The SEC's latest outreach programme is already having a significant impact on the markets.
The U.S. Securities and Exchange Commission (SEC) Crypto Task Force has begun considering whether staking should be allowed in crypto exchange-traded products (ETPs) after meeting with Jito Labs and Multicoin Capital on February 5, 2025.
Litecoin (LTC), Jito (JTO), and Bittensor (TAO) added between 17% and 22% to their values in the past seven days, according to CoinGecko data. Bitcoin's resilience and the market-wide recovery in crypto has paved the way for gains in altcoins.
The U.S. SEC reassessed its stance on crypto staking under former chair Gary Gensler, signaling willingly to include the feature in ETFs.
The SEC's engagement with crypto firms on staking in ETPs could reshape investment strategies and enhance blockchain network security. The post SEC's Crypto Task Force engages with Jito Labs, Multicoin Capital on staking for crypto ETPs appeared first on Crypto Briefing.
The U.S. Securities and Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to discuss the potential inclusion of staking in exchange-traded products (ETPs). This discussion was part of the SEC's ongoing efforts to establish a clear regulatory framework for cryptocurrency investment products.
Jito Labs and Multicoin Capital argue staking would benefit investors and bolster the security of the underlying blockchain.
Jito (JTO), the liquid staking protocol on the Solana (SOL) network, has recently seen a notable surge in price, driven by an increase in network activity and technical momentum. The coin broke above the crucial $2.90 resistance level, signaling a potential for continued upward movement.
Solana-based liquid staking protocol Jito thrives amidst the prevailing broad market uncertainty. JTO has recorded price surges with increased network activity, confirming a flourishing ecosystem. The altcoin trades at $3.11. Notably, the latest surge propelled JTO past a key descending wedge pattern.
Jito breaks out of a falling wedge, confirming a bullish breakout as Open Interest rises by 6.46% on major exchanges.
Crypto prices bounced back this week even after the US published strong inflation data, raising concerns that the Federal Reserve will maintain higher interest rates for longer. Bitcoin price held steady above the support at $96,000, while the total market cap of all coins jumped to over $3.2 trillion.
Jito (JTO) has garnered attention in the crypto market, especially after its role in the Solana blockchain's liquid staking ecosystem. The coin's price has seen a range of fluctuations, with analysts predicting a notable rise in value in the coming years.
Cardano has been a popular cryptocurrency with over $15.6 billion in staked volume and millions of holders. Yet ADA has been a laggard in the crypto industry, with its price being 76% below its all-time high, and its ecosystem lagging that of other layer-1 blockchains.
Here is how some of your favorite assets concluded the week.
The altcoin market witnessed intense growth in January following Donald Trump's return to the White House. In January, the Official Trump meme coin gained significant spotlight as it recorded multiple ATHs in a few hours. As a result, January was a rocky month for the market.
The cryptocurrency market edged lower, with total market capitalization dropping 1.3% to $3.74 trillion amid continued volatility. As uncertainty grows, investors are increasingly turning to altcoins to diversify portfolios and capitalize on potential growth opportunities.
With Bitcoin (BTC) rebounding after the Federal Reserve's decision to hold interest rates steady, market sentiment has turned bullish once again following a broader sell-off. Amid this recovery, specific altcoins are showing strong upside potential.
Ethereum price has been a major laggard in the crypto market this year as it remains in a technical bear market. While ETH typically rebounds in February, investing in quality Ethereum rivals may be a good option to generate strong returns and diversify a portfolio.
Jito surged over 8% on Wednesday as the network outpaced several blue-chip blockchain networks in fees. Jito (JTO), the largest liquid staking platform on Solana (SOL), has become the second most profitable entity in the crypto industry after Tether.
Oracle platform Switchboard becomes the first crypto startup to launch a Jito node consensus network. The on-chain oracle provider announced on Jan.16 that it was launching the first Jito (JTO) node consensus network on the Solana (SOL) mainnet.
Jito's new Chief Legal Officer Rebecca Rettig will help the firm navigate the changing legal and regulatory landscape.
With approximately 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity.
Jito, the biggest liquid staking project on Solana, is doing well as the total value locked (TVL) in its platform and its fees hit a record high. According to data on its website, Jito (JTO) has a TVL of 14.
Crypto exchange behemoth Binance issued a vital update on the crypto tokens Arkham (ARKM), Jito (JTO), StormX (STMX), TROY, BLUR, Convex Finance (CVX), Celestia (TIA), and SUN. Notably, the crypto exchange revealed that it is updating the ‘Monitoring and Seed' tags for these mentioned assets, sparking market discussions globally.
Grayscale updates its Top 20 tokens for Q1 2025! New additions include Hyperliquid, Ethena, and more, with Optimism and Chainlink making a comeback.
Explosive growth for Solana validators: the key role of MEV.
More than 93% of Solana's validators use Jito's software for MEV, according to Jito Labs.
More than 93% of Solana's validators use Jito's software for MEV, according to Jito Labs.
As the bullish trend in the broader market continues, the Solana-based altcoin, Jito, faces a sharp pullback. As the JTO price drops under the $3.50 crucial milestone, the buyers are under panic. Will a double top reversal result in a pullback to the $2.68 support level? Let's find out in our latest JITO price analysis.
The cryptocurrency market faces a substantial supply expansion between December 2 and December 9, with Jito (JTO) leading cliff-based token unlocks. According to the data from Tokenomist, the total value of scheduled unlocks exceeds $1.14 billion.
Token unlocks may heighten market volatility, impacting investor sentiment and potentially influencing long-term crypto market dynamics. The post Cardano, Jito, and Aptos set for $700M token unlock this month appeared first on Crypto Briefing.
Certain big names in the altcoin market are gearing up for an influx of tokens as a wave of token unlocks is approaching. According to data provided by Tokenomist, a notable number of major altcoin projects are set to experience a surge in circulating supply during the first week of December.
With Bitcoin crossing above $91,000, crypto investors' rising risk appetites tease a bull run in altcoins. Amid the increasing demand, many have hit a new 52-week high, with the reversal rally gaining momentum.
Investors in Jito's JTO token could soon start collecting native yield on top of their holdings.
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Leading Solana MEV infrastructure protocol Jito temporarily experienced downtime early on Wednesday morning.
Jito Labs recorded $78.92 million in monthly fees for October, doubling its previous record of $39.45 million set in May.
Jito SOL opened the first round of liquid staking, with a limit of $25M. Liquid staking may tap the value of SOL without the need to trade directly.
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Jito, the biggest staking network on Solana, is performing well as assets in its ecosystem soar to a record high. Jito (JTO) token rose to the important resistance point at $2.50, its highest swing since Sep.
Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.
Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.
Korean markets expanded their listings, with Bithumb opening KRW pairs for JitoSOL (JTO) and EtherFi (ETHFI). Upbit listed a new KRW market for the BIGTIME token, belonging to the original RPG game Bigtime.
Liquid staking protocol Jito and restaking platform Fragmetric have launched a new liquid restaking token on Solana dubbed fragSOL.
With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer.
The crypto market has been trading mixed lately, but amidst the chaos, Solana has emerged as a standout performer. Over the last 18 months, Solana has consistently outpaced other blockchains, even surpassing Ethereum in several key metrics.