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Crypto News: Solana ETF Rejection Possibility, Whales Scoop Up Cardano, Rollblock Enters Presale Stage 9

After the SEC approved Ethereum and Bitcoin ETFs, the crypto news is that the SEC is set to strike down the Solana ETF under the present administration. This could be seen as the last gasp by crypto arch nemesis, outgoing SEC chair Gary Gensler. In other crypto news, Cardano has seen what some call the comeback of the century, as the Cardano price is up 250% in three months, and its DeFi holdings are up 160% month on month.

Further crypto news is that the new GambleFi token Rollblock has entered stage 9 of presale and has raised $7 million in liquidity.

Rollblock (RBLK): Gambling giant adds DeFi element to new crypto

The latest crypto news shines a spotlight on the transformative potential of DeFi, with platforms like Rollblock carving a niche in the GambleFi sector. Combining decentralized finance with online gambling, Rollblock’s unique model allows users to participate in secure, transparent betting while earning passive income.

DeFi has long been hailed as the future of finance, and Rollblock integrates its principles seamlessly. Rollblock’s new crypto, RBLK, can be staked for incredible APY rewards, putting Rollblock in the DeFi camp.  But that’s not all.  

By leveraging smart contracts, the platform ensures trustless payouts and immutable record-keeping, eliminating traditional inefficiencies and potential fraud. Its presale success, having raised $7 million, underscores investor confidence in this innovative approach.

As DeFi continues its resurgence, Rollblock exemplifies how emerging projects can harness the sector’s momentum. For those seeking exposure to DeFi’s growth potential while mitigating risks, Rollblock offers a compelling case as the next big player in decentralized finance.

Solana (SOL): Solana ETFs off the table. For now.

Gary Gensler may be the most unpopular man in the cryptosphere, but the good news is he is out and will be replaced by crypto-friendly Paul Atkins, the ex-commissioner of the SEC under President George W Bush. 

Gensler has mentioned that he is not likely to approve the Solana ETFs, citing Solana’s stance as a security as a reason, while critics say this is just Gensler’s last twist of the knife as his final days in office draw near. Incoming Atkins is likely to reverse every Gensler decision, and Solana ETFs will surely be approved.

Cardano (ADA): Resurgent chain sees DeFi holdings more than double

Cardano has surprised its fiercest critics – and even its strongest supporters – by climbing 250% in a mere 90 days. On the DeFi front, Cardano is not holding back and has increased its holdings by 161% in 30 days. Cardano is a perfect chain for DeFi, as it is technically the most robust chain available. The DeFi market itself is going amazingly well, with $137 billion TVL.  

DeFi is how the world will do business in the future, and Cardano is in a prime position to profit from this, especially through institutional investors. 

Conclusion

The week’s crypto news is that DeFi is closing in on the numbers it had in its glory days of 2021, but with a much more stable market. Getting in on DeFi, whether it’s through Solana, Cardano, or the new GambleFi on offer from Rollblock, could be a very lucrative investment. 

Cardano and Solana are available on most exchanges, but Rollblock can only be obtained through their website at $0.041.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io
Socials: https://linktr.ee/rollblockcasino