The SEC is actively reviewing the approval of physical redemption mechanisms for cryptocurrency ETFs, signaling a potential shift in how these investment products operate. This development, highlighted by SEC Commissioner
According to recent on-chain data reported by COINOTAG News on June 26th, a significant market participant executed a 20x leveraged short position on Bitcoin (BTC) via the Hyperliquid platform. The
The Pi Network (PI) has recently witnessed a notable surge in its price, with a jump of over 19% in the last 24 hours, pushing its value to approximately $0.63. This renewed momentum comes just days before the highly anticipated Pi2Day event on June 28, stirring significant excitement among its vast community of “Pioneers” and … Continue reading "Pi Network Price Surges Ahead of Pi2Day, Eyes $1 Mark Amidst Mainnet Buzz" The post Pi Network Price Surges Ahead of Pi2Day, Eyes $1 Mark Amidst Mainnet Buzz appeared first on Cryptoknowmics-Crypto News and Media Platform .
Asia stock markets mixed on Thursday, mirroring global sentiment as investors grew cautious amid ongoing developments surrounding the fragile Israel–Iran ceasefire. Meanwhile, attention is turning back to trade negotiations ahead of Trump’s July 9 deadline. Meanwhile, Fed Chair Jerome Powell, in his second day of testimony, maintained a cautious stance, saying the Fed can manage tariff-related inflation but is not yet ready to cut rates, despite political pressure. On the geopolitical front, US officials expected to meet Iranian counterparts next week and the ceasefire between Iran and Israel appeared to be holding for now. Gold rose toward $3,340 per ounce on Thursday, extending gains from the previous session, supported by a softer US dollar and declining Treasury yields. Japan ( NKY:IND ) rose 1.39% jumped 1% to surpass 39,300 on Thursday, reaching its highest level in four months, following a surge in Nvidia shares, which hit new record highs overnight. The Japanese yen strengthened past 145 per dollar on Thursday, rebounding from the previous session’s losses. China ( SHCOMP ) rose 0.11% held steady on Thursday after rallying for three straight sessions on the back of easing Middle East tensions and fresh policy signals from Beijing, and the offshore yuan strengthened to above 7.15 per dollar on Thursday, hitting its highest level since early November 2024. The People’s Bank of China is establishing a new center in Shanghai to promote the digital yuan and has launched initiatives to encourage its use in global trade and finance. Chinese tech stocks also advanced, tracking gains in global peers after Nvidia surged to new record highs overnight. Traders also looked ahead to next month’s Politburo meeting for clues of further economic stimulus. Hong Kong ( HSI ) fell 0.44% India ( SENSEX ) rose 0.68% Australia ( AS51 ) fell 0.01% down 0.1% to around 8,554 on Thursday, retreating from the previous session’s gains. The Australian dollar strengthened to above $0.652 on Thursday, marking its fourth consecutive session of gains to reach a one-week-high. Job vacancies in Australia rose by 2.9% in the three months to May 2025, recovering from a 4.3% decline in the previous quarter ending in February, according to data from the Australian Bureau of Statistics. In the U.S., on Wednesday, all three major indexes ended mixed as investors weighed steady Middle East ceasefire developments and digested Fed Chair Jerome Powell’s second day of congressional testimony. President Donald Trump said on Wednesday that he has “three or four” candidates in mind to potentially replace Federal Reserve Chair Jerome Powell, whose term ends on May 15, 2026. Market attention is now turning to upcoming data, including Thursday’s final Q1 GDP reading and initial jobless claims, followed by PCE price data on Friday. U.S. stock futures steady on Thursday, with the S&P 500 and Nasdaq Composite hovering near record highs: Dow +0.13% ; S&P 500 +0.17% ; Nasdaq +0.21% . Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: BoJ minutes reveal ongoing caution on economy amid inflation & market risks PBoC injects CNY 300 Billion into banking system via MLF to boost liquidity Australia's monthly CPI dips to 7-month low of 2.1% in May Japan's manufacturing rebounds in June, services maintain growth amid new orders Australia's services sector expands to 3-month high; manufacturing holds steady at 51
Dogecoin started a fresh increase above the $0.1550 zone against the US Dollar. DOGE is now consolidating and might aim for a move above $0.1680. DOGE price started a fresh increase above the $0.150 and $0.1550 levels. The price is trading above the $0.160 level and the 100-hourly simple moving average. There is a key rising channel forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh decline if it stays below the $0.180 zone. Dogecoin Price Faces Resistance Dogecoin price started a fresh increase above the $0.1420 zone, like Bitcoin and Ethereum . DOGE was able to climb above the $0.150 and $0.1550 resistance levels. The bulls even pushed the price above the $0.1620 resistance. A high was formed at $0.1677 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.1427 swing low to the $0.1677 high. Dogecoin price is now trading above the $0.160 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1680 level. There is also a key rising channel forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.1720 level. The next major resistance is near the $0.1750 level. A close above the $0.1750 resistance might send the price toward the $0.180 resistance. Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1680 level, it could start another decline. Initial support on the downside is near the $0.1620 level. The next major support is near the $0.1550 level and the 50% Fib retracement level of the upward move from the $0.1427 swing low to the $0.1677 high. The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1420 level or even $0.1350 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1620 and $0.1550. Major Resistance Levels – $0.1680 and $0.1800.
