According to @rovercrc, Bitcoin (BTC) has rebounded strongly towards $110,000, recently trading around $109,500, buoyed by a U.S.-Vietnam trade deal and the successful launch of the first U.S. crypto staking ETF, the REX-Osprey Solana + Staking ETF (SSK). Bloomberg analyst Eric Balchunas highlighted the ETF's strong debut with $20 million in volume, boosting crypto sentiment. Looking ahead, Vetle Lunde, head of research at K33, anticipates a potentially volatile July for BTC, citing several Trump administration catalysts including an expansionary budget bill, a July 9 tariff deadline, and a July 22 deadline for a crypto executive order. Despite the potential for volatility, NYDIG Research notes that Bitcoin's current low volatility environment makes options trading relatively inexpensive, presenting a cost-effective opportunity for traders to position for directional moves ahead of these key market-moving events.

According to @FarsideUK, Solana (SOL) experienced a significant 7.84% price decline to $145.08, sharply underperforming a broad crypto market index which fell only 0.24%. This sell-off occurred just one day before the highly anticipated launch of the REX-Osprey SOL + Staking ETF (ticker: SSK) on July 2, 2025, the first U.S.-listed fund offering direct SOL exposure combined with staking rewards. Technical analysis from the source indicates that SOL faced strong resistance at $157.42 and established a support level around $146.55, with the price action forming a distinct descending channel. Despite the ETF being viewed as a potential long-term positive catalyst for institutional adoption, the immediate market sentiment remains cautious, leading to significant selling pressure ahead of the event.

According to @rovercrc, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas have increased their approval odds for the majority of spot crypto ETF filings to 90% or higher. This bullish outlook applies to ETFs for major altcoins including XRP (XRP), Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The analysts cite ongoing engagement from the U.S. Securities and Exchange Commission (SEC), such as 19b-4 acknowledgements and S-1 amendment requests, as a very positive sign of cooperation. Further reinforcing this sentiment, bettors on Polymarket are pricing in a 98% chance of an XRP ETF approval and a 91% chance for a SOL ETF this year. Despite this long-term optimism, current market data shows short-term bearish pressure, with Solana (SOLUSDT) trading around $146.11 after a 7.26% drop and XRP (XRPUSDT) at approximately $2.17, down 5.23% in the last 24 hours.

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 Francisco Rodrigues, Bitcoin (BTC) fell 2.9% to $104,889.07 and the CoinDesk 20 Index declined 6.1% over 24 hours as Israeli airstrikes on Iran heightened global risk aversion, with gold futures rising 1.3% as a traditional haven, per market data. Solana's SOL plummeted 9.5%, erasing gains from earlier SEC requests for ETF S-1 updates, as noted by Jake Ostrovskis of Wintermute, who highlighted the market's underexposure to SOL assets. Polymarket traders estimate a 91% probability of Iranian retaliation this month, potentially escalating tensions, while derivatives data from Deribit shows increased BTC and ETH put/call ratios at 1.28 and 1.25, indicating higher demand for downside protection.

According to Francisco Rodrigues, cryptocurrencies declined as Israeli airstrikes on Iran spurred global risk aversion, with BTC dropping 2.9% and a broad crypto market index falling 6.1% over 24 hours. Jake Ostrovskis, an OTC trader at Wintermute, noted SOL's 9.5% drop despite earlier gains from SEC ETF filing updates, while Bloomberg ETF analysts Eric Balchunas and James Seyffart predict a 90% chance of SOL ETF approval by year-end. Polymarket traders indicate a 91% probability of Iranian retaliation this month, potentially escalating market volatility.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, heightening global risk aversion and causing bitcoin (BTC) to fall 2.9% and a broad market index to drop 6.1% over 24 hours, as market data shows. Gold futures rose 1.3%, indicating a shift to traditional safe havens, based on commodity reports. SOL plummeted nearly 9.5% despite Solana ETF optimism, with Jake Ostrovskis noting the market is 'underexposed to SOL' according to his analysis. Derivatives data from Velo revealed open interest dropping to $49.31 billion, while Deribit data showed defensive options positioning with BTC put/call ratio at 1.28. CoinGlass reported $1.16 billion in liquidations, primarily from long positions.

