At least seven asset managers have filed amended registration statements for their proposed spot Solana ETFs with the U.S. Securities and Exchange Commission as potential approval draws closer. As of August 1, firms including Bitwise, Canary Capital, Fidelity, CoinShares, Grayscale,…

Solana ETFs coming soon? Seven asset managers file amended S-1s with the SEC

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 
after briefly touching the $3,800 mark. Related Reading: XRP Breakout Targets 
$15—Analyst Says ‘This Is Just The Start’ The pullback comes after a robust 
July rally, which saw the world’s second-largest cryptocurrency surge more 
than 50%, its best monthly gain in three years. Despite the recent dip, on- 
chain data suggests the uptrend may not be over. Glassnode’s latest analysis 
points to a potential new all-time high (ATH) of $4,900, fueled by bullish 
investor sentiment, growing ETF inflows, and rising open interest (OI) in 
futures markets. Glassnode Points to a $4,900 Ethereum Target According to 
Glassnode, Ethereum is trading near its March 2024 levels, yet unrealized 
profits remain comparatively lower. This divergence implies a large upside 
potential as investors are not yet cashing out, signaling confidence in 
further gains. The firm’s analysis shows that if unrealized profits reach the 
same levels as in 2024, ETH would likely climb toward $4,900, marking a new 
ATH and testing the critical psychological resistance at $5,000. This could 
reflect a growing shift in how investors treat Ethereum, from a speculative 
token to a core financial asset. ETH&#8217;s price records a small decline on the 
daily chart. Source: ETHUSD on Tradingview Open Interest and ETF Demand 
Reinforce Bullish Outlook Rising open interest further supports Ethereum’s 
bullish case. Crypto futures data indicates that more traders are opening long 
positions on ETH, reflecting expectations of further upside. Ethereum’s OI has 
been a key contributor to the broader altcoin market rebound. Moreover, spot 
Ethereum ETFs, especially BlackRock’s iShares Ethereum ETF, saw over $4 
billion in inflows in July 2025, pushing total ETH ETF holdings to $21.85 
billion. The surge underscores Ethereum’s rising status among institutional 
investors and may amplify future price movements. Related Reading: Coinbase 
Bitcoin Premium Just Turned Red For The First Time Since May — What This Means 
With Ethereum facing resistance at $4,000, the convergence of strong 
technicals, investor optimism, and institutional demand paints a promising 
outlook. If momentum continues, ETH may soon chart new territory above its 
previous highs. Cover image from ChatGPT, ETHUSD chart from Tradingview

Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead

Crypto ETFs has taken a massive leap forward as SEC approval of in-kind 
mechanisms slashes costs, boosts efficiency, and propels digital assets deeper 
into mainstream finance. Bitwise Hails SEC Approval of In-Kind Mechanism as 
Pivotal for Crypto ETFs Asset management firm Bitwise explained on July 30 via 
social media platform X why the U.S. Securities […]

SEC’s ETF Shift Could Send Crypto Flows Into Overdrive

Bitcoin took a tumble today, dipping almost 3% versus the U.S. dollar, hitting 
an intraday low of $112,680. After that dip, the leading crypto asset by 
market cap bounced back, rising just above the $113,000 mark. Bitcoin Battered 
as $3.66T Crypto Market Nosedives Cryptocurrency markets took a beating today, 
with the crypto economy shrinking by […]

Bitcoin Dives to a Low of $112,680 as Crypto Carnage Grips the Market

The Central banks, institutions, and payment corridors are experimenting with 
something deeper than crypto hype. From cross-border settlements to real-world 
assets, Ripple is building blockchain infrastructure. If recent comments from 
top banking executives are any indication, XRP may move trillions in value. 
The Settlement Layer No One Saw Coming According to KingXRP, the XRP Ledger 
(XRPL) is on the brink of a groundbreaking transformation that could unlock a 
staggering $196 trillion market through the emergence of RealFi and real-world 
finance powered by blockchain technology. His post includes a recent interview 
with Teucrium CEO Sal Gilbertie, where he made a bold declaration that XRP and 
Ripple will move trillions and tokenize the entire financial system. Related 
Reading: XRP’s Secret Weapon? Ripple Exec Says It’s Not What You Think As 
mentioned in the video, XRP is often misunderstood. It can be traded and 
speculated on like any other asset, but its true purpose goes much deeper. 
Ripple is the company behind XRP, and it was originally founded to facilitate 
fast, efficient money transfers across borders. Apparently, XRP is now 
evolving far beyond simple transactions. It&#8217;s becoming a foundational tool for 
tokenizing a wide range of assets and enabling the movement of value in new 
and innovative ways. As Ripple continues to advance its level 2 
infrastructure, it&#8217;s becoming increasingly clear that they are positioning to 
tokenize the entire financial system. They have acquired a broker-dealer 
clearing member, which is a strategic move that brings them one step closer to 
integrating deeply with the traditional financial markets. This move marks 
what Gilbertie believes is the first step toward integrating traditional 
finance with DeFi. The acquisition of a broker-dealer isn&#8217;t just a 
technicality, but it&#8217;s the kind of infrastructure move that would rewire the 
system in the future. XRP Moves Into Institutional Payment Rails CryptoGeek 
has also shared an update on X about Ripple Chief Technology Officer (CTO), 
David Schwartz, stating that banks are now integrating XRP. Meanwhile, Ripple 
Bank will operate entirely on the XRP Ledger, settling all payments with XRP 
as its core asset. Related Reading: Ripple CEO Debunks SWIFT Partnership, XRP 
To Dramatically Change Payments Infrastructure Schwartz emphasized in the 
video that closing a deal with a bank always feels exciting, and it looks 
great on paper, which signals validation. However, behind the scenes, it&#8217;s a 
different story, and banks are extremely slow to move, cautious, conservative, 
and are bound by layers of internal processes. Furthermore, Schwartz stated 
that the team focused a lot on banks, because landing a press release with a 
major institution looked like progress. It felt like a milestone, and over 
time, the firm realized most of them were only in it for the optics. Featured 
image from Getty Images, chart from Tradingview.com

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

Mill City Ventures secured a $500 million equity facility to expand its SUI 
treasury holdings. MCVT to Raise up to $500M, Targets SUI Treasury Scaling The 
Minnesota-based specialty finance firm (Nasdaq: MCVT) announced an equity line 
agreement with A.G.P./Alliance Global Partners on August 1, 2025. This enables 
Mill City to sell up to $500 million […]