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Unveiling the Solana Saga: From Microwaves to NFTs

The recent stunt involving a Solana Saga smartphone being microwaved by influencer Bangerz has sparked both controversy and intrigue within the crypto community. Here's a breakdown of the events and the aftermath: The Saga of the Solana Saga Smartphone Microwaving Incident Bangerz, a self-proclaimed "washed-up influencer" and CEO of NFT launchpad 3land, posted a video of herself microwaving one of the limited 20,000 Solana Saga smartphones. The video depicted the smartphone emitting crackling sounds, steaming, and eventually dripping a mysterious liquid as the screen bubbled off the hardware. Following the microwave stunt, Bangerz minted 3,333 commemorative Solana NFTs inspired by the video, all free to mint via 3land. Solana co-founder Anatoly Yakovenko and other Solana users reacted to the NFT release, with the message "Saga phones are now deflationary" gaining attention. The Saga Microwave NFTs were quickly minted and started trading on secondary marke

Spot Bitcoin ETF Approval: Galaxy Digital CEO Predicts Green Light in Next 3 Months

Galaxy Digital CEO Mike Novogratz expressed confidence that a spot Bitcoin ETF will likely receive approval within the next three months. During an interview with CNBC, Novogratz highlighted the positive dialogue between industry participants and the Securities and Exchange Commission (SEC), suggesting that the regulator is moving in the right direction. Novogratz believes that the SEC is under significant pressure to approve a Bitcoin ETF, especially following its recent court loss to Grayscale. After the SEC missed the deadline to appeal the court defeat, investor confidence in an upcoming ETF approval has increased. Grayscale's narrowing GBTC share discount further reflects this sentiment. Additionally, both ETF applicants and analysts have noticed a more constructive change in tone from the SEC, with more specific questions being asked during the comment period. Ark Invest CEO Cathie Wood also shared similar sentiments, stating that she believes hopes are rising for the approval of multiple Bitcoin ETFs. Fidelity recently updated its spot Bitcoin ETF application to address SEC concerns, providing more details on custodial arrangements and Bitcoin hard forks.

Overall, it appears that the momentum for a Bitcoin ETF approval is growing, with industry leaders and applicants noting positive developments in their interactions with the SEC. The court loss to Grayscale and the narrowing GBTC share discount have further bolstered investor confidence in an upcoming approval. As more applicants address SEC concerns and provide additional details in their applications, the likelihood of a Bitcoin ETF approval in the near future seems promising.

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