The first-ever staking-enabled Solana ETF in the U.S. is set to launch tomorrow, July 2nd, marking a major milestone for institutional adoption of Solana ($SOL). The announcement has already sparked market momentum, with $SOL surging over the past 24 hours to a high of $159.24, signaling growing investor confidence ahead of the ETF debut. The excitement could also spill over into crypto presales like Snorter Token ($SNORT), a native Ethereum token that features a bridge to Solana, potentially gaining traction as interest in Solana-based assets heats up. Rex-Osprey Solana ETF Effectively Approved, More ETFs Coming Soon REX Shares announced on X today that the ‘first-ever staking crypto ETF in the US’ is coming on Wednesday. This will provide investors with direct exposure to $SOL while also offering staking rewards. In May, the company, along with Osprey Funds, sent a proposal to the SEC for a Solana and an Ethereum ETF with staking rewards. Rex-Osprey received a response on Friday with the SEC providing no further comments. This effectively approves the organization’s application. Aside from Rex-Osprey, there are at least nine other similar filings at the SEC. If approved, these should drive up Solana’s value even further. $SOL Goes Up with the Rex-Osprey Solana ETF News Solana’s native token saw a flurry of activity in the past 24 hours, thanks to the news. It’s been up by 0.84% during the period and around 2% in the last seven days. Launched in 2020, Solana has been the unofficial home of the best meme coins with its low transaction fees and high throughput. Get Ready for the New Wave of Meme Coins with Snorter Token ($SNORT) With increased interest in Solana could come an influx of new meme coins. This should make finding legitimate and promising coins even more challenging. Snorter Bot can help you sniff out the top new cryptocurrencies well ahead of other bots and whales. As a Telegram-native trading bot, it lets you do everything within the popular messaging app. You don’t need to juggle wallets or install different browser extensions. With Snorter Bot, you can create or import your wallet with a single tap. Plus, you can perform automated token sniping, set limit orders and dynamic stop-loss, copy trades, and manage your portfolio all within Snorter Bot. Another important feature is the honeypot and scam protection. With the number and speed of token launches on any given day, it’s difficult to check what’s real and what’s a scam. The bot has got your back covered. All these get better when you hold its native Snorter Token ($SNORT) . You’ll unlock 0.85% fees, unlimited snipes, analytics, staking rewards, governance rights, and even community incentives. $SNORT is currently available for $0.0967 each at its official presale page . To buy tokens, connect your crypto wallet like Best Wallet , enter how many tokens you want to purchase, and pay with your debit/credit card, $SOL, $ETH, $USDT, or $USDC. For step-by-step instructions on how to get $SNORT, you can check out our Snorter Token buying guide . The project also offers staking rewards, which are currently at 241% p.a. Alternatively, you can HODL as $SNORT could reach as high as $3.25 according to our Snorter Token price prediction . Solana ETFs Bode Well for the Market and New Cryptocurrencies The SEC’s approval of Rex-Osprey’s Solana ETF application marks a new chapter in the US’s increasing acceptance of cryptocurrencies and related projects. This is a huge plus for new crypto like Snorter Token ($SNORT) , which will make it easier for investors to find the best presales to put their money into. If you’re considering buying $SNORT and other crypto, be sure to do your research first. This is not financial advice.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others. Bitcoin Price Waits for News The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year but it’s also the reason why the crypto market has been largely correlated to traditional ones. A few years ago, literally nobody cared about metrics such as CPI, PMI, and whatnot, but now every crypto trader has them on their watchlist. As such, today is also shaping up to be a volatile experience with a few important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strenght of the local economy. That said, Bitocin’s price is down about 1% on the day and is currently trading at around $106,500 after having tested $109,000 yesterday. It’s interesting to see if the bulls have it in them to push bakc towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingView Altcoins in Red, Some More Than Others As you can clearly see in the heatmap below, the altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto The post Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch) appeared first on CryptoPotato .
