Last barrier for Solana ETF! VanEck's Matthew Sigel comments on the conditions for approval of the Solana ETF, noting that the decision largely depends on the outcome of the 2024 presidential election and Gary Gensler's tenure as president of the SEC.
VanEck, which already has ETFs for Bitcoin and Ethereum, has filed with the SEC for an ETF for Solana.
Sigel emphasizes that if Ethereum ETFs are approved, this will indicate their acceptance as a commodity, and that with some changes in the regulatory environment, Solana ETFs could also be approved.
Shocking prediction about Bitcoin (BTC) from the founder of Twitter! Jack Dorsey, co-founder of Twitter and a fervent defender of Bitcoin, claims that this cryptocurrency is destined to revolutionize the world in the coming years.
At an event in Italy last week, Dorsey stated that Bitcoin will soon be more valuable in the West. "It will take some time," he mentioned in his "Technology and Freedom" speech.
"It may not be 10 years, but 15. Little by little, people are recognizing the value and power of this system."
Dorsey even suggested that Bitcoin could replace the US dollar as a global payment method. "It could...complement or replace the all-dominating U.S. dollar," Dorsey said, wearing a Satoshi Nakamoto T-shirt and a gold chain.
He highlighted the importance of becoming independent from the global economy that currently depends on the dollar and the Chinese yuan.
"These currencies are controlled by governments, but with Bitcoin, you have much more control and freedom," he said.
Solana at Risk of Falling Below $100: Mercado AnalysisSolana (SOL) could break the $100 support after failing to break above $155 in the last 24 hours.
Alan Santana, a cryptocurrency expert, suggests that Solana is in a bearish "ABC" pattern, with the possibility of falling to a range of $80 to $100, similar to its price in January 2024.
The decline in trading volume supports this prediction.
Currently, Solana is valued at $143 and faces resistance at $150. If it falls below $100, it could be an opportunity for new investors, especially with the excitement around a possible ETF.#Solanađ #devcripto o#Criptomonedas #AnĂĄlisisDeMercado
Attention! The Polkadot ETF is coming and the cryptocurrency bull market is about to take off.
With the resolution of the Mt. Gox collapse and mass distribution of Bitcoin in July 2024, Tom Lee of Fun Strat Global predicts a strong rally for Bitcoin in the second half of the year.
Additionally, Sony is preparing to launch a cryptocurrency exchange in Japan, while Vitalik Buterin proposes significant improvements to Ethereum.
With Polkadot in the crosshairs of an ETF and bright futures, the crypto future promises strong emotions and explosive potential gains. đ
The cryptocurrency market has seen divergent moves this week, with XRP standing out by maintaining bullish momentum despite across-the-board cuts.
This boost is partly attributed to a key SEC court decision regarding the Binance case, which Ripple is using to support its own regulatory dispute.
Judge Amy Berman Jackson recently rejected Binance's claims that its BNB token transactions were securities, criticizing the SEC's effectiveness and lack of clarity in its regulatory approach.
This context has been crucial for Ripple, underscoring the importance of legal clarity in XRP sales.
A US federal court has ruled that cryptocurrencies, including Binance's BNB token, are not securities.
Judge Amy Berman Jackson dismissed the SEC's claims, stating that they failed to demonstrate that buyers of BNB on the secondary market expected to make profits, according to Howey's evidence. This ruling is a major victory for Binance and the cryptocurrency industry, and could influence future legal battles, including the ongoing lawsuit between the SEC and Ripple.
Tom Lee, the Bitcoin Oracle, Reveals His New PredictionsTom Lee, co-founder and head of research at Fundstrat Global Advisors, recently appeared on CNBC's 'Squawk on the Street' to share his latest predictions about the market and Bitcoin. According to Lee, inflation will continue to decline and S&P 500 earnings could exceed expectations. "Now that we're halfway through the year, 2025 earnings look much stronger.
"We thought maybe they would hit 260, but they could get closer to 285," he said. He also suggested that price/earnings multiples could rise due to dovish policies from the Federal Reserve and weakened employment prospects. As for Bitcoin, Lee mentioned that although BTC fell below 60,000, it is close to returning to 63,000. He highlighted that the resolution of the Mt. Gox issue could be a catalyst for a strong rally in the second half of the year. Lee firmly believes that Bitcoin can still reach the levels. $150,000, but warned that much of its annual gains occur in just 10 key days, without those days, Bitcoin's performance would be negative.
