The European Central Bank just dropped a bombshell on the financial world. They announced a plan to use central bank money for distributed ledger technology transactions. What a time to be alive!
SEC gives green light to Grayscale’s new crypto ETF
Grayscale just scored a major victory. The U.S. Securities and Exchange Commission finally gave the thumbs-up for Grayscale to turn its Digital Large-Cap Fund into a full-fledged crypto ETF.
Solana’s wallet activity is on fire, something big is coming?
Solana’s been doing a little dance lately. On July 1st, SOL took a modest 2.61% dip, trimming some of its weekly gains.
DOJ Seizes $40K in USDT from Trump-Vance Scam With Help from Tether
The U.S. Department of Justice (DOJ) has recovered $40,300 in Tether (USDT) after scammers posed as officials from the Trump-Vance Inaugural Committee.
Ethereum Surges on ETF Inflows and Altcoin Rotation, Eyes $2,800 Resistance
Ethereum has climbed between 6.5% and 7.3% over the past 24 hours, trading near $2,560–$2,575 and peaking at $2,619, outperforming Bitcoin and lifting the ETH/BTC ratio by 30%.
Despite this rebound, the pair remains near a five-year low, underscoring the uphill climb in regaining relative dominance.
Momentum is being driven by nearly $2 billion in net inflows to U.S. spot Ethereum ETFs over the past month—including $1.3 billion in December 2024—alongside strong DeFi and NFT activity and optimism around the upcoming Pectra upgrade.
Meanwhile, explosive rallies in Ethereum-based memecoins like Moodeng and Solana’s POPCAT point to a rotation into high-beta altcoins, with retail speculation surging amid declining Bitcoin dominance.
Solana’s high-speed, low-cost infrastructure and Ethereum’s DeFi maturity are accelerating this shift.
However, volatility in memecoins and any sharp Bitcoin reversal could disrupt this momentum.
Traders should closely monitor ETH’s $2,800 resistance, Bitcoin dominance slipping below 50%, and on-chain signals like active address growth and ETF flows to gauge whether this altcoin season has staying power.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Ripple Applies for US Bank License and Fed Master Account as Stablecoin Rules Tighten
Ripple Labs has applied for a national bank charter with the US Office of the Comptroller of the Currency (OCC).
“You gotta own 40% crypto?” This finance veteran says yes
This ain’t your usual Wall Street mumbo jumbo. Ric Edelman, the big boss behind a $300 billion investment advisory empire, just dropped a bombshell that’s shaking up the whole portfolio game.