin ETF back in 2021. But it’s likely only a matter of time before the US follows suit. Bloomberg analyst James Seyffart says that it may happen as soon as the end of 2025. A lot of this development can be credited to the pro-crypto Trump administration. The president’s open support for crypto, backed by increasingly relaxed legislation, promises to propel crypto to new heights. The global ETF race is now heating up, with multiple applications pending with regulators. For example, the SEC is sitting on multiple applications for ETFs backed by different cryptocurrencies, such as Litecoin, XRP, Solana, and more. Hong Kong and Australia have also also launched their own crypto ETFs. Solana’s Price Showing Strength Besides the ETF buzz, Solana has also shown some technical strength over the last month. $SOL gained over 30% last week and is now trading at $133. Although still far from the $300 mark, a positive mini-rally has investors hopeful. The SOL/ETH pair has also rallied over 45% since the last week of February. It surged 25% in April alone and is currently trading at around 0.08012, close to its all-time high. The growing strength of $SOL over $ETH shows that it may outperform the latter in the coming weeks, which is exactly what the OSC thinks. BitBull, a popular crypto trader, compared the current $SOL setup with $ETH in 2021. Ethereum was trading around $1,600 in March 2021 and formed the same pattern as Solana has formed now. Post this, $ETH made a new high of around $4,500 in just 3 months. $SOL may follow a similar path, which means the $300 level may not take long. What’s Stopping Solana? Solana’s potential to rise to the ranks of $ETH and $BTC is undeniable. However, so far, it’s been unable to realize its true potential due to the network’s scalability issues. For context, Solana has always been perceived as the meme coin blockchain, thanks to its lightning-fast speeds and low costs. However, this changed after the launch of $TRUMP and $MELANIA. These two hyper-successful meme coins brought loads of new investors onto the Solana blockchain. A sudden spike in traffic overloaded Solana to the point where transactions either took a long time to go through or failed outright. In other words, Solana is in dire need of improved scalability. This is where a new cryptocurrency, Solaxy ($SOLX), comes in. Solaxy Promises to Breathe New Life Into Solana Don’t mistake Solaxy for just another meme coin on Solana. It’s a revolutionary token designed specially to solve Solana’s network congestion. It’s a meme coin with real utility. By building Solana’s first-ever Layer 2 scaling protocol, $SOLX will be Solana’s new support system. It will batch-process many of Solana’s total transaction requests on a sidechain, significantly reducing the burden on Solana’s mainnet. This will enhance throughput and ultimately crank up Solana’s scalability and speed back to, or even beyond, the levels it was always renowned for. It’s also worth noting that $SOLX , Solaxy’s native cryptocurrency, comes with multi-chain compatibility. It combine the benefits of Ethereum and Solana, merging the former’s vast liquidity pool with the latter’s speed and low fees to rejuvenate the home of the meme coins . $SOLX Could Be the Next Crypto to Explode Solaxy ‘s one-of-a-kind mission has been all the talk. The crypto went into presale just a few months ago and has already surpassed $30M in funding, making it easily one of the best crypto presales on the market right now. Moreover, Solaxy’s large presale purse comprises both retail crypto investors and large whale buyers alike, which shows market-wide interest in the project. The best part, however, is that you can still buy $SOLX at a very low presale price of just $0.001694 per token. Additionally, we predict $SOLX could reach $0.2 by 2030 – a markup of over 11,800% in less than five years. No wonder it’s primed to be the next crypto to explode . To help you with the purchase process, here’s a guide on how to buy Solaxy . For more technical information about the project, check out Solaxy’s whitepaper . You can also subscribe to their X feed and join their Telegram channel for regular updates. Last, we’d like our readers to remember that the crypto market guarantees no returns. Invest carefully and do your own research. Our articles are not financial advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bybit Introduces API Access for On-Chain Earn and Flexible Savings
DUBAI, UAE, April 28, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, now offers API access for its On-Chain Earn and Flexible Savings products. Expansion to other Earn product types is currently in progress. Full technical specifications and integration instructions are available in the official API documentation . This new integration gives institutional users and developers the ability to connect directly with Bybit’s infrastructure, enabling efficient, automated, and scalable management of their yield-generating strategies. Bybit’s On-Chain Earn products allow users to earn rewards by participating in blockchain-based (or “on-chain”) financial opportunities such as staking and liquidity protocols. These products provide users with a DeFi-like experience by enabling interaction with smart contracts on public blockchains without the need for technical expertise. Staking in the crypto world often demands significant technical know-how and dedicated hardware, making it inaccessible for many. Bybit’s On-Chain Earn removes these barriers by handling the complexities behind the scenes — including gas fees, node operations, and reward distribution — so users can stake with ease and confidence. An API, or Application Programming Interface, is a tool that allows different software systems to communicate. Bybit’s API allows developers and institutional users to programmatically access On-Chain Earn and Flexible Savings functions through their own platforms, enhancing customization and operational control. “Bridging centralized access with decentralized opportunity is one of our core missions,” said Jerry Li, Head of Earn & Wealth Management at Bybit. “With API support for On-Chain Earn, we’re giving power users the infrastructure they need to build, manage, and fine-tune strategies with the speed and precision the market demands.” The API offers structured access to key functions, including: An overview of currently available On-Chain Earn products, with filters by token and product category (LST, non-LST, or Mint), Detailed product data such as estimated APYs, staking terms, redemption timelines, minimum and maximum limits, exchange rates, and reward distribution mechanisms, Historical and real-time tracking of staking and redemption, Summaries of current positions and accrued rewards, Programmatic access to eligible Earn products for subscription and redemption, tailored to each supported mechanism. This release marks a key step in Bybit’s continued efforts to support advanced users with infrastructure that connects centralized tools to decentralized finance opportunities. