Solana ( SOL ) is experiencing a surge in capital inflows, partly driven by the launch of the first-ever U.S.-based spot staking Exchange-Traded Fund ( ETF ) for the asset. As of press time, Solana’s market capitalization stood at $81.58 billion, up from $77.63 billion the previous day, an increase of $3.95 billion. The asset’s price is also trending higher, trading at $152.71 after gaining more than 3% on the day and approximately 7% over the past week. Solana one-day market cap chart. Source: CoinMarketCap The bullish momentum was sparked by the launch of the REX Osprey Solana Staking ETF, which officially began trading on July 2 on the Chicago Board Options Exchange (CBOE). This fund is the first Solana-focused ETF in the United States and recorded around $8 million in trading volume within just 20 minutes of its debut, according to Bloomberg ETF analyst James Seyffart. https://twitter.com/JSeyff/status/1940407756051394680 Jointly launched by asset managers REX Shares and Osprey Funds, the ETF provides direct exposure to Solana while also offering staking rewards. Structure of Solana staking ETF Roughly 80% of the fund is allocated to spot SOL holdings, with over half of that amount staked to generate on-chain yield. Investors can expect annual returns of between 7% and 7.3% from the staking portion. The remainder of the ETF’s portfolio includes Solana-linked international products and liquid staking assets, such as JitoSOL. A critical factor behind the ETF’s approval was its legal structure. REX and Osprey established the fund as a C-corporation under the Investment Company Act of 1940, allowing them to navigate around regulatory hurdles that have delayed other crypto-related ETFs. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is reviewing additional Solana ETF applications from major financial firms, including VanEck, Franklin Templeton, Fidelity, Galaxy Digital, and Grayscale. Although none have been approved yet, the SEC has extended its review periods into late July. Analysts now place a 95% chance that at least one Solana ETF will receive regulatory approval before the end of 2025. Featured image via Shutterstock The post Solana adds $4 billion in a day as first U.S. SOL ETF goes live appeared first on Finbold .

2025-07-02 20:51

Anthony Scaramucci, the founder of SkyBridge Capital and former White House Communications Director, has consistently positioned himself as one of Bitcoin’s most vocal supporters. In early January, he appeared on the Bankless podcast to reaffirm his bullish stance, not just on Bitcoin, but also on a handful of other digital assets that he believes have long-term utility. Scaramucci’s crypto portfolio, based on his public commentary, is structured with 50% allocated to Bitcoin ( BTC ), while the remaining half is split evenly across Solana ( SOL ), Avalanche ( AVAX ), and Polkadot ( DOT ). Among these, Solana stood out as his top pick for a layer-one blockchain due to its low transaction costs and high throughput. How much Scaramucci’s crypto portfolio performed in H1 2025 To understand how his investment approach would have played out over the first half of 2025, we modeled a hypothetical $1,000 investment made on January 1, following his allocation strategy. At the time, Bitcoin was trading at $93,510, Solana at $189.45, Avalanche at $37.63, and Polkadot at $6.64. By mid-year, those same assets were trading at $108,400, $154.94, $17.97, and $3.40, respectively. Bitcoin, which made up the largest share of the portfolio, delivered a positive return of over 15%, helping to partially offset the steep declines elsewhere. Solana ended June down more than 21%, while Avalanche and Polkadot suffered even sharper declines, falling by around 50% each year-to-date. BTC H1 2025 price chart. Source: Finbold Altogether, the portfolio was worth $880.86 on June 30, representing an 11.9% decline from the initial $1,000 investment. The post This is how $1,000 in Anthony Scaramucci’s crypto portfolio performed in H1 2025 appeared first on Finbold .

2025-07-02 17:26

Ripple has flooded the market with a significant number of XRP unlocks that are likely to influence the asset’s price. On July 1, the blockchain company unlocked 500 million XRP from escrow, well below its usual monthly release of one billion tokens. The release began with the Ripple (27) wallet receiving the full 500 million XRP, valued at around $1.1 billion. This triggered a series of rapid transfers as Ripple carried out its routine token rebalancing. https://twitter.com/whale_alert/status/1940181423396155545 Within minutes, 200 million XRP (worth approximately $440 million) was transferred to the address “rN8pqR,” followed by another 300 million XRP (valued at about $660 million) sent to “rKwJaG.” Despite these outflows, the Ripple (27) wallet still held 500 million XRP after the transactions. Continuing its monthly token management strategy, Ripple then locked 400 million XRP back into escrow. This re-locking was handled by the Ripple (15) wallet, which received two separate transfers of 200 million XRP from the addresses “rGKHDy” and “rHGfmg,” executed within minutes of each other. Ripple 1 billion XRP unlocks Since late 2017, Ripple has typically released one billion XRP from escrow each month. However, beginning earlier this year, the company began conducting internal transfers before formal unlocks. In March, Ripple created new escrows using existing XRP holdings, a pattern that has continued in recent months. Attention now turns to how XRP will react to the latest unlock. Notably, past releases have had little impact on the token’s price, which has generally moved in line with the broader cryptocurrency market . Regulatory developments, especially the ongoing Securities and Exchange Commission case nearing its conclusion, have had a greater influence. XRP price analysis At press time, XRP was trading at $2.17, down about 1% in the last 24 hours and 0.8% lower over the past week. XRP seven-day price chart. Source: Finbold From a technical perspective, XRP is trading below its 50-day simple moving average ( SMA ) at $2.27, signaling potential short-term weakness. However, it remains well above the 200-day average at $1.81, suggesting a positive long-term trend. The relative strength index ( RSI ) at 50.04 indicates neutral momentum, with no clear buying or selling pressure. Featured image via Shutterstock The post Ripple just unlocked 500 million XRP appeared first on Finbold .

