The New York Stock Exchange has submitted a rule change proposal to list a Bitcoin-Ethereum ETF linked to Trump Media & Technology Group, marking a significant development in crypto investment
BitcoinWorld Aptos Labs and Jump Crypto Unleash Revolutionary Shelby Network for Decentralized Cloud Storage In a groundbreaking move set to redefine how we think about digital data, Aptos Labs and Jump Crypto have officially unveiled Shelby, a pioneering cloud-based storage network. This collaboration marks a significant leap forward for the blockchain ecosystem, promising to tackle some of the most pressing challenges in data management and accessibility within the decentralized space. For anyone following the rapid evolution of cryptocurrencies and blockchain technology, Shelby represents a crucial piece of the puzzle in building a more robust and efficient digital future. What is the Shelby Network and Why Does it Matter? At its core, the Shelby network is designed to provide a highly scalable and secure cloud storage solution that operates on decentralized principles. While it is built upon the robust foundation of the Aptos blockchain, its true innovation lies in its remarkable compatibility. Shelby isn’t just for Aptos; it’s engineered to work seamlessly with other major blockchains, including industry giants like Ethereum and Solana. This cross-chain functionality is a game-changer, breaking down traditional silos and fostering a more interconnected decentralized web. Think about the sheer volume of data generated daily – from high-definition video streams to complex AI models. Traditional centralized cloud storage solutions, while powerful, come with inherent risks of single points of failure, censorship, and privacy concerns. Shelby aims to mitigate these issues by distributing data across a decentralized network, enhancing security, resilience, and user control. This commitment to a truly decentralized cloud storage paradigm is what sets Shelby apart. How Will Shelby Power DePIN Applications and Beyond? The potential applications for Shelby are vast and transformative, particularly in emerging and demanding sectors. The official announcement highlights its utility in: Streaming Video: Imagine truly decentralized video platforms where content creators and consumers have more direct control, and data is stored efficiently and securely across a global network. Shelby can provide the backbone for high-bandwidth, low-latency video delivery without relying on centralized servers. Artificial Intelligence (AI): AI models require immense datasets for training and operation. Shelby offers a decentralized, scalable, and secure environment for storing and accessing these critical data assets, potentially democratizing AI development and deployment. Decentralized Physical Infrastructure Network (DePIN) Applications: This is where Shelby truly shines. DePIN projects aim to decentralize real-world infrastructure, from wireless networks and energy grids to sensor arrays and mobility services. These applications generate enormous amounts of data – think millions of IoT devices transmitting information constantly. Shelby provides the essential storage layer for these burgeoning networks, ensuring data integrity, availability, and censorship resistance. Without a robust, decentralized storage solution, the full potential of DePIN would be severely limited. The synergy between Shelby and DePIN applications is particularly exciting. As more real-world assets become tokenized and integrated into blockchain ecosystems, the need for reliable, decentralized data storage will only grow. Shelby positions itself as a foundational layer for this next wave of innovation. The Strategic Vision of Aptos Labs and Jump Crypto The collaboration between Aptos Labs and Jump Crypto is a testament to the shared vision of a more scalable, interoperable, and decentralized future. Aptos Labs, known for its focus on building a secure and performant Layer 1 blockchain, brings its technical prowess and execution capabilities to the table. Their Move language and parallel execution engine are designed for high throughput and low latency, making Aptos an ideal foundation for a demanding application like Shelby. On the other hand, Jump Crypto, a prominent player in the blockchain investment and development space, provides not only strategic backing but also deep technical expertise and a broad understanding of market needs. Their involvement underscores the significance and potential of Shelby, signaling confidence from a major institutional entity. This partnership isn’t just about launching a product; it’s about combining forces to solve fundamental infrastructure challenges that have historically hindered broader blockchain adoption. What Challenges Might Shelby Face and What’s Next? While the launch of Shelby is undoubtedly a major milestone, the path to widespread adoption for any new decentralized technology comes with its own set of challenges. These could include: User Adoption: Educating developers and users about the benefits and technical nuances of decentralized storage will be key. Scalability at Extreme Loads: Ensuring the network can handle petabytes of data and millions of transactions as usage grows. Economic Incentives: Designing sustainable tokenomics (if applicable) to incentivize network participants (storage providers, users). Regulatory Clarity: Navigating the evolving global regulatory landscape for decentralized infrastructure. Despite these potential hurdles, the foundational strength of Aptos and the strategic backing of Jump Crypto position Shelby for success. The focus on real-world applications like streaming, AI, and DePIN provides clear use cases that can drive early adoption and demonstrate the network’s value. A New Era for Decentralized Data Storage The launch of the Shelby network by Aptos Labs and Jump Crypto marks a pivotal moment in the evolution of blockchain infrastructure. By offering a truly decentralized cloud storage solution that is compatible across major chains and designed for high-demand applications like streaming, AI, and especially DePIN applications , Shelby is poised to become a critical component of the decentralized web. This initiative underscores a collective push towards more resilient, secure, and user-centric data solutions, paving the way for a future where digital information is truly in the hands of its owners. Keep an eye on Shelby; it’s set to make waves. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain innovation and decentralized infrastructure. This post Aptos Labs and Jump Crypto Unleash Revolutionary Shelby Network for Decentralized Cloud Storage first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News reports that following a steep decline in May, where Bitcoin’s value fell by nearly 59%, its market dominance has rebounded to 62%. This figure, representing Bitcoin’s market capitalization
ProCap BTC acquired 3,724 Bitcoins, investing approximately $386 million. The company is merging with Columbus Circle Capital Corp. Continue Reading: ProCap BTC Bu Büyük Bitcoin Hamlesiyle Dikkatleri Üzerine Çekiyor The post ProCap BTC Bu Büyük Bitcoin Hamlesiyle Dikkatleri Üzerine Çekiyor appeared first on COINTURK NEWS .
NYSE applied for a rule change enabling the listing of a BTC-ETH ETF proposed by President Donald Trump’s media and tech company.
Green Minerals has adopted the Bitcoin treasury strategy as a step towards broader blockchain implementation.
Potential point of reversal for cryptocurrency market
A trader who continues to build a following with timely calls on Bitcoin ( BTC ) and altcoins is issuing a warning on the broader crypto market. Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he sees Bitcoin breaking support at $100,000. “Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.” Source: Benjamin Cowen/X The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter. “I’ve mentioned for a while on Youtube that Bitcoin would likely start exhibiting some weakness around mid-June as the Q3 weakness starts to present itself. The same thing happened the last couple of years. I think the next low is around August/September.” Source: Benjamin Cowen/X At time of writing, Bitcoin is trading for $105,092. Looking at the altcoin market, Cowen warns that his expected Bitcoin correction will trigger a brutal capitulation event for alts. “It may be finally time to rip the band-aid off for ALT / BTC pairs. To the range lows!” Source: Benjamin Cowen/X A bearish altcoin versus Bitcoin chart indicates that alts are losing value faster than BTC. 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 Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Aid Off for Altcoins appeared first on The Daily Hodl .
The cryptocurrency market’s sharp retracement may be approaching its denouement, according to prominent trader and YouTuber CryptoInsightUK, who told his followers on 23 June that XRP is “really flipping close” to completing the final leg of a corrective structure that began in early April. Final Trap Or Final Chance For XRP? In his latest video analysis, the analyst sketched a scenario in which Bitcoin grinds lower toward the $92,000–$95,000 liquidity pocket “to sweep the last standing bids,” dragging major altcoins with it. “We’ve had the extra bit of flush down that we were talking about and looking for,” he said, noting that Bitcoin already wicked to $98,200 but has yet to produce the higher-low/higher-high sequence or the bullish RSI divergence that stamped the April capitulation bottom. “I think we’re close to a bottom. I don’t quite think we’re there.” Related Reading: XRP To $30 Beyond 2026? Analyst Reveals Key BTC Ratio To Watch XRP, he argues, is tracing the same pattern at a different scale. The 4-hour chart shows a conspicuous liquidity shelf at $1.89 and a deeper block stretching to $1.73. “In a world where Bitcoin does get the flush to ninety,” he observed, “could we come and take that? Yes. … Maybe $1.85, potentially on a wick.” Although he concedes a tail-risk dip toward $1.60–$1.55, that move is “not my base case.” What makes the area compelling, in CryptoInsightUK’s view, is the clustering of spot demand on each successive stab lower. He highlighted the “big red bar” of sell-side volume that marked last week’s sweep and the immediate spike in spot bids, calling it evidence of “real accumulation rather than derivative games.” Funding rates across major venues have turned modestly positive, confirming that “people are going long,” a dynamic that could yet trigger one more liquidity vacuum as over-leveraged latecomers are forced out. Related Reading: XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold Springboard For $11 XRP? Technically, the trader is watching for a textbook bullish divergence: price carves a marginally lower low while the 4-hour RSI prints a higher one, mirroring the set-up that preceded April’s 140% rally. The fixed-range volume profile on Bitcoin—where the point of control sits near $97,000—offers confluence, suggesting the broader market is attempting to base on a major support shelf before rotation into altcoins. If that pattern holds, CryptoInsightUK believes XRP is positioned for a “drastic” expansionary phase that would lift the token first to the oft-cited $8 target and then, in an over-extension, to “realistically $11 to $12.” From an idealised $1.85 entry the projection implies an upside of roughly 475%. “I put my neck on the line,” he said. “Everyone’s thinking eight. I think we over-extend that a little bit.” The analyst’s conviction rests in part on his read of Bitcoin dominance, now hovering in what he calls the “reversal box.” A final push to the upper edge could spark the long-awaited altseason, he argued, with XRP—as a large-cap, high-beta play—capturing disproportionate flows once Bitcoin volatility subsides. At press time, XRP traded at $2.1781. Featured image created with DALL.E, chart from TradingView.com
BitcoinWorld Polkadot ETF Faces Crucial SEC Delay: What This Means for Spot Crypto ETFs The crypto world holds its breath once again as the U.S. Securities and Exchange Commission (SEC) has announced an extension to its review deadline for 21Shares’ proposed spot Polkadot ETF . This move, while not unexpected given the SEC’s cautious stance on novel financial products, casts a shadow of uncertainty over the immediate future of Polkadot (DOT) gaining mainstream investment access through an exchange-traded fund. Understanding the Polkadot ETF: A Gateway to Innovation? For many in the digital asset space, a Polkadot ETF represents a significant step towards broader institutional adoption and easier access for retail investors. Unlike directly buying and holding DOT cryptocurrency, an ETF would allow investors to gain exposure to Polkadot’s price movements through traditional brokerage accounts, sidestepping the complexities of crypto exchanges, wallets, and custody. Polkadot, often hailed as a ‘blockchain of blockchains,’ aims to connect various specialized blockchains (parachains) into a single, scalable, and interoperable network. This unique architecture, along with its robust governance model, makes DOT a compelling asset for diversification within the crypto landscape. A spot ETF would directly hold DOT, providing a regulated investment vehicle that mirrors the asset’s real-time price. Decoding the SEC Delay: Why the Caution? The recent SEC Delay on the 21Shares Polkadot ETF application is a familiar pattern for anyone following the crypto market. The regulatory body has consistently cited concerns regarding investor protection, market manipulation, and the nascent nature of crypto markets as reasons for postponing decisions on spot crypto ETFs. While the SEC has approved Bitcoin and Ethereum futures ETFs, and more recently, spot Bitcoin ETFs, their approach to altcoin spot ETFs remains highly conservative. The SEC’s primary mandate is to protect investors and ensure fair and orderly markets. When reviewing an ETF application, they scrutinize several factors, including: Market Surveillance: Can the underlying market (Polkadot spot market) be adequately monitored to prevent fraud and manipulation? Custody Solutions: Are the proposed custody arrangements for the underlying DOT secure and robust? Valuation Methodologies: How will the ETF accurately price its assets, especially in volatile markets? Liquidity: Is there sufficient liquidity in the Polkadot spot market to support an ETF? The delay provides the SEC with more time to deliberate on these complex issues, especially for an asset like Polkadot which, while prominent, does not have the same market depth or regulatory clarity as Bitcoin or Ethereum. The Broader Picture: Navigating the Spot Crypto ETF Landscape The journey for any Spot Crypto ETF in the U.S. has been arduous. Bitcoin’s path to a spot ETF took over a decade, marked by numerous rejections before finally gaining approval in early 2024. Ethereum’s spot ETF applications are currently under review, facing similar scrutiny. The SEC’s hesitation with altcoins like Polkadot is amplified by concerns about their classification (security vs. commodity), liquidity, and potential for market manipulation compared to the more established Bitcoin and Ethereum markets. The approval of spot Bitcoin ETFs has, however, set a precedent and arguably opened the door for other cryptocurrencies. Yet, each altcoin presents its unique set of challenges. The SEC often looks for a regulated market of significant size for the underlying asset. While Polkadot is a top-tier cryptocurrency by market capitalization, it still lacks the extensive regulatory oversight seen in traditional financial markets. 21Shares: A Pioneer in the Crypto ETF Race The firm behind this application, 21Shares , is no stranger to the crypto ETF arena. As one of the leading global issuers of cryptocurrency exchange-traded products (ETPs), 21Shares has a strong track record of bringing innovative crypto investment vehicles to market, particularly in Europe. They were among the first to launch a Bitcoin ETP in Europe and have since expanded their offerings to include various altcoins. Their partnership with Ark Invest has also been instrumental in their U.S. efforts. Their persistent efforts to bring a Polkadot ETF to the U.S. market underscore the growing institutional demand for diversified crypto exposure beyond just Bitcoin and Ethereum. 21Shares’ expertise in structuring and managing crypto ETPs provides a strong foundation for their application, but ultimately, the decision rests with the SEC’s evolving regulatory framework. What This Means for DOT Cryptocurrency and Its Ecosystem? For holders and enthusiasts of DOT Cryptocurrency , the SEC delay is a moment of pause, not necessarily a halt. While an ETF approval would undoubtedly provide a significant price catalyst due to increased institutional demand and liquidity, the Polkadot ecosystem continues to build and innovate regardless of regulatory timelines. Polkadot’s strength lies in its technical advancements, vibrant developer community, and growing number of parachains and decentralized applications. Challenges and Opportunities Ahead: Challenges: Prolonged regulatory uncertainty can deter some institutional investors. The lack of a clear classification for DOT by the SEC adds complexity. Opportunities: The delay allows the Polkadot ecosystem to mature further, addressing any potential SEC concerns regarding market integrity and liquidity. It also provides time for more education and advocacy regarding Polkadot’s unique value proposition. The market’s reaction to such delays is often muted, as they are largely anticipated. However, the long-term trajectory for Polkadot and other altcoins gaining ETF approval remains positive as the regulatory landscape gradually adapts to the digital asset revolution. Looking Ahead: The Path to Broader Adoption The SEC’s decision on the 21Shares Polkadot ETF is more than just about one asset; it’s a barometer for the broader acceptance of altcoin ETFs in the U.S. While the current delay might test patience, it also highlights the thoroughness of the regulatory process. As the crypto market matures and gains more clarity, the prospect of diverse spot crypto ETFs becoming a reality seems increasingly likely, paving the way for easier, regulated access to assets like Polkadot. The journey towards mainstream adoption is often incremental, marked by regulatory milestones and industry innovation. The Polkadot ETF saga is another chapter in this ongoing narrative, underscoring the dynamic interplay between technological advancement and regulatory oversight in the evolving world of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Polkadot institutional adoption. This post Polkadot ETF Faces Crucial SEC Delay: What This Means for Spot Crypto ETFs first appeared on BitcoinWorld and is written by Editorial Team