According to @AltcoinGordon, crypto firm Unicoin is acquiring a 51% stake in Diamond Lake Minerals to pivot towards an altcoin-based treasury strategy, a move Unicoin CEO Alex Konanykhin believes can replicate Bitcoin's (BTC) success at a lower cost. This strategic shift occurs despite an ongoing SEC lawsuit against Unicoin for alleged securities fraud, which Konanykhin has dismissed as false. In parallel, the market is watching Solana (SOL), with Syncracy Capital Co-Founder Ryan Watkins reaffirming his prediction that Solana is positioned to lead the 'tokenization of everything.' This sentiment is supported by rising institutional interest, evidenced by record CME Futures volume for SOL. From a trading perspective, SOL was recently trading around $144.04, with technical analysis from the report identifying key support at $143.02 and a resistance band between $147.90 and $148.00.

According to @StockMKTNewz, the U.S. Securities and Exchange Commission (SEC) has initiated a review of its staff's approval for Grayscale's Digital Large Cap Fund (GDLC) to be converted into an Exchange-Traded Fund (ETF). This action places a stay on the conversion, creating regulatory uncertainty for the fund's holdings, which include Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA), as stated in a letter dated July 1. This specific regulatory hurdle contrasts with broader legislative efforts in Congress, such as the FIT21, STABLE, and CLARITY Acts, which aim to establish a clear federal framework for digital assets. The outcome of the SEC's review could directly impact the market sentiment and trading of the assets within the $755 million GDLC fund.

According to FoxNews, a New York judge has rejected a joint settlement request from Ripple Labs and the SEC, creating significant legal headwinds for Ripple (XRP). District Judge Analisa Torres denied the request to lower Ripple's penalty and remove a permanent injunction, stating there remains a 'reasonable probability' that Ripple would continue violating federal securities laws. The judge argued that the parties, including the newly crypto-friendly SEC, did not present 'exceptional circumstances' to justify changing the court's final judgment. This decision prolongs legal uncertainty for Ripple and its digital asset, XRP, which was trading at approximately $2.2277 with a 24-hour change of -1.018%. In other news reflecting legal risks in the crypto sector, Shaquille O’Neal reportedly agreed to a $1.8 million settlement over his promotion of the collapsed FTX exchange.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale transactions. While this specific tax relief effort is stalled for now, significant bipartisan progress on a comprehensive digital asset framework is occurring in the House of Representatives. Lawmakers there have advanced key legislation, including the FIT21 Act, the STABLE Act, and the CLARITY Act, which aim to establish clear regulatory jurisdictions for the SEC and CFTC, regulate stablecoins, and create a functional framework for digital assets to foster innovation. This legislative push seeks to provide the regulatory certainty that the industry has been lacking. Amid these developments, the crypto market shows some volatility, with Ethereum (ETH) trading at approximately $2,516 against USDT, marking a 24-hour decline of over 2.3%.

According to @MilkRoadDaily, tokenization platform Ondo Finance (ONDO) has agreed to acquire Oasis Pro, a U.S. Securities and Exchange Commission (SEC) regulated brokerage. This strategic acquisition provides Ondo with essential licenses, including a broker-dealer, Alternative Trading System (ATS), and transfer agent, paving the way for its entry into the U.S. tokenized securities market. The source states that this move is part of a larger trend where firms are positioning themselves to capitalize on the multi-trillion dollar potential of tokenized Real-World Assets (RWA). Ondo, which already manages over $1.4 billion in tokenized assets, plans to first roll out tokenized stocks for non-U.S. investors in the coming months. Oasis Pro brings valuable experience, being one of the first U.S. firms authorized to settle digital securities using both fiat and stablecoins like USDC and DAI. The deal is currently pending regulatory approval.

According to @timnitGebru, the cryptocurrency market is facing significant legal and regulatory headwinds. A New York judge has rejected a joint settlement proposal from the SEC and Ripple Labs, refusing to remove a permanent injunction against the firm, which prolongs legal uncertainty for XRP. Judge Analisa Torres stated the parties did not show exceptional circumstances to warrant modifying the court's final judgment, which found a 'reasonable probability' Ripple would continue violating securities laws. This development could negatively impact the XRP token, which is currently trading at approximately $2.2421, down 1.229% over 24 hours. Concurrently, the U.S. Supreme Court has declined to hear a privacy case involving an IRS request for Coinbase user data. This decision upholds the 'third-party doctrine,' allowing government agencies to access customer data from centralized exchanges without a warrant, reinforcing regulatory powers and raising privacy concerns for crypto investors.