Bitcoin Cash (BCH) has surged to an 8-month high, trading at $522.40, driven by rising bullish momentum. The BBTrend and Smart Money Index show increasing buying pressure, signaling potential for
Three victims were violently attacked in a Bangkok mall parking lot while attempting to exchange $100,000 in cash for cryptoassets, highlighting a dangerous new trend in crypto-related crimes. The assailants
Summary BCHG has shifted from a premium to a 13% NAV discount, mainly due to private placement shares exiting lockup. Bitcoin Cash network fundamentals are weak, with daily active addresses and transactions at multi-year lows, undermining a bullish thesis. Despite poor fundamentals, BCH price has surged over 85% since April, driven by speculative demand and rising open interest. I reiterate a 'hold' rating on both BCHG and BCH, as speculative momentum is not supported by network usage or strong fundamentals. A little over three months ago in mid-March, I wrote a piece for Seeking Alpha covering both Bitcoin Cash ( BCH-USD ) and the Grayscale Bitcoin Cash Trust ( OTCQX:BCHG ). At that time, BCHG was trading at a very small premium to net asset value, or NAV, after having opened 2025 at a 43% premium to the value underlying BCHG shares. In this update, we'll look at the current NAV rate trend for BCHG, shareholder insights, as well as network activity data from the Bitcoin Cash blockchain to determine what, if any, BCH positioning broader Digital Asset investors should consider. Grayscale Bitcoin Cash Trust Data by YCharts After fighting between a NAV rate premium and discount earlier this year, the market has taken BCHG decidedly into discount territory over the last two months. At a 12.9% discount to net asset value, BCHG now offers the second largest of Grayscale's top five single-asset CEFs by assets under management: Fund Name AUM Market Price/Share NAV per Share Premium/Discount Grayscale Bitcoin Cash Trust ( OTCQX:BCHG ) $196,854,069.91 $3.64 $4.18 -12.9% Grayscale Ethereum Classic Trust ( OTC:ETCG ) $178,479,191.90 $8.15 $12.75 -36.1% Grayscale Litecoin Trust ( OTCQX:LTCN ) $170,006,609.14 $6.83 $7.01 -2.6% Grayscale Solana Trust ( OTCQX:GSOL ) $75,027,218.70 $11.50 $10.38 10.8% Grayscale Stellar Lumens Trust ( OTCQX:GXLM ) $27,626,799.58 $19.01 $19.95 -4.7% Source: Grayscale, as of 6/27 closing prices For those who have followed my work covering Grayscale's closed-end crypto funds, the shift from premium to discount should not come as a surprise at all. This is from my closing summary from my March piece: I've warned about this NAV premium compression each time I've written about the fund. We're clearly at the point where the premium has all but vanished and the majority of private placement lockups from the last year haven't even really started yet. Given that, I wouldn't rule out the possibility that we see BCHG begin to trade at a discount again. What we have seen twice since BCHG became trade-able through the secondary market has been a surge in private placements during times of high premiums. We can see this through the shares outstanding in the chart below. Private placements happened when the fund initially launched publicly in 2020 and again when the NAV rate flipped back to a large premium in late 2023: BCHG Shares vs NAV Rate (Grayscale, Author's Chart) After having been closed during the discount days of Crypto Winter, BCHG private placements opened again in early-2024 and as newly issued BCHG shares have increasingly been released from lockup, the NAV rate premium for BCHG has gone away entirely. Again, pressure on the NAV rate premium has almost assuredly come from private placements coming out of lockup. Of the 46.7 million BCHG shares outstanding, related parties own a small amount and selling from those entities has been minimal per the fund's May 10-Q: The Trust considered the following entities, their directors, and certain employees to be related parties of the Trust as of March 31, 2025: DCG, GSO, GSIS, and Grayscale Securities. As of March 31, 2025 and June 30, 2024, 585,028 and 589,898 Shares of the Trust were held by related parties of the Trust, respectively. Bold above is my emphasis. Related parties own slightly more than 1% of shares outstanding and have sold less than 1% of their owned-shares over the last 3 quarters. When analyzing funds like BCHG, it's also worth considering the market and pricing dynamics of the blockchain network asset itself to determine if there is a fundamental problem with the asset that could be impacting the NAV rate. Bitcoin Cash Network Activity & Price Signals Looking at standard usage metrics like Daily Active Addresses (DAAs) and Transaction Count (Tx Cnt) in the chart below, it's difficult for me to find a reason to be bullish BCH on any fundamental narrative: 30 Day Average DAAs vs TXs (CoinMetrics) 30 Day Active Addresses hit 26.7k at one point in June. That was a