Ethereum (ETH) experienced a slight decrease of over 1% on Friday due to reports that Hong Kong will now allow staking features to be integrated into spot ETH ETFs. ProShares also made a 19b-4 application for a spot ETH ETF with the SEC.
Solana meme coins GME and AMC saw significant drops of 27% and 36% respectively after GameStop Corp revealed disappointing earnings and plans to sell up to 75 million shares.
Robinhood’s acquisition of Bitstamp is seen as a strategic move to bolster its crypto business and compete effectively with rivals like Coinbase and Kraken, according to a report by broker Bernstein on Friday.