CME Group to Launch Solana Futures, Expanding Institutional Crypto Offerings
Daily Top Performer — Cardano (ADA)
The S&P 500 fell 1.42% in February amid tariff concerns. Investors eye the March 4 tariff deadline and Friday’s job reports for market direction. Gold rose to $2,870 on safe-haven demand amid Russia-Ukraine tensions, while USD strength may cap gains. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.5%, with Bitcoin and Ether dropping by 1.66% and 3.49%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
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Today's top performer is ADA, which surged 60.3% after Cardano enacted its first on-chain Constitution, strengthening decentralized governance.
Cardano (ADA), founded in 2015 is a third-gen Proof of Stake blockchain designed to address scalability issues. Its five-phase roadmap—Byron (launch), Shelley (decentralization), Goguen (smart contracts), Basho (sidechains), and Voltaire (governance)—aims to make Cardano fully decentralized and self-funded. Cardano has officially enacted its first on-chain Constitution, marking a shift to structured and transparent governance. Developed through global discussions and rigorous voting thresholds, it provides a clear framework for decision-making. With decentralized governance now fully operational, every ADA holder can participate in shaping the network’s future.
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Talk of the Town
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CME Group will launch Solana (SOL) futures on March 17, pending regulatory approval. The new contracts will include micro (25 SOL) and standard (500 SOL) sizes, offering institutional and retail investors regulated tools for managing cryptocurrency risk. The futures will be cash-settled based on the CME CF Solana-Dollar Reference Rate. This expansion adds to CME's crypto product lineup, which includes Bitcoin and Ether futures, reflecting growing institutional adoption of Solana. Industry leaders see the launch as a milestone in crypto market maturity, providing investors with capital-efficient trading and risk management options.
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Bitcoin Spot ETF Flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
24 February 2025 | (59.5) | (479.5) | (539.0) |
25 February 2025 | (66.1) | (1,072.8) | (1,138.9) |
26 February 2025 | (22.7) | (731.9) | (754.6) |
27 February 2025 | (7.3) | (268.6) | (275.9) |
28 February 2025 | (33.3) | 127.6 | 94.3 |
Total (weekly) | (188.9) | (2,425.2) | (2,614.1) |
Current Total (from inception): | (22,295) | 59,248 | 36,953 |
BTC Spot ETFs saw $2.61B in net outflows over the past week, with GBTC losing $188.9M and non-GBTC ETFs seeing $2.43B in outflows. Notably, February 25 had the highest single-day net outflow of $1.14B. Since inception, GBTC has lost $22.3B, while non-GBTC ETFs have gained $59.2B, leading to a total net inflow of $36.95B.
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Airdrop to Watch
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Primus Labs is launching a free airdrop as part of its XP program, aimed at advancing data interoperability across blockchain and AI. The project has raised $6.5M and is backed by major investors like VanEck and Samsung Next. To participate, download the Primus extension, connect your Metamask wallet, and complete simple tasks in the app to earn XP and qualify for the airdrop. Some tasks may experience delays due to bugs.