A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D) and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level. Bitcoin Price Breakout To Spark Next Bull Run The Bitcoin price is currently hovering below a critical resistance level at $108,500, and according to a crypto analyst known as ‘BigMike7335’ on the X social media platform, a clean breakout and flip of this level into support could ignite an explosive Wave 3 bull run. Based on Elliott Wave Theory and Fibonacci Extension analysis, a successful move above this threshold could open the door to a bullish price surge with potential targets set in the $160,000 to $200,000 range. Related Reading: Bitcoin Flashes Double Top Above $106,000: FVG Says A Large Crash Is Coming The analyst’s chart shows that Bitcoin has already completed its Wave 1 of a five-wave impulse move, followed by an ABC corrective Wave 2. The market is also currently consolidating, and Bitcoin’s bullish momentum appears to be rebuilding. These positive developments are supported by a rising Stochastic Relative Strength Index (RSI) from the oversold region and a neutral-to-bullish RSI, both of which point toward upward price action. Notably, the 0.618 and 1.0 Fibonacci Extensions around $117,795 and $137,421, respectively, are highlighted as interim resistance zones where price momentum could temporarily slow before continuing upward. A clean breakout above $108,500 could also place Bitcoin above a heavy volume node visible in the volume profile within the chart, suggesting less overhead resistance and a stronger potential for a price rally. Furthermore, the analysis implies that during this powerful Wave 3 phase, Bitcoin Dominance will likely climb toward 70%. This increase in BTC.D would mean capital is concentrating in the leading cryptocurrency, which historically results in altcoins underperforming. As a result, the expected altcoin season for this cycle may be postponed, following the completion or cooling of Wave 3. Analyst Predicts $375,000 Bitcoin Bull Run Peak Crypto analyst TechDave has just sounded the alarm on what he calls the Bitcoin “launch signal”, a rare trigger that has only appeared four times in history and each time marked the start of major bull market rallies. This signal previously appeared in October 2012, July 2016, and July 2020—all preceding major upward moves that ended in new cycle peaks. Related Reading: Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again Currently, the same signal is emerging this July, aligning with the previous cycle structures and reinforcing the expectation of a breakout phase. Notably, the formation has led to exponential gains, with each bull market run typically peaking months later. Following this historical pattern, TechDave now predicts a fresh cycle top for Bitcoin at $375,000. Featured image from Getty Images, chart from Tradingview.com
NewsBTC 2025-07-01 18:30
SEC seems more crypto-friendly, potentially approving bulk altcoin ETFs soon. New listing standards may simplify token-based ETF processes significantly. Continue Reading: Crypto World Awaits Potentially Game-Changing Altcoin ETFs The post Crypto World Awaits Potentially Game-Changing Altcoin ETFs appeared first on COINTURK NEWS .
CoinTurk News 2025-07-01 18:27
Cryptocurrency journalist Eleanor Terrett has shared a notable development with the public following the softening of the U.S. Securities and Exchange Commission’s (SEC) stance on cryptocurrencies. According to Terrett, the SEC is in the early stages of creating a universal listing standard for token-based exchange-traded funds (ETFs) in collaboration with exchanges. With the new approach, if a token meets the specified criteria, issuers will be able to directly submit Form S-1, bypassing the 19b-4 filing, which is currently a lengthy and detailed process. In this case, after the 75-day waiting period, the relevant token ETF will be listed directly on the exchange. Terrett points out that this method can save both issuers and the SEC significant time and bureaucratic process. Related News: AI Altcoins That Cryptocurrency Developers Have Focused On the Most in the Last Month Have Been Revealed - Here is the Top 10 List However, it is not yet clear what the listing criteria will be. There are various speculations that market value, trading volume and liquidity may be among the main criteria. The SEC declined to make an official statement regarding the development. *This is not investment advice. Continue Reading: BREAKING: Historic Change Claimed to Completely Clear the Way for Altcoin Spot ETFs on the SEC
BitcoinSistemi 2025-07-01 18:26
