Bits + Bips: Ethereum and Solana ETFs and Why Crypto Is Poised for a Breakout
In this episode of @bitsandbips, hosts @JSeyff, @krugermacro, and @joemccann discuss the impact of political outcomes on Solana ETFs, the SEC’s delay on Ethereum ETFs, Bitcoin’s performance against the NASDAQ, and more.
Timestamps:
🔹 01:47 How political outcomes might influence the approval of spot Solana ETFs
🔹 04:16 Whether futures ETFs are 100% needed for an approval of spot crypto ETFs
🔹 09:26 The high premium on Grayscale's Solana Trust (GSOL)
🔹 13:50 How the outcome of the 2024 U.S. presidential election could impact the crypto industry
🔹 20:55 Why the SEC delayed the launch of the Ethereum ETF
🔹 24:53 How the upcoming nonfarm payroll report and potential rate cuts impact market volatility and the Federal Reserve's decisions
🔹 27:51 How the rise of populist candidates in France and changes in currency markets might affect the US dollar and the broader economic landscape
🔹 31:40 How Bitcoin, Ethereum, and Solana performed in Q2, and the surprising outperformance of BONK
🔹 34:45 Why Bitcoin's performance diverged from the Nasdaq's recent rally
🔹 45:48 How recent movements in long-term bond rates are linked to political changes, such as the rise of right-wing populism and concerns about fiscal responsibility
🔹 52:45 How FTX creditors could potentially influence market dynamics, and the irony in the US government using Coinbase as a custodian
Coinbase to offer pre-launch token options trading
Coinbase is starting to offer options trading on tokens that haven't launched yet. This could add more risk to an already dangerous trading strategy
https://t.co/QyP22txnm0
9 Elon Musk tweets that moved the crypto markets
Elon Musk's short posts about crypto have delivered double-digit gains for Bitcoin, Dogecoin and SHIBA INU on multiple occasions. How many do you remember?
https://t.co/5RINEqy6DM
Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms
Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms despite shorting pressure from Kerrisdale Capital
https://t.co/tp0U4bz9TB
Vitalik Buterin-backed developer of privacy protocol Nocturne shuts down
The company behind the privacy-focused protocol Nocturne has announced its closure just four months after discontinuing the protocol itself
https://t.co/MO8k7Y1SFz
Binance founder Changpeng Zhao begins his prison sentence in California
Crypto influencer and investor EljaBoom poses with 'friend' CZ, the former Binance chief. Zhao started his prison sentence in a low-security federal prison in California
https://t.co/r6qhryTtTy
Turbo price prediction: Will the AI-created token fly into space?
AI-generated coin Turbo is quickly becoming popular, but its price is all over the place. What's next for the token? Find out in our Turbo price forecast.
https://t.co/mkEShKAgwB
🌟 Exciting Update: @solana steals the show at Sofia's Crypto Meetup with @simonmolitor's impactful speech and an insightful presentation on Solana ID.
It was great honour for us! Thank you!
We are proud to be part of @SuperteamBLKN !
https://t.co/ee8OdlK5ei
Polygon (MATIC) on-chain signal on Friday is hinting at a potential buy opportunity as many expect that the Ethereum (ETH) scaling solution may see a rally in the coming weeks following spot ETH ETF
https://t.co/YyaVIRtL0a
Starknet rallies despite millions in STRK exchange deposits, waning social dominance
Starknet (STRK), an Ethereum Layer 2 scaling solution has seen a surge in exchange
https://t.co/5daV6Uvzdt
Polyhedra Network accused zkSync of “bullying” on Friday after the latter announced it would proceed to make use of ZK for its ticker...
https://t.co/AaGFMHGJSf
Polygon (MATIC) on-chain signal on Friday is hinting at a potential buy opportunity as many expect that the Ethereum (ETH) scaling solution may see a rally in the coming weeks following spot ETH ETF
https://t.co/YyaVIRtL0a