Search results for EVE
Crypto
Bitwise\'s BSOL sees inflows, Solana\'s $95 break in focus
Spot Solana exchange-traded funds recorded their largest weekly net inflows since February, lifting expectations for further gains. Weekly net inflows totalled $39.23 million, with Bitwise\'s BSOL accounting for most of the demand. Solana futures open interest rose to $6.4 billion from $4.94 billion in less than two weeks, while Solana climbed to $97. Markets are watching whether $95 turns into support and whether $120 becomes the next target.
Industry
Korea\'s three battery makers set for first-quarter losses
South Korea\'s three battery makers are expected to post losses in the first quarter, as weak conditions in automotive batteries and a transition toward energy storage systems weigh on results. Securities industry estimates point to operating losses at LG Energy Solution, Samsung SDI and SK On. Analysts also flag a domestic production promotion tax credit, expected to take shape in a July tax revision plan, as a potential variable for profitability in the second half.
Crypto
U.S. Senate to take up Clarity Act in late April as stablecoin interest provision holds it up
The U.S. Senate has set late April for committee review of the Clarity Act, a crypto market structure bill. The Senate aims to pass it out of committee by May, but industry opposition to key provisions has made last-minute amendment talks a variable. TD Cowen put the odds of passage this year at about one-third. The main dispute is a ban on passive interest on stablecoin balances, while allowing activity-linked rewards.
