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21Shares Debuts First JitoSOL Staked Solana ETP in Europe
21Shares Introduces Europe’s First Jito-Staked Solana ETP
Europe has taken a decisive step forward in crypto investment innovation as 21Shares officially launches the first exchange-traded product backed by Jito-staked Solana. The new product delivers regulated exposure to Solana while seamlessly integrating staking rewards, marking a milestone for institutional access to liquid staking strategies.
The launch places Europe ahead of the United States in embracing liquid staking within exchange-traded products, at a time when US regulators continue to scrutinize similar offerings.
A New Era for Solana Exposure in Regulated Markets
The newly introduced 21Shares Jito Staked SOL ETP, trading under the ticker JSOL, is listed on Euronext Amsterdam and Euronext Paris and is available in both US dollars and euros. Unlike traditional crypto ETPs that simply track the price of an asset, this product directly holds JitoSOL, allowing investors to benefit from staking yields embedded directly into the product’s net asset value.
This structure offers exposure to Solana without the operational complexity of managing onchain staking, validator selection, or lock-up periods. The result is a simplified, exchange-listed product designed for professional and institutional investors seeking yield alongside price exposure.
How JitoSOL Transforms Solana Staking
JitoSOL is a liquid staking token issued by the Jito Network, representing SOL deposited into a staking program on the Solana blockchain. What makes JitoSOL distinct is its liquidity. While traditional staking requires tokens to be locked, JitoSOL remains transferable, enabling capital flexibility while continuing to generate staking rewards.
In addition to standard staking yield, JitoSOL also captures value from MEV-related strategies, enhancing overall returns. This combination positions JitoSOL as a core building block for advanced Solana-based investment products.
Institutional Demand Drives the European Launch
According to Jito Network, the European debut of the Jito-staked Solana ETP reflects growing institutional demand for compliant and yield-generating crypto products. In statements shared on X, the protocol highlighted that the product offers regulated access to liquid staking while preserving transparency and efficiency.
This launch builds on earlier momentum, including VanEck’s previous filing for a JitoSOL-based ETF in the United States, signaling a broader push to integrate liquid staking into traditional financial instruments.
21Shares Expands Its Crypto ETP Leadership
21Shares, headquartered in Switzerland, has established itself as one of Europe’s most prominent crypto ETP issuers. With more than 55 crypto products listed across European exchanges and approximately $8 billion in assets under management, the firm continues to expand its footprint in regulated digital asset markets.
Since becoming a subsidiary of FalconX, 21Shares has maintained independent investment and product operations, allowing it to innovate while benefiting from institutional-grade infrastructure. The company’s history dates back to 2018, when it launched its first physically backed crypto ETP, long before digital assets entered mainstream finance.
Jito Network’s Growing Influence on Solana
Founded in 2021, Jito Network focuses on liquid staking solutions and validator infrastructure for Solana. Its flagship token, JitoSOL, has grown rapidly, reaching a market capitalization of approximately $1.67 billion, according to CoinGecko data.
The expansion into regulated European markets strengthens Jito’s position as a key player in Solana’s staking ecosystem and highlights increasing global interest in liquid staking as a capital-efficient alternative to traditional staking models.
Why the United States Is Still Lagging Behind
While Europe moves forward, the United States remains cautious. US regulators have approved several Solana staking ETFs, but liquid staking products continue to face regulatory resistance. Despite this, demand is clearly present.
Earlier this year, the first US-listed Solana staking ETF recorded strong inflows on its debut, while subsequent launches from Bitwise and Grayscale attracted hundreds of millions of dollars in assets. These products provide staking yield exposure, but stop short of adopting liquid staking structures like JitoSOL.
Industry leaders argue that liquid staking improves efficiency and reduces operational friction. In July, Jito Labs, alongside VanEck and Bitwise, formally urged the US Securities and Exchange Commission to approve liquid staking within Solana ETPs, emphasizing its benefits for both issuers and investors.
Global Momentum Builds for JitoSOL Products
Lucas Bruder, CEO of Jito Labs, has expressed confidence that JitoSOL-based products will eventually receive regulatory approval in the United States. He also noted growing interest from markets across Asia and the Middle East, regions increasingly active in crypto infrastructure and institutional adoption.
