2024

Solana

Cyber

Phantom

The rumours of CME bringing Solana (SOL) futures have been laid to rest. CME does not have any intention of launching a Solana futures fund.&nbsp; 
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 CME HAS NO PLANS TO OFFER SOLANA FUTURES: PERSON FAMILIAR Source: DB | Coins: SOL— db (@tier10k) <a href="https://twitter.com/tier10k/status/1795890300981821443?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 29, 2024</a>
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Justin Bons of Cyber Capital also recently responded to criticisms of the Solana network regarding the efficiency of its operations. As opposed to other opinions that the network often fails under load, Bons conducted tests to show that everything works smoothly and efficiently.&nbsp; 
More than 20 transactions were made through the Phantom wallet without any of them failing, which shows that the so-called “TX failure rate” is not due to users’ experience but rather fake bot transactions. 
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 1/5) Solana TXs are working reliably! Did the testing today &amp; sent over 20 TXs from the phantom wallet &amp; not a single one failed! Hate SOL all you want, but at least be accurate in your critique The "TX failure rate" is caused by bot spam &amp; does not reflect the real UX at all:— Justin Bons (@Justin_Bons) <a href="https://twitter.com/Justin_Bons/status/1795880100615041348?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 29, 2024</a>
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Bons also added that though Solana did face problems with the networking layer QUIC, constant modifications are improving the network’s efficiency. Thus, as per the conclusions reached by him, such criticisms are mostly unfounded or greatly exaggerated. 
According to James Seyffart, an ETF analyst at Bloomberg, the barriers to entry might take several years to dismantle, meaning that the public may not be able to invest in a Solana ETF in the near future. One important factor he highlighted was that a futures market that is regulated by the CFTC is still needed, this might entail the passing of legislation similar to the FIT21 bill. 
Solana is not as bad as it is portrayed by critics. Thus, the issue with Solana ETF remains open due to regulatory concerns, although the consistent development of the network looks quite optimistic for the users of Solana. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/05/27/jpmorgan-doubts-sec-approval-for-solana-and-crypto-etfs-post-ethereum/" target="_blank" rel="noreferrer noopener">JPMorgan Doubts SEC Approval for Solana and Crypto ETFs Post-Ethereum</a> 
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CME Abandons Solana Futures Plans Amid Network Criticism

The Crypto Times

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