⚡️ Lawsuit filed against #SEC

The American Blockchain Association decided to strike back at the organization using its own weapon.

The lawsuit challenges the "dealer rules," and SEC is accused of "capricious rulemaking" and "misguided attacks" on the digital assets industry.

Finally, someone decided to fight back ⚔️

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

⚡️ The #SEC might approve an #ETF for #ETH on May 23

For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.

Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.

#CryptoNews #Opinion

💸 #Trump has opened cryptocurrency donations for his campaign, as promised

A wide range of cryptocurrencies are accepted for donations, including #memecoins. Whether Donald Trump accepts the #TREMP token is still unclear.

Meanwhile, the #SEC's shift on #ETH is being linked to the Democratic Party's attempt to win over the crypto community from Trump 🧐

#CryptoNews

#Opinion

🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)

In January, the approval for the launch of a #BTC ETF was published around the same time 💰

In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.

So, #ETH to the moon? 🚀

🔥 — yes
🌚 — no

😰 They barely approved the #Ethereum #ETF and they're already discussing a #SOL ETF.

However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.

Meanwhile, #ETH has managed to break through $3,900 🚀

#CryptoNews

⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer

Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."

Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳

#CryptoNews

⚡️ #SEC has terminated the investigation against #ETH

The regulator no longer claims that #Ethereum is a security 🥳

Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.

#CryptoNews

⚠️ #SEC may launch investigations into meme coins

This is particularly relevant for coins issued by media personalities, as their sale may be interpreted by the regulator as a securities offering.

Well, that's it, time to dump #Tremp and #Durev 👋

#CryptoNews

⚡️ An application has been submitted to the #SEC for launching an #ETF based on #Solana

#VanEck has submitted an application to launch an exchange-traded fund based on #SOL, where the altcoin is referred to as a commodity, without the possibility of staking.

The coin immediately responded with growth, and analysts from #GSR stated that if spot Solana-ETFs are approved, a 9-fold increase in SOL can be expected.

#CryptoNews

#Opinion

🔷 Analysts from K33 Research predict that after the launch of an #ETF, #Ethereum will surpass #BTC in growth rate

In their opinion, trading could start as early as July 8, leading to a significant increase in the price of #ETH.

Meanwhile, #Bloomberg reports that the #SEC will approve the applications on July 12, and trading will begin in the middle of the month. If launched, experts foresee a capital inflow into the ETH-ETF of 45 billion dollars in the first year of trading 📈

⚡️The CEO of the analytics company #Messari, Ryan Selkis, has declared war on the #SEC

The Messari CEO called the regulator an illegal entity and its chairman a "corrupt and counterproductive feckless official."

The company has already announced the severance of all contacts with the SEC and is preparing its own package of proposals for cryptocurrency regulation in the US.

#CryptoNews

⚡️ Forms for listing a #Solana-#ETF have been submitted to the #SEC

🪙 19b-4 forms were sent by the options exchange #CBOE on behalf of #VanEck and #21Shares. #Bloomberg analysts predict a decision deadline for the applications by March of next year. They also highlight that the results of the US presidential election could further influence the approval of the #SOL-ETF.

🔷 Meanwhile, issuers of spot #Ethereum-ETF, including #BlackRock, #Fidelity, #Grayscale, #21Shares, #Franklin #Templeton, and VanEck, have submitted updated application forms to the SEC. Experts now cite July 18 as the listing date for the #ETH-ETF.

#CryptoNews

⚡️ The launch of the #Ethereum-#ETF may take place on July 23

ETF market analyst from #Bloomberg, Eric Balchunas, reported that the #SEC has sent a request to #ETH-ETF issuers to submit final application forms, including fee details.

📈 Industry experts believe that if no unforeseen circumstances arise, registration could be completed by the end of this week, and trading could begin on July 23.

🔷 Are you waiting for the Ethereum ETF?

#CryptoNews

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 56.60%
🧭 Fear and Greed Index — 74

🇺🇸 July 31 9:00 PM USD — Fed Interest Rate decision. Forecast — 5.50%; previous number — 5.50%.

🇺🇸 August 2 3:30 PM USD — Unemployment rate (June). Forecast — 4.1%; previous number — 4.1%.

🪙 #Solana has surpassed #BNB in market capitalization, and the price of #SOL is preparing to reach $200.

🪙 A new bill has been introduced requiring the US Federal Reserve to hold #BTC as a strategic reserve asset.

🎙 At #Bitcoin2024, Donald Trump gave a speech promising to fire the head of the #SEC and stated that the US will become the world leader in the crypto industry.

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🪙 SEC Rejects #SOL-#ETF Proposals

The 19b-4 proposals submitted by Cboe BZX from potential #Solana ETF issuers have been rejected by the #SEC. The agency reminded that it still considers Solana a security.

Apparently, Tyler Winklevoss — co-founder of Gemini — was not without reason when he called on over 50 million U.S. crypto investors to put pressure on Kamala Harris to fire the SEC chair and end the "war on cryptocurrency" 🤷‍♂️

#CryptoNews

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🕯 While the market is falling, traders are betting on the rise of #BTC

Options traders on #Bitcoin are mainly betting on the coin’s price rising to $80,000 after November 8 — the conclusion of the elections and the Federal Reserve meeting, where the new rate is expected to be announced.

The market estimates Donald Trump’s victory at 63.5% and the probability of a rate cut at 87%. Both of these events carry bullish potential for cryptocurrencies. Additionally, the possible resignation of Gary Gensler — the head of the #SEC, whose stance on digital assets is considered ineffective not only by industry representatives but even by the U.S. Congress — adds to the positive sentiment.

#CryptoNews

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📆 Friday's #CryptoDigest of news:

🪙 #Bitcoin has dropped below the support level of $70,000, presumably due to a sell-off in #Nasdaq and #S&P500 stocks triggered by statements from tech giants about increased AI investments. Total outflows from the stock market amounted to $953 billion.

⏰ Today, options contracts for #BTC and #ETH worth a total of $2.3 billion are set to expire, which may impact the short-term price movements of these assets.

🪙 #CanaryCapital has officially filed an application with the #SEC for a Solana-based ETF.

🕯 Inflows into spot Bitcoin #ETFs remain close to zero.

📌 The market is bracing for volatility due to today’s release of non-farm payroll data.

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