According to Francisco Rodrigues, cryptocurrencies declined sharply as Israeli airstrikes on Iran escalated geopolitical tensions, driving investors away from risk assets. Bitcoin (BTC) dropped 2.9% and the CoinDesk 20 Index fell 6.1% over 24 hours, as Israeli Prime Minister Benjamin Netanyahu stated the attack targeted Iran's nuclear program, per official reports. Derivative data from Velo showed open interest dropped to $49.31 billion, while Deribit put/call ratios rose to 1.28 for BTC and 1.25 for ETH, indicating heightened demand for downside protection. Spot BTC ETFs recorded $86.3 million in daily net inflows, according to Farside Investors.

According to Francisco Rodrigues, cryptocurrencies declined sharply as Israeli airstrikes on Iran heightened geopolitical tensions, causing investors to flee risk assets. Bitcoin (BTC) dropped 2.9% over 24 hours, and the broad crypto market index fell 6.1%, as reported by Rodrigues. Solana (SOL) plummeted nearly 9.5% despite earlier gains from SEC ETF updates, with Jake Ostrovskis citing Bloomberg ETF analysts assigning a 90% probability of SOL ETF approval by year-end. Derivatives data from Deribit showed increased put/call ratios for BTC and ETH, indicating defensive positioning, and $1.16 billion in liquidations occurred mostly from long positions, according to liquidation tracking data.

According to Francisco Rodrigues, cryptocurrencies experienced significant declines with Bitcoin (BTC) dropping 2.9% and a broad market index falling 6.1% due to Israeli airstrikes on Iran, as tensions escalated risk aversion across assets. Solana (SOL) plummeted nearly 9.5% despite earlier gains from SEC ETF speculation, with Jake Ostrovskis of Wintermute noting optimism for approvals but market underexposure. ETF inflows remained robust with $939 million for BTC and $811 million for ETH month-to-date, though focus shifted to geopolitical risks, including a 91% chance of Iranian retaliation per Polymarket traders. Derivatives data from Velo showed open interest dropping to $49.31 billion, while Deribit reported increased BTC and ETH put/call ratios at 1.28 and 1.25, indicating heightened demand for downside protection.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran escalating geopolitical tensions, with bitcoin (BTC) falling 2.9% and a broad crypto market index losing 6.1% over 24 hours. SOL dropped 9.5% despite earlier gains from SEC ETF updates, as Jake Ostrovskis noted optimism for Solana ETF approvals. Velo data showed open interest plunging to $49.31 billion, while Deribit data revealed increased BTC and ETH put/call ratios indicating higher demand for downside protection. Coinglass reported $1.16 billion in liquidations, predominantly from long positions, amid heightened market volatility.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, with Bitcoin (BTC) falling 2.9% and a broad crypto market index losing 6.1%, as geopolitical tensions drove investors away from risk assets. Jake Ostrovskis, an OTC trader at Wintermute, noted that SOL initially rallied on SEC ETF filing updates but dropped nearly 9.5% amid the conflict. Data from Velo shows derivatives open interest plummeted to $49.31 billion, and CoinGlass reported $1.16 billion in liquidations, primarily from long positions. Gold futures rose 1.3%, highlighting a flight to traditional havens.

According to CryptoMichNL, Israeli airstrikes on Iran triggered a crypto market sell-off, with the CoinDesk 20 Index falling 6.1% and bitcoin (BTC) declining 2.9% over 24 hours, as reported by CoinDesk. Solana (SOL) dropped nearly 9.5% despite earlier gains from SEC ETF speculation updates, per Wintermute trader Jake Ostrovskis via CoinDesk. Spot crypto ETFs saw inflows, with BTC funds adding $939 million and ETH funds $811 million month-to-date, according to CoinDesk. Derivatives data indicated a drop in open interest to $49.31 billion and rising put/call ratios for BTC and ETH, signaling increased demand for downside protection, as per Velo and Deribit data. Total liquidations hit $1.16 billion, with 90% from long positions, based on CoinGlass figures, amid heightened geopolitical risks and a 91% chance of Iranian retaliation per Polymarket traders.

