Recent developments in the cryptocurrency market highlight a notable increase in ETH open interest alongside other key events.
Increase in ETH Open Interest
According to Coinglass data, ETH open interest increased by 5.14% over the past 24 hours, reaching $67.248 billion. Binance leads the market with $14.088 billion, followed by OKX with $4.021 billion and Bybit with $6.028 billion.
SEC Approves Invesco Galaxy's Solana ETF Application
The U.S. Securities and Exchange Commission (SEC) confirmed it accepted the spot Solana ETF application submitted by Invesco Galaxy. This step indicates increasing institutional interest in SOL. However, the process remains in its early stages, with regulatory scrutiny potentially causing delays.
Greenidge Reports Q2 Financials
Bitcoin mining company Greenidge Generation Holdings reported Q2 revenue of $12.9 million and a net loss of $4.1 million. The company produced 110 BTC, generating $4.2 million from crypto mining and $6 million from data center hosting income.
Recent data emphasizes growing interest in ETH and Solana amid market volatility, as well as ongoing financial challenges for companies in the crypto mining sector.