six year low for BCH DAAs and a 45% drop from end of 2024 levels. The transaction count story isn't all that better. At 14.1k on June 25th, 30 Day Average transactions hit a 2 year low and were down 57% since the beginning of 2025. Data by YCharts Despite the apparent lack of a fundamental usage story, it hasn't stopped the market from taking the price of BCH higher this year. Since the beginning of 2025, BCH has appreciated roughly in line with the price of Bitcoin ( BTC-USD ) but it is dramatically outperforming BTC since the tariff-concern lows in broad risk markets in early-April. In a little under three months, BCH has surged by over 85%. Bitcoin Cash OI (CoinGlass) There has been a noticeable spike higher in open interest since the end of May with $309 million in OI on May 31st surging up to $592 million on June 19th. This was the highest level of OI for Bitcoin Cash since April 2024 and one of the highest single day open interest levels for BCH in at least the last 5 years. These moves in OI are often accompanied by correlated moves in price. However, unlike the prior two OI spikes in June 2023 and April 2024, this June 2025 move has been more of a grind higher that has taken several weeks from low to high. Technically, BCH is quickly approaching a level that would appear to be key resistance: BCH Weekly Chart (TrendSpider) The formation above on the weekly chart shows BCH quickly approaching a diagonal resistance trend that dates back the last 15 months. The coin isn't yet overbought on the weekly or daily charts and could conceivably reach the $570 range fairly quickly assuming the trend-line is tested. Perhaps adding fuel to any move is the fact that BCH is above key MAs on both the weekly and daily charts: BCH Daily Chart (TrendSpider) The daily chart shows 50 and 100 day MAs moving higher with the 100 day MA soon to cross above a 200 day MA that hasn't gone much of anywhere since November. Perhaps aided by a 66 'greed' reading in the Crypto Fear and Greed Index, the setup for BCH implies at least a 10% rise from current levels - and potentially considerably higher if the trend resistance is actually broken. Closing Summary From my vantage, BCH is simply moving on an increase in speculation and nothing more. The coin itself is being used by less people if the trend in Daily Active Addresses is any indication. 30 Day Average DAAs hit a six year low just a week ago as of article submission. Transactions are down as well. Long term believers of BCH could certainly entertain buying BCHG at a 13% discount. The fund has a 6 month private placement lockup period and there are only about 900k shares due to come out of lockup between now and the end of the year. For a fund with 47.1 million shares outstanding, that isn't a huge amount of fresh supply for the market to absorb. Essentially, I don't think lockups should depress the discount too much further. But I do suspect the lack of speculative froth in BCHG is also a signal in and of itself. If risk-on sentiment for Digital Assets was widespread and strong, I would expect BCHG to trade closer to a premium than a 13% discount. Perhaps it will flip back to premium should BCH break out of trend and soar to multi-year highs. It's not a bet that I'm personally making based on the lack of network usage, but stranger things have happened. I'm reiterating both BCHG and BCH as 'holds.'
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 3017.9, up 2.5% (+75.0) since 4 p.m. ET on Friday. Eighteen of the 20 assets are trading higher. Leaders: FIL (+7.3%) and SOL (+6.2%). Laggards: BCH (-2.2%) and APT (-1.0%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Bitcoin Cash (BCH) traders chasing yield this summer are turning to a DeFi protocol that delivers more than just market momentum. Mutuum Finance (MUTM) , now selling at $0.03 in its fifth presale phase, is offering exactly what smart capital is after: real yield, lending automation, and instant liquidity. Unlike legacy L1 assets that rely on speculation, this under-$0.05 token will give investors access to a fully-structured borrowing and lending system—engineered to produce returns from actual usage. For many BCH investors, the opportunity lies in re-deploying profits into mechanisms designed to generate interest across both stable and volatile crypto assets. Mutuum’s Peer-to-Contract (P2C) model will allow them to deposit trusted coins like ETH, USDC, or SOL into shared liquidity pools. These funds will be lent to overcollateralized borrowers, with the system dynamically adjusting interest rates to optimize supply and demand. In return, depositors will receive mtTokens, which grow in value as interest accrues and can be withdrawn when liquidity allows. Beyond this stable framework, the protocol also includes Peer-to-Peer (P2P) lending for higher-risk assets like meme coins. In this case, lenders and borrowers will negotiate loan terms