qfx When the law comes into force, the HKMA (Hong Kong Monetary Authority) will begin receiving applications to obtain a license. But here’s the twist: it’s believed that initially, only a handful of licenses will be granted. Some insiders whisper that the number of licenses to be issued could be as few as the spots on a ladybug.
On July 8, straight out of frosty Minneapolis, SharpLink practically shouted from the rooftops: “We are now the proud owners of 205,634 Ethereum tokens!” For added flavor, they went shopping for an extra 7,689 ETH at an average price of $2,501 per piece—because who doesn’t enjoy a little retail therapy?
Lubin believes that the Ethereum story is all about making money and demonstrating the power of decentralization. 💰💰💰 “We believe that we’re going to see Ether and Bitcoin continue to rise over the next years and decades as we paradigm shift to more and more decentralization,” he says. 🚀🚀🚀
U.S. stocks were mixed on Tuesday, July 8, as renewed trade tensions weighed on market sentiment. The Dow Jones Industrial Average fell 108 points, or 0.24%, amid growing investor concerns over potential new tariffs. Meanwhile, both the S&P 500 and the tech-heavy Nasdaq Composite posted marginal gains, rising 0.08% and 0.18%, respectively.
Under this feverish moon, whispers coil about the possibility of a Solana ETF, a financial beast as real as the bureaucrat’s signature on doomed forms. The SEC, that eternal gatekeeper, waves its rubber stamp and shouts from the mountain: “Revise! Resubmit! By July’s end, or face the void!” Analysts croak approval, sipping black coffee in cluttered Bloomberg cubicles. James Seyffart, who knows the taste of hope mixed with regulatory dust, calls this ritual “a positive signal.” Somewhere, the gods of finance chuckle.
Most sages of Wall Street, stoic as stone icons, expect no Fed mercy this month. Yet just as the midwife spies the first sign of birth, inflation appears to have tumbled—nay, plummeted!—from a dignified 2.27% to a rather bashful 1.70% in less than two weeks, all according to Truflation. Conveniently timed before the great CPI revelation of July 15. Should officials bow and confirm these numbers, oh, what a commotion! Market jesters may rip up their old parchments, dust off new predictions, and—why not?—shout for a surprise rate cut.
Ethereum mega whales have increased their holdings by 9.31%, a stronger buildup than before the 2022 rally.
In a shocking twist, Solana News revealed that Pump.fun has hit a new all-time low with just a 36% market share, while LetsBonk.fun’s market share has surged to 54%. Jup data also confirms this development. At press time, LetsBonk boasts a market share of 48.90%, with a 24-hour trading volume of $539 million. On the other hand, Pump boasts a market share of 39.80%, with a 24-hour trading volume of $438 million. 🤯
According to OnchainLens, this whale fellow sold his FARTCOIN stash for 10,509 SOL, which is a cryptocurrency that’s almost as confusing as a plate of spaghetti 🍝. The average selling price was $1.07, which is a bit like the price of a decent cup of coffee – not too shabby, if you ask me.
Analysts say that the steady stream of money into these investment vehicles is helping to drive Bitcoin prices higher, like a mighty river carving its way through the rocky terrain of the crypto market. 🌊