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube NewsBTC
Cardano and Solana Holders Are Piling Into a New Token Dubbed ‘XRP 2.0’ by Investors
Cardano and Solana investors are now witnessing a massive hype and anticipation wave as they eagerly look forward to a new token that has been affectionately dubbed by investors as ‘XRP 2.0.’ While larger ecosystems such as Cardano (ADA) and Solana (SOL) keep expanding and developing, the majority of fans and investors of these cryptocurrencies are now turning towards RTX . This is not merely coincidental; RTX has been referred to as “XRP 2.0,” which speaks volumes about its new and improved approach to the intricacies involved in worldwide money transfers. Given these events, let’s take a closer look at the reasons why Remittix is now garnering so much attention and interest from the crypto world and beyond. Remittix (RTX) Momentum Builds Among Investors Momentum continues to build and gather strength for Remittix, popularly referred to as RTX. Remittix has been able to amass a staggering amount of over $14.6 million, trading at a current price of $0.0757 for every token. Besides this success, the firm has also sold over 529 million tokens to investors. As per the analysis presented by Mitrade , this fast and high rate of growth is reflective of the high degree of confidence that investors have in the practical and real-life use of RTX in the large and continuously developing worldwide remittance market. Analysts working with CoinCentral have done a comprehensive review versus Remittix, comparing it to the infrastructure being leveraged over at Ripple. They have praised its phenomenal ability to reduce fees considerably while pointing to the immense speed with which transactions are processed and settled. Remittix has a very clear and differentiating use case that makes it stand out, in a sense giving it a huge edge not just over speculative meme coins but even over platforms that are a bit slower in nature. There are several reasons why increasingly more Cardano and Solana investors are embracing the current trends existing within today’s market. Why Cardano and Solana Investors Are Joining the Shift The latest addition of XRP to Cardano’s Lace Wallet speaks volumes about the platform’s firm dedication to bringing about interoperability between different cryptocurrencies and blockchain networks. Nevertheless, in spite of this remarkable development and enhancement, ADA’s price still exhibits a mediocre performance, trading at the $0.65 level. Source: TradingView Meanwhile, Solana’s outlook is mixed. SOL is now trading at a price very near $148.52, and based on technical analysis, there are signals that indicate the possibility of rallies or breakdowns in its price. Cointribune has reported and explained this in detail. According to CryptoDnes , the enthusiasm and hype for Remittix are continuously growing since it is offering users instant financial use cases that are proving to be greatly useful to them. Why Investors Are Calling Remittix ‘XRP 2.0’ Remittix’s focus on enabling cross-border payments is indicative of the core purpose that XRP is representative of, but it differs by taking an innovative and contemporary approach that differentiates it from conventional practices. The professionals at CryptoTimes have the opinion that there are market segments that have remained unpenetrated or unreached by XRP, but which can be captured by RTX. Given the large and valuable remittance market that we have today, it is evident that the potential growth prospects of Remittix may be huge and sizable if the adoption trend continues to evolve. Along with this, several platforms, including CryptoDnes , are predicting that if Remittix’s growth keeps speeding up, it can go on to stand alongside some of the bigger names in the cryptocurrency market, including more established players like BNB and Dogecoin. Conclusion: Remittix (RTX) Is Gaining Real Traction The exodus of investors from Cardano and Solana to the new platform called Remittix (RTX) shows that there is a dramatic shift in the focus and priorities of the market. Instead of just putting their bets on possible upgrades to platforms or depending on other institutional narratives, many are now focusing on projects that are aimed at tackling and solving real-world financial problems and issues encountered by individuals in their day-to-day lives like Remittix. Sending and receiving money from anywhere just got so much easier with Remittix, especially with its PayFi system that allows crypto-to-fiat transactions . These factors combined are setting Remittix up to not just garner the attention of investors but also to solidly secure its position as an industry leader for 2025 and for many years to come. The focus on making transactions easy to conduct across international borders is especially appealing to a huge base of users looking for payments that are as fast as they are affordable. This factor is majorly responsible for the sustained popularity of RTX. Get a chance to be a part of the future of cross-border finance with Remittix, especially while the prices are at a nascent stage and favorable level conducive for investment. Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC
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