2025-07-02 16:38

Andrew Tate’s cryptocurrency meme coin, Daddy Tate (DADDY), crashed to a new all-time low on July 1, hitting $0.0288, the lowest price for the Solana -based token since its launch. Despite the steep drop, 24-hour trading volume surged to $1 million, marking a 16.86% increase, suggesting that volatility is drawing in short-term traders even as long-term holders continue to bleed. Daddy Tate price 1-day chart. Source: CoinMarketCap DADDY is currently trading at $0.0296, down 87.47% from its all-time high according to CoinMarketCap . The token has seen a modest recovery from its lowest intraday price, but market sentiment remains weak. Daddy Tate all-time price chart. Source: CoinMarketCap At its peak, DADDY token reached a market capitalization of $120.69 million. As of July 2, its market cap has plummeted to just $17.79 million, placing it at #835 among all cryptocurrencies by total value. Whale concentration and DADDY tokenomics There are currently 69,826 unique wallet addresses holding DADDY, reflecting a strong community base despite the price decline. However, blockchain data from Solscan reveals that DADDY has a total supply of 599.63 million tokens, with the top 10 holders controlling 107.58 million tokens, or 17.94% of the circulating supply. Concerns exist among analysts about the potential for coordinated selling pressure or liquidity manipulation. Daddy Tate (DADDY) token distribution. Source: Solscan What’s next for Andrew Tate’s crypto? While Andrew Tate’s brand gave DADDY early momentum, the token has failed to sustain its value amid broader market fatigue and a lack of utility or roadmap beyond hype. The recent Daddy Tate price action has shaken confidence, particularly as many early investors now find themselves deep underwater. The post Andrew Tate’s cryptocurrency crashes to an all-time low appeared first on Finbold .

2025-07-02 13:09

The number of Bitcoin ( BTC ) addresses holding over $1 million surged in the first half of 2025, according to the latest findings from Finbold’s H1 2025 Cryptocurrency Market Report . Between January 1 and June 30, 2025, the total number of millionaire Bitcoin wallets increased by 26,758, rising from 155,569 at the beginning of the year to 182,327 by the end of June. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); From Q1 decline to Q2 BTC recovery Interestingly, the majority of that growth occurred in the second quarter. In Q1, the number of millionaire addresses actually declined by 13,942, dropping from 155,569 on January 1 to 141,627 on March 31. That decline included 12,687 fewer addresses holding $1 million and 1,255 fewer addresses holding over $10 million. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); However, Q2 delivered a sharp rebound. By June 30, the number of wallets holding at least $1 million had jumped to 161,839, an increase of 21,589 addresses in just three months. The number of $10 million+ addresses also saw a significant rise, up 5,169 over the same period, resulting in a net gain of 26,758 new millionaire wallets over H1. Bitcoin accumulation trend returns The resurgence in high-value wallet addresses reflects strong buying activity during market dips earlier in the year, as well as renewed institutional demand following the launch of U.S. spot Bitcoin ETFs . The April 2025 halving event, which cut block rewards from 6.25 to 3.125 BTC, also created bullish sentiment by reinforcing Bitcoin’s long-term scarcity narrative and saw the digital asset hit $111,970 on May 22, 2025. While each wallet does not represent a unique individual since some entities may control multiple addresses, the metric is widely used as a proxy for accumulation by wealthy investors, funds, and crypto-native firms. The addition of more than 26,000 new Bitcoin millionaires in just six months marks one of the strongest accumulation cycles since the 2021 bull run, potentially signaling broader market strength heading into the second half of the year. The post Over 26,000 new Bitcoin millionaires added in first half of 2025 appeared first on Finbold .

2025-07-02 12:44

The likelihood of a U.S. spot XRP exchange-traded fund ( ETF ) receiving regulatory approval by the end of 2025 has surged to nearly 100%, with several applications now under review. According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, the XRP spot ETF currently has a 95% chance of being approved by the Securities and Exchange Commission (SEC). In an X post on July 1, the analysts highlighted that XRP now ranks among the top digital assets most likely to secure spot ETF approval this year, joining Bitcoin ( BTC ) and Ethereum ( ETH ). Here are mine and @EricBalchunas ' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3 — James Seyffart (@JSeyff) June 30, 2025 Major issuers, including Grayscale, Bitwise, and Canary, have already filed applications for XRP ETFs, which the SEC formally acknowledged earlier in 2025. The final SEC decision deadline for XRP’s spot ETF is set for October 10, 2025. The Commission currently classifies XRP as a commodity, a crucial regulatory status that significantly boosts its approval odds. Impact of SEC case However, some observers suggest the SEC may be waiting for the conclusion of its long-standing legal battle with Ripple before moving forward with an approval. Both parties have shown interest in settling the case through a settlement. Ripple CEO Brad Garlinghouse has also expressed a strong desire to bring the matter to a close. For now, investors seeking exposure to a spot XRP ETF can look to Brazil and Canada, the only countries that have approved trading of such products . However, these ETFs have had little impact on XRP’s price so far, mainly due to the relatively small size of their financial markets. Meanwhile, other top crypto assets, such as Litecoin ( LTC ), Solana ( SOL ), and Dogecoin ( DOGE ), also have strong approval odds, each at 95%. XRP price analysis At press time, XRP was trading at $2.20, down 0.54% over the past 24 hours but up 0.75% on the weekly chart, consolidating within a familiar range. XRP seven-day price chart. Source: Finbold For XRP to ignite a sustained bullish run toward the $3 mark, it must decisively break above the $2.20 support level. A potential spot ETF approval could serve as a major catalyst for such a move. Featured image via Shutterstock The post U.S. spot XRP ETF approval odds near 100% mark appeared first on Finbold .

2025-07-02 12:22