Exploring the Latest Trends in the Crypto World This Week

Unveiling the Highlights of the Crypto World This Week

While the arrival of summer has caused the overall crypto market to be sluggish, there have been some important developments this week. It’s been a very exciting week for Solana in particular.

• VanEck has filed for spot Solana ETFs.
• Rumors about the altcoin season increased.
• Investors like BlackRock are showing interest in tokenizing RWAs.
• Binance faces regulatory challenges.
• Solana may be under criminal investigation.

The Crypto Top 10 for This Week

Solana’s Legal Woes: Separating Fact from Fiction

Unsettling news broke early this week in the cryptocurrency space. Well-known cryptocurrency figure Crypto Bitlord revealed that Solana could be the subject of a criminal probe. The timing of this probe raised concerns among investors when the SEC classified SOL as a security.

We are hearing rumors that SOL is under investigation and a huge case is about to become public. This has been brewing for weeks now and could not come at a worse time. If what we heard is true, start praying for Solana,

Bitlord

When Will Altcoin Season Begin? Insights from Top Analysts

Bitcoin’s dominance in the market has become remarkable, reaching all-time highs. However, many individual investors are curious about when the altcoin season will start.

Altcoins are falling behind Bitcoin, according to analyst Miles Deutscher. He asserts that Bitcoin continues to dominate the market and continues to drive it. On the other hand, Ki Young Ju, the CEO of CryptoQuant, believes Ethereum has the ability to lead the altcoin trend, pointing out that it has a higher market value to realized value (MVRV) ratio than Bitcoin.

Navigating the Changes: Binance’s Copy Trading Disabling in the EU

Because of the impending Markets in Crypto Assets (MiCA) legislation, Binance has discontinued its copy trading services in Europe. Binance instructed customers to close their copy trading positions by the end of June 2024 in response to measures that aim to standardize cryptocurrency laws throughout the European Union.

How are BlackRock and Franklin Templeton Influencing the RWA Surge?

Due to the allure of safe, high-yielding on-chain assets and the current high interest rates, the market for tokenized US Treasury bonds has skyrocketed. Taking the lead in this boom and overseeing the largest tokenized funds are BlackRock and Franklin Templeton. The market capitalization of US Treasury instruments was $1.63 billion as of June 26. This expansion emphasizes the integration of blockchain technology with conventional financial assets, which offers improved transaction efficiency and liquidity.

Exploring the VanEck Solana ETF Files: A New Era for US Investors

VanEck applied to be the first Solana ETF, which was another noteworthy milestone of the week. Institutional investors may be able to experience Solana more directly as a result of this submission. Should the ETF be approved, it would be a major step forward for Solana’s standing in the market and might increase the number and variety of its investors. Even GSR, estimated that the ETFs may increase the price of Solana by up to 9 times.

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