According to the latest data, the cryptocurrency market is experiencing new developments. Many institutions have submitted applications for spot cryptocurrency ETFs for LTC, SOL, and XRP, among others. Among them, the approval probability for Litecoin (LTC), Solana (SOL), and cryptocurrency asset baskets/index ETFs is as high as 90%, while the approval probability for Ripple (XRP) is 85%. The approval probability for Dogecoin (45068129362) and HBAR is 80%, and for DOT, AVAX, ADA, etc., the approval probability stands at 75%. Currently, all project 19b - 4 documents have been confirmed by the U.S. Securities and Exchange Commission (SEC), with the final approval deadlines concentrated in the second half of 2025. This news has undoubtedly sent a shockwave through the cryptocurrency field, sparking widespread attention and heated discussion among market participants. Once these spot cryptocurrency ETFs are approved, they will provide investors with more convenient and diversified investment channels, further promoting the integration of the cryptocurrency market with traditional financial markets.

In today’s blockchain hot news, the following major events are worth noting:

1. Notable figure Teacher San Shang has ventured into the cryptocurrency field, issuing a new coin. The coin issuance address has received over 5000 SOL, but the rules explicitly exclude Japanese users. This action has sparked much speculation and discussion within the crypto community, with some curious about the coin's development prospects while others are puzzled by the exclusion of users from specific regions.

2. According to related reports, Trump Media is actively exploring the launch of a utility token for the Truth Social ecosystem. If successfully implemented, this initiative will bring a new experience to Truth Social users and may also have a profound impact on the integration of social media and cryptocurrency, opening new avenues for industry development.

3. Financial giant Blackstone has applied to replicate its $150 billion money market fund on the blockchain. This demonstrates traditional financial institutions' recognition and exploratory application of blockchain technology, which is expected to accelerate the popularization and innovation of blockchain technology in the financial sector.