According to Bruder, continued education around proof-of-stake mechanics and Solana’s technical advantages will play a crucial role in accelerating acceptance across global financial markets.
Europe Sets the Standard for Crypto Innovation
The launch of the 21Shares Jito Staked SOL ETP underscores Europe’s willingness to lead in regulated crypto innovation. By combining price exposure, staking rewards, and liquidity in a single exchange-traded product, the region is setting a benchmark that other markets may soon follow.
As institutional investors continue to search for yield-enhanced digital asset products, liquid staking ETPs like JSOL may represent the next evolution of crypto investment vehicles.
Whether you’re a beginner or a seasoned investor, BYDFi gives you the tools to trade with confidence — low fees, fast execution, copy trading for newcomers, and access to hundreds of digital assets in a secure, user-friendly environment.
2026-02-02 · 2 days ago0 024USS Status Launch: Crypto Veteran Debuts Cartoon, Privacy App, and Gasless L2
USS Status Launch: Crypto Pioneer Returns with Satirical Cartoon, Privacy App, and Gasless L2 Blockchain
The cryptocurrency world is no stranger to chaos, hype, and dramatic shifts. Yet, few projects have endured like Status, one of Ethereum’s earliest open-source platforms. After years of quietly innovating, Status has re-emerged with a bold vision—combining a satirical web cartoon, a fully unified privacy super-app, and the first-ever gasless Ethereum Layer 2 blockchain.
For crypto enthusiasts seeking innovation, privacy, and even entertainment, this is a development worth following closely.
Status: A Veteran Reawakens
Founded in 2017, Status has survived the ups and downs of the crypto market: ICO mania, regulatory shifts, exchange collapses, and countless meme coin cycles. Throughout this turbulence, the project quietly developed a comprehensive platform that integrates a crypto wallet, privacy messaging, and a web browser—allowing users to manage all aspects of their digital lives securely in one place.
Now, with the launch of USS Status, the platform is taking a bold step forward, reaffirming its mission to make privacy accessible while preserving the cypherpunk spirit that fueled the early days of cryptocurrency.
USS Status: Where Crypto Meets Comedy
In an unprecedented move, Status has launched USS Status, a satirical sci-fi animated web series. The series follows a crew of meme-inspired misfits navigating a chaotic galaxy plagued by surveillance, centralization, and bad governance.
Episode 1 features the return of a notorious crypto figure, though the team jokes that any resemblance to real events is purely coincidental. The cartoon humorously reflects the history of cryptocurrency, poking fun at projects, tokens, and personalities that will resonate with seasoned crypto users.
The series is available on X, YouTube, and TikTok, with new episodes coming soon: Watch Episode 1.
Over the past decade, crypto has traded its sense of fun and freedom for market hype and profit-first narratives, said Volodymy Hulchenko, Status App Lead. USS Status is our way of laughing at the chaos while reminding users that privacy, free speech, and digital freedom are still achievable.
The Ultimate Privacy Super-App
At the core of Status’ innovation is its unified privacy super-app, redesigned for both mobile and desktop. The app allows users to chat, transact, and browse privately in one seamless experience.
Some standout features include:
1- Anonymous profiles to protect user identities
2- A multi-chain crypto wallet with built-in swap functionality
3- End-to-end encrypted messaging
4- Censorship-resistant community spaces
5- A privacy-focused web browser
This combination positions Status as one of the most comprehensive privacy-focused crypto apps available today.
Additionally, for users exploring cryptocurrency trading and investments, the app complements platforms like BYDFi, allowing for secure and privacy-conscious interaction with decentralized exchanges and DeFi tools. BYDFi offers a simple way for both beginners and advanced traders to buy, sell, and stake digital assets, making it a natural pairing with Status for users who value privacy alongside functionality.
Status Network: A Gasless Blockchain Revolution
Status isn’t stopping at software. The project is also launching Status Network, the first Layer 2 Ethereum blockchain offering natively gasless transactions at scale.
