Ethereum has two explosive news! It may affect the trend in July. Will it reach $4,000?

According to the latest news from Bloomberg, banking giant Standard Chartered Bank is setting up a trading platform for Bitcoin and Ethereum. This move will make it the first banking giant involved in crypto assets.

Although Standard Chartered Bank is a traditional institution, it has always been positive and open to cryptocurrencies. It has predicted that Bitcoin will reach $150,000 by the end of the year. It also believes that Bitcoin will benefit from Trump's election, so the price will be further pushed up and will reach $200,000 by the end of 2025.

More and more large financial institutions are beginning to be bullish and long on Bitcoin and Ethereum. The United States has launched a Bitcoin spot ETF, and Hong Kong has launched Bitcoin and Ethereum spot ETFs. In just half a year, Hong Kong's Bitcoin ETF has bought nearly 4,000 Bitcoins.

The second good news is that Ethereum developer Consensys said that the U.S. Securities and Exchange Commission (SEC) has ended its investigation into whether Ethereum's Ether is a security. This means that there will be no more allegations that Ethereum ETH sales are securities transactions.

As for when the Ethereum ETF will be approved, SEC Chairman Gensler predicted that the Ethereum ETF will be approved before September. Previously, the SEC approved the 19b-4 applications of 8 companies. Next, it only needs to wait for the S-1 application to be approved before it can be traded on US exchanges.

For July, I am generally optimistic, especially for Ethereum. With the trend of Bitcoin spot ETF after approval, Ethereum will definitely not be bad. Well, originality is not easy, remember to pay attention, and accompany you to slowly get rich on the bull market!

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