The SEC is closely monitoring the trends in POS staking, which is directly beneficial for ETH and SOL. Based on the current trend, there is a high possibility that the ETH staking ETF will be approved. In fact, the SEC had already started researching staking ETFs before 21Shares submitted their application.

According to the process, the final deadline for the application is October 30. The SEC may not approve it immediately and might wait until the new chairman of the SEC takes office in April to make a decision. However, overall, the recent policy environment is still quite favorable.

Additionally, after the primary market was ruthlessly harvested by the Argentine presidential coin and CZ's dog broccoli, the activity has significantly decreased. Now, there is a surge of criticism against the conspiracy groups on the SOL chain on the external networks. The gameplay of meme coins has already become standardized, with issuance, accumulation, selling, and running away all forming a systematic operation. Retail investors finding it difficult to make money from ordinary on-chain meme coins has become an arduous task. Even when going for high IP, caution is needed; the Argentine presidential coin is a prime example, with many vehicles facing disaster.