Built on the zkEVM Linea stack, Status Network removes transaction fees using a reputation-based Karma system funded by native yield. This enables gasless private accounts, a game-changing feature for both casual users and developers seeking privacy-first blockchain solutions.
With the growing trend of Layer 2 solutions for scalability and cost reduction, Status Network could redefine how users interact with Ethereum. And for those interested in DeFi and staking, the platform has opened pre-deposit vaults .
Aligning Innovation With the Community
Unlike many projects that retain revenue internally, Status Network redistributes 100% of net revenues back to its community. This includes liquidity incentives, public funding pools, and token buy-backs. The model fosters sustainability while aligning developers, users, and investors around a shared vision.
For crypto enthusiasts, pairing the privacy-first philosophy of Status with trading and investment on BYDFi can create a secure and flexible ecosystem. Users can manage assets privately on Status while executing trades and leveraging DeFi products on BYDFi, combining privacy, security, and profitability.
Privacy, Freedom, and Fun: The New Standard
Status is proving that innovation doesn’t have to be purely technical—it can be secure, private, and entertaining at the same time. With USS Status, a privacy super-app, and the gasless L2 blockchain, the platform is breathing new life into Ethereum’s ecosystem.
Whether you are a trader, developer, or casual crypto user, this is an opportunity to explore tools that protect privacy, foster community engagement, and even bring a bit of humor into the sometimes intense world of cryptocurrency.
For those looking to trade, stake, or invest while maintaining privacy, integrating Status with BYDFi provides a seamless, secure experience, bridging the worlds of private messaging, blockchain technology, and crypto finance.
2026-02-02 · 2 days ago0 033Crypto Whales Hunt Gold as Prices Reach Decade-High
Crypto Whales Turn to Gold as Bitcoin Hits a Rare Stall
As Bitcoin struggles to find momentum, crypto whales are increasingly turning their attention to gold, creating a fascinating intersection between traditional safe-haven assets and the digital economy. Recent blockchain data shows a surge in tokenized gold withdrawals from major centralized exchanges, signaling that high-net-worth crypto investors are hedging during uncertain macroeconomic conditions.
Massive Gold Moves Spark Attention
On January 27, blockchain analytics firm Lookonchain flagged three wallets that collectively withdrew around $14.33 million in tokenized gold from exchanges such as Bybit, BYDFi , and MEXC. One wallet alone pulled 1,959 XAUT, valued at nearly $10 million, while others moved smaller but still significant amounts of XAUT and PAXG.
These tokenized assets track the price of gold rather than represent immediate physical delivery. However, their movement carries a clear message: crypto whales are seeking safety within the ecosystem without needing to exit digital channels.
The timing is notable. Spot gold has surged past $5,000 an ounce, attracting defensive capital, while Bitcoin has remained largely range-bound, trading near $88,125—up only 0.28% since the start of 2026. This divergence underlines a tactical approach: hedge in gold first, while Bitcoin waits for a favorable macro catalyst.
Tokenized Gold: Crypto’s On-Chain Safe Haven
The growing interest in tokenized gold is redefining how crypto investors hedge risk. Unlike traditional gold purchases, these tokenized assets allow investors to stay entirely within crypto rails, buying and moving gold on-chain without cashing out into fiat. This speed, flexibility, and familiarity are key advantages for whales who want security but remain embedded in digital markets.
Large exchange withdrawals often indicate intent to hold long-term rather than engage in short-term speculation. This aligns with the broader market trend: gold is rallying, with spot prices climbing 64% in 2025 and another 18% year-to-date into January 2026. Even major stablecoin issuers, like Tether, added 27 metric tons of gold to their reserves in late 2025, reflecting a growing acceptance of gold as a crypto-native hedge.
Bitcoin Stalls Amid ETF Outflows
While gold surges, Bitcoin’s slower movement is less about sentiment and more about market flows. Weekly reports from Bitwise Europe showed net outflows of $1.811 billion from global crypto ETPs, with over $1.1 billion from Bitcoin-specific products. Even US-listed Bitcoin ETFs recorded net outflows of $1.324 billion over the same period.
