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🔹 Ethereum Network Activity Up 56% Before ETF ETH prices did not react to the S1 filing news on Friday. However, online data suggests investors are bracing for major trading activity in the coming week. 📈 A week ago, June 17,515,610 ETH wallets made transactions. Network utilization was in a tight 5% range until Friday, June 21, when news of the S-1 filing broke. Since then, Ethereum has recorded a whopping 56% surge in network activity, reaching 806,500 active addresses. ✔️ When there is a significant increase in the number of addresses, this indicates that many investors may be reacting to or preparing for a major event. Essentially, it is only a matter of time before this 56% surge in network activity is reflected in the price of ETH and we could potentially see a return to the $4,000 level. $ETH #ETH #ETF

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🏛️ Will Ripple Settle? Lawyer’s Weighs in on Ripple vs SEC Settlement, Appeal, and Much More The crypto community is eagerly waiting for the final judgment in the high-profile lawsuit between Ripple and the US SEC. The case, which involves potential fines totaling $2 billion, is crucial for the future of crypto regulation. 🔸 Possibility of Settlement Weighing on the matter, prominent lawyers, including former SEC attorneys Marc Fagel and James Farrell, believe that a settlement is still possible. Jeremy Hogan, a partner at Hogan & Hogan, notes that while a settlement is possible, however, it seems unlikely given Ripple’s recent victories. The SEC aims to unseal filings that could influence the penalty amount, but Ripple has contested the relevance of historical contracts. 🔸 Experts Weigh In on Appeal Considerations Having said that, the lawyers believe there is a lesser chance that the SEC will appeal XRP’s security status. Former SEC Crypto Enforcement Chief Kristina Littman suggests the SEC may not appeal Judge Torres’ decision on XRP, opting to keep it as a District Court opinion rather than risk a Circuit Court review. The Second Circuit Court’s recent ruling that secondary crypto sales are not securities supports Judge Torres’ decision on XRP. Whereas Coinbase’s CLO, Paul Grewal, highlighted this as a major victory for the crypto industry. While, Lawyer James Murphy, aka MetaLawMan, believes tokens in the Coinbase case aren’t securities. Plus, Empower Oversight’s president, Tristan Leavitt, noted suspicious “no relevant records” responses from the SEC, prompting a new FOIA request for more records. 🔸 Timeline for the Final Ruling Lawyers, including Fred Rispoli, anticipate that Judge Torres could announce a final judgment on remedies and injunction within 60 to 90 days after the last brief, potentially bypassing the need for additional rulings on expert witnesses. Given the ongoing developments and possible delays due to the election year, the final ruling is expected between August and September. #XRP

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📈 Manta Network announced the launch of wUSDM through BlackRock BUIDL Fund support and Mountain Protocol. In the statement, it was stated that Manta Network's wUSDM issued through the Mountain Protocol was supported by BlackRock's BUIDL Fund. 🔱 wUSDM on #MantaPacific via @MountainUSDM is now backed by @BlackRock’s BUIDL Fund, managed through @Securitize. Holders benefit from BUIDL’s institutional-grade security and transparency while earning yield. — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork ) After this news, MANTA price started to rise. $MANTA #MANTA

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📊 Cardano Price: Technical Pattern Repeating 10 Times Signals a Bullish Move To The Moon Altcoins are striving to recover losses and maintain their position as investors assess the current state of the market. Cardano’s ADA, currently ranked 10th, has declined by 2% in the past 24 hours and 3% over the last seven days. Analyst Crypto Capital Venture discussed a consistent pattern in Cardano’s (ADA) price movements, focusing on the 20-week moving average. Historically, whenever ADA enters the oversold territory on the stock RSI (a momentum indicator), it eventually moves up. This pattern has occurred around ten times, signaling major price movements each time. ADA is currently in the oversold territory again. If history repeats, it might soon test the 20WMA around $0.52. Breaking above this level could indicate the start of a new bullish cycle for ADA, similar to past cycles. 🔸 Short-Term Price Analysis: On the daily chart, there’s a potential bullish divergence on the RSI (Relative Strength Index), a momentum oscillator. This suggests that even though the price has been dropping, the momentum might be slowing down, indicating a potential bounce. He compared current price movements to past patterns and noted similarities, suggesting we might see a similar structure and bottoming out soon. However, some sideways or downward movement could still occur before a significant upward move. 🔸 Critical Resistance Range: For a bullish scenario, ADA needs to break above key moving averages: the 20-day around $0.41 and the 50-day around $0.44. The crucial range to watch is $0.45 to $0.48 for a bullish confirmation. On the weekly chart, ADA needs to get above $0.53 to indicate a strong bull market. There might still be some downward or sideways movement before a clear bullish trend emerges. If ADA can break above and maintain support at the key levels mentioned, it could signal the start of a significant upward trend. $ADA #ADA #Cardano

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🔥 Solana ETF Proposal Filed by VanEck New York-based investment firm VanEck has filed a proposal to launch a spot Solana exchange-traded fund (ETF). This comes after the U.S. Securities and Exchange Commission (SEC) greenlit Bitcoin ETFs in January. The regulator is also on track to complete the approval of several spot Ethereum ETFs. Following the SEC’s U-turn on Ethereum, several analysts suggested that ETF issuers could push for more altcoin ETF. As reported by U.Today, Ripple CEO Brad Garlinghouse predicted that the approval of multiple altcoin ETFs, including a Solana-based one, was inevitable. The Solana price is up 8% over the past 24 hours. $SOL #SOL #Solana

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