By Kapil Rajyaguru
Grayscale Files With SEC For Spot Solana ETF.
Digital asset manager Grayscale Investments filed with the United States Securities and Exchange Commission to launch a spot Solana exchange-traded fund (ETF).
If approved, the Grayscale Solana Trust, under the ticker GSOL, would trade on the New York Stock Exchange, according to a 19b-4 filing with the SEC on Dec. 3.
According to the filing, Coinbase Custody will serve as the custodian for Grayscale’s spot Solana ETF, and BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, will act as the trust’s administrator and transfer agent.
Bitcoin Miner Foundry Lays Off Staff Amid Restructuring.
Foundry, the world’s largest Bitcoin mining pool, has laid off 27% of its staff amid a planned restructuring. The layoffs include 16% of Foundry’s United States-based workforce and a portion of its team in India as well, the person said.
According to a November shareholder letter, Foundry’s parent company, Digital Currency Group (DCG), announced plans to spin out Foundry’s self-mining business into a separate entity under DCG’s control.
MARA Rolls Out Advanced ASIC Recycling With Wind Power.
MARA, the Nasdaq-listed cryptocurrency miner formerly known as Marathon Digital, has acquired a wind farm in Hansford County, Texas. The facility will see the first implementation of the company’s Advanced ASIC Retirement Initiative.
MARA announced a definitive agreement for the acquisition of the facility on Dec. 3. The facility boasts 114 MW of operational wind generation and 240 MW of unconnected interconnection capacity.
Curve Finance Monthly Revenues Up More Than 20% On DeFi Surge.
Decentralized exchange Curve Finance has clocked annualized revenues of nearly $37 million during the past 30 days, according to data from Token Terminal.
This increase of nearly 23% from the previous month can be attributed to the “increased demand for leveraged financing and the introduction of the new savings vault and the scrvUSD token.”
Launched in 2020, the relatively old decentralized finance (DeFi) protocol has taken steps this year to compete with younger rivals.
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