Bitcoin has surged to an unprecedented high of $111,000, triggering historic profit-taking activities across the cryptocurrency market. Data from Glassnode reveals that realized profits reached a peak of $500 million
Bitcoin ETFs have surged dramatically, signaling renewed institutional confidence and sparking interest in promising altcoins like Qubetics, Cardano, and Litecoin. This influx of capital highlights a broader market shift where
Bitcoin throwing in important signal that could start off potential bullish retrace on market
BitcoinWorld SUI ETF: Crucial Progress as SEC Acknowledges Application Big news is circulating in the crypto world, particularly for holders and enthusiasts of the SUI network. The United States Securities and Exchange Commission (SEC) has officially confirmed a significant development: the formal acknowledgement of an application for a Spot SUI ETF . This move, reported by BWE News via X, marks a crucial procedural step forward for the potential launch of an exchange-traded fund that would directly hold SUI tokens. What Does the SEC Acknowledgment Mean for the SUI ETF? For those unfamiliar with the regulatory process, the SEC’s acknowledgement is not an approval. Think of it as the SEC saying, “Okay, we’ve received your homework.” It signifies that the application has been formally filed and has entered the regulatory review pipeline. The specific application acknowledged comes from 21Shares, a prominent player in the crypto asset management space known for filing various crypto ETF proposals. Here’s a simple breakdown of what this initial SEC step entails: Formal Filing: The application meets the initial requirements for submission. Beginning of Review Period: It triggers official timelines for the SEC to review the proposal. Public Record: The application becomes part of the public record, allowing for transparency and potential public comments. Not Approval: Crucially, this does not indicate anything about the likelihood of the SUI ETF being approved or rejected. This acknowledgement sets the stage for a potentially lengthy and complex review process, similar to those seen with Bitcoin and Ethereum spot ETF applications in the past. The Path to a Spot SUI ETF: What Happens Next? Following the acknowledgement, the application for the Spot SUI ETF enters a defined timeline under SEC rules. The initial period for the SEC to make a decision (approve, disapprove, or delay) is typically 45 days from the date of publication in the Federal Register. However, the SEC has the authority to extend this period multiple times, often leading to review processes that can take several months. Key stages in the SEC review process often include: Initial Review: SEC staff examine the filing for compliance with securities laws. Public Comment Period: The public is invited to submit comments on the proposal. These comments can influence the SEC’s decision-making. Amendments: The applicant (21Shares in this case) may need to file amendments to address SEC questions or concerns. Decision Points: The SEC faces statutory deadlines to either approve, disapprove, or further delay the decision. The outcome is far from guaranteed. The SEC has historically been cautious with crypto products, particularly those directly holding underlying assets, citing concerns around market manipulation, investor protection, and the maturity of the underlying market. However, the recent approvals of Bitcoin spot ETFs have set a precedent that proponents hope will pave the way for other digital assets like SUI . Why a Spot SUI ETF Matters: Potential Benefits and Challenges for SUI The prospect of a Spot SUI ETF is significant because it could bridge the gap between traditional finance and the SUI ecosystem. An ETF structure allows investors to gain exposure to the price movements of SUI without needing to directly buy, store, or manage the private keys of the cryptocurrency itself. This accessibility is a major draw for institutional investors and retail investors who prefer using traditional brokerage accounts. Potential Benefits: Increased Accessibility: Opens the door for a broader range of investors, including those in traditional financial markets. Enhanced Liquidity: Increased investment inflows could boost the liquidity of the SUI market. Potential Price Impact: Higher demand driven by ETF investment could positively influence the price of SUI . Market Legitimacy: An SEC-approved ETF could lend greater credibility and legitimacy to the SUI network in the eyes of mainstream finance. Easier Portfolio Diversification: Provides a straightforward way for investors to add SUI exposure to diversified portfolios. Potential Challenges and Risks: Regulatory Uncertainty: The SEC’s approval is not guaranteed and depends on evolving regulatory perspectives. Market Volatility: SUI’s price, like other cryptocurrencies, is subject to significant volatility, which an ETF would reflect. Competition: The broader Crypto ETF market is becoming more competitive, potentially diluting focus. Underlying Asset Risk: Risks associated with the SUI network itself (e.g., technical issues, adoption challenges) would still impact the ETF’s performance. Understanding these potential upsides and downsides is crucial for anyone following the development of the SUI ETF . Comparing SUI’s Journey to Other Crypto ETF Efforts The filing and acknowledgement of a Spot SUI ETF application is part of a larger trend in the financial industry seeking to package cryptocurrencies into familiar investment vehicles. Bitcoin spot ETFs were approved in early 2024 after years of applications and rejections, marking a watershed moment. Applications for Ethereum spot ETFs are currently under review, with decisions expected in the coming months. SUI’s application follows this pattern, indicating growing interest in bringing a wider array of digital assets into the regulated ETF structure. While Bitcoin and Ethereum have first-mover advantage and larger market caps, the filing for SUI suggests that issuers like 21Shares see potential investor demand and are proactively seeking regulatory pathways for newer, prominent blockchain networks. This broader context of Crypto ETF development highlights a maturing market and increasing institutional comfort levels, albeit under strict regulatory scrutiny. Navigating the Future of SUI Investment: Actionable Insights For investors and market participants, the SEC’s acknowledgement of the SUI ETF application is a development to watch closely. While it doesn’t require immediate action, it’s an opportunity to become informed. Consider these actionable insights: Monitor SEC Updates: Keep an eye on official SEC announcements and filings regarding the 21Shares SUI ETF application. Pay attention to deadlines and requests for comments. Understand the Asset: If you are considering investing in SUI, whether directly or potentially via an ETF, ensure you understand the SUI network, its technology, use cases, and risks. Assess Your Risk Tolerance: Cryptocurrency investments, including through ETFs, carry significant risk. Evaluate if this aligns with your investment goals and risk profile. Diversification: Remember that any single asset, including SUI, should likely be part of a diversified investment strategy. The road to an approved SUI ETF is likely to have twists and turns, but this initial step by the SEC is undeniably noteworthy. Summary: A New Horizon for SUI? The official acknowledgement by the SEC of 21Shares’ application for a Spot SUI ETF is a procedural but symbolically important event. It signals that SUI is now formally on the regulatory radar for a potential ETF product, placing it alongside larger cryptocurrencies like Bitcoin and Ethereum that have gone through or are undergoing similar processes. While approval is far from certain and the review period could be extensive, this development opens the door to increased mainstream accessibility and potential institutional interest in SUI. It’s a positive indicator of the growing maturation of the crypto market and the persistent efforts to integrate digital assets into traditional financial frameworks. The coming months will be critical in determining the fate of this application and its potential impact on the future of SUI investment. To learn more about the latest crypto market trends, explore our article on key developments shaping the future of SUI investment. This post SUI ETF: Crucial Progress as SEC Acknowledges Application first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin continues to trade above the critical $100,000 level, showing resilience despite facing resistance near $110,000. Bulls remain in control of the broader trend, but momentum appears to be slowing as macroeconomic tensions intensify. Ongoing global uncertainties, including tariff disputes and bond market volatility, have introduced a new wave of caution across risk-on assets. While Bitcoin’s price action remains strong on the surface, undercurrents in on-chain activity reveal a more cautious tone. According to CryptoQuant, retail demand—measured by on-chain transactions involving up to $10,000—has declined by approximately 2.45% over the last 30 days. This drop suggests that smaller investors have not yet entered the market with the enthusiasm typically seen during euphoric phases of a bull run. Although many retail participants may now be opting for indirect exposure through ETFs or institutional products, the lack of aggressive retail inflows on-chain is a notable signal. For now, the market structure remains healthy, but a stronger wave of demand from smaller investors may be needed to fuel a sustainable push above all-time highs . Until then, Bitcoin may continue consolidating near current levels while awaiting a decisive breakout catalyst. Bitcoin Faces A Crucial Test As Retail Demand Lags Behind Bitcoin is now trading at a critical juncture. After reaching an all-time high of $112,000, bulls are fighting to reclaim upward momentum, while bears have yet to trigger a meaningful retrace. The price remains above $105,000, a strong sign of resilience amid growing macroeconomic volatility. Global tensions—particularly the ongoing U.S.-China tariff standoff and rising bond yields—continue to shake markets and keep investors cautious. Despite Bitcoin’s strength, sentiment remains divided. Many analysts point to the uncertain bond market and systemic risks as key drivers of both opportunity and concern. While institutional flows and ETF activity offer some support, on-chain data suggests the market is far from euphoric. CryptoQuant data reveals a 2.45% decline in retail demand over the past 30 days, measured by BTC transactions of $10,000 or less. This metric reflects smaller investor behavior, and its downtrend implies that the retail crowd has not yet jumped in with full confidence. While some of this capital may now flow through ETFs and custodial platforms, the lack of strong on-chain signals from retail traders tempers immediate bullish expectations. However, this may not be entirely negative. The absence of retail euphoria could mean the current structure has room to grow, with the potential for another wave of sustainable upside, if demand returns. For now, Bitcoin holds its ground, but the next move will depend heavily on external catalysts and broader market sentiment. BTC Technical Analysis: Price Stays Range-Bound Bitcoin is trading around $105,700, holding above the key support at $103,600 after bouncing off this level multiple times. This area continues to act as a solid demand zone, offering a base for potential upside if momentum builds. On the 4-hour chart, BTC remains range-bound between $103,600 and $109,300, with sideways movement dominating price action since the May rejection at all-time highs. The 34 EMA is providing short-term dynamic support near $105,600, while the 100 and 200 SMAs sit slightly above and below the current price, compressing BTC within a tight structure. This suggests that a decisive move may be nearing. If Bitcoin breaks and closes above $106,900, the next key resistance at $109,300 could be tested again, with potential to extend higher. However, a close below $103,600 would break the bullish structure and open the door for further downside, possibly toward the $100,000 psychological level. Volume has remained low, which highlights market indecision, with participants waiting for a macro or technical catalyst. Featured image from Dall-E, chart from TradingView
Ethereum whale demand surges as a bullish pattern nears breakout above $2,830.
An analyst known for making timely altcoin calls believes that one memecoin running on Solana ( SOL ) is gearing up for a huge upside burst. Pseudonymous analyst Bluntz tells his 319,800 followers on the social media platform X that he sees the memecoin SPX6900 ( SPX ) igniting steep surges based on the principles of the Elliott Wave theory, an advanced technical analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset tends to witness a five-wave rally, with wave three representing the longest and steepest upside move. Says Bluntz, “SPX looks insane in my opinion, it looks like the entire price action from the March lows is all 1-2s and hasn’t even had a wave three yet, setting the stage for a full-blown parabola later.” Source: Bluntz/X Based on the trader’s chart, he seems to predict that SPX will rally to $2.20. At time of writing, SPX is worth $1.10. The analyst is also bullish on dogwifhat ( WIF ), another Solana-based memecoin. The trader predicts that WIF will hit $1.25 in the near term. “What a move on WIF already, well and truly reclaimed the range, and looking impulsive in my opinion, I think this pullback was a wave four low.” Source: Bluntz/X At time of writing, WIF is worth $0.97. Looking at the broader altcoin market, Bluntz believes that one group of coins has the potential to outperform all other tokens. “When the real altcoin bid returns, memes are always the strongest. It really doesn’t matter how badly you want fundamentals to matter, it won’t, because at the end of the day, it’s all vaporware anyway, and we all know it.” But beyond the crypto market, the trader says he has his eye on silver, an asset that he thinks can shatter its all-time high of around $50. “Silver/gold ratio looks like it’s starting to roll over with silver in USD gearing up finally for a major breakout. Relative to gold price action, $75 silver not outside the realm of possibility in my opinion.” Source: Bluntz/X At time of writing, silver is worth $34.50. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Says Solana-Based Memecoin Setting Stage for ‘Full-Blown Parabola,’ Predicts New All-Time High for One Asset appeared first on The Daily Hodl .
The Federal Reserve’s latest Beige Book reveals a subtle cooling in U.S. economic activity, a development that holds significant implications for the crypto market. This comprehensive report highlights regional disparities
BitcoinWorld Bitcoin Investment: Bitwise CEO Hunter Horsley Sees Prime Opportunity as Crypto Risk Falls Are you considering diving deeper into the world of digital assets? The landscape of Bitcoin investment is constantly evolving, and according to a prominent voice in the sector, the timing might be better than ever. Hunter Horsley, the Bitwise CEO , recently shared his perspective, suggesting that conditions are aligning favorably for those looking at Bitcoin. Bitwise CEO Hunter Horsley’s Take on Reduced Crypto Risk Hunter Horsley, the head of Bitwise Asset Management, a leading crypto asset manager, has made a notable statement regarding the current state of the market. Speaking with CNBC, Horsley indicated that he believes now represents an opportune moment for investors interested in Bitcoin. His conviction stems from a perceived “substantial” reduction in the overall crypto risk associated with the asset class. Investing inherently involves taking on some level of risk. However, Horsley’s point, as reported by The Daily Hodl, is that the most significant, foundational risks that once characterized the flagship cryptocurrency have considerably diminished. This shift, in his view, fundamentally alters the risk-reward profile for potential investors. Why is Crypto Risk Perceived as Lower Now? While the original report doesn’t detail every reason behind Horsley’s assessment, market observers point to several factors that contribute to a potential reduction in crypto risk compared to previous cycles: Market Maturity: The infrastructure around Bitcoin, including exchanges, custody solutions, and analytical tools, is far more developed than it was years ago. Institutional Adoption: Increased participation from large financial institutions, corporations, and even governments adds stability and legitimacy to the market. Regulatory Clarity (Emerging): While still evolving globally, there is increasing clarity and frameworks being developed in various jurisdictions, reducing uncertainty. Reduced Existential Threats: Early concerns about the fundamental viability or security of the Bitcoin network have largely subsided. This combination of factors suggests a market that, while still volatile, may present fewer unknown unknowns than in its nascent stages, potentially lowering the barrier for Bitcoin investment . Unlocking the Bitcoin Opportunity: Before Mainstream Recognition? Horsley’s comments highlight a specific window he sees opening. He suggests that the current environment presents a strong Bitcoin opportunity for those who get involved before Bitcoin achieves full mainstream recognition and widespread adoption. This perspective implies that while risk has decreased, significant growth potential remains before the asset becomes a standard component of every investor’s portfolio. This isn’t to say that volatility is gone. Price swings are still a characteristic of the crypto market. However, the argument is that the underlying systemic risks have lessened, making the speculative risk potentially more palatable for certain investors seeking exposure to this asset class. Navigating the Path Ahead: Considerations for Bitcoin Investment For individuals considering Bitcoin investment based on views like those of the Bitwise CEO , it’s crucial to approach it with a clear strategy. While the perceived reduction in crypto risk is a positive signal, it doesn’t eliminate the need for due diligence. Key considerations include: Investment Horizon: Are you investing for the short term or long term? Bitcoin has historically performed well over multi-year periods. Risk Tolerance: Despite reduced foundational risk, market price volatility remains high compared to traditional assets. Portfolio Allocation: How much of your overall investment portfolio are you comfortable allocating to a high-growth, high-volatility asset like Bitcoin? Understanding the Technology: Basic knowledge of how Bitcoin works and its value proposition is essential. Hunter Horsley’s outlook provides a compelling perspective, suggesting that the market dynamics have shifted to favor investors looking for the next major growth opportunity. This potential Bitcoin opportunity , coupled with lower foundational risk, makes the current period particularly interesting. Conclusion: A Prime Moment for Bitcoin? The message from Bitwise CEO Hunter Horsley is clear: the investment landscape for Bitcoin has matured, leading to a substantial reduction in underlying crypto risk . This decrease in risk, combined with the potential for significant growth before complete mainstream saturation, creates what he sees as a prime Bitcoin opportunity . While market volatility remains a factor, the foundational elements supporting Bitcoin investment appear stronger than ever, offering a compelling case for potential investors to consider the asset at this juncture. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Bitcoin Investment: Bitwise CEO Hunter Horsley Sees Prime Opportunity as Crypto Risk Falls first appeared on BitcoinWorld and is written by Editorial Team
Stablecoin firm Circle priced its shares at $31, above the marketed range, ahead of its trading debut on the NYSE under ticker CRCL.