Jito Foundation , the organization that works to accelerate the adoption of Jito protocols via the Jito DAO , has announced that JitoSOL mint and redeem operations are now live, supported by Anchorage Digital . The latter encompasses the Anchorage Digital Bank N.A. , the only federally chartered crypto bank in the US. In January 2021, the Office of the Comptroller of the Currency (OCC) granted Anchorage Digital a national trust charter. Now available: Minting and redeeming @jito_sol directly from the Anchorage Digital platform Liquid staking & MEV rewards on @solana No third-party apps needed Unlock your SOL at any time pic.twitter.com/234opZF4ND — Anchorage Digital (@Anchorage) July 1, 2025 Thanks to this latest partnership, Anchorage Digital now offers access to the complete lifecycle of Solana’s leading liquid staking token. Institutions and SOL holders can custody, mint, and redeem JitoSOL. They can do so via Anchorage Digital Bank N.A. or Anchorage Digital Singapore , a payment institution with a licence from the Monetary Authority of Singapore . These actions allow them to maintain SOL liquidity and capture staking and protocol revenue, the team argues. The partnership overall, it adds, paves “the way for broader adoption by regulated financial entities.” Moreover, JitoSOL mint and redemptions will soon be available through Porto , Anchorage Digital’s self-custody wallet, for those who want to self-custody. JitoSOL is the 1st Solana LST with support from a federally chartered bank! Institutions can custody, mint, & burn JitoSOL via @Anchorage , home to the only federally chartered crypto bank in the U.S. More on this below pic.twitter.com/ZS7T0YxkrO — Jito (@jito_sol) July 1, 2025 “Anchorage Digital is proud to offer expanded support for JitoSOL, starting with custody and now delivering a seamless, custom-built mint and redeem experience right from our platform,” said the former’s CEO Nathan McCauley. “This latest integration marks our growing support for the Solana ecosystem. We’re excited to make liquid staking and the Solana DeFi ecosystem accessible to a growing number of institutions.” You may also like: Anchorage Digital Acquires Mountain Protocol to Expand Stablecoin Services Anchorage Digital, the only federally chartered digital asset bank in the United States, is expanding its stablecoin capabilities through the acquisition of Mountain Protocol, a regulated stablecoin issuer.The deal, announced on May 12, is subject to regulatory approval and standard closing conditions.While financial terms of the acquisition were not disclosed, Anchorage confirmed it will integrate Mountain Protocol’s team, technology, and licensing framework into its broader... JitoSOL on Path Towards Staking ETFs with Anchorage Digital Per the announcement , the integration includes institutional-grade security features, such as hardware security modules (HSMs), biometric authentication, and behavioral analytics. Moreover, the Jito Foundation says it has published the JitoSOL Securities Classification Report . It “outlines why JitoSOL does not constitute a security under US law.” It has also published a memorandum to guide the tax treatment of liquid staking. These moves help “position JitoSOL as one of the most accessible and well-prepared assets for integration into mainstream financial products,” the team argues. 4/6 Why does this matter? Institutions previously faced a tradeoff: • Direct staking: locked capital and operational complexity • LSTs: lacked qualified custody solutions Now JitoSOL offers liquid staking with institutional-grade custody via Anchorage — Jito (@jito_sol) July 1, 2025 And speaking of regulations, the latest partnership comes amid discussions around staking-enabled exchange-traded funds (ETFs) . According to Thomas Uhm, Chief Commercial Officer at Jito Foundation, “with support for in-kind creation and redemption, primary and secondary market liquidity, and compatibility with a trusted partner like Anchorage Digital, JitoSOL satisfies many of the operational requirements that modern ETF issuers — and other developers of regulated financial products — must address.” The team also argues that liquid staking tokens are increasingly seen as a practical alternative to direct staking. “With Anchorage Digital’s qualified custody infrastructure now in place, JitoSOL is positioned to meet many of the operational requirements that regulated financial product developers must address,” it concludes. You may also like: SEC’s Staking ETF Pushback Shows Regulatory Uncertainty, Says Ripple-Backed Custodian The U.S. Securities and Exchange Commission (SEC) has raised fresh concerns around the classification and legality of exchange-traded funds (ETFs) that use staking, casting doubt on proposals from REX Financial and Osprey Funds.Both firms recently submitted amendments for ETFs that would incorporate staking mechanisms for Solana (SOL) and Ether (ETH), but the SEC has argued that the funds may not meet the requirements to be classified as traditional ETFs under current U.S.... The post JitoSOL Partners with Anchorage Digital as “First Solana LST with Support from US Federally Chartered Bank” appeared first on Cryptonews .
