Analysis: "SOL, XRP and Other Spot ETFs Have Over 90% Approval Possibility"
According to CoinDesk, a diagnosis suggests that the U.S. Securities and Exchange Commission (SEC) has a very high likelihood of approving most cryptocurrency spot ETFs. Bloomberg analyst James Seyfarth stated, "I have raised the approval possibility of most cryptocurrency spot ETFs including SOL, XRP, LTC, Doge, ADA to over 90%. The SEC's active engagement is a very positive signal." However, for the SUI spot ETF applied by Canary Capital, he estimated the approval possibility at 60% due to regulatory uncertainties.
U.S. Crypto Czar: "GENIUS Act Passes Senate, A Victory for Cryptocurrency Community"
David Sachs, the White House's Virtual Asset and AI Policy Chief (Crypto Czar), told Fox Business that "the Senate passage of the GENIUS Stablecoin Regulation Act is a major victory for the cryptocurrency community and Trump's policy." The GENIUS Act is a bill that requires stablecoin issuers to obtain licenses, maintain 100% reserves, mandate annual audits for issuers with market caps over $50 billion, and regulate foreign issuers. It currently awaits a House vote and Donald Trump's signature.
BTC Spot ETF Sees 8.7 Billion Won Net Inflow for 9 Consecutive Trading Days
Trader T reported that $6.32 million (8.7 billion won) was net inflows into U.S. Bitcoin spot ETFs on the 20th (local time). BlackRock IBIT saw $46.87 million in net inflows, while Fidelity FBTC experienced $40.55 million in net outflows. Other ETFs had no significant net inflows or outflows.
Sharplink Purchases $16.51 Million in ETH Over 4 Days
Amber CN reported that Sharplink Gaming, a NASDAQ-listed online tech company that announced strategic ETH reserves, purchased 6,744 ETH ($16.51 million) through Galaxy Digital over four days. Currently, Sharplink holds 188,000 ETH ($456.9 million) and has recorded $37.5 million in unrealized losses.
Dinari Discusses "Cryptocurrency Regulation Approach" with U.S. SEC
Blockchain securities investment platform Dinari officially reported discussing the approach to cryptocurrency regulation issues with the SEC's cryptocurrency task force.
Texas Governor Signs Bill to "Protect BTC Reserves"
Crypto Briefing reported that the Texas Governor signed HB4488, which prevents the dissolution of BTC reserves. The bill ensures BTC reserves are protected as a permanent fund, preventing absorption into other general funds or automatic dissolution. Meanwhile, the governor has not yet decided on the Bitcoin Strategic Reserve Act (SB21) that would allow state government BTC investments.
Uniswap Labs Releases DeFi Security and Governance Framework
The Block reported that Uniswap Labs has released Web3SOC, a DeFi security and governance framework. They collaborated with Morpho, Maple Finance, Kiln, Stakehouse Financial, and security firms Cantana and Secureum. Web3SOC is a framework designed to assess decentralized project maturity, including diagnostics on project readiness for institutional partnerships.
Mining Equipment Manufacturer AGM Group Avoids NASDAQ Delisting
Globe Newswire reported that AGM Group, a NASDAQ-listed cryptocurrency mining equipment manufacturer, has met NASDAQ listing maintenance conditions. NASDAQ sent a letter confirming this, allowing AGM Group to avoid delisting. Previously, NASDAQ had issued a preliminary delisting notice due to the stock's closing price being below $0.10 for 10 consecutive trading days.
Animoca Brands Partners with Cross the Ages, Purchases CTA Tokens
Animoca Brands, an NFT and blockchain game development and investment company, announced a strategic partnership with blockchain-based transmedia ecosystem Cross the Ages through their official website. Animoca Brands will support the official launch of multiplayer action RPG Arise and plans to purchase CTA Tokens in the open market. CTA Token is the utility token for Cross the Ages.
Analysis: "BTC Futures Open Interest Increase Signals Strength"
CoinTelegraph analyzed that the increase in BTC futures open interest could provide BTC with bullish momentum. The open interest reached $96.2 billion, potentially playing a positive role in BTC price movement. The increase indicates leveraged trading is driving the market. The realized market cap leverage ratio is currently 10.2%, ranking in the top 10.8% since 2018. This increased speculative activity could enhance BTC liquidity and drive significant price increases, though caution is advised regarding potential cascading liquidations.
24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Scales
Recent 24-hour cryptocurrency perpetual futures forced liquidation scales and ratios are as follows:
ETH Liquidation Amount: $183.82 million, Liquidation Ratio: Long 86.83%
BTC Liquidation Amount: $129.79 million, Liquidation Ratio: Long 81.93%
SOL Liquidation Amount: $34.16 million, Liquidation Ratio: Long 91.06%
HAI Hacking Circumstances... 99% Crash
Blockchain security firm Peckshield reported potential hacking circumstances for HAI Token, causing a price crash. According to CoinMarketCap, HAI is currently trading at $0.0001073, a 99.3% decline.
Daily Fed President: "Fall Rate Cut Appropriate"
The San Francisco Federal Reserve President Mary Daly said, "If there were no tariff measures (by President Donald Trump), we would have considered interest rate normalization (reduction). Concerns about the impact of tariffs on inflation are not as serious as expected. Economic fundamentals are moving in a direction that may require an interest rate cut. Unless weakness appears in the labor market, an interest rate cut in the fall seems appropriate."
Trump Urges Federal Reserve Again to Cut Interest Rates
Donald Trump, the US President, urged the Federal Reserve to cut interest rates again through his Truth Social platform. He emphasized, "Too Late Powell can do the greatest thing for America through an interest rate cut. If rates are lowered to 1% or 2%, the United States could save up to $1 trillion annually."
Altcoin Season Index 19....Down 3 Points from Previous Day
The 'Altcoin Season Index' from the comprehensive virtual asset information platform CoinMarketCap is currently recording 19, down 3 points from the previous day. The Altcoin Season Index is determined by comparing the price fluctuation rates between the top 100 coins (excluding stablecoin and wrapped coins) and BTC. If 75% of the top 100 coins have a higher growth rate than BTC over the past 90 days, it is considered the Altcoin Season; otherwise, it is the BTC Season. The closer to 100, the more it is considered the Altcoin Season.
Crypto 'Fear and Greed Index' 49...Maintaining Neutral
The self-calculated 'Fear and Greed Index' from cryptocurrency data provider Alternative recorded 49, down 5 points from the previous day, maintaining a neutral stage. The lower the index is to 0, the more it indicates extreme market fear, while closer to 100 means extreme optimism. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), BTC market cap proportion (10%), and Google search volume (10%).
'BTC Skeptic' Peter Schiff: "I Don't Understand Dollar-Pegged Stablecoins"
Euro Pacific Capital CEO Peter Schiff expressed that he does not understand the value of dollar-pegged stablecoins. According to CoinDesk, he said, "I understand BTC, but I don't understand dollar-pegged stablecoins. If you're going to use a third-party custodian, why be satisfied with a token pegged to a flawed fiat currency like the dollar? You could have a token backed by gold." He also added that he is willing to launch his own gold-based stablecoin.
BTC Futures Premium at 3-Month Low
CoinTelegraph reported that the BTC futures premium recorded its lowest level in 3 months. The media outlet stated, "The BTC 2-month futures annual premium indicator usually maintains a 5-15% level under neutral conditions. However, on the 19th (local time), the indicator fell below 4%, recording a 3-month low. This is lower than the level seen in early April when BTC dropped 10% in 24 hours to record $74,440." It added, "Meanwhile, the BTC options skew is positioned at the borderline between neutral and bearish at 5%. This contrasts with the bullish sentiment shown on the 9th (-5%) when BTC surged from $105,500 to $110,500. This means traders are showing disappointment with BTC's price movements."
