It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

Market Watch
Highlights of the Day
- SEC Gives Final Approval for Spot ETH ETFs
- Mocaverse x TON
Project of the Day
Crypto Corner
Market Sentiment & Predictions
Business & Political Insights

Market Watch

Top Gainers

Helium ($HNT): +5.5%
LEO Token ($LEO): +2.7%
XRP ($XRP): +2.3%

Top Losers

Popcat ($POPCAT): -8.4%
Lido DAO ($LDO): -8.3%
Notcoin ($NOT): -8.0%

Trending Crypto Sectors/Categories

Parody Meme
PolitiFi
Zero Knowledge (ZK)

Total Crypto Market Cap – 2.563 Trillion

Fear and Greed Index – 71

Top NFT Sale

CryptoPunks #6695 Sold for 27.25 ETH

Highlights of the Day

SEC Gives Final Approval for Spot ETH ETFs

The SEC has approved several spot Ethereum ETFs, allowing firms like 21Shares, Bitwise, BlackRock, Fidelity, VanEck, and Invesco Galaxy to start trading them from Tuesday. This approval provides institutional investors with a new way to invest in Ethereum and is anticipated to increase market interest and drive further growth in the Ethereum ecosystem.

Potential for New Highs

Despite Ethereum struggling with the $3,500 resistance, optimism remains high. Experts believe the new ETFs could lead Ethereum to new all-time highs, highlighting its growing influence and potential for major market shifts.

Mocaverse x TON

Mocaverse and The Open Network (TON) Foundation have announced a pivotal partnership aimed at accelerating growth across their ecosystems. This collaboration seeks to enhance Web3 experiences by integrating into popular sectors such as gaming, sports, and intellectual property.

Partnership Details

The partnership is set to strengthen the Moca Network’s position as a central hub, described as a “network of networks.” TON will be instrumental in this expansion, utilizing its expertise to drive development and growth across both Mocaverse and TON ecosystems.

Project of the Day

zkSync

zkSync ($ZK) is making waves as a Layer 2 protocol designed to enhance Ethereum’s scalability and reduce transaction costs, all while upholding the core values of freedom, self-sovereignty, and decentralization. Leveraging zkRollup technology, zkSync aims to significantly increase Ethereum’s throughput without compromising its foundational principles.

In terms of price movements, $ZK holds a market cap of over $660 million and is priced around $0.18. Although the token has recently fallen 37% from its all-time high, reached just over a month ago after its TGE, the project’s future remains promising.

Another thing of note is that the project has a FDV of $2.01 billion and as such the token unlock schedule is meant to heavily influence the price in the coming months. However, due to its advanced scalability solutions, $ZK’s long-term outlook remains bullish.

Crazy Day in Crypto

The Biden-themed Solana memecoin $BODEN has fallen 99% from its all-time high, including a 65% drop in the last 24 hours following Biden’s withdrawal.
The Kamala Harris-inspired memecoin $KAMA has surged nearly 900% in the past week following Biden’s withdrawal from the presidential race.

Market Sentiment & Predictions

Bernstein analysts predict that if Donald Trump wins the 2024 election, potential positive changes in crypto regulation could lead to Bitcoin surpassing $100,000 in 2025 and possibly peaking near $200,000 due to accelerated institutional adoption.
Predictions indicate that Donald Trump’s potential presidency might influence SEC Chair Gary Gensler’s decision to resign early in 2025.
CNBC analysts speculate that if Trump is re-elected, the US Justice Department’s 200,000 BTC could be moved to the Treasury as a reserve asset, raising speculation about Bitcoin as a reserve currency.