2024-07-04

Author

Fernando Fierro
July 04, 2024

Howdy folks,

🌟📈 VanEck is making moves to launch a Solana ETF, but the road ahead is tough. VanEck's Head of Digital Assets Research, Matthew Sigel, highlights that SEC Chair Gary Gensler's stringent conditions, like needing a regulated futures market, are major hurdles.

Sigel believes a leadership change at the SEC post-2024 election could be the game-changer for approval.

In other news:

🚀📅 Anticipation is building for the launch of spot Ethereum ETFs, with key dates predicted in mid-July. Analysts expect amended applications to be submitted by July 8, potentially leading to a launch week around July 15.

This could attract significant capital, boosting Ethereum’s role in the crypto market, despite possible short-term volatility.

⚖️🔍 The SEC's lawsuit against Ripple Labs is nearing its end, with verdicts potentially arriving on July 13 or July 31. This case could set a precedent for future crypto regulations, influencing the market significantly.

Ripple’s defense hinges on disproving the SEC's claim that XRP sales were unregistered securities offerings.

🔄💥 Bitcoin Cash’s hash rate skyrocketed to a 17-week high overnight, causing a stir in the crypto community. The surge coincides with the emergence of a new, unknown miner dubbed ‘Phoenix,’ sparking speculation about its intentions.

This comes amid ongoing legal troubles for BCH advocate Roger Ver, recently released on bail in Spain.

DailyCoin Daily Meme

Iggy Azalea’s Response to Sydney Sweeney’s Hack Sparks Angst

Celebrity meme coin pandemic takes another casualty as hackers use Sydney Sweeney’s X account as a front to raise $13M from crypto enthusiasts.

Solana ETF Filing Fails to Incite SOL Past Initial Excitement

Solana ETF skepticism grows as market reaction remains muted, contrasting with Bitcoin, Ethereum booms.

How Consensys’ Wallet Guard Move Bolsters MetaMask Security

Consensys has recently announced the acquisition of Wallet Guard, a prominent crypto security tool, in a move that promises to bolster MetaMask security.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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