Wave of fake Solana dev group chats in South Korea follows ETF debut, Indian crypto taxes blamed for coin delistings: Asia Express. All services claiming to offer access to JD.coms stablecoin are fraudulent, the Chinese e-commerce giant said in a statement posted on Weibo, a microblogging platform. JD.com said entities are misleading the public by claiming to have partnered with its Hong Kong subsidiary, JD CoinLink. The company emphasized that it has not issued a stablecoin at this point or formed any such partnerships. Fraudulent campaigns are emerging in parallel, according to multiple WeChat accounts warning against stablecoin scams. Fraudulent campaigns are promising users 5,000 JD.com stablecoins for signing up and additional rewards for referring friends. Read more
Moody’s and Alphaledger’s pilot on Solana shows how traditional credit ratings can be embedded directly into tokenized bonds. Often touted as a next-gen alternative to Ethereum or Bitcoin, the Solana blockchain is now making headlines for a very different reason: onchain credit ratings. In June 2025, Moody’s teamed up with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems. Here’s what they did: Read more
REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards. The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn yield through staking. Two days after Cointelegraph reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut. As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto. Read more
ETF analyst Eric Balchunas says REX Shares’ latest Solana staking ETF filing with the SEC suggests the product is ready launch any day now. ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” ETF analyst Eric Balchunas said in an X post on Friday. ETF Store president Nate Geraci said in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as “the ETF rule.” Read more
Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon? Key takeaways: Solana's DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January. Hyperliquid's dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead. Read more
Invesco and Galaxy Digital have filed the initial documents to launch a spot Solana ETF, making the ninth similar entry to be put before US regulators. Update (June 26, 1:26 am UTC): This article has been updated to add information from Invesco’s filing and analyst commentary. The US could get nine Solana exchange-traded funds if regulators approve, as asset manager Invesco joined the group of firms looking to push exchange-traded products beyond Bitcoin and Ethereum. In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot price of Solana (SOL), currently the sixth-largest cryptocurrency by market cap. Read more