According to Ultra_Calls, cryptocurrencies declined sharply following Israeli airstrikes on Iran, with the CoinDesk 20 Index falling 6.1% and Bitcoin (BTC) dropping 2.9% over 24 hours, as geopolitical tensions spurred a flight from risk assets. Wintermute trader Jake Ostrovskis noted that Solana (SOL) had rallied on SEC ETF filing updates but fell nearly 9.5% amid the conflict, while Polymarket traders assign a 91% chance of Iranian retaliation this month, increasing market uncertainty. Velo data shows derivatives open interest dropped to $49.31 billion, and Deribit data indicates rising BTC and ETH put/call ratios, signaling heightened demand for downside protection amid $1.16 billion in liquidations recorded by CoinGlass.

According to CoinDesk, cryptocurrencies faced significant declines amid heightened geopolitical risks from Israeli airstrikes on Iran, driving a risk-off sentiment across markets. Bitcoin (BTC) fell 2.9% to $104,889.07 over 24 hours, while the CoinDesk 20 Index dropped 6.1%, as reported by CoinDesk. Solana (SOL) plunged nearly 9.5% despite earlier gains from ETF speculation, with Bloomberg analysts citing a 90% probability of SOL ETF approval by year-end. Spot BTC ETFs saw $86.3 million in daily net inflows, contributing to cumulative inflows of $45.29 billion, while ETH ETFs added $112.3 million, according to Farside Investors. Derivative data from Deribit showed increased demand for downside protection, with BTC put/call ratio at 1.28, and open interest dropping to $49.31 billion from a peak of $55 billion, per Velo data. Traders should monitor key support levels like ETH's $2,480 and geopolitical developments for potential volatility.

According to Francisco Rodrigues, cryptocurrencies declined sharply due to Israeli airstrikes on Iran, heightening global risk aversion and causing a broad crypto market index to fall 6.1% over 24 hours, with BTC down 2.9%. Jake Ostrovskis from Wintermute noted that SOL dropped nearly 9.5% despite earlier gains on SEC ETF filing updates, while Farside Investors reported BTC ETF inflows of $939 million month-to-date. Velo data showed derivatives open interest plummeting to $49.31 billion, and Deribit data indicated rising BTC and ETH put/call ratios at 1.28 and 1.25, signaling increased demand for downside protection. Coinglass data revealed $1.16 billion in liquidations, with 90% from long positions.

According to Crypto Rover, the US SEC has approved the Nasdaq Crypto US Settlement Price Index, which now includes Solana (SOL), Cardano (ADA), Stellar (XLM), and Ripple (XRP). This approval signals that these altcoins have achieved strong liquidity and reliable pricing, which is a critical requirement for institutional products. The move removes a major regulatory barrier for potential spot ETF approval, following the precedent set by BTC and ETH indices. Traders should note that this development could significantly increase institutional inflows and enhance price discovery for these assets, potentially impacting broader crypto market sentiment. (Source: Crypto Rover on Twitter, June 7, 2025)

According to Crypto Rover, the U.S. SEC is questioning the legality of proposed Ethereum (ETH) and Solana (SOL) ETFs, highlighting concerns over staking mechanisms and their classification under U.S. investment law (source: Crypto Rover on Twitter, June 2, 2025). This development introduces significant regulatory uncertainty for ETH and SOL ETF approval timelines, which could increase volatility and pressure on both tokens’ spot prices. Traders should closely monitor SEC communications as further scrutiny may delay institutional inflows and affect broader crypto market sentiment.

According to Crypto Rover (@rovercrc), Franklin has filed for a Solana (SOL) ETF with the CBOE, which is considered a bullish signal for Solana's market prospects. This move could potentially increase institutional interest and liquidity for SOL, marking a significant development in the cryptocurrency ETF space.

According to Eleanor Terrett, $SOL ETF filings for Grayscale, VanEck, Canary Funds, Bitwise Invest, and 21Shares have been entered into the Federal Register as of February 18, initiating a 240-day review period for the SEC to decide on approval or denial by October 16. This development is crucial for traders as it marks a significant step towards potential market expansion for Solana-based ETFs, impacting trading strategies and market dynamics.