Crypto News Today: Ethereum ETF Amendment Sparks Market Buzz

Crypto market cap jumps 4.60%, hitting $2.22 trillion mark

• Grayscale Expands Crypto Investment Options with New Ethereum Mini Trust Shares, Setting July 18, 2024, as Record Date.

• Bloomberg analyst Eric Balchunas predicts spot Solana ETFs by mid-March 2025, influenced by US election outcomes, with SOL eyeing a major bullish breakout.

Major Events To Watch

Crypto Fear and Greed Index:

Crypto Fear and Greed Indicator shows market sentiment at 27, reflecting increasing fear, down from 28 yesterday and 50 last week.

Crypto surge in the past 24 hours, showing significant gains

TOP 5 Gainers Coins

Latest Market Update: 

• On early Tuesday, Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, surged past the $57,000 mark.

• Other notable altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) showed gains.

• Memecoin BONK recorded the highest gain, rising by nearly 26% in 24 hours.

• JasmyCoin (JASMY) experienced the largest decline, dropping nearly 3% in 24 hours.

• Total crypto market volume in the last 24 hours reached $88.51 billion, marking a 35.36% increase.

• DeFi volume stands at $5.67 billion, comprising 6.41% of the total crypto market volume.

• Stablecoins contributed $82.86 billion to the total crypto market volume, making up 93.62%.

• Bitcoin dominance is currently at 53.50%, down by 0.25% from the previous day.

Major Worldwide News Update:

• Solana (SOL) surged 5.75% today on news of Cboe Global Markets filing for spot Solana ETFs with the SEC. Expected by mid-March 2025, these ETFs could reshape the crypto landscape. Despite recent market turbulence, SOL is eyeing $141 with bullish indicators reminiscent of its 2021 rally, suggesting potential for significant price gains ahead.

• Grayscale Investments sets July 18, 2024, as the record date for issuing shares of its new Grayscale Ethereum Mini Trust (ETH Trust). Shareholders of Grayscale Ethereum Trust (ETHE) will receive ETH Trust shares proportionate to their holdings. This move aims to expand crypto investment options, pending regulatory approval for NYSE Arca listing under ticker "ETH."

• 21Shares swiftly amends S-1 for spot Ethereum ETF following SEC feedback, racing VanEck in ETF approval journey. Recent VP appointment enhances U.S. operations for market expansion, leveraging strong ETF industry expertise. Form 8-A filing underscores firm's proactive stance, positioning it among leading contenders in Ethereum ETF race.

• VanEck updates SEC on Ethereum ETF S-1, nearing final approval for summer listing. Market anticipates ETHV ticker with low fees, sparking investor enthusiasm amid institutional interest. Bullish sentiment grows as Ethereum users eye potential price gains, mirroring Bitcoin ETF approval trends.

• Ethereum plans its first Attackathon, a $2 million crowdsourced security audit. Researchers will hunt vulnerabilities in a time-bound challenge, aiming for impactful reports. Immunefi hosts, with $500,000 from Ethereum, seeks $1.5 million more for prizes. Future hackathons planned for every hard fork, enhancing blockchain security and user features.

• DigitalX secures approval for Australia's second Bitcoin ETF, BTXX, listing July 12 on ASX. CEO Lisa Wade hails it as a "watershed moment" for regulated Bitcoin access. Partnership with K2 Asset Management and 3iQ aims for global distribution. VanEck's VBTC started trading recently, marking ASX's entry into Bitcoin ETFs amid growing investor interest.

COIN GABBAR Views: Can Bitcoin Reclaim This Critical Level to Spark Its Next Bull Run? Is Bitcoin's Price Stabilization a Prelude to Overcoming Resistance and Triggering a Recovery? Will Bitcoin Tank After the German Government Shifts 1000 BTC? To get latest news Stay tuned us at coingabbar

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Also Read: Countdown To SEC Decision: Spot Ethereum ETFs Set For Review