A Phantom Wallet, used by meme coin traders, is leveraging Solana and Ethereum infrastructure, utilizing Hyperliquid for perpetual futures and tokenized stocks.
1 report, 1 independent
Updated Jul 8
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What happened
A Phantom Wallet, used by meme coin traders, is leveraging Solana and Ethereum infrastructure, utilizing Hyperliquid for perpetual futures and tokenized stocks.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Capital is rotating from Bitcoin to Solana and Ethereum, driven by institutional interest and anticipation of ETF approvals.Also in this story
- Regulatory delays hinder US spot Ether ETF approval while US interest rates drive Bitcoin as a non-sovereign hedge.
- Institutions are rotating crypto holdings, with Intesa Sanpaolo reducing Bitcoin ETF stakes while increasing Ethereum ETF holdings.
- Invesco filed for a spot ETF tied to Solana's price, while the SEC reviewed the application, amidst hopes for friendlier regulation under Trump.
- Market activity shows Bitcoin and Solana are attracting institutional interest, with offerings from companies like Tastytrade, Coinbase, and Gemini.
The entities involved
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Ethereum
public blockchain platform with programmable transaction functionality