ETF issuers say abandoning the long-held first-to-file method stifles innovation and rewards lazy behavior on the part of filers.

ETF issuers pen letter urging SEC return to ‘first-to-file’ approvals

Bitcoin made a new all-time high on May 22 when it crossed $112K. Although it 
dipped below $100K soon after, it&#8217;s now showing signs of recovery and a 
potential run upwards. Carlo Pruscino from CMC Markets believes that a Fed 
rate cut might drive $BTC back to $112K and potentially even beyond. Keep 
reading to find out Trump&#8217;s stance on a potential Fed rate cut, when we can 
expect one, and what the best altcoins to buy are to make the most of this 
pro-crypto situation. Trump Wants a Rate Cut Now Trump took to Truth Social to 
criticize the Fed on delayed rate cuts. He said that Europe has already had 10 
rate cuts while the US is lagging behind. He also pointed out there’s no 
inflation anymore – in case that’s what is holding back the Fed. He said that 
if inflation were to come back, the Fed could simply raise the interest rate 
again. As of now, though, Trump believes that the US is paying a lot more in 
borrowing costs than it should. It&#8217;s worth noting that the Federal Reserve has 
been mulling over rate cuts for quite some time. However, Trump’s ongoing 
trade tariff war and uncertain trade policies have held it from making a 
decisive move. The current borrowing rate is 4.25%–4.50%. As per CME Group&#8217;s 
data, 97.5% of market participants believe that this will remain unchanged in 
the upcoming Fed meeting on June 18. More than 51% of people believe that a 
rate cut might come around mid-September, where rates may be slashed by 25 
basis points. If we see a rate cut earlier than expected, $BTC may be the 
first major asset to react. When…further rate cuts come, if they’re coming a 
lot sooner than expected, that will then impact heavily on the future price 
moves or crypto on Bitcoin and some other cryptos as well. – Carlo Pruscino, a 
CMC Markets analyst To help you make the most out of upcoming policy changes, 
we&#8217;ve handpicked the best cryptos to invest in. 1. BTC Bull Token ($BTCBULL) – 
Best Altcoin to Buy Right Now, Free $BTC Airdrops Bitcoin will almost 
certainly be one of the biggest beneficiaries of a rising crypto market. In 
fact, the &#8216;digital gold&#8217; is what will pull the crypto market to new highs in 
the first place. As such, BTC Bull Token ($BTCBULL), a Bitcoin-inspired meme 
coin, is the best crypto to buy if you&#8217;re bullish on $BTC and want to maximize 
your returns. Unlike other altcoins, $BTCBULL token holders will be rewarded 
with free $BTC. This will happen on two occasions: once when Bitcoin reaches 
$150K and another when it reaches $200K for the first time. Just make sure to 
store your $BTCBULL tokens in Best Wallet and participate in the airdrop 
events, which will take place on social media. In addition to having a genuine 
shot at grabbing real $BTC, you&#8217;ll also benefit from a monstrous rise in 
$BTCBULL&#8217;s price. According to our BTC Bull Token price prediction, the token 
can reach $0.0096 by 2026 – a 276% rise from current prices. Buy $BTCBULL now 
for just $0.00255 each. The project is in presale, where it has amassed nearly 
$7M. 2. Solaxy ($SOLX) – First-Ever Solana Layer-2, Insane $45M Presale Raise 
A rise in Bitcoin will likely lead to joyous times in the meme coin market as 
well, which is why we believe that Solaxy ($SOLX) could be one of the next 
cryptos to explode. Designed to strengthen the best blockchain for meme coins, 
$SOLX is being hyped as Solana&#8217;s prodigal son, and for good reason. After all, 
Solaxy will finally cure Solana of its congestion and scalability issues, 
which it has been facing ever since the success of $TRUMP and other viral meme 
coins overloaded it. Solaxy will build the first-ever Layer 2 scaling solution 
on Solana, which will offload transactions from the mainnet onto a sidechain. 
This will reduce the workload on Solana, thereby restoring its lightning-fast 
executions. Furthermore, this brand-new L2 will also process transactions in 
bulk, which will decrease the overall cost requirements on Solana. To 
participate in Solaxy&#8217;s one-of-a-kind mission and token growth – it&#8217;s 
predicted to rise by over 11,300% by 2030 – become an early investor in the 
project. It&#8217;s currently in presale, with over $45M raised, and you can get 
each token for just $0.001748. Here&#8217;s how to buy it. 3. PepeCoin ($PEP) – 
Pepe-Inspired Meme Coin Currently Among the Top Gainers Although you wouldn&#8217;t 
be wrong to think that PepeCoin ($PEP) borrows its popularity from the 
legendary $PEPE meme coin, it&#8217;s got a handful of unique features that have had 
a fair bit of say in it being one of the top trending cryptos. For instance, 
PepeCoin runs on its own blockchain, which is how it offers astonishingly low 
transaction fees and zero $ETH gas fees. Coming to its performance, $PEP is up 
over 3,000% since its inception in June 2024. More recently, the token has 
recorded 28% gains over the past thirty days. According to price action 
analysis, $PEP is closing in on a major resistance level ($0.00024), a break 
of which could see the token soar to $0.00027 and beyond. The Best Altcoins to 
Benefit from a Rate Cut, but They’re Not Completely Dependent on It With a 
rate cut on the horizon, major cryptos like Bitcoin and Ethereum could finally 
start rallying – and the altcoin space will only get more bullish. While new 
cryptos, like BTC Bull Token ($BTCBULL) and Solaxy ($SOLX), will indeed 
benefit from increased public borrowing and investment, their solid 
fundamentals and community hype will likely see them rising regardless. 
However, make sure you do your own research and due diligence before 
investing. Our articles aren&#8217;t financial advice, after all.

