Web3 🌗 Roundup: Solana ETF, Doja Cat Hack, Celestia Surge, Messi's Coin Spike!

In the fast-evolving landscape of cryptocurrency and Web3 technologies, today's developments highlight both the promise and pitfalls of digital assets. From groundbreaking ETF plans to unexpected celebrity endorsements and market surges, the day has been packed with notable events. Let's delve into the latest advancements shaping the future of finance and digital innovation. Whether you're an investor, enthusiast, or simply curious about the latest trends in blockchain, there's much to uncover and discuss. Join us as we navigate through today's significant milestones in the world of Web3 and cryptocurrency.

1. VanEck, 21Shares confirm Solana ETF plans in Cboe filing

New attempts are being made to introduce Solana (SOL) exchange-traded funds (ETFs) after previous failures. Cboe Global Markets has filed with the SEC to list ETFs from VanEck and 21Shares, reflecting growing investor interest. The SEC has 240 days to decide. Successful approval could significantly boost SOL's liquidity, with an expected $3 billion in inflows. VanEck and 21Shares filed S-1 forms for SOL, necessary for new market securities. Cboe, which has SEC approval for spot Bitcoin and Ethereum ETFs, is expanding its offerings to include SOL. Current Solana price: $139.55.

Solana ETF Plan Officially Confirmed by Cboe SEC Filing - CoinJournal

The Cboe is officially attempting to make SOL ETFs happen. It is doing this through VanEck and 21Shares. If approved, this will mark a new wave in cryptocurrency trade. After previous unsuccessful attempts to introduce Solana (SOL) exchange-traded funds (ETFs), new attempts are being made to list the highly traded cryptocurrency. According to CoinGecko, SOL […]

CoinJournalOnose Enaholo

2. Doja Cat's Twitter hacked to promote Solana meme coin

Doja Cat’s Twitter was hacked to promote a Solana-based meme coin, $DOJA. The hacker posted over two dozen tweets and removed her profile picture and description. Doja quickly alerted her 24 million Instagram followers about the hack, stating she wasn’t responsible for the posts. Despite the hacker’s efforts, the $DOJA token saw fewer than 15,000 transactions and about $2.2 million in volume. This incident follows other celebrity account hacks, including those of Hulk Hogan, 50 Cent, and Metallica, promoting similar scams involving Solana-based meme coins.

Doja Cat’s Twitter Account Hacked to Shill Solana Meme Coin

American rapper and singer Doja Cat has joined the growing ranks of celebrities to have her account on Twitter (aka X) hacked to promote a Solana-based meme coin. She quickly announced

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3. Celestia (TIA) emerges with a 16% surge, catalysts revealed

Celestia's native cryptocurrency, TIA, has surged 25% this week, making it the top performer among the top 100 digital assets. Despite the rally, funding rates for TIA perpetual futures are negative, indicating traders are betting on a price drop. This bearish sentiment may stem from TIA's recent five-month downtrend. However, traders might be overlooking Celestia's role in providing data availability for layer 2 networks like Orderly Network, which could make the price bounce sustainable. The negative funding rates could also trigger a short squeeze, further boosting TIA's price.

Celestia’s TIA Token Surges 25%, Leaves Crypto Traders in Disbelief

Funding rates in perpetual futures tied to TIA are most negative since January, indicating a bias for shorts or bearish bets.

CoinDeskOmkar Godbole

4. Lionel Messi boosts obscure meme coin on Instagram, triggering a 350% surge.

Lionel Messi's Instagram post featuring Solana-based meme coin WATER triggered a 350% price surge, from $0.00032 to $0.00146, drawing skepticism from the crypto community. Despite the initial spike, WATER's price settled at just over $0.001, up 215.6% in 24 hours. The project claims to benefit charity but lacks specifics. Messi's partnership with Bitget, where WATER is traded, raised eyebrows, echoing past celebrity-driven crypto controversies. Analysts warn of potential risks, with some predicting a possible "rug pull," a liquidity removal scam. The incident follows similar endorsements by celebrities like Caitlyn Jenner and Iggy Azalea in the Solana meme coin trend.

Lionel Messi Promotes Obscure Meme Coin on Instagram, Leading to 350% Surge

Messi shared an image displaying the token’s mascot, a cartoon glass of water, perched on his shoulder with a link to the project’s Instagram page on Monday. One of the exchanges on which WATER is available for purchase is Bitget, which may explain Messi’s apparent endorsement. The promotion and the team behind the token drew skepticism from the crypto community on social media.

Yahoo FinanceJamie Crawley

As we conclude our exploration of today's Web3 breakthroughs, it's evident that the cryptocurrency landscape continues to captivate with its rapid developments and occasional turbulence. Whether you're considering investments or simply intrigued by the technology, the journey into Web3 promises more excitement and challenges. Stay tuned for further insights and updates as we navigate the future of finance and blockchain together. Thank you for joining us on this insightful journey!

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