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A post to X, made by the official Solana handle over the weekend, has drawn criticism from the Ethereum community after comparing the blockchain to NASDAQ’s throughput of 2,000 transactions per second (TPS).  According to Etherscan data, Ethereum mainnet has processed a little under 1.7 million transactions in the last 24 hours, which works out at an average of 19 TPS. Solana’s post has been received by Ethereum “maxis” as a petty, apples-to-oranges comparison of Ethereum, a decentralized, permissionless global network, to NASDAQ’s closed-off, centralized stock exchange infrastructure. When they say the future of markets runs at 22 TPS but NASDAQ handles 2k trades per second pic.twitter.com/TAsGAcFc7k — Solana (@solana) August 9, 2025 Read more: Coinbase Base network halts for 44 minutes due to ‘unsafe head delay’ Samczsun, a well-respected pseudonymous crypto security researcher at Paradigm, implied that the post was an aggressive over-reac...

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX. Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to the Ethereum (ETH) rival. Coinbase Custody will serve as the custodian for Grayscale’s Avalanche ETF if it’s approved. The crypto asset manager also hopes to launch funds tied to Cardano (ADA), Solana (SOL), XRP and Hedera (HBAR). The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The re...

Several companies have filed Spot Bitcoin applications with the U.S. Securities and Exchange Commission over the past few months. Brakes are far from being applied as new participants like Franklin Templeton continue to join the race. In a recent interview with Forbes, Nasdaq ’s Head of U.S. Equities and Exchange-Traded Products, Giang Bui, asserted that the ETF business is very competitive. Nasdaq has been working very closely with issuers and different market participants involved with ETF s. In fact, the exchange is gearing up “to be ready to go” as soon as it is allowed to do so. Bui said, “Everyone is always competing for the best idea, and if there’s similar types of product ideas, then the question is how to get to the market the fastest? Being first to market makes such a big difference. “ Nasdaq Readies Itself To List A Spot Bitcoin ETF via @ForbesCrypto https://t.co/Riar43UOvv pic.twitter.com/44b9am1dUH — Forbes (@Forbes...