#Ethereum struggles to break back above $2,500. If #Bitcoi | Syed Faisal Naqvi on Binance Square

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Syed Faisal Naqvi

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#Ethereum struggles to break back above $2,500. 
If #Bitcoin continues to trade sideways, then $ETH will trade in the current range for some time.#ETHETFsApproved #OneBigBeautifulBill #Write2Earn #Binance $ETH 

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#StrategyBTCPurchase 🚀BULLISH: $BTC price hits $109,500 $BTC #Write2Earn #Binance

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🚨BREAKING: The 🇺🇸U.S. Federal Housing Director calls on Congress to investigate Fed Chair Powell for his "political bias" and "deceptive Senate testimony." 👀 #REX-OSPREYSolanaETF #USCorePCEMay #USCorePCEMay #Write2Earn $BTC $ETH $XRP

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SEC approves Grayscale’s multi-crypto index ETF: XRP, SOL, ADA to gain After the SEC’s approval of Grayscale crypto index ETF, Bitwise could be next. Individual ETF greenlight for XRP, SOL, and ADA expectations remain high. The U.S. Securities and Exchange Commission (SEC) has finally approved the first crypto index ETF (exchange-traded fund) tracking more altcoins beyond Bitcoin [BTC] and Ethereum [ETH]. On the 1st of July, the agency greenlighted the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a multi-crypto asset spot fund. The crypto index fund will list on NYSE Arca and includes BTC, ETH, XRP, Solana [SOL], and Cardano [ADA]. Currently, GDLC has $754 million of assets under management (AUM). More altcoin SEC ETF approval on the way? Now, like the S&P 500 Index (SPX), one can get an exposure to multiple top crypto assets via a single ETF wrapper. Grayscale initially filed for this crypto index fund conversion in November 2024. Although the agency delayed its decision on the product in the past, the final deadline was on 2nd July. Hence, the approval wasn’t surprising, noted Bloomberg senior ETF analyst James Seyffart. Seyffart added that Bitwise 10 Crypto Index Fund (BITW) could be next in line for approval ahead of its deadline on the 31st of July. “Approval was our expectation. The fund is over 90% Bitcoin and Ethereum. The next big date is Bitwise’s BITW deadline of July 31. But SEC could obviously go early…” In June, Bloomberg analysts raised their approval odds for altcoins and crypto index ETFs to over 90%. For his part, ETFStore’s Nate Geraci viewed the Grayscale crypto index ETF update as a step towards individual approval for XRP, SOL, and ADA ETFs. “XRP, SOL & ADA will now be available in ‘33 Act ETF wrapper…See where this is all heading? Individual spot XRP, SOL, ADA, etc, ETFs up next.” On the market front, XRP whale wallets with 1 million to 100 million tokens remained flat after massive accumulation in Jun $SOL $XRP $ADA #Write2Earn #REX-OSPREYSolanaETF

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$SOL $GRASS DeFi Development to Buy $100 Million in $SOL, Expected to Boost Solana-Based Alternative Cryptocurrencies DeFi Development, formerly known as Janover, has made a major announcement that it will issue $100 million worth of convertible notes to purchase $SOL on a large scale The move is intended to increase investor interest and act as a catalyst for other Solana-based cryptocurrencies The company’s strategy is similar to that of Bitcoin, but this time the target is Solana, also known as the “Ethereum Color”, instead of Bitcoin A portion of the investment will be earmarked for a stock buyback to mitigate potential dilution caused by the investment Although the market initially reacted negatively to the news and the company’s share price fell by about 9%, experts believe that The announcement is expected to help Solana gain traction with large institutional investments. The announcement is also likely to benefit some of the major crypto tokens based on the Solana network, such as Snorter Token ($SNORT), Grass ($GRASS), and BIO Token ($BIO). Snorter Token provides an innovative trading bot that identifies Solana’s best meme coins with fast speed and low fees. Grass is a decentralized web crawler that collects large datasets from the internet and is powered by user contributions. BIO Token is working to provide transparent and effective funding in the field of science and biotechnology, where token holders can vote to financially support research projects. A $100 million investment from DeFi Development could bring Solana the institutional attention it has not received so far, and this could increase the liquidity, growth, and market popularity of Solana-based cryptocurrencies. However, investors should be cautious and They have been instructed to invest only as much as they can afford to lose.... #REX-OSPREYSolanaETF #Write2Earn #BinanceSquareTalks

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Why is ETH struggling near $2,400 as more companies add ETH to their coffers? The price of ETH fell 3.3% on July 1 to $2,418.39, falling below the key support level of $2,460, and this decline occurred in the context of weakness in the overall crypto market. According to data from CoinGecko, the total market capitalization has decreased by 4.1% in the last 24 hours, largely due to political uncertainty in the United States. This has led to increased concerns among investors about monetary policy, energy markets and regulatory stability, which affect the prices of cryptocurrencies. Meanwhile, some major companies have taken steps to increase their ETH investments. SharpLink Gaming bought an additional 9,468 ETH between June 23 and 27, worth about $22.8 million, and its Total ETH holdings have reached 198,167, The company is viewing Ethereum as a strategic currency for the future digital economy, Similarly, BitMine has also announced that it will make Ethereum the main currency of its treasury through a private placement of $250 million, and it will use it in staking and DeFi protocols, However, according to technical analysis, the bearish trend in the price of Ethereum continues, The failure of the price to regain the $2,430 level and the fall below the $2,460 support level is a sign that selling pressure is ongoing, The decrease in volume and decreasing price levels during the price fluctuations throughout the day also indicate a bearish trend, In such a situation, it is important for investors to adopt a cautious approach, although the increase in institutional investment indicates the long-term prospects of Ethereum, The overall decline in the price of Ethereum The main reasons are political uncertainty, technical pressures, and broad market weakness, while increasing interest from institutional investors is a positive sign regarding its future value.... #CryptoCPIWatch #TrumpVsMusk #writw2earnn $ETH

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