The European Union has begun to partially implement its Regulation of Markets in Cryptoassets (MiCA), impacting stablecoins.
Exchanges like Uphold, Binance, Kraken, and OKX are decommissioning non-compliant stablecoins like Tether (USDT).
What is your opinion on this? đŹ
In the US, the IRS has announced final regulations for crypto broker reporting, excluding decentralized exchanges and self-custodial wallets. What do you think of this measure? đ
Bolivia lifts Bitcoin ban!
The Central Bank of Bolivia now allows financial entities to operate with digital assets, although they are not considered legal forms of payment. Let's talk about this big step! đCoinbase has sued the US SEC and FDIC for failing to comply with requests under the Freedom of Information Act.
Will this impact the cryptocurrency market? Write your review! #devcripto $BTC
Vitalik Buterin proposes accelerating Ethereum transactions with a single-slot finality system.
Ethereum co-founder Vitalik Buterin suggests replacing the network's current epoch-and-slot mechanism with a single-slot finality one, addressing some key challenges.
Their proposal, published in a blog on June 30, promises to reduce transaction confirmation time from seconds to milliseconds, significantly improving the speed of operations on the Ethereum network.
#Ripple v#SEC 's legal battle over XRP sales has seen favorable rulings for Ripple, which could cause huge volatility in XRP and the crypto market if Ripple wins.
It has been more than three and a half years since the SEC sued Ripple for the sale of unregistered securities using XRP.
The judge ruled that Ripple's sales to secondary platforms were not offers of investment contracts.
The SEC was unable to appeal, and Ripple executives were acquitted of the charges. The case, now in trial, could be resolved soon, but could drag on.
The SEC reduced its requested fine to $102.6 million, arguing that it is fair compared to Ripple's profits. The outcome of the lawsuit is expected to cause volatility in XRP, with the potential for a rally if Ripple wins. #RippleXRP #SECCryptoRegulation #devcripto
đšHistorical! The US Supreme Court grants immunity to Donald Trump đš
In a surprising turn, the Supreme Court has ruled in favor of former President Donald Trump, giving him immunity from prosecution for actions taken during his time in office.
This crucial ruling could delay several ongoing trials, including those over 2020 election interference.
The decision sets a precedent that could change how future presidential actions are handled.
What do you think of this change in justice? Share your opinion!
This week promises to be intense with a series of important events that could influence the markets.
The MiCA regulation and key economic data such as the nonfarm payrolls (NFP) report, unemployment rate and the Federal Open Market Committee (FOMC) minutes will be in the spotlight.
Meanwhile, Bitcoin is showing clear signs of its next direction:
Incredible novelty in the crypto universe! đ #RippleXRP has introduced its own stablecoin, challenging big players like Tether and USDC.
This new token, fully backed by US dollar deposits and other liquid assets, promises to bring stability and trust to the ecosystem. đđ°âš
With this move, Ripple seeks to establish itself as a key player in the cryptocurrency market. Full support in dollars and equivalent assets ensures that users can trust the value of the token, mitigating concerns about the volatility that plagues many other cryptocurrencies.
Additionally, this initiative could encourage greater adoption of cryptocurrencies in general, offering a more stable option for transactions and storage of value. Competition between stablecoins is heating up, and Ripple is ready to make a difference with its focus on transparency and financial security.
This news is not only exciting for Ripple enthusiasts, but for the entire crypto community, as it opens up new possibilities and strengthens the digital financial infrastructure.
Key events of the week that you can't miss: Monday: June ISM Manufacturing PMI Find out how the US manufacturing sector is performing with this crucial economic indicator.
Tuesday: Speech by Fed President Jerome Powell Pay attention to clues about future monetary policy and strategies against inflation and recession. Tuesday: JOLT Employment Data Find out about the number of available jobs and unfilled vacancies, vital to understanding the dynamics of the labor market.
Wednesday: Fed Meeting Minutes Get an in-depth look at the Federal Reserve's discussions on the economy and monetary policy.
Thursday: Stock market closure Remember that the markets will be closed for Independence Day in the US.