Coal (coal) news

Solana ETF Applications Reach Next Stage in SEC Review

Another day, another once unthinkable crypto exchange traded fund filing. Several Solana ETF applications have become the latest such proposed investment vehicles to reach the starting gate. In a regulatory filing Tuesday the Securities and Exchange Commission (SEC) opened up public comment on the "Canary Solana Trust," a proposed ETF from Canary Capital that would bring SOL investing into mainstream finance. The SEC acknowledged similar filings from VanEck, 21Shares and Bitwise later in the day. The filing amounts to a clock-setting for these companies' proposed investment vehicle. In 21 days the SEC will render a verdict (approval or denial) or, perhaps more likely, kick the decision can with deadline extensions. Market observers are broadly bullish that SOL and other altcoins will win their own ETFs this year, but the exact timing and order is unclear. What's more seemingly apparent is the SEC's newfound willingness to look favorably upon the industry, and past the regulator's old misgivings under former Chair Gary Gensler. Donald Trump's return to the White House created an opening for Canary to act aggressively. The firm's looking to list altcoin ETFs for assets like Solana that would have been nonstarters under the old regime. Grayscale's prospective Solana ETF reached this starting gate last week, meaning its 21-day fate will come a few days before Canary's – and likely be a "canary in the coal mine" for both. Source: CoinDesk Futures Market Updates ETH is reaching an oversold level. Bitcoin Futures Updates Total BTC Open Interest: $60.88B (+1.78%) BTC Volume (24H): $69.27B (+17.24%) BTC Liquidations (24H): $36.16M (Long)/$7.95M (Short) Long/Short Ratio: 49.57%/50.43% Funding Rate: 0.0073% Ether Futures Updates Total ETH Open Interest: $22.23B (-1.50%) ETH Volume (24H): $32.49B (+14.07%) ETH Liquidations (24H): $23.57M (Long)/$6.81M (Short) Long/Short Ratio: 48.91%/51.09% Funding Rate: 0.0059% Top 3 OI Surges SYN: $17.72M (+301.06%) IDEX: $1.56M (+269.72%) AXL: $7.11M (+77.39%)

The Environmental Impact of Bitcoin Mining

Bitcoin mining has been a hot topic in recent years, with the rise of the cryptocurrency market and the increasing demand for digital currencies. In this article, we'll explore the environmental impact of Bitcoin mining and what can be done to mitigate its effects. The Environmental Impact of Bitcoin Mining ​Bitcoin mining is a process that requires a significant amount of energy and resources. In order to verify transactions on the Bitcoin network, miners need to solve complex mathematical problems using specialized hardware. This process requires a lot of computational power, which in turn requires a lot of energy. According to the Bitcoin Energy Consumption Index, Bitcoin mining uses as much energy as the entire country of Argentina, UAE, and the Netherlands. This has led to concerns about the environmental impact of Bitcoin mining, as the process contributes to greenhouse gas emissions and other environmental issues. ​ One of the main concerns about Bitcoin mining is its reliance on fossil fuels. Many Bitcoin mining operations are located in areas where electricity is cheap, such as China and Russia. However, much of this electricity is generated from coal-fired power plants, which are major contributors to greenhouse gas emissions. ​ In addition, Bitcoin mining requires a significant amount of hardware, including specialized computers and cooling systems. The production and disposal of this hardware can also have a significant environmental impact.​ What Can Be Done to Mitigate the Environmental Impact of Bitcoin Mining? ​There are several strategies that can be used to mitigate the environmental impact of Bitcoin mining. One approach is to use renewable energy sources, such as solar or wind power, to power mining operations. This would reduce the reliance on fossil fuels and lower greenhouse gas emissions. ​ Another approach is to improve the efficiency of Bitcoin mining hardware. This would reduce the amount of energy required to verify transactions on the network, and could also reduce the need for cooling systems. ​ Finally, some experts have suggested that Bitcoin mining could be used to support other environmental initiatives. For example, miners could be incentivized to plant trees or invest in renewable energy projects in exchange for rewards in Bitcoin or other digital currencies. ​ As a leading platform for digital asset trading services, Bitget is committed to addressing environmental concerns related to cryptocurrency. By promoting awareness and education about these issues and exploring new ways to incentivize sustainable practices in the industry, Bitget is helping to create a more sustainable future for cryptocurrency and the planet as a whole.