directly—choosing custom interest rates and durations, without exposing the broader pool to volatility. It’s a separation of risk and reward that preserves the safety of the system while opening up direct access to high-yield lending strategies, something that traditional platforms often neglect. Designed for speed and passive yield, not congestion One major feature setting Mutuum Finance (MUTM) apart is its technical efficiency. Where BCH and other major chains have faced scaling constraints, Mutuum is being built with Layer-2 integration, enabling lower fees and faster execution. For users managing multiple loans, staking mtTokens, or navigating short-term arbitrage, this infrastructure will deliver the responsiveness needed for real-time DeFi participation—without the bottlenecks that slow down traditional Ethereum-based tools. The Layer-2 foundation directly benefits mtToken users, especially those who stake their assets in designated contracts. By doing so, they will qualify for protocol-distributed passive dividends in MUTM, funded by buybacks from platform revenue. That’s a direct incentive for long-term holders—not based on hype, but on actual ecosystem activity. Unlike idle tokens, staked mtTokens will work continuously, building value without manual compounding or external tools. This passive model becomes even more appealing when paired with the protocol’s roadmap. Mutuum Finance (MUTM) has already passed Phase 1 and is progressing through Phase 2 development, which includes smart contract refinement and audit enhancements. The project’s CertiK audit already returned strong scores—95.00 for Token Scan and 77 on Skynet—and by the time MUTM lists, a public beta version of the lending platform will go live. That means capital will be ready to flow immediately into interest-earning contracts, not wait on delayed rollouts. Smart capital moves before price acceleration Traders shifting out of BCH understand the power of early entry. As Bitcoin Cash (BCH) recovers modestly, high-conviction traders are reallocating toward assets with asymmetric upside—and Mutuum Finance (MUTM) is the one turning heads. Still available at just $0.03 in Phase 5, with over 50% of this phase already sold, MUTM represents one of the few remaining early-stage opportunities where returns can still be multiplied 50–60 times over with real fundamentals behind them. A $2,000 entry at $0.03 could be worth $120,000 if MUTM reaches $1.80, which isn’t wishful thinking—it’s backed by realistic analyst projections from DeFi-native outlets. Several Phase 2 buyers who entered at $0.015 are already sitting on 100%+ gains, and one mid-sized wallet that invested $3,500 back then now holds over $7,200, even before the token lists. With the token’s beta lending platform going live at launch, and real yield mechanisms already coded, this isn’t vaporware—it’s a protocol designed to reward its earliest believers. And with Phase 6 pricing set to rise to $0.035, the current entry won’t last much longer. Each new presale phase squeezes the upside tighter. If you’ve ever said “I wish I bought that earlier,” this is your rewind button—but it’s vanishing by the hour. The broader structure of Mutuum Finance (MUTM) also includes a decentralized stablecoin system, designed to remain at $1 through controlled issuance, governance-managed interest rates, and automated arbitrage. This added layer will create additional liquidity anchors within the platform, supporting loan stability and yield predictability. Issuers will be limited to prevent overexpansion, keeping the system reliable and reducing risk for lenders. Adding to investor momentum is the current $100,000 giveaway , which will reward ten early participants with $10,000 worth of tokens each. It’s a direct acknowledgment of those who join before the platform moves into full operation—aligning incentives around early participation and long-term commitment. With over $11.3 million already raised, 12,600+ holders on record, and protocol tools designed for both retail and institutional lending activity, Mutuum Finance (MUTM) isn’t asking investors to speculate on potential. It’s offering a framework where assets work, earnings scale, and real returns are generated by use—not just price. BCH traders have made their move. Now the opportunity is open to anyone ready to act before the next phase locks in a higher cost. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post Top DeFi gem summer 2025: why BCH traders are flipping to this sub-$0.05 coin appeared first on Invezz
Bitcoin’s recent surge toward the $109,000 resistance level signals renewed bullish momentum, with altcoins like HYPE, BCH, LINK, and SEI poised for potential rallies if BTC sustains gains. Despite weekend
Bitcoin price made a weekend rush on the $109,000 resistance and HYPE, BCH, LINK and SEI could be the first altcoins to rally if BTC bulls secure new highs.