Market narrative
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Morgan Stanley has officially entered the spot crypto ETF market with the launch of the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on NYSE Arca. The two funds stand out not only for their 0.14% annual expense ratio, the lowest among U.S. Ethereum and Solana ETFs.
Crypto
Even though the market is trading below the crucial $2,000 threshold, Ethereum whales are still demonstrating confidence. Recent on-chain data indicates that wallet 0x2d59 took 40,000 ETH, roughly $76.6 million, out of Binance in two different transactions.
ADA rebounded from $0.1535 to $0.1638 as RSI flipped back above its signal line. But $0.1751 has to fall before $0.18 is on the table.
South Korea's Kospi index triggered a market-wide circuit breaker for the second consecutive time today, tumbling to an intraday low of 5,532.33 after opening more than 1% higher. Bitcoin (BTC), by contrast, climbed 1% above $64,000 even as Korea's chip-stock selloff deepened.
Michael Saylor says Bitcoin may rise by 100x any changes in the protocol may lower its value in the future. He pointed out that stable consensus rules are needed because of the incentive structures for miners.
Audiera surged 18% to a local high of $3.65 driven by renewed whale demand.
Bitcoin price is trading at $64,500, down 0.2% over the past 24 hours, with a bad prediction from Peter Schiff.
In July, Ethereum released a new strategic roadmap that outlines a major overhaul of its core blockchain. Wall Street strategist Tom Lee has outlined a new paradigm shift for Ethereum, known as "ETH 2.0.
XRP fell to $1.06 this week after the Senate shelved the Clarity Act and traders await the Fed's July 29 rate decision.
SHIB fell 5.1% to $0.055028 as analysts watch for a breakout toward $0.00000714 following heavy whale activity.
BNB (BNB) rose 1% on July 29, following Bitcoin's (BTC) lead ahead of today's Federal Reserve interest rate decision. However, a machine learning algorithm suggests that's as far as the cryptocurrency is going to go this month.
The decline in Bitcoin spot volume highlights potential short-term price volatility and underscores the impact of seasonal liquidity trends. K33 says july bitcoin spot volume is on track for its weakest month since november 2023.
Dogecoin trades near $0.07 as analysts eye a $2.82 target and whales move 900 million coins worth $63 million.
Bitcoin price prediction examines whether BTC can hold $62,000 support or fall toward $60,000 after a possible FOMC rejection.
Michael Saylor warns Bitcoin's biggest risk is internal rule changes as the BIP-110 fork debate splits the crypto community.
ONDO faces rising exchange-bound supply as over 8 million tokens reach Coinbase.
Solana price prediction examines whether $73.75 support can hold and fuel a rebound toward $150 or expose SOL to $60.
Japan built a functioning banking system based on XRP while the rest of the world spent years debating the legal status of cryptocurrencies. Evernorth analysts published a revealing infographic that clearly breaks down this phenomenon and explains in detail why the country found itself one step ahead of the rest of the world: exactly 10 years ago, Japan launched the processes whose benefits it is reaping today.
Senate confirmation of the CLARITY Act vote boosts hopes for XRP, with regulatory clarity poised to drive institutional adoption and XRPL growth.
