Today in crypto, ETF analysts are confident of REX Shares launching a Solana staking ETF very soon, Coinbase lands on TIME’s 100 Most Influential Companies list. Meanwhile, Vitalik Buterin has introduced a new kind of digital identity system dubbed “pluralistic identity.”
‘All systems go’ for Solana staking ETF to launch any moment: Analysts
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC).
“Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” ETF analyst Eric Balchunas said in an X post on Friday.
ETF Store president Nate Geraci said in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as “the ETF rule.”
Coinbase joins TIME's illustrious list of 100 Most Influential Companies
Cryptocurrency exchange Coinbase was named as one of the most influential companies of 2025 by TIME — a major US-based news publication.
The company was labeled as a "disruptor" by TIME and a major source of policy advocacy for the growing crypto industry. The news publication wrote this for the Coinbase bio:
"The company, which in May became the first crypto stock to be added to the bellwether S&P 500 index, is a key driver of the industry’s policy efforts in Washington D.C. If industry-friendly bills are passed, Coinbase stands to become an even bigger hub for US crypto activity."
Coinbase continues to be a gauge of the health of the crypto industry in the United States, and being featured in publications like TIME signals that the industry is gaining legitimacy.
Vitalik introduces ‘pluralistic’ IDs to protect privacy in digital identity systems
Ethereum co-founder Vitalik Buterin has introduced a new kind of digital identity system dubbed “pluralistic identity,” arguing it could protect privacy while enabling fair participation in digital life.
In a blog post published Sunday, Buterin explored the promise and pitfalls of zero-knowledge (ZK) proof-wrapped IDs, warning that even privacy-preserving systems can carry serious risks if they rigidly enforce one identity per person.
The Ethereum (ETH) mastermind noted that many new digital ID projects use zero-knowledge proofs to let users prove they have a valid ID without revealing personal details. Examples include World ID, which has surpassed 10 million users, Taiwan’s digital ID project, and European Union initiatives increasingly adopting ZK technology.
“ZK-wrapping solves a lot of important problems,” he wrote, but warned that “ZK-wrapped ID still has risks,” especially because enforcing one ID per person can undermine pseudonymity and expose users to coercion.