According to @iampaulgrewal, the United States is making significant bipartisan progress toward establishing a clear federal regulatory framework for digital assets, a move that could significantly impact the market. Key legislative milestones include the House passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to clarify the jurisdictional boundaries between the SEC and CFTC. Further momentum was achieved with the advancement of the CLARITY Act and the STABLE Act, which together form a comprehensive framework for classifying digital assets and regulating payment stablecoins. These developments aim to replace the SEC's 'regulation by enforcement' approach with clear rules, fostering innovation and protecting investors. This positive regulatory momentum coincides with upward market movement, as Bitcoin (BTC) has risen 2.29% and Solana (SOL) has gained 4.30% in the last 24 hours, suggesting that traders may view increasing regulatory clarity as a bullish catalyst.

According to @FarsideUK, Solana (SOL) experienced a significant price jump of approximately 5% following news that the first Solana Staking exchange-traded fund (ETF) in the U.S. is set to launch. The REX-Osprey SOL+Staking ETF, managed by Rex Shares and Osprey Funds, is confirmed to begin trading this Wednesday. This development came after Rex Shares received an indication from the Securities and Exchange Commission (SEC) that there were no further comments on their filing. Following the initial surge, the SOL price corrected slightly but maintained gains, with market data showing SOLUSDT trading up 4.27% at $155.79. This launch marks a milestone as the first SOL-based ETF in the United States, while several other issuers continue to await approval for spot Solana ETFs.

According to @cas_abbe, the first Solana exchange-traded fund (ETF) in the United States, the REX-Osprey SOL+Staking ETF, is set to begin trading this week, confirmed by a spokesperson for Osprey Funds. The news initially triggered a 5% jump in the price of Solana (SOL), which was trading around $157 at the time of the report. The launch follows a recent filing by asset manager Rex Shares with the U.S. Securities and Exchange Commission (SEC), suggesting regulatory hurdles have been cleared. This product launch is significant as it precedes the potential approval of several spot SOL ETFs that are also awaiting regulatory decisions.

According to @FoxNews, the U.S. Supreme Court has declined to review a privacy case concerning an IRS request for Coinbase user data, upholding lower court decisions that affirm the agency's authority to access customer records through a "John Doe summons." This outcome reinforces the "third-party doctrine," impacting privacy expectations for traders on centralized exchanges. In a separate major legal development, New York District Judge Analisa Torres rejected a joint settlement proposal from the SEC and Ripple Labs, citing concerns that Ripple remains likely to violate securities laws, thus keeping a permanent injunction in place. This decision extends the legal uncertainty surrounding Ripple (XRP). In the markets, XRP (XRPUSDT) has fallen 1.178% to $2.1889 in the last 24 hours, while Solana (SOLUSDT) is down 1.422% to $149.08, per supplied data, reflecting the regulatory headwinds.

According to @FoxNews, Ripple is ending its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal. The announcement was made by Ripple CEO Brad Garlinghouse and follows U.S. District Judge Analisa Torres's rejection of a joint request for a revised settlement for the second time. The proposed settlement would have lowered Ripple's civil penalty to $50 million and removed a permanent injunction against the firm. Judge Torres denied the request, stating the court previously found a 'reasonable probability' that Ripple would continue violating federal securities laws. By withdrawing the appeal, Ripple accepts the original $125 million penalty and the permanent injunction remains in place. Following the news, the price of XRP saw a modest 1.4% increase, with the XRPUSD pair trading around $2.1910.

According to Edward Dowd, a public dispute has emerged between SEC Chair Gary Gensler and CFTC Chair Rostin Behnam regarding the proper approach to cryptocurrency regulation. The source highlights that the heads of the two primary U.S. financial regulators expressed conflicting views at a recent conference. This open disagreement creates significant regulatory uncertainty for the digital asset space, a key factor for traders as it can lead to increased market volatility and impact investment strategies until a clear legislative framework is established.

According to @EleanorTerrett, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas have significantly increased the approval odds for most spot crypto exchange-traded funds (ETFs) to 90% or higher. This high probability applies to filings for major cryptocurrencies including XRP, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The analysts cite ongoing engagement from the U.S. Securities and Exchange Commission (SEC) as a primary reason for their optimism, viewing the back-and-forth communication as a strong positive signal. This sentiment is echoed in prediction markets, with Polymarket bettors assigning a 98% chance of an XRP ETF approval this year. The report also highlights the broader trend of asset tokenization, which is moving beyond stablecoins and into structured credit, signaling a long-term structural shift in finance. Despite this positive long-term outlook, recent market data shows 24-hour price declines for key assets, with XRP down over 5.7%, SOL down over 7.2%, and ADA down over 7.5%, presenting a divergence between short-term price action and long-term fundamental developments.