cryptonews 2025-07-01 18:11
Deutsche Bank plans to roll out a crypto custody service in 2026, partnering with Bitpanda’s technology arm to build the platform, Bloomberg reported Tuesday , citing sources familiar with the matter. Key Takeaways: Deutsche Bank will launch a crypto custody service in 2026 with support from Bitpanda and Taurus. The bank is exploring stablecoins and tokenized deposits, signaling a deeper commitment to digital assets. Major German banks, including Sparkassen and DZ Bank, are also moving into crypto services. The German banking giant’s corporate division will also maintain its collaboration with Swiss provider Taurus SA, which has been involved in Deutsche Bank’s custody plans since they were first unveiled in 2022. The custody push comes as major financial institutions ramp up digital asset efforts, spurred by evolving regulations in Europe and supportive moves in the U.S. following Donald Trump’s reelection. Deutsche Bank Expands Crypto Footing Deutsche Bank confirmed earlier this month that it is exploring stablecoins and tokenized deposits, which could involve issuing its own token or joining broader industry initiatives. The bank is also weighing the development of a tokenized deposit solution for payments. Notably, Deutsche Bank was among investors backing a $65 million funding round last year for Taurus , reflecting its growing commitment to the digital asset space. BREAKING Germany's largest bank, Deutsche Bank, to launch crypto custody services in 2026 pic.twitter.com/Bx0UbFcJMF — Quinten | 048.eth (@QuintenFrancois) July 1, 2025 Deutsche Bank’s crypto expansion comes as a number of major German banks have already begun integrating crypto services. Just recently, Germany’s Sparkassen-Finanzgruppe announced plans to launch crypto trading for its 50 million customers by summer 2026. Dekabank, owned by Sparkassen, will oversee the crypto offering through the group’s mobile banking app, enabling direct trading of Bitcoin and Ether. Likewise, DZ Bank, Germany’s second-largest lender, partnered with Boerse Stuttgart Digital last year to pilot crypto trading and custody services, aiming to expand offerings across its 700 cooperative banks after initial trials. Meanwhile, Landesbank Baden-Württemberg, the country’s biggest federal bank, announced plans in April 2024 to provide crypto custody services for institutional clients in collaboration with Bitpanda. The momentum isn’t limited to Germany. Speaking in April, Eric Trump warned that banks resisting crypto could become obsolete within a decade, highlighting issues of speed and cost in traditional finance. Big Banks Change Stance Toward Crypto Major banks including JPMorgan, Citigroup, Bank of America, and Wells Fargo are meeting with officials in Republican-led states like Texas and Oklahoma to address accusations of political bias, especially toward fossil fuel and firearms industries. Some states have blacklisted these banks from contracts, prompting banks to defend or adjust their policies. Citigroup ended its restriction on working with firearms vendors selling to buyers under 21, while JPMorgan and others clarified they don’t base lending decisions on political views. Banks are also retreating from climate-focused alliances and easing restrictions on coal financing to avoid further backlash. At the federal level, the Trump administration is considering an executive order to prohibit banks from denying services based on political or religious beliefs, which could affect banks’ participation in government business, including selling Treasury bonds. The post Deutsche Bank Taps Bitpanda to Launch Crypto Custody Service in 2026: Bloomberg appeared first on Cryptonews .
cryptonews 2025-07-01 18:08
Can Ethereum truly challenge Bitcoin's dominance, or even lead a new "altcoin season?"
AMB Crypto 2025-07-01 18:00
Crypto World Awaits Potentially Game-Changing Altcoin ETFs
