Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles.

GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec

As the newly launched REX-Osprey SOL + Staking ETF (SSK) nears $100 million in 
assets and offers rare staking rewards, institutional interest is heating up.

SOL on fire: Meme mania, ETF inflows power 86% rally

Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this week&#8217;s edition, the IMF states that 
El Salvador&#8217;s bitcoin purchases are merely consolidation operations, Brazil 
and the U.S. are on the verge of escalating a trade conflict, and the DEA has 
seized $10 million […]

Latam Insights: IMF Denies El Salvador’s Bitcoin Purchase Claims; US-Brazil Conflict Set to Escalate

Over the past week, the Ethereum (ETH) market recorded a solid positive price 
performance, reaching as high as $3,600. Notably, the second-largest 
cryptocurrency, among many altcoins, is experiencing a strong bullish momentum 
as evidenced by price gains of 45.48% over the last month. Amid the present 
market euphoria, Dutch market analyst Gert Van Lagen has backed Ethereum&#8217;s 
chances for sustained price gain based on an Elliott wave analysis. Related 
Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving 
It Ethereum To Complete Bull Market Cycle On High Note &#8211; Analyst The Elliot 
wave theory is a technical framework used to predict price targets by 
identifying repetitive patterns in price movements driven by investor 
psychology. In an X post on July 18, Van Lagen explains that this price 
forecast framework indicates that Ethereum may be entering the final phase of 
its bull market cycle, with a potential price target of $10,000. According to 
the analyst, the ETH bi-weekly trading chart suggests the cryptocurrency is 
completing a textbook five-wave cycle that began in 2022, with the fifth and 
final wave now unfolding in the form of an expanding diagonal. For context, 
the Elliot wave theory identifies a single price cycle in five waves, each 
composed of subwaves abc. As seen in the chart above, this includes the wave I 
marked by an initial impulse rally, followed by a sharp corrective Wave II as 
seen between 2022 and 2023. Wave III is defined by explosive momentum, pushing 
Ethereum to new highs, before entering a lengthy Wave IV consolidation 
characterized by a flat correction. Finally, there is wave V, i.e., the 
current status of the market, which is usually a final price surge. After 
breaking out of the upper boundary of the Wave 3–4, Gert Lagen explains that 
Ethereum is about completing subwave a of wave V following its most recent 
price gains. Therefore, investors should expect a brief pullback to retest the 
breakout zone, which would complete subwave ‘b’. After that, a blow-off rally 
forming subwave ‘c’ is on the cards, i.e., a price move that could push 
Ethereum to the $10,000 mark based on a broader Elliott wave analysis on the 
Ethereum bull market stretching from 2019 to date. Related Reading: Bitcoin 
Climbs, But NVT Indicator Sends a Surprising Signal Ethereum Price Overview At 
press time, Ethereum is trading at $3,657, posting gains of 1.79% over the 
past 24 hours and 21.8% over the last seven days. However, daily trading 
volume has dropped by 46.03%, signaling a potential weakening in the bullish 
momentum behind the current price surge. Following its most recent gain, the 
altcoin continues to retain its position as the second-largest cryptocurrency 
with a market cap of $441.14 billion and 11.1% market share. Featured image 
from Pexels, chart from Tradingview

Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts

Bitcoin’s price holds steady at $118,000 as it continues to consolidate below 
key resistance levels. The asset commands a market capitalization of $2.34 
trillion with strong 24-hour trading volume of around $24.52 billion and an 
intraday range of $117,502 to $118,483, indicating subdued volatility near a 
psychological inflection point. Bitcoin On the 1-hour chart, bitcoin […]

Bitcoin Price Watch: $117.5K to $118K Consolidation Signals Tension Before Breakout

The GENIUS Act marks a turning point for crypto regulation, but experts say 
true integration with finance and identity systems is only beginning.