A recent filing revealed that the U.S. Securities and Exchange Commission has accepted the application for a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund. Truth Social first filed its S-1 form with the SEC for this crypto ETF, which holds both Bitcoin and Ethereum, on June 16. Because why not, right? 🤷♀️
After plunging to $0.000021124, BONK staged a dramatic recovery and closed at $0.000022868. As of the latest reading, the token trades at $0.0000228, slightly off highs but firmly within bullish territory.
The investment gives Tether direct access to Crystal’s suite of tools for real-time risk monitoring, fraud detection, and regulatory intelligence, bolstering the company’s ability to help global law enforcement track suspicious activity, the firms said in a Tuesday press release. Crystal has worked alongside Tether to build Scam Alert, a public database that flags wallet addresses tied to scams, as if they were posting wanted posters in the town square. 📢
Pseudonymous analyst Pentoshi, with a following of 869,100 on the social media platform X, has a feeling in his flippers that Bitcoin will surge to an all-time high (ATH) price in the next few days. 🦦
The weekly SMA 50, that erstwhile stalwart of the SHIB chart, has turned downward, and now threatens to cross beneath the weekly SMA 200, a signal of doom and gloom, if ever there was one. And thus, we must prepare ourselves for the possibility of a bearish trend, unless, of course, the market decides to reverse its course, which, as we all know, is as predictable as a lady’s whims at a ball. 💃
“The greatest bull case for the ETFs has been the grand unlocking of RIAs in 2025,” Seyffart proclaimed, like a man who had just discovered the secret to everlasting life. “At the moment, the majority of assets are trapped in that perplexing middle zone, where, if a client asks about buying a Bitcoin ETF, the adviser can act – but can’t, heaven forbid, initiate the recommendation.”
This theory, much like a debutante at a high-society ball, has captured the attention of the community, amidst the recent bullish developments. But, dear reader, let us not be swayed by the whims of fancy; let us instead don the cloak of skepticism and subject this claim to the cold, harsh light of scrutiny. 🔍
According to the official press release, which was as detailed as a farmer’s almanac, the over-the-counter crypto platform planned to use the funds to grow and expand its team, much like a farmer might plant more seeds in anticipation of a bountiful harvest. The goal was to meet the rising demand from institutions that were looking for a safer way to trade, one that didn’t involve leaving their hard-earned crypto in the hands of exchanges that seemed as stable as a house of cards.
Currently pirouetting around the $2.85 mark, Sui has demonstrated a remarkable resilience, bouncing off its $2.29 support zone with the elegance of a prima ballerina 💃. This rebound has allowed the token to maintain a firm foothold above the critical moving averages, including the 5-period and 60-period MAs on the 4-hour chart 📊. According to the astute crypto analyst @the_wolf_mind, this price “coil” around $2.85 is often the precursor to a significant directional move, suggesting that Sui’s volatility may soon give way to a decisive trend 🔄.
What’s fueling this glorious circus? Well, a cocktail of amateur excitement, gleeful whales doing as whales do (probably with monocles), and each coin’s own attempt at ecosystem “growth.” Of course, all this opera plays out on a stage where most altcoins can barely muster an understudy. Honestly, it’s peer-reviewed theater at this point.