Author: Ibrahim Abdulaziz Adan

The SEC is creating a standardized system to approve crypto ETFs faster, cutting approval times from 240 days to 75 days.  Solana ETFs are expected to get approved first under the new rules, but no launches will happen before autumn.  The agency released initial guidance in July; a second document with the actual framework is coming by early autumn. The Securities and Exchange Commission is developing a unified framework to streamline spot cryptocurrency ETF approvals. The new approach would replace the current case-by-case review system that has created significant delays for digital asset investment products. Applications for ETFs tracking Solana,…

LetsBONK surpassed Pump.fun on July 6 with 15,600 token launches and $86 million more daily volume.  The platform burns 50% of fees in BONK tokens and offers simpler onboarding for creators.  Pump.fun plans a $1 billion ICO response while LetsBONK holds 49.8% market share. LetsBONK has claimed the top position among Solana memecoin launchpads, surpassing Pump.fun on July 6 across key metrics, including token launches, graduations, and trading volume. The platform’s rapid ascent marks a significant shift in the competitive landscape of Solana’s memecoin ecosystem. Data from Dune Analytics and Jupiter reveals that LetsBONK launched over 15,600 tokens compared to…

Metaplanet bought 2,204 Bitcoin for $237 million and now holds 15,555 total Bitcoin.  The company became the fifth-largest corporate Bitcoin holder and passed Tesla’s holdings.  Market analysts warn that new companies entering the Bitcoin treasury space may struggle because the best opportunities have already passed. Japan’s leading corporate Bitcoin treasury company, Metaplanet, has completed another significant cryptocurrency acquisition. According to a Monday filing, the company purchased 2,204 Bitcoin for $237 million. The acquisition occurred at an average price of 15,640,253 Japanese yen per Bitcoin, equivalent to approximately $107,700. This purchase increases Metaplanet’s total Bitcoin holdings to 15,555 BTC. The company’s…

The Ethereum Foundation moved another $2.51 million worth of ETH and has sold $52.82 million since April.  ETH faces a critical test at $2,700 resistance with a rising wedge pattern that could lead to a breakout or a drop to $2,200.  Strong trading volume and $15.9 billion in open interest show healthy market activity despite technical risks. The Ethereum Foundation has executed another significant transfer of its cryptocurrency holdings, moving nearly 1,000 ETH worth approximately $2.51 million from its institutional wallets. This latest transaction marks the 21st such outflow recorded since April, according to blockchain analytics firm CryptoQuant. The Foundation’s…

Dogecoin gained 4% to $0.17, and trading volume jumped 300% after Elon Musk’s America Party endorsed Bitcoin.  Technical analysis shows a double-bottom pattern that could push DOGE to $0.519 if it breaks resistance at $0.259.  Musk has not directly mentioned Dogecoin support but retweeted posts from DOGE’s co-founder about his new political party. Dogecoin has recorded a 4% gain in the last 24 hours to trade at $0.17 today, July 7. The meme coin’s trading volume has surged by more than 300% to $1.52 billion, indicating heightened market interest among retail investors and institutional traders. The price rally coincides with…

Zohran Mamdani won NYC’s Democratic mayoral primary and will face Eric Adams in November, but crypto industry leaders are worried about his progressive policies. Mamdani has said very little about cryptocurrency policy, though he supports consumer protection measures and criticized his opponent’s ties to a crypto exchange that broke US laws. NYC mayors have limited power over crypto regulation since state agencies control financial oversight, but the industry may still spend money to oppose Mamdani in the general election. Zohran Mamdani declared victory in New York City’s Democratic mayoral primary after defeating former governor Andrew Cuomo by 12 percentage points…

Bitcoin could reach $230,000 based on a completed cup-and-handle pattern that shows 115% potential gains.  Solana targets $4,390 but is still awaiting its breakout move and facing challenges from Bitcoin’s growing market dominance.  Both cryptocurrencies show bullish technical patterns, yet altcoins must reduce Bitcoin’s dominance for major price rallies. Popular cryptocurrency analyst Trader Alan has identified significant price targets for Bitcoin and Solana based on cup-and-handle chart patterns. Bitcoin could reach $230,000, while Solana targets $4,390 if these technical formations complete successfully. Bitcoin Completes Cup-and-Handle Formation Bitcoin has traded within a narrow range for seven weeks, building anticipation among traders.…

Toncoin dropped 6% after UAE regulators denied claims that staking $100,000 worth of TON could lead to golden visa eligibility.  The Open Network made false promises about residency benefits, but UAE authorities confirmed that digital assets have no connection to their visa program.  Real golden visa requirements include much higher investment thresholds and specific professional qualifications. Toncoin (TON) retreated 6% from its 24-hour peak following an official denial from United Arab Emirates authorities regarding claims that staking the cryptocurrency could lead to UAE residency benefits. The native token of The Open Network trades at $2.84 after reaching $3.03 on Sunday.…

Bitcoin broke $109,000 resistance twice this month and must hold above $106,300 to continue rising.  Market veteran Willy Woo warns this late-stage bull run feels flat because institutional treasury companies drain liquidity through indirect investment loops.  Altcoins will likely rotate upward but more slowly than in previous cycles due to institutional involvement and changing market dynamics. Bitcoin has breached the critical $109,000 resistance level for the second time this month. The cryptocurrency’s price action follows a pattern established on July 2nd, when the initial breakout occurred, followed by a sustained rally and minor correction before the current upward move. Market…

Buterin and Wahrstätter’s EIP-7983 caps individual transactions at 16.77 million gas units to prevent network abuse and improve stability. The proposal enhances zkVM compatibility and encourages developers to split large transactions into smaller pieces. EIP-7983 supports Ethereum’s simplification goals and undergoes community review before potential implementation. Ethereum’s co-founder, Vitalik Buterin, has collaborated with researcher Toni Wahrstätter to unveil EIP-7983, a groundbreaking protocol enhancement that introduces transaction-level gas consumption limits. The proposal establishes a maximum threshold of 16.77 million gas units per individual transaction to strengthen network defenses and optimize performance metrics. Current Ethereum infrastructure permits unlimited gas consumption within individual…