⚡️ 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

🌍 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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🪙 For the first time in history, #Solana has surpassed #Ethereum in trading volume on #DEX

According to #Defillama data for July, the trading volume of #SOL on decentralized exchanges amounted to $55.8 billion, compared to $53.8 billion for #ETH.

📉 However, despite these positive indicators for Solana, the coin has gone down amidst new testimonies from an #FTX whistleblower. The testimonies reveal that SBF’s conglomerate currently holds about 8% of SOL in its secret wallets, which amounts to approximately $6 billion.

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#CryptoNews

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 57.35%
🧭 Fear and Greed Index — 25

🇺🇸 August 15 15:30 USD — Number of initial jobless claims. Forecast — 235k, previous value — 233k

📌 #Matrixport believes that a Bitcoin rally is inevitable after the release of U.S. inflation data

🕯 #Bitcoin is reducing volatility — this year, there have only been 25 days with significant price movement

🔷 Gas fees on the #Ethereum network are at an annual low

🪙 A critical vulnerability in the #Solana network has been fixed

🪙 #Ripple has begun testing its stablecoin — Ripple USD (#RLUSD)

🪙 #BTC reserves on exchanges have reached a 5-year low

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#Analytics #SOL

🪙 Currently, experts estimate the potential of #Solana to be in the range of $300 to $1000 per coin. However, on-chain data points to a more likely scenario in the near future — a return to the $190 level.

Among the most significant reasons for SOL's growth are applications for the launch of #Solana-#ETF, the continued interest in meme coins within this ecosystem, the growing competition with #Ethereum in #DEX, and the active efforts of the Solana team to improve the project.

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this is not a trading recommendation

🪙 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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🚀 #TRX has become the undisputed leader of the week

#TRON has shown a growth of over 17% in the last 7 days. The reason for this success is the launch of the platform on the TRON network for creating meme coins — #SunPump.

🔼 The platform has already generated $585,000 in the first 24 hours, surpassing the similar solution #Pump.fun on the #Solana network. Justin Sun has stated that TRON is now the top blockchain by revenue.

📈 At the moment, TRX has reached its three-year ATH, and the overall growth for the year exceeds 100%. Meanwhile, most altcoins are still trading significantly below their historical highs.

#CryptoNews

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A visual comparison of meme coins on the #TRON and #SOLANA blockchains.

The new platform by Justin Sun likely has potential 🚀

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#Opinion #Analysis

🪙 The total value locked in #SOL has reached $5.5 billion, marking the highest level since January 2022

Why is this important?

#BitgetResearch analyst Ryan Lee claims that the increasing activity on the #Solana network, combined with growing interest from institutional players such as #FranklinTempleton and #Citibank, could serve as favorable factors for the coin's growth:

"Considering the current market sentiment, increased activity, and ongoing development of the Solana ecosystem, along with significant partnerships, we expect Solana to be more bullish than bearish in October, potentially reaching a price range of $160 to $180."

🕯 Lee also notes that #Solana showed resilience at the $110 level while the broader market was in a downtrend, and the #memecoin sector within the project’s ecosystem was one of the most reliable during periods of high volatility.

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Yesterday, we wrote that institutional investors see growth potential in #Solana, but Edward Snowden expressed the opposite opinion at the #TOKEN2049 conference.

What do you think about this?

🔥 — #SOL to the moon
🗿 — Snowden is right
😎 — #KICK to the moon

#QuoteOfTheDay

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#Opinion

🪙 #StandardChartered believes that #Solana will increase in value by five times

This forecast is based on the assumption that, in the event of Donald Trump's victory in the elections, the #SOL-#ETF will be approved and launched within the next year.

Additionally, experts noted the potential for #ETH to triple in value and #BTC to quadruple by the end of 2025. The outlook for Bitcoin generally aligns with market expectations of the digital gold reaching around $200,000, with the timing being the only question.

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