Bitcoin Bullish Again? Potential All-Time High in Sight: Analysis – Decrypt
Bitcoin shows bullish signs, nearing all-time highs as it breaks resistance at $110,500. Ethereum and Solana’s Bonk meme coin also gain amid positive U.S. jobs data boosting market sentiment.
BlackRock’s Bitcoin ETF rapidly climbs to third in revenue, nears top spot
BlackRock’s Bitcoin ETF, IBIT, has become its third-highest revenue-generating ETF in just 18 months, nearing the top spot with $76B in assets and $191M annual revenue.
Lummis Goes Solo: Wyoming Senator Unveils Crypto-Tax Overhaul After Budget-Bill Snub – Brave New Coin
Senator Cynthia Lummis introduces a standalone crypto-tax bill addressing issues like small transaction exemptions, staking rewards taxation, and wash-sale rules, aiming for fairer treatment of digital assets.
Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum
Ethereum has surged 23% since June 22, reclaiming $2,600. Analysts predict a potential $10,000 price target as bullish momentum grows. Breaking $2,700 resistance could trigger a broader altcoin rally.
ChatGPT 42-Signal Spots $160 SOL Breakout on $33M ETF Debut
ChatGPT’s AI analyzed 42 indicators showing Solana (SOL) consolidating at $150.84 amid a $33M staking ETF launch. SOL trades between key EMAs with neutral RSI, while institutional demand grows.
21Shares says June payroll surprise sets soft-landing stage that could catalyze Bitcoin beyond $200k
21Shares analyst Matt Mena suggests June’s strong US employment data could lead to Fed rate cuts, boosting Bitcoin past $200k as liquidity increases and altcoins gain traction.
SSK Makes Strong Debut as First US Solana Staking ETF, Logs $33M Volume
The first US Solana staking ETF, SSK, debuted with $33M trading volume and $12M inflows, outperforming Solana and XRP futures ETFs but lagging behind Bitcoin ETF records.
Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP ‘Unexpected’ – Decrypt
Grayscale expressed surprise at the SEC’s pause on trading its Digital Large Cap Fund ETF, which includes Solana, XRP, and Cardano. The SEC is reviewing altcoin ETF applications amid evolving regulations.
Cynthia Lummis submits a draft bill to end double taxation and add clarity to crypto tax
Senator Cynthia Lummis proposes a bill to exempt small crypto transactions from taxes, clarify staking/mining taxation, and prevent double taxation, aiming to foster digital economy growth.
Ethereum Progressing Within Expected Range — Here’s What Lies Ahead | Bitcoinist.com
Ethereum’s price is progressing within a bullish setup, facing resistance at EMAs but showing potential for a breakout. Key targets include $2,600 and $2,900, with a possible surge to $3,200 if support holds.
