SEC Delays Grayscale’s Litecoin and Solana ETF Filings

By: cryptosheadlines|2025/05/14 09:15:06

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The SEC just postponed two of Grayscale’s ETF applications, specifically those concerning Solana and Litecoin. This latest announcement adds to the Commission’s recent series of decisions to push back several altcoin ETFs from different asset managers.Several prominent ETF analysts also declined to publicly comment on this delay. In the long run, SEC approval is still very likely, even if it takes a few months to be finalized.The SEC Keeps Delaying Altcoin ETFsSince the SEC came under new management under the Trump administration, it’s been hit with a flood of ETF proposals. Although professional analysts and community enthusiasts are bullish about approval odds, it hasn’t happened yet. Nonetheless, when the Commission postponed Grayscale’s Solana and Litecoin ETF applications, reactions have been muted.“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change,” the SEC claimed in its delay filing. Indeed, the Commission has been postponing several ETF applications over the last few weeks. When the SEC delayed Canary Capital’s Litecoin ETF, this fell in line with analysts’ predictions. Previously, analysts claimed that a Litecoin ETF is more likely than any other altcoin product, but didn’t comment on today’s events.The market is also anticipating a Solana ETF, but progress isn’t coming yet. At this point, the market is starting to price in these delays. Last week, Litecoin rallied after the SEC delayed an ETF filing, defying bearish assumptions. So far, neither of the underlying tokens has seen much of a price move after the Commission’s announcement.Solana (SOL) Price Performance. Source: BeInCryptoStill, there are plenty of reasons to be bullish about approval in the long term. Less than a week ago, the SEC met with representatives from BlackRock to discuss ETF regulations. These talks included high-level associates from the world’s largest Bitcoin ETF issuer; the Head and Director of both Digital Assets and Regulatory Affairs were present.In other words, the SEC is delaying things, but it’s probably going to approve several of these altcoin ETFs in the end. The Commission is seeking industry feedback on long-term implications, but it hasn’t given an outwardly negative sign yet. Of course, the industry would love speedy SEC approval for all these ETF filings. However, as the recent rate cuts saga clearly indicates, it doesn’t need things like this to maintain profitability. The crypto market has a lot of solid fundamentals right now, which will benefit these assets, even if the Commission keeps dragging its feet for months.DisclaimerIn adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.Source link

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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