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#TradeLeauge
🚀 Bitcoin Bulls Hit 7-Month High as BTC Flirts with Record Price!**

Bitcoin sentiment on social media has surged to its highest level in **7 months** as BTC nears its all-time high once again! 📈

### **Key Highlights:**
- **Bullish ratio hits 2.12** (2.12 positive comments for every negative one) – the highest since **Nov. 6** (post-Trump election rally).
- Bitcoin briefly crossed **$110,000 multiple times** this week, fueling optimism.
- Current price: **$108,635** (just **3% below** its ATH of **$112,000** on May 22).

### **Retail Interest Rising?** 🛒
This cycle’s rally has been driven mostly by **institutional & nation-state adoption**, but now **retail traders are turning bullish too** – a potential extra boost for BTC!

### **Market Sentiment: Greed Zone** 😼
- **Crypto Fear & Greed Index** scores **71/100** ("Greed").
- Still below the **94/100** peak seen in **Nov. 2024** when BTC surged from **$67.7K to $99.2K** post-election.

### **What’s Next?**
With **spot supply shrinking** and sentiment heating up, **volatility could be ahead**! Will BTC smash its ATH soon? 🤔

**Stay tuned!** #Bitcoin #BTC #Crypto #BullRun

*(Source: Santiment, TradingView, Crypto Fear & Greed Index)*$BTC

#tradeLeauge SEC Rejects DeFi Development’s Plan to Buy $1B in Solana (SOL) 📉**

The **U.S. Securities and Exchange Commission (SEC)** has **rejected** DeFi Development’s proposal to issue **$1 billion in securities** for purchasing **Solana (SOL)**. The reason? **Missing documentation**! 📄❌ The company has now **withdrawn** its **Form S-3 registration**, promising to fix and resubmit it soon.

### **A Bold Bet on SOL Despite SEC Roadblock 🚀**
Despite the setback, DeFi Development has **already invested millions** in SOL over the past two months. But to **go big** (as planned), they need **more liquidity** from the securities offering—currently **blocked by the SEC**.

### $SOL
Why Solana? The "Altcoin Strategy" vs. Bitcoin 💡**
While many firms follow the **"Bitcoin Strategy"** (hoarding BTC as a reserve asset), DeFi Development is taking a **different path**: **Ethereum, Solana, and XRP**. Since **April**, they’ve pushed a **$1B fundraising plan** to buy **SOL**—potentially the **biggest corporate Solana purchase ever**.

### **SEC’s Rejection: Missing Internal Reports ⚖️**
The SEC shot down the proposal due to **lack of internal control reports**—a **key requirement**. DeFi Development stated:
> *“We’re withdrawing the registration as we currently don’t meet SEC’s Form S-3 criteria.”*

This **delays** their plan to use securities funds for SOL purchases. However, they’ve **already put $42M of their own money** into SOL (as of April).

### **Staking & Ecosystem Growth 🌱**
DeFi Development isn’t just buying—they’re also:
- **Staking SOL** 📊
- **Partnering** to expand Solana’s ecosystem 🤝

### **What’s Next? 🚨**
To **become a SOL whale**, they **need SEC approval**. The process started in April but got **rejected after 2 months**. The SEC’s red light has **paused** their **"Solana Strategy"** dream—for now.

**Thoughts?** Will DeFi Development succeed in its **big SOL bet**, or is the SEC hurdle too high? **Drop your take below!**

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