According to @KobeissiLetter, former U.S. President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work toward 'clear and simple market frameworks' for crypto and Bitcoin (BTC). The source notes Trump also referenced the GENIUS Act to support dollar-backed stablecoins. In a separate development with significant trading implications, ETF issuer Bitwise updated its S-1 filing for a spot Dogecoin (DOGE) ETF. Bloomberg Intelligence's Eric Balchunas was cited, viewing the amendment as a 'good sign' of SEC engagement, which could increase approval chances. The filing was notably amended to include in-kind redemptions, a more efficient mechanism for ETFs. Despite this potentially bullish news, the market reaction was muted, with DOGE's price declining approximately 2% to $0.16.

According to @AltcoinGordon, XRP is experiencing a tightening trading range near $2.15, signaling a potential breakout as the market consolidates. Technical analysis shows XRP is in an extended accumulation phase with firm support at the 38.2% Fibonacci retracement level of $2.152. Key levels for traders to watch are support at $2.133, which held on above-average volume, and resistance near $2.186. The token's 24-hour trading range was narrow, from $2.135 to $2.186, with flat RSI and MACD indicators suggesting a breakout setup is forming. While the ongoing SEC case and broader macroeconomic tensions remain factors, the current technical compression indicates a significant price move could be imminent.

According to the White House, the United States is advancing towards comprehensive digital asset regulation, a move with significant implications for cryptocurrencies like Ethereum (ETH). U.S. Senator Tim Scott, chairman of the Senate Banking Committee, has set a new deadline of September 30 to finalize a crypto market structure bill, as stated at a press event. This legislative push, building on the House-passed FIT21 Act, aims to clarify the jurisdictional boundaries between the SEC and CFTC, potentially reducing the regulatory uncertainty that has hampered the industry. While the White House is pushing for the House to quickly pass the Senate's GENIUS Act for stablecoins, potential disagreements between the legislative chambers and the need for the Senate Agriculture Committee's input could present hurdles. For traders, this accelerated timeline towards regulatory clarity could signal a more stable and predictable investment environment for digital assets in the near future.

According to the White House, the United States is advancing a comprehensive digital asset regulatory framework designed to foster innovation and solidify the U.S. dollar's global leadership. Key bipartisan legislation, including the FIT21, STABLE, and CLARITY Acts, has progressed through Congress to establish clear rules for digital assets, clarifying the jurisdictions of the SEC and CFTC. A crucial upcoming step is the Senate's final vote on the GENIUS Act, which focuses on stablecoins. The administration views the over $190 billion in dollar-backed stablecoins not as speculative assets, but as 'digital dollars' that extend America's financial influence. For traders and investors, the passage of these laws would significantly reduce regulatory uncertainty, provide clear guidelines on reserves and consumer protections, and potentially unlock a new wave of institutional capital into the US crypto market by creating a stable and predictable environment.

According to @WhiteHouse, the United States is making significant bipartisan progress toward establishing a comprehensive regulatory framework for digital assets, which could provide much-needed clarity for traders and investors. The passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act in the House, with support from 71 Democrats, aims to clarify the jurisdictional boundaries between the SEC and CFTC, ending a period of regulation-by-enforcement that has pushed innovation offshore. Further legislative efforts include the CLARITY Act, STABLE Act, and GENIUS Act, which collectively seek to establish rules for stablecoins, define digital assets as securities or commodities, and enhance consumer protection. This push for regulatory clarity is seen as critical for the U.S. to maintain leadership in blockchain technology. From a trading perspective, this legislative momentum could serve as a long-term bullish catalyst. Currently, the market shows mixed signals, with Solana (SOL) up 3.33% to $156.56, while Bitcoin (BTC) remains relatively stable at $107,479.50, showing a minor 24-hour decrease of 0.049%.

According to @iampaulgrewal, New York District Judge Analisa Torres has rejected a joint settlement request from Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The source indicates the primary reason for the rejection is the proposal to remove a permanent injunction against Ripple, with the judge finding a 'reasonable probability' that Ripple would continue violating federal securities laws. This marks the second time Judge Torres has denied such a request, even though the SEC has adopted a more crypto-friendly stance under new leadership. The proposed settlement would have reduced Ripple's civil penalty to $50 million from the original $125 million. Despite the legal setback, the price of XRP has reacted positively, with the XRPUSD pair climbing 4.63% to $2.2930, according to the provided market data.

According to @MilkRoadDaily, the first Solana (SOL) staking exchange-traded fund (ETF) from Rex Shares and Osprey Funds is set to launch this Wednesday, triggering a significant price movement for the token. The source reports that news of the launch initially caused the SOL price to jump by 5%. At the time of reporting, SOL was trading around $157, reflecting a 24-hour gain of approximately 2.3%, with the SOLUSDT pair showing a high of $159.88. This launch marks the first SOL staking ETF in the United States. The source notes that asset manager Rex Shares had previously indicated the ETF was 'coming soon,' suggesting the U.S. Securities and Exchange Commission (SEC) had no further comments on the filing. A spokesperson for Osprey has also reportedly confirmed the Wednesday launch date.