These outflows suppress incremental demand, meaning price stagnation does not reflect a lack of conviction but rather a flow-driven pause. Derivatives data supports this, with a three-month annualized basis near 4.8% and options skew leaning toward downside protection—a clear sign of risk management rather than a crowded long position.
Meanwhile, the Crypto Fear and Greed Index has swung back to fear after a brief January surge, highlighting the cautious sentiment dominating the market. A “maximum pain” stress channel between $75,000 and $81,000 for Bitcoin further illustrates how hedgers navigate downside risk when liquidity is thin.
Understanding the Sequencing of Gold and Bitcoin
The narrative emerging from these flows is not one of abandonment but strategic sequencing. Gold is the immediate safe-haven during risk-off periods, while Bitcoin may take the spotlight later when macro conditions favor liquidity and risk appetite.
The macro picture explains this rotation. Persistent geopolitical tensions, central bank gold purchases, and debates over reserve diversification have all contributed to gold surpassing the US dollar as the largest global reserve asset. In this context, investors diversify across bullion and Bitcoin, but timing and objectives differ: gold for stability, Bitcoin for potential upside during reflation or liquidity surges.
Wall Street asset managers are increasingly formalizing this relationship. Crypto-focused firms like Bitwise and Proficio Capital Partners recently launched an ETF bundling gold, metals, and Bitcoin, providing investors structured exposure to non-fiat assets and reinforcing the gold-first, Bitcoin-later strategy.
Could Bitcoin Be Poised for the Next Leg Up?
Some models suggest the next phase may favor Bitcoin, driven by relative value and liquidity rather than its status as a safe haven. Analysts at Bitwise Europe note that the BTC-to-gold ratio is at a minus-2-standard-deviation extreme relative to global money supply, a level not seen since 2015. Historical cycles indicate that BTC/Gold bear markets typically last around 14 months, and the current cycle has already reached this duration.
If flows reverse—from ETF outflows to inflows—Bitcoin could reconnect with gold’s momentum, and predictions point to potential prices above $125,000. The rotation would signal that risk appetite has returned and the market is ready to embrace Bitcoin as a high-convexity, trustless store of value.
Gold Sets the Stage, Bitcoin Awaits
For now, gold dominates the hedge narrative. Its historical stability, lower volatility, and central-bank support make it the go-to asset in a fear-driven market. Bitcoin, with its self-custody architecture and trustless design, is positioned as the next phase of macro hedging, waiting for the liquidity and market sentiment to shift.
Crypto whales are signaling a methodical approach: secure the present with gold, prepare for the future with Bitcoin. Understanding this sequencing may be key for traders and investors looking to navigate risk, maximize opportunities, and stay ahead in the ever-evolving intersection of digital and traditional finance.
2026-02-02 · 2 days ago0 022US Senators Question Deputy AG on Crypto Unit Closure over DOJ
US Senators Question Deputy AG Over Crypto Unit Shutdown Amid Rising Crime
In a dramatic hearing that has captured the attention of the crypto and legal communities alike, six U.S. senators are pressing Deputy Attorney General Todd Blanche over his controversial decision to disband the Department of Justice’s National Cryptocurrency Enforcement Team. The scrutiny comes amid a surge in illicit crypto activity throughout 2025, raising concerns that the DOJ’s move could have inadvertently created a loophole for criminal activity.
Blanche’s decision to dissolve the specialized crypto task force in April 2025 has become a focal point for lawmakers, especially given that he reportedly held substantial amounts of cryptocurrency at the time. The senators argue that this presents a potential conflict of interest that may have influenced his judgment.
Background: The DOJ’s Crypto Enforcement Team
The National Cryptocurrency Enforcement Team was established in 2022 under the Biden administration and quickly became a key player in high-profile investigations. Among its notable cases was the probe into Binance and its founder, Changpeng CZ Zhao, who eventually pleaded guilty in 2023 for violating U.S. anti-money-laundering regulations.
The task force’s mission was clear: to provide focused oversight of the burgeoning cryptocurrency market, ensuring compliance with U.S. financial laws and preventing misuse for criminal purposes. However, just months after Donald Trump assumed office in 2025 with a pro-crypto agenda, Blanche decided to dismantle the unit, arguing that the DOJ should not act as a digital assets regulator and criticizing the prior administration’s approach as reckless regulation by prosecution.
Senators Challenge Blanche’s Motives
While Blanche defended his actions as a policy decision, senators Mazie K. Hirono, Elizabeth Warren, Richard Durbin, Sheldon Whitehouse, Christopher Coons, and Richard Blumenthal have taken issue with the timing of the shutdown. According to their findings, Blanche declared ownership of crypto assets worth between $158,000 and $470,000 — primarily Bitcoin and Ethereum — just days before Trump’s inauguration on January 21, 2025.
By February 10, Blanche had committed to divesting these assets, yet he continued to oversee the DOJ’s crypto strategy for nearly two months, including issuing the memo scaling back the enforcement team on April 7. The senators contend that this raises serious questions about Blanche’s motivations, noting that his personal financial interests may have influenced his decision-making.
The fact that you held substantial amounts of cryptocurrency at the time you made this decision calls into question your own motivations, the senators wrote in a letter addressed to Blanche on January 28. They went on to suggest that his actions could potentially violate 18 U.S.C. § 208(a), a law designed to prevent government officials from participating in matters that could impact their personal financial interests.
Rising Crypto Crime Spurs Concerns
The controversy surrounding the DOJ’s decision is amplified by the surge in illicit crypto activity in 2025. According to research by TRM Labs, crypto-related crimes reached a record high of $158 billion, representing an astonishing 145% increase compared to 2024. During the same year, nearly 150 separate hacks led to losses of $2.87 billion, affecting investors, businesses, and crypto platforms worldwide.
Senators have warned that dismantling the enforcement unit could exacerbate this trend, making it easier for criminals to exploit gaps in oversight. These are grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation, the senators noted in their prior April 10 letter to Blanche. It makes no sense for the DOJ to announce a hands-off approach to tools that are being used to support such terrible crimes.
The increase in crypto crime is largely attributed to the use of digital assets by sanctioned entities, but all categories of illicit activity, including fraud, ransomware attacks, and theft, have seen substantial growth.
The Political Angle
Blanche’s decision has also sparked debates over policy direction. Critics argue that the move reflects the Trump administration’s pro-crypto stance, potentially prioritizing market growth over regulatory oversight. Supporters, however, contend that excessive regulation by prosecution could stifle innovation in the rapidly evolving crypto sector.
The ongoing inquiry highlights the delicate balance between fostering innovation in emerging technologies and ensuring that these technologies are not exploited for criminal purposes. With lawmakers closely watching the DOJ’s next steps, the cryptocurrency community is left uncertain about the future of federal oversight in the United States.
What Comes Next
The senators’ letter, joined by six prominent lawmakers, underscores the urgency of re-evaluating the DOJ’s approach to cryptocurrency enforcement. With illicit crypto activity showing no signs of slowing down, the government faces mounting pressure to either reinstate the specialized enforcement team or develop an alternative mechanism to safeguard the financial system.
As the investigation continues, Todd Blanche may be called upon to testify further regarding his motivations, timing, and potential conflicts of interest. Meanwhile, investors, regulators, and law enforcement agencies alike are watching closely, knowing that the decisions made in the coming months could shape the future of crypto regulation in the United States.
Whether you’re a beginner or a seasoned investor, BYDFi gives you the tools to trade with confidence — low fees, fast execution, copy trading for newcomers, and access to hundreds of digital assets in a secure, user-friendly environment.
2026-02-02 · 2 days ago0 08XRP Millionaire Wallets Increase in Encouraging Signal, Says Santiment
XRP Millionaire Wallets Surge as Market Fear Grows, Signaling Quiet Confidence
While much of the cryptocurrency market continues to wrestle with uncertainty and risk-off sentiment, XRP is quietly flashing a signal that long-term investors are watching closely. New on-chain data suggests that wealthy XRP holders are returning, even as broader market indicators remain stuck in fear territory.
