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Bitcoin is enjoying some fresh relief as inflation data paints a slightly rosier picture than risk-asset traders feared.
If approved, new Solana and XRP exchange-traded funds could bring in as much as $13.6 billion in fresh investment capital during their first six to 12 months, according to JPMorgan analysts.The analysts posited that the “next wave of cryptocurrency” ETFs will not be as meaningful as those launched for bitcoin and ether given what they perceive to be “far lower investor interest.”
JPMorgan estimated that XRP and Solana ETFs could attract net inflows of over $15 billion.
The German analyst said that Dogecoin (DOGE), HBAR, XLM, and Cardano (ADA) are set to experience a parabolic rally.
Standard Chartered’s Geoff Kendrick cautioned that a breach of bitcoin’s $90,000 support level could spark spot ETF unwinds.He noted that this potential retracement might deepen to the low $80,000s, driven further by macroeconomic selling pressures.
Whale Boosts Position to 7,292 ETH Despite Unrealized Losses
BTC's 2025 trajectory is still optimistic, while the $100,000 mark is a significant resistance before an upside price resume
Bitcoin’s price initially surged following Donald Trump’s election victory, buoyed by the prospect of his pro-crypto policies.However, macro headwinds have seen markets cool since mid-December, leading analysts at K33 to ponder if Trump’s inauguration is no longer a sell-the-news event.
- 03:17Polymarket shows a 42% probability that Musk will form a new political party by the end of this yearAccording to Jinse Finance, data from official websites show that the probability of "Elon Musk founding a new political party by the end of this year" is currently 42% on Polymarket, while Kalshi reports a 35% probability for "Musk founding a new political party within this year." On July 1, Musk stated that if the "Beautiful Act" passes, he would establish a new political party in the United States the very next day. Trump's "Beautiful Act" passed the House of Representatives earlier this morning and is scheduled to be signed at 5 a.m. on Saturday. In addition, on June 6, Musk launched a poll on social media asking, "Is it time to create a new political party in the U.S. that truly represents the middle 80%?" The poll attracted 5,630,775 participants, with 80.4% voting in favor.
- 03:12Project Hunt: Treeverse, a Large-Scale Multiplayer Online Role-Playing Game, Is the Most Unfollowed Project by Top Figures in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past seven days, the large-scale multiplayer online role-playing game Treeverse has gained the most new followers among X (Twitter) Top influencers. Notable new influential followers of the project include Mr. Block (@mrblocktw). In addition, Phantom is among the projects that have lost the most X Top influencer followers.
- 03:12Project Hunt: CARV, a Modular Identity and Data Layer for Gaming and AI, Attracts the Most New Top Influencer Followers in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that over the past seven days, CARV—a modular identity and data layer for gaming and AI—has attracted the most new followers among X (Twitter) Top Influencers. Notable new influential followers of the project include crypto analyst Phyrex (@Phyrex_Ni), Elizabeth (@Elizabethofyou), and Chen Mo (@cmdefi). In addition, Botanix is also among the projects with the most new X Top Influencer followers.