Best Altcoins to Buy as Trump Urges Fed to Cut Interest Rates in Favor of Crypto

Australia’s financial intelligence agency, AUSTRAC, is tightening regulations 
on crypto ATMs due to concerns over scams and fraud. New restrictions include 
cash deposit and withdrawal limits as well as mandatory scam warnings. ATM 
Scammers Target Senior Citizens Australia’s financial intelligence agency, 
AUSTRAC, is implementing stringent new measures for cryptocurrency ATM 
operators, including refusing to renew […]

Crypto ATM Use by Seniors Raises Red Flags—AUSTRAC Tightens Rules

One of the reasons that the altcoin season seemed to not have begun until now 
is the fact that Bitcoin has dominated the market recovery, and thus, the BTC 
dominance remains very high. For the altcoin season to actually begin, past 
market performances show that there needs to be a major decline in the Bitcoin 
dominance. This is the ultimate trigger the market needs to confirm that 
altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall 
To 62% The Bitcoin dominance is still trending at a high 64%, and this 
continues to be a thorn in the side of altcoins. With the dominance this high, 
the Bitcoin price continues to dictate where the market goes and has seen 
altcoins suffer crashes as a result of even the tiniest movement triggering a 
decline in prices. Related Reading: What Happens To The XRP Price If The 2017 
Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed 
out an interesting formation in the chart, which is a 7-wave crashing pattern. 
This pattern has been completed, and this signals a possible drop in the 
Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was 
when the dominance hit a peak of 64.6% before declining back down toward 64%. 
This pattern suggests that the Bitcoin dominance could possibly drop to 62%, 
which would be good news for those waiting for the altcoin season. The last 
time that the dominance was this low was back on May 14, and altcoins had 
rallied hard as a result. For this decline to be completed, the crypto analyst 
reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once 
this support is broken, a sharp drop toward 62% is expected from here. As the 
analyst explains, “real momentum kicks in under 62%,” and this is when altcoin 
season moves with full force. Altcoin Season Is Not Over The topic of a 
possible altcoin season is currently one of the most debated in the crypto 
community as market participants remain split on where it is in the cycle. 
Some have said there will be no altcoin season similar to what was seen in 
2021, while others have maintained that it is still possible. Related Reading: 
Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below 
$0.2 One analyst on the X (formerly Twitter) platform has lent their voice, 
pushing the narrative that the altcoin season is far from over. For a 
2021-style altcoin season to happen, though, the crypto analyst says the 
altcoin market, which excludes the top 10 cryptos by market cap, must break 
above the $470 billion resistance like it did in previous cycles. Once this 
happens, then they expect the altcoin season to begin. Featured image from 
Dall.E, chart from TradingView.com

The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62%

After earning $3 million from NFT sales, Jonathan Mann watched it vanish in a 
crash, and now he’s turned the ordeal into a painfully honest crypto tax tune.

Musician made $3M selling NFTs and lost it all to taxes and a crypto crash

Circle&#8217;s successful IPO highlights the growing legitimacy of stablecoins, 
potentially accelerating regulatory clarity and institutional adoption.
The post Circle rejected Ripple&#8217;s $5 billion buyout — now valued at over $20 
billion after NYSE debut appeared first on Crypto Briefing.