According to fresh insights from blockchain analytics firm Santiment, the number of XRP wallets holding more than one million tokens has been steadily climbing since the beginning of 2026. This development comes at a time when overall crypto sentiment remains weak, making the trend particularly notable.
Wealthy XRP Holders Return Despite Price Stagnation
XRP’s price performance so far this year has been relatively muted. Since the start of 2026, the token has slipped by around 4%, hovering near the $1.87–$1.89 range. Under normal circumstances, declining or stagnant prices tend to push large holders away. However, Santiment’s data suggests the opposite is happening.
The analytics platform revealed that 42 new wallets holding more than one million XRP have reappeared on the ledger since January 1. This marks the first sustained increase in millionaire wallets since September, following a sharp decline late last year.
Between October and December, the number of high-value XRP wallets dropped by nearly 800, reflecting a period of distribution and reduced confidence. The recent reversal, however, suggests that deep-pocketed investors may be repositioning for the long term.
Santiment described the trend as an encouraging sign, particularly given the broader market environment. At current prices, a wallet holding one million XRP represents an investment of roughly $1.87 million, highlighting the scale of capital flowing back into the network.
Smart Money Accumulation Adds to the Bullish Case
Beyond raw wallet counts, other data points reinforce the idea that sophisticated investors are quietly accumulating XRP. According to figures from on-chain intelligence platform Nansen, so-called smart money traders have increased their XRP holdings by more than 11% over the past 30 days.
These traders, often defined by their historical profitability and strategic timing, are closely watched by market participants searching for early signals. Their renewed interest suggests growing confidence that XRP may be undervalued at current levels, despite short-term price stagnation.
Analysts Divided on XRP’s Near-Term Direction
While on-chain data paints a constructive long-term picture, analysts remain split on what XRP might do in the coming weeks.
Crypto trader CW noted on social media that XRP appears close to breaking through a significant selling wall. According to his analysis, buying pressure remains strong, and market structure is beginning to shift in favor of bulls. If resistance is cleared, CW believes XRP could make a move toward the $2.30 level.
Other industry voices are more cautious but still optimistic. Asset manager 21Shares recently pointed to XRP’s historical pattern of prolonged consolidation followed by sharp upward moves. When combined with increasing regulatory clarity and expanding institutional interest, the firm suggested XRP could be positioned for another meaningful price expansion.
Regulatory Narratives Cast a Shadow
Not everyone is convinced that XRP’s upside is guaranteed. Pav Hundal, lead analyst at Swyftx, has warned that XRP’s price action may be becoming overly dependent on narrative rather than fundamentals.
He emphasized that any unexpected developments surrounding the U.S. CLARITY Act voting process could apply short-term pressure to the asset. In such a scenario, sentiment-driven optimism could quickly give way to volatility.
This tension between structural optimism and regulatory uncertainty continues to define XRP’s outlook in early 2026.
A Market Still Dominated by Bitcoin
XRP’s mixed signals are also unfolding against a backdrop of broader market weakness. The CoinMarketCap Altcoin Season Index currently shows a Bitcoin dominance score of 31 out of 100, indicating that Bitcoin has significantly outperformed most major altcoins over the past 90 days.
At the same time, investor psychology remains defensive. The Crypto Fear & Greed Index recently posted a reading of 26, firmly within the Fear zone. Such conditions often suppress speculative activity across altcoins, even when individual projects show promising on-chain trends.
Long-Term Confidence Emerging Beneath the Surface
Despite the cautious mood across the crypto market, the steady return of XRP millionaire wallets suggests that long-term conviction may be quietly rebuilding. While prices have yet to reflect this shift, accumulation by wealthy holders and smart money traders often precedes larger market moves.
Whether XRP breaks higher in the near term or continues to consolidate, the underlying data points to growing confidence beneath the surface—at a time when fear still dominates the headlines.
Whether you’re a beginner or a seasoned investor, BYDFi gives you the tools to trade with confidence — low fees, fast execution, copy trading for newcomers, and access to hundreds of digital assets in a secure, user-friendly environment.
2026-02-02 · 2 days ago0 018
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