๐จ Why Is Crypto Sliding Today? SEC Reverses Course on XRP, SOL & ADA ETFs!
๐The U.S. SEC has unexpectedly withdrawn its approval for a proposed multi-crypto spot ETF that included $XRP , $SOL , and $ADA, citing โadministrative errorsโ in its prior decision.
This ETF was a big dealโpoised to be the first spot fund featuring major altcoins alongside Bitcoin. But now, the process has been halted indefinitely.
๐ฅ Market Impact: โข XRP plunged ~10%, SOL dropped 6.5%, and ADA fell 8%. โข Over $800 million in long positions were liquidated, with altcoins taking the biggest hit. โข Hopes for an altcoin rally driven by ETF inflows have been dashedโfor now.
๐ง Bottom Line: The SECโs sudden reversal has shaken market confidence, delaying what many saw as the start of a true โaltseason.โ
๐จ Breaking Crypto News! ๐จ Bitcoin Standard is set to hit Nasdaq under the ticker $BSTR after a mega merger with Cantor Fitzgeraldโs SPAC ๐ผ๐ฐ
๐ฆ Holding: 30,021 BTC (~$3.6B) ๐ต PIPE Deal: $1.5B โ mix of Bitcoin + fiat! ๐ฅ 4th largest public Bitcoin treasury ๐ฏ Goal: Maximize BTC/share value ๐จโ๐ฌ Led by OGs: Dr. Adam Back & Sean Bill
Wall Street is officially going FULL BITCOIN ๐ ๐
๐ ๐ ๐ XRP To The MOON 4$! ๐ ๐ ๐ ๐
#xrp just smashed its 2018 record, soaring over 18% in the last 24 hours! ๐ This rally follows the U.S. House passing two major crypto-friendly bills โ a huge win for the industry.
The momentum signals growing institutional confidence and regulatory clarity for digital assets. As XRP rides this bullish wave, investors are eyeing new highs, and the market is buzzing with optimism. ๐ฅ If youโve been sleeping on XRP, this might be your wake-up call. The crypto space is evolving โ fast. Stay sharp, stay informed. ๐ฅ
Nvidiaโs astonishing ascent to a $4โฏtrillion market cap may have ignited Bitcoinโs surge above $111,000, but the once-tight correlation between the two is fadingโdropping from ~0.80 in early 2024 to just ~0.36 now.
Bitcoinโs current rally is driven less by Nvidiaโs AI-fueled momentum and more by institutional strength: large on-chain transfers, ETF inflows, and longโterm holder accumulation are propelling the market. Glassnode notes that quieter transactions reflect maturityโnot weakness. With their correlation waning, Bitcoinโs resilience increasingly hinges on crypto-specific fundamentals rather than Big Tech trends.
#CryptoMeteorShower Catch the crypto meteor shower from the #BinanceTurns8 celebration! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_6WYVE
๐ Will Bitcoin Blast Past $110K Again??๐ฐ๐
Bitcoin just smashed the $110,000 mark, fueled by massive ETF inflows! ๐ค In just one week, spot Bitcoin ETFs pulled in a jaw-dropping $2.75B, up from $608M the week before. ๐ #BlackRockโs IBIT alone saw $431M in a day, marking an 8-day inflow streak. ๐ฆ๐ฅ Total 2024 ETF inflows now top $40B, with June adding over $4.6B! ๐ฅ
But wait โ despite the surge, $BTC is facing some resistance as short-term and long-term holders take profits. โ๏ธ
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D2f4ult
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BREAKING:
๐บ๐ธ PRESIDENT TRUMP ANNOUNCES ๐ฎ๐ณ INDIA AND ๐ต๐ฐ PAKISTAN HAVE AGREED TO A FULL & IMMEDIATE CEASEFIRE.
And when it does apply and get a banking license, everything changes.
This isnโt just a tech company anymore. This is the future Fed wrapped in blockchain.
๐งต) Most people think Ripple is just a cross-border payments company.
Wrong.
Ripple is building the infrastructure layer for the next financial system and acquiring a banking license is the final piece.
With one license, they can unlock unfiltered access to global money.
๐งต) What happens when a tech company becomes a bank? โขDirect access to central bank systems โขAbility to issue loans, credit, and even custody assets โขLegal power to handle both fiat and crypto โขSeamless integration with CBDCs and stablecoins โขElimination of intermediaries
Ripple isnโt trying to partner with banks. Itโs trying to replace the need for them.
๐งต) Theyโre already preparing.
Ripple has: โข U.S. regulatory clarity post-SEC case โข $25B+ in assets โข Global payment corridors across 70+ countries โข CBDC pilots in Bhutan, Palau, Montenegro, and more โข Deep ties with BIS, IMF, and central banks
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Ripple just dropped $1.25 BILLION to buy Hidden Road, a prime brokerage that moves $3 trillion annually. But why should XRP holders care? Because it's about to change everything for #xrp and #RLUSD . $XRP $ETH $BTC
#Write2Earn Iโve been regularly creating content posts for Write to Earn on Binance, where we get rewarded for quality content. And I canโt tell guys the process works, its hard work but it slowly pays offโthis is my second earning of 0.10 USDC! My consistency has started paying off. Thanks! Once again #binance $USDC $BNB $XRP
CTF TOKEN, THE LEADING DEFY ASSET ON XRPL, HAS STRUCK DEALS WITH AMAZON AND WALMART!! Imagine the massive demand this will create!! With a market cap of $20 billion, #CTF token could surge from $1.07 to an astounding $748.50 per token!!
Dips are buying opportunities. XRP briefly dipped below $2.1 today.
๐ XRPโs Breakthrough: A New Era for Ripple? ๐ฅ
Rippleโs #xrp is experiencing a transformative phase in the U.S. cryptocurrency landscape. CEO Brad Garlinghouse announced that the U.S. is โfinally unlocked,โ ๐ following the SECโs decision to drop its appeal against Ripple ๐. This regulatory clarity has sparked renewed interest from banks ๐ฆ that were once hesitant about engaging with crypto.