$1M – $10M MarketCap:

1. Privapp Network (BPRIVA): 26%
2. Patex (PATEX): 18%
3. Gorilla (GORILLA): 17%
4. VinuChain (VC): 8.1%
5. NADA Protocol Token (NADA): 7.1%

$10M – $100M MarketCap:

1. Non-Playable Coin (NPC): 54%
2. Minativerse (MNTC): 34%
3. L7 DEX (LSD): 32%
4. catwifhat ($CWIF): 31%
5. Klima DAO (KLIMA): 27%

$100M – $1B MarketCap:

1. CorgiAI (CORGIAI): 62%
2. MANEKI (MANEKI): 33%
3. Open Campus (EDU): 25%
4. SmarDex (SDEX): 21%
5. BinaryX (BNX): 21%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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According to Bloomberg analyst James Seyffart, the approval of a spot Ethereum ETF by the U.S. Securities and Exchange Commission is expected to pave the way for a similar product for Solana. Solana could get such a spot ETF in a few years, if Seyffart’s expectations come true based on all the success that Ether and a few others are able to accomplish here within the given scope and time frame. This will all be made possible by the kind of legislation that, for example, the forthcoming FIT21, the Financial Innovation and Technology for the 21st Century Act, will make possible, that is going to try and iron out a slightly firmer regulatory environment for cryptocurrencies and hopefully get the approval process and compliance up to levels for the current fit of ETFs currently on the market.

Next steps by the regulator for a spot Ethereum ETF application by VanEck, which is due on May 23, will set a key landmark for the future approval of ETFs for other altcoins, other than Solana. Identical ETFs could then be invested in on an approval of an Ethereum ETF to the hundreds of millions of dollars and then, naturally, follow-on investments in Solana will be massive. Yet, the chair of the SEC, Gary Gensler, and the administration of Joe Biden, sound anything like being in a rush to wind up an SEC.

Source

In a landmark moment for the cryptocurrency industry, the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) on Wednesday with a 279-136 vote. This significant policy win for the crypto sector saw considerable bipartisan support, with 71 Democrats joining 208 Republicans in favor of the bill. The FIT21 Act, which aims to establish comprehensive regulations for digital asset markets, represents the first major crypto bill to clear a chamber of Congress. The bill now moves to the Senate, where its future remains uncertain due to the lack of a counterpart bill and unclear support.

The legislation seeks to create a regulatory framework for the U.S. crypto markets, focusing on consumer protections and clearer definitions of digital assets as securities or commodities. It designates the Commodity Futures Trading Commission (CFTC) as the primary regulator of non-securities spot markets. Despite the bill’s passage, opposition remains strong. President Joe Biden and SEC Chair Gary Gensler oppose the bill, citing concerns over existing securities regulations. Rep. Maxine Waters (D-Calif.), a leading critic, argues the bill could enable crypto businesses to evade securities laws, rewarding what she considers illegal activities. The FIT21 Act’s journey through the legislative process highlights the ongoing debate over the future of cryptocurrency regulation in the United States.