Invesco US has become the ninth issuer to file for a Solana exchange-traded fund (ETF) with the US SEC. Dubbed ‘ Invesco Galaxy Solana ETF ,’ the asset manager noted that Galaxy Digital will be responsible for purchasing and selling SOL on behalf of the fund. Further, Coinbase will serve as the fund’s custodian, and Bank of New York Mellon as the administrator. The ETF, if approved, is expected to list on the Cboe BZX Exchange, tracking the spot price performance of Solana . NEW: @InvescoUS (and @galaxyhq ) just filed for a Solana ETF. That makes Nine issuers that have filed for a Solana ETF now. pic.twitter.com/iu3OZVO9Pg — James Seyffart (@JSeyff) June 25, 2025 Invesco has become the ninth issuer to file for a Solana-tracking ETF, after several asset managers, including VanEck, Bitwise and Grayscale. Early this month, the regulator requested spot SOL ETF issuers to update their S-1 filings by June and clarify procedures for in-kind redemptions. Invesco ETF Filing – A Clear Tailwind for Solana Per the S-1 registration statement, Invesco has proposed the planned ETF to directly hold Solana, similar to Bitcoin and Ethereum spot ETFs. The fund will be traded under the ticker symbol QSOL. The recent flurry of filings to track the price of Solana, the sixth-largest crypto by market cap, sets off a wave of optimism across the sector that saw Bitcoin and Ethereum ETF approvals and BTC’s new highs in the recent past. Additionally, Bloomberg senior ETF analyst James Seyffart predicted that there is a 95% odds of Solana and other altcoin ETF approvals this year. “Delays on spot crypto ETFs are expected,” he said in May , adding that the approvals are “more likely” to be in early Q4, 2025. Growing Solana Activity on CME Signals Imminent ETF Launch Per a recent report, Solana activity on CME had hit record highs, signalling strong institutional positioning. Last week, open interest peaked at 2,849 contracts, representing $146 million in notional value. Three months in and Solana futures are gaining traction: 106K contracts traded $3B+ notional volume Growing institutional use: 10% of May volume in blocks (avg size: $5M) Record open interest: 2,849 contracts on June 17 ($146M notional) See what’s fueling interest … pic.twitter.com/lAOVBw4YLf — CME Group (@CMEGroup) June 20, 2025 Further, top firms have advanced SOL ETF filings amid ongoing SEC review. Franklin Templeton’s application is currently under review by the SEC. The commission has opened a public comment period, as part of the review, to allow people to submit feedback. Analysts, on the other hand, have grown bullish on SOL, as its price action reflects ETF optimism. According to a trader Cipher X, “Solana ETFs approval chances are 80% by July.” The pseudonymous trader expects a repricing to follow and projects that SOL could deliver a monthly move of 40% to 50% following the ETF catalyst. $SOL is at a very crucial support level right now. If the $138-$140 level holds, SOL could rally towards $190-$200 by July. In case the support level didn't hold, I'm placing some bids at $130. Solana ETFs approval chances are 80% by July, and there'll definitely be repricing.… pic.twitter.com/6xM88v1DKT — Cipher X (@Cipher2X) June 20, 2025 Besides, market analyst Cas Abbe wrote on X that Solana has rebounded from its support level, signalling a bullish sign. “The reason I’m paying much attention to Solana is because of ETFs approval,” he wrote. “I still think that approval hasn’t been priced in yet, and there’ll be a rally next month.” The post Asset Manager Invesco Becomes Latest to File for Solana ETF – Is SEC’s Approval Imminent? appeared first on Cryptonews .
GameStop’s recent $450 million convertible note raise signals potential Bitcoin investment but fails to ignite its stock price, highlighting the complexity of crypto adoption in corporate finance. Despite growing its
According to LookIntoChain data reported by COINOTAG News on June 26th, two wallets executed a significant transaction involving Ethereum (ETH). Initially, these wallets liquidated 4,598 ETH for approximately 10.95 million
ProCap Financial’s $1 billion merger marks a pivotal moment in Bitcoin financial services, signaling growing institutional adoption and market integration. Backed by major institutions, the merger enhances Bitcoin ETF inflows,
Analysts are closely watching MAGACOIN FINANCE as a potential breakout candidate, with many drawing parallels between its current trajectory and the historic rallies of Solana and Litecoin. This article explores why experts believe MAGACOIN FINANCE could mirror the explosive growth of these established cryptocurrencies, and what each project brings to the evolving crypto landscape. The Rise of Solana and Litecoin Solana has become a standout performer in the crypto market, recently surging more than 40% toward the $200 milestone. Its rally is driven by strong technical indicators—such as bullish EMA crossovers and clearing of key resistance levels—alongside robust on-chain activity and rising institutional interest. Solana’s ecosystem continues to expand, with increasing use in payments and stablecoin settlement, solidifying its position as a top-tier Layer 1 blockchain. However, as Solana’s market cap grows, analysts note that the potential for massive early-stage returns diminishes, prompting investors to seek new, high-upside opportunities. Litecoin, often dubbed “digital silver,” is experiencing a resurgence in 2025. With reduced transaction fees, a strong history of reliability, and renewed interest from ETF-related speculation, Litecoin is attracting both long-term holders and traders looking for stability with upside potential. Its price hovers around $85, supported by healthy trading volumes and a loyal user base. Like Solana, Litecoin is considered a blue-chip asset, but its growth prospects are now seen as more incremental compared to early-stage projects. Why MAGACOIN FINANCE Stands Out Amid this backdrop, MAGACOIN FINANCE is emerging as a focal point for investors seeking the next big asymmetric return. Analysts highlight several reasons for its bullish outlook: Scarcity-Driven Model: MAGACOIN FINANCE features a capped supply (ranging from 100 billion to 170 billion tokens, depending on the source), with a significant portion reserved for presale. This scarcity is designed to drive demand as the project matures. Transparency and Security: The project’s smart contracts have been audited by HashEx, providing confidence to investors wary of the risks common in meme and presale tokens. Community and Narrative: MAGACOIN FINANCE has cultivated a hyper-engaged community and leverages a politically charged narrative, which resonates with investors seeking alternatives to traditional crypto assets. Its rapid presale sellouts and growing holder base signal strong grassroots momentum. Early-Stage Upside: With the token still priced under $0.01 and not yet listed on major exchanges, MAGACOIN FINANCE offers the kind of early entry point that historically precedes massive rallies. Analysts project potential returns of 25x to 50x or more, with some models even suggesting the possibility of a $1 valuation if momentum continues. Strategic Capital Rotation As Bitcoin and Ethereum stabilize at higher price levels, investors are rotating capital into established altcoins like Litecoin and high-upside presale projects such as MAGACOIN FINANCE. This trend reflects a broader market strategy: balancing reliable blue-chip exposure with the asymmetric return potential of early-stage tokens. Analysts see MAGACOIN FINANCE as uniquely positioned to benefit from this rotation. Its combination of scarcity, transparency, and community-driven growth mirrors the early days of Solana and Litecoin, but with the added advantage of being in its infancy. As the crypto market matures, the window for transformative gains narrows—making MAGACOIN FINANCE one of the few remaining opportunities for investors seeking to replicate the massive rallies of previous cycles. In summary MAGACOIN FINANCE is capturing attention not just for its novelty, but for its structural strengths and strategic timing. With Solana and Litecoin serving as both inspiration and cautionary benchmarks, MAGACOIN FINANCE stands at the intersection of community enthusiasm , scarcity, and early-stage potential—making it a compelling candidate for the next big crypto rally. To learn more about MAGACOIN FINANCE, visit : Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Why MAGACOIN FINANCE Is Attracting Bitcoin and Ethereum Investors Away From Solana and Litecoin