The post Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two appeared on BitcoinEthereumNews.com. Solana’s new BSOL spot ETF recorded $72 million in trading volume on its second day Western Union is building its very own USDPT stablecoin choosing Solana over XRP Ledger Solana network also hit a 39-week high on weekly stablecoin transfer volume, signaling high utility It’s only midweek, but Solana (SOL) has already delivered one of its strongest performance streaks of 2025. The blockchain has seen a string of announcements that could redefine its position in the crypto market.  Multiple Solana-based ETFs launched on Wall Street with record inflows, Western Union building its USDPT stablecoin exclusively on Solana, and the Solana network hitting a 39-week high on weekly stablecoin transfer volume. Related: Grayscale Launches Solana Trust ETF with Staking Rewards on NYSE Arca ETFs Bring Solana to Wall Street The week began with the debut of the first-e… Read The Full Article Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two On Coin Edition. Source: https://coinedition.com/bitwise-solana-etf-72-million-trading-extends-record-second-day/The post Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two appeared on BitcoinEthereumNews.com. Solana’s new BSOL spot ETF recorded $72 million in trading volume on its second day Western Union is building its very own USDPT stablecoin choosing Solana over XRP Ledger Solana network also hit a 39-week high on weekly stablecoin transfer volume, signaling high utility It’s only midweek, but Solana (SOL) has already delivered one of its strongest performance streaks of 2025. The blockchain has seen a string of announcements that could redefine its position in the crypto market.  Multiple Solana-based ETFs launched on Wall Street with record inflows, Western Union building its USDPT stablecoin exclusively on Solana, and the Solana network hitting a 39-week high on weekly stablecoin transfer volume. Related: Grayscale Launches Solana Trust ETF with Staking Rewards on NYSE Arca ETFs Bring Solana to Wall Street The week began with the debut of the first-e… Read The Full Article Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two On Coin Edition. Source: https://coinedition.com/bitwise-solana-etf-72-million-trading-extends-record-second-day/

Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two

2025/10/30 21:41
  • Solana’s new BSOL spot ETF recorded $72 million in trading volume on its second day
  • Western Union is building its very own USDPT stablecoin choosing Solana over XRP Ledger
  • Solana network also hit a 39-week high on weekly stablecoin transfer volume, signaling high utility

It’s only midweek, but Solana (SOL) has already delivered one of its strongest performance streaks of 2025. The blockchain has seen a string of announcements that could redefine its position in the crypto market. 

Multiple Solana-based ETFs launched on Wall Street with record inflows, Western Union building its USDPT stablecoin exclusively on Solana, and the Solana network hitting a 39-week high on weekly stablecoin transfer volume.

Related: Grayscale Launches Solana Trust ETF with Staking Rewards on NYSE Arca

ETFs Bring Solana to Wall Street

The week began with the debut of the first-e…

Read The Full Article Bitwise Solana ETF Extends Record Debut, Sees $72M Volume on Day Two On Coin Edition.

Source: https://coinedition.com/bitwise-solana-etf-72-million-trading-extends-record-second-day/

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Australia’s AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown

Australia’s AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown

The post Australia’s AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown appeared on BitcoinEthereumNews.com. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is taking enforcement action against a crypto ATM provider as it seeks to flex its regulatory muscle on the sector. AUSTRAC has fined Cryptolink 56,340 Australian dollars ($37,000) after identifying “weaknesses” in the company’s anti-money laundering and counter terrorism financing (AML/CTF) compliance, according to a statement on Thursday. Australia’s AML/CTF watchdog said it identified late reporting of large cash transactions, for which it has imposed an enforceable undertaking “designed to ensure useable intelligence does not slip through the cracks.” Cryptolink must now enlist third-party auditors to validate that it has reported all required transactions to AUSTRAC, assess whether it has implemented effective controls for large cash transactions and ensure its AML/CTF processes are fit for purpose. The enforcement actions comes only weeks after Australia’s government proposed granting new powers to AUSTRAC to help clamp down on illicit activity through crypto ATMs. AUSTRAC’s Crypto Taskforce said it has estimated that 85% of ATM transactions made by the 90 most prolific users were the proceeds of scams and other nefarious acts. Crypto ATMs allow the buying of cryptocurrency by inserting cash or a bank card and having crypto delivered to a designated wallet. They are often used for criminal activity by scammers directing their victim to deposit funds to a specific wallet to pay for some goods and then disappearing, for example. There are 2,024 such terminals in Australia, according to data provided by Coin ATM Radar. This is a slight dip from around 2,100 earlier this month when news of AUSTRAC’s new powers were reported, suggesting they may already be having the desired effect. Source: https://www.coindesk.com/policy/2025/10/30/australia-s-austrac-fines-cryptolink-as-part-of-crypto-atm-crackdown
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BitcoinEthereumNews2025/10/31 00:55