Solana (SOL) is staging a potential comeback, rebounding 1% to $187.43 after triggering a TD Sequential buy signal at $178. This technical indicator, widely used to identify trend reversals, has sparked renewed bullish sentiment among traders, especially as SOL consolidates above the key $180 level. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big The 4-hour chart shows diminishing bearish momentum, with candlesticks losing strength—an early sign that sellers are losing control. A green arrow under the final bearish candle, coupled with a black arrow confirmation, adds credibility to the bullish thesis. Solana’s Price action is forming higher lows, suggesting strength is building for a possible breakout toward $188–$190. However, SOL’s bullish narrative is tempered by growing internal tension in the crypto space, especially with growing security concerns. SOL’s price records a slight bearish deviation on the daily chart following a rebound from critical support. Source: SOLUSD on Tradingview  Ethereum-Based Scams Threaten The Solana Ecosystem Integrity? Community sentiment has turned cautious after warnings from prominent Solana contