The Securities and Exchange Commission (SEC) delayed decisions on three crypto exchange-traded funds (ETFs) on Sept. 10.

The decisions postponed BlackRock’s Ethereum staking proposal alongside Franklin Templeton’s spot XRP and Solana ETF applications. The delays come as the SEC develops a generic listing framework that could streamline future crypto ETF approvals.

The postponements position these applications for potential approval during an anticipated October batch decision window, aligning with previous predictions.

Bloomberg ETF analyst James Seyffart noted in April that crypto ETFs would likely get a batch of approvals in October, when some of the over 90 filings reach their final deadlines.

Generic framework

The SEC has been working with US exchanges on a standardized listing framework for token-based ETFs that would eliminate individual rule-change requests for qualifying assets.

The initiative would allow ETF sponsors to bypass the customary Form 19b-4 process when underlying tokens meet predetermined criteria.

Under the proposed framework, sponsors would submit registration statements on Form S-1, observe standard 75-day review periods, and list products once the waiting periods have ended.

Market capitalization, on-exchange trading volume, and daily liquidity represent key metrics under discussion for qualification thresholds. The current rule-change pathway requires each spot crypto ETF to secure a Commission order before listing, a process designed for novel or complex products.

5 Days to Smarter Crypto Moves

Learn how pros avoid bagholding, spot insider front-runs, and capture alpha — before it’s too late.

Brought to you by CryptoSlate

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

Moving to standing rules for qualifying assets would shorten timelines and reduce iterative comment cycles between the agency and applicants.

Approval jumpstart

Eric Balchunas said on Sept. 9 that the “memecoin ETF era [is] about to kick off” with a Dogecoin ETF slated for launch on Sept. 11 under the 40 Act structure.

Balchunas said this could potentially become “the first-ever US ETF to hold something that has no utility on purpose,” considering Dogecoin was originally created as a tribute to the Doge meme.

A successful Dogecoin ETF launch could catalyze broader approval momentum for pending applications.

Seyffart previously shared that there are 92 crypto ETF applications divided across various assets, including Solana, XRP, Litecoin, and staking versions of existing products awaiting SEC decisions.

The comprehensive filing list reveals applications from major issuers, including VanEck, Grayscale, Canary, Bitwise, and Franklin Templeton, covering assets ranging from established cryptocurrencies to emerging tokens.

Mentioned in this article

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

American Bitcoin Corp., a mining company linked to US President Donald Trump’s family, has completed one of the largest hardware purchases in the crypto sector this year.

Reports have disclosed that the firm paid around $314 million for 16,290 Antminer U3S21EXPH units from Chinese mining giant Bitmain.

Massive Purchase Ahead Of Tariffs

The order locks in a huge amount of high-performance ASIC machines capable of producing about 14.02 exahashes per second in combined hashing power.

This level of output could boost American Bitcoin’s share of global mining capacity. The company originally had an option for as many as 17,280 units but decided to move fast to avoid price hikes from US tariffs on Chinese-made mining gear.

Industry trackers say orders of this scale have been rare for American miners in 2025. While the firm has not revealed where the rigs will be deployed, sources familiar with the matter said they plan to distribute them across multiple large sites to reduce operational risks.

Bitmain’s Antminers at Hut 8’s Vega facility in Texas. Source: The Miner Mag.

Political And Trade Pressures

The deal came just before the Trump administration began enforcing tariffs on imported Chinese mining hardware. The policy covers a wide range of technology goods, including ASIC miners, and is aimed at pushing production back to the US. However, critics say these tariffs could raise operating costs for domestic miners.

Jaran Mellerud, CEO of BTC mining firm Hashlabs, warned that higher costs could cut into profitability. He warned that steep price increases could raise mining costs in the US to a point where demand collapses, blaming regulators he viewed as ineffective.

Bitmain Eyes US Expansion

Bitmain, which controls about 80% of the global ASIC market according to a University of Cambridge study, is adjusting its operations in response to the tariffs.

The company plans to open its first US-based ASIC production site in early 2026. By the end of this year, it also expects to set up a new headquarters in Texas or Florida.

The aim is to make its products accessible to US customers at reasonable prices and escape import taxes by manufacturing locally.

Industry experts opine that this action would prompt other industry leaders such as MicroBT and Canaan to explore the possibility of diverting some production capacity to North America.

Although the complete implications of the tariffs on the mining supply chain are still uncertain, this recent acquisition indicates the depth of stakes for manufacturers and operators alike.

For American Bitcoin, the $314 million order indicates faith in the profitability of the industry in spite of fluctuating Bitcoin prices and increased competition.

For Bitmain, it’s an indication that being able to bend with political and economic gusts will be the ticket to maintaining its dominance of the US market.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

LTCBTC Shows Early Bullish Signs Despite Caution

In his analysis, Cryptowzrd observed that both Litecoin (LTC) and LTCBTC closed the day with indecisive daily candles, reflecting market hesitation. Despite this uncertainty, LTCBTC managed to close slightly in the green, which could be an early sign of shifting momentum. However, the analyst stressed the need for stronger and more consistent daily candles from this level to confirm a sustainable move.

A critical resistance level to watch is 0.0010 BTC for LTCBTC. Cryptowzrd highlighted that a clean breakout above this barrier could trigger an impulsive rally, given the pair’s extremely oversold condition. Such a breakout would likely push Litecoin sharply higher, with $140 identified as the major upside target.

On the support side, Litecoin’s key daily level sits at $96. Cryptowzrd cautioned that this support could be tested only if Bitcoin experiences a sharp drop towards the $110,000 region, driven by panic selling. In such a case, LTC would likely follow BTC’s lead and retrace to test lower support levels.

Cryptowzrd highlighted that his attention will be on lower time frames in the near term, looking for short-term chart patterns to exploit quick trading opportunities. However, broader market sentiment, especially Bitcoin’s price action, will remain the dominant factor influencing Litecoin’s direction.

Litecoin Intraday Volatility Limits Clear Setup Formation

In his final remarks, Cryptowzrd noted that Litecoin’s intraday chart showed increased volatility throughout the day, making short-term trading conditions less favorable. He emphasized the need for a clearer and more structured chart formation before considering any immediate entries.

A key level to watch is the $114.50 intraday resistance. According to Cryptowzrd, a move above this level would be a bullish signal and could invite further buying pressure. Additionally, a breakout above the intraday lower high trendline would likely accelerate upward momentum, potentially setting the stage for a stronger rally.

Despite these technical signals, the analyst emphasized that Bitcoin’s price action remains the primary driving force in the market. As such, any decision to enter a trade will depend on the development of a mature and well-defined setup, ideally supported by Bitcoin’s broader trend. For now, patience is key while waiting for the right conditions to align.

An ATM scam tied to a New York City youth employment program reportedly spread on TikTok and caused millions of dollars in losses within days.

According to a New York Times report, payment cards provided to participants of NYC’s Summer Youth Employment Program were suddenly allowing users to take out more money from ATMs than they should have been able to.

The payment cards issued to thousands of young people in the program normally give users access only to that week’s earnings – at the most a few hundred dollars. But this time, the payment cards gave users the ability to withdraw tens of thousands of dollars at each ATM. In total, some $17 million was fraudulently withdrawn on the payment cards between July 11th and July 13th.

An estimated 30,000 cards were issued to 14- to 24-year-olds who were unable to receive payment by direct deposit.

The NYC Police Department’s Financial Crimes Task Force is now investigating the matter. Anonymous law enforcement officials say some of the program participants sold their cards for $1,000 apiece.

Mark Zustovich, a spokesman for the agency that oversees the program, the NYC Department of Youth and Community Development, says participants may have been pressured by criminals to abuse their payment cards.

“We are deeply disturbed by scammers preying on our participants just as they started their work assignments to support themselves and their families.”

It remans unclear at time of writing what made it possible for payment cards to allow for the fraudulent withdrawals and who will ultimately be responsible for covering the costs.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

At the time of writing, solana

is trading at around $166.28, up 6.23% in the past 24-hour period, according to CoinDesk Research’s technical analysis model.

Upexi (UPXI), a Tampa-based consumer brands company listed on Nasdaq, announced Friday it has secured approximately $200 million in new financing through a combination of equity and convertible note offerings. A portion of the proceeds will support Upexi’s existing operations, while the rest will be used to grow its cryptocurrency treasury, with a specific focus on Solana

.

As part of the equity component, Upexi raised $50 million from accredited and institutional investors, including its CEO Allan Marshall. Shares were sold at $4.00 each, with management purchasing at a premium of $4.94. The company said the equity deal is expected to close around July 14.

Separately, Upexi entered into agreements to issue $150 million in convertible notes to institutional investors. The notes are backed by SOL as collateral and carry a 2% annual interest rate. They are convertible into Upexi stock at a fixed price of $4.25 per share and mature in 24 months. The notes are expected to close around July 16, at which point the associated SOL will be added to the company’s holdings.

In a June 26 press release, Upexi disclosed that it held 735,692 SOL as of June 24, an 8% increase from the 679,677 SOL reported on May 28. Upon closing of the new financing, Upexi expects to more than double its current SOL position.

The offerings were conducted privately and are not registered with the SEC.

Technical Analysis

• SOL demonstrated exceptional resilience throughout the preceding 24-hour period from 10 July 15:00 to 11 July 14:00, progressing from $156.45 to $166.65, constituting a substantial 6.52% appreciation with an aggregate trading range of $10.99 extending from $155.78 to $166.76.
• The price dynamics unveiled distinctive accumulation sequences with considerable volume-backed support materialising at $160.31 during the 21:00 hour advancement, where extraordinary volume of 3.23 million substantially surpassed the 24-hour mean of 1.34 million, corroborating institutional capital deployment.
• Pivotal resistance emerged proximate to $165.30, subjected to multiple examinations between 22:00 and 03:00, whilst the conclusive breakthrough above $166.00 transpired with amplified volume of 2.26 million, intimating persistent bullish conviction.
• The technical architecture suggests SOL has consolidated a superior trading corridor with robust volume validation, establishing foundations for prospective advancement towards the $170.00 psychological threshold.
• Throughout the concluding 60-minute interval from 11 July 13:05 to 14:04, SOL encountered considerable volatility whilst preserving its overarching bullish disposition, oscillating within a $2.90 bandwidth from $164.24 to $166.76 and settling at $165.87, representing a marginal 0.44% contraction from the hour’s commencement at $165.92.
• The period manifested quintessential consolidation attributes encompassing two discrete phases: an initial retreat to $164.28 circa 13:33 accompanied by intensified distribution pressure of 45,017 volume, succeeded by a vigorous recovery commencing at 13:48 where volume escalated to 81,740 during the ascent towards $166.76, validating renewed accumulation interest.
• Fundamental support crystallised near $164.30 with multiple successful examinations, whilst resistance materialised around $166.50-$166.75, establishing a well-delineated trading corridor that suggests constructive price discovery following the antecedent 24-hour advance, positioning SOL for potential continuation of its broader upward trajectory upon completion of this consolidation phase.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

A Chinese national was arrested in Milan, Italy, last week for allegedly being linked to the state-sponsored Silk Typhoon hacking group, which responsible for cyberattacks against American organizations and government agencies.

According to Italian media ANSA, the 33-year-old man, Xu Zewei, was arrested at Milan’s Malpensa Airport on July 3rd after arriving on a flight from China. Italian police arrested the suspect on an international warrant from the U.S. government.

ANSA reports that Xu is accused of being linked to the Chinese state-sponsored Silk Typhoon hacking group, aka Hafnium, which has been responsible for a wide range of cyberespionage attacks against the U.S. and other countries.

In particular, Italian media reports that Xu is linked to the 2020 Silk Typhoon cyberattacks on infectious disease researchers and healthcare organizations, which aimed to steal data on anti-COVID vaccines.

“These actors have been observed attempting to identify and illicitly obtain valuable intellectual property (IP) and public health data related to vaccines, treatments, and testing from networks and personnel affiliated with COVID-19-related research,” read the joint advisory.

The hacking group has also been linked to more recent cyberespionage campaigns, including those on the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and the Committee on Foreign Investment.

In March, Microsoft reported that Silk Typhoon had begun targeting remote management tools and cloud services in supply chain attacks to gain access to downstream customers’ networks.

Xu is currently being held in Busto Arsizio prison with the U.S. seeking extradition to face trial in the States.