$WCT

🪙 Bitcoin Soars to $108,000 Amid Speculation on Fed Rate Cut:

• Bitcoin (BTC) has shot higher than $108,000, adding more than 4.5% in the past 24 hours.

• The price action is fueled partly by heightened hopes of a U.S. Federal Reserve rate cut in the July FOMC meeting.

• Investors are rotating back into risk assets, including cryptocurrencies, as bond yields decline.

🗳️ Trump-Related Crypto Stocks Rally:

• Trump's growing chances of reelection and his crypto-friendly position are powering rallies in altcoins and mining stocks.

• TRUMP token (meme coin) jumped more than 70% following a post from a Trump campaign advisor suggesting "crypto freedom in 2025."

🌍 BlackRock's Spot Ethereum ETF Inches Closer:

• The SEC is said to be considering amendments to BlackRock's proposal for an Ethereum ETF.

• Experts say that there's a "high likelihood" of approval by the end of July, spiking ETH to $6,200, a 3.2% increase today.

🏦 Tether Unveils Gold-Backed Stablecoin in UAE:

• Tether has unveiled a new stablecoin backed by gold (XAUT+) in collaboration with a UAE bank.

• The launch is in sync with increasing crypto-commodity demand within the Gulf.

🔐 Solana Experiences Network Slowdowns Again:

• Solana has indicated periodic congestion due to a sudden spurt in NFT minting.

• Developers indicate a patch is being rolled out, but SOL fell 2% on the announcement.

#walletconnect @WalletConnect