White House adviser: Cryptocurrency bill is "very close" to passage

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TLDRs; Chinese carmakers hit record 9.8% of Europe’s hybrid sales in August, marking their fourth high this year. BYD’s European EV sales more than doubled, while MG fell 16% and Leapmotor sold over 2,000 units. EU hybrid registrations jumped 28% as tariffs pushed Chinese brands to diversify and expand local production. Domestic sales struggles are [...] The post BYD, MG, Leapmotor Drive Chinese Hybrid Growth in EU appeared first on CoinCentral.

The post Bitwise CEO Sees Solana Edge in ETF Race Over Ethereum appeared on BitcoinEthereumNews.com. Bitwise CEO says Solana’s shorter unstaking period favors ETF issuers over Ethereum. SEC will decide on multiple Solana and Ethereum ETF applications in October. SOL trades above $222 with a potential breakout to $300. Bitwise CEO Hunter Horsley said Solana could gain an advantage over Ethereum in the race to launch staking exchange-traded funds, citing its faster unstaking process. His comments come as the U.S. SEC prepares to decide on several ETF applications this month. Bitwise CEO Highlights Solana’s ETF Advantage Speaking at Token2049 in Singapore, Horsley mentioned that Solana’s shorter unstaking period makes it easier for ETF issuers to meet redemption requests. Ethereum’s withdrawal queue, by comparison, has grown significantly, creating long delays for investors. “It’s a huge problem,” Horsley said, stressing that ETFs must be capable of returning assets within a very short period. Related: Solana Price Prediction: SOL Price Consolidates Within Rising Channel Liquidity Challenge for Ethereum ETFs On-chain data shows Ethereum’s staking system currently faces an average entry wait of about three days and an exit queue of roughly 34 days, with more than 2 million tokens awaiting withdrawal.  However, Solana’s exit period is much faster, which Horsley argues makes it more suitable for regulated funds that require quick liquidity. Ethereum-based products have worked around this issue through credit facilities and liquid staking tokens such as stETH. Yet, Horsley noted these options add costs and face capacity constraints. SEC ETF Decisions This October The SEC is reviewing ETF applications from major asset managers, including Bitwise, Fidelity, Franklin Templeton, Grayscale, and VanEck.  Decisions on Ethereum staking ETFs have already been delayed until late October, while Solana ETF proposals are also awaiting review. The ongoing U.S. government shutdown has raised concerns about further delays in approvals. Horsley’s comments come as institutional interest in Solana continues to grow. Multiple…