#SECETFApproval š¢ SEC Eyes Faster Crypto ETF Approvals ā A New Era Ahead?
The SEC is reportedly working on a new framework to streamline the approval process for crypto ETFs. Currently, exchanges are required to submit a 19b-4 filing, triggering a lengthy review period of up to 240 days. Under the proposed system, qualifying crypto products could be listed more efficientlyābringing them closer to how traditional ETFs are approved.
š With Bitcoin holding above $73K and Ethereum above $4K, and altcoins gaining strength, this move could accelerate institutional adoption and bring deeper liquidity to the market. But it also raises important questions: š¬ Will faster approvals unlock massive growthāor increase exposure to market volatility and risk?
As per TechFlow, blockchain analytics firm Lookonchain reported on July 10 that Abraxas Capital has withdrawn 29,741 ETHāworth roughly $81 millionāfrom a centralized exchange (CEX) in the last 12 hours. $ETH
Aave Sets New Record with $45 Billion in Net Deposits
Foresight News reports that official figures show Aave has reached an all-time high in net deposits, totaling $45 billion. This major milestone underscores the platformās increasing impact and widespread adoption within the decentralized finance (DeFi) space.
Sharplink Gaming Boosts Ethereum Holdings with 5,072 ETH Purchase
As reported by Odaily, data from OnchainLens indicates that Sharplink Gaming has recently added 5,072 ETH to its crypto portfolio, an acquisition worth around $13.51 million based on current market rates. With this latest addition, the company's total Ethereum holdings have surpassed 210,700 ETH, bringing the overall value to more than $585 million.
The crypto market continues to display resilience and cautious optimism as we wrap up June 2025. Binanceās native token, BNB, is trading around $653.97, showing modest gains following the much-anticipated āMaxwellā Hard Fork, which officially launched today. This major upgrade has effectively halved the BNB Chainās block time, aiming to boost transaction throughput and scalability for DeFi and GameFi applications.
Meanwhile, Bitcoin (BTC) remains stable around the $107,600 mark, consolidating within a tight range of $107,250 to $108,790. Despite limited price movement today, institutional interest remains strong. Metaplanet recently added another 1,005 BTC to its reserves, while Cel AI secured £10 million to invest in Bitcoin, with a shareholder vote due in mid-July.
The broader crypto market cap has climbed to $3.31 trillion, reflecting a 0.68% daily increase. Among todayās standout performers are LEVER/USDT (+35%), HFT/USDT (+24%), and ARB/USDT (+16%), signaling rising investor appetite in select altcoins.
Additionally, Chainlink (LINK) has seen substantial exchange withdrawalsāover 3.86 million tokens (~$51 million)āindicating possible accumulation by long-term holders. On the technical side, analysts are watching Bitcoin's next breakout level near $109.5k, while BNB faces resistance just above $651.
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The upcoming Polygon network fork scheduled for July 1st is another key event to monitor, as network operations will temporarily pause.
In summary, todayās market sentiment is marked by cautious accumulation, innovation-driven upgrades, and a steady influx of institutional capitalāpositioning the market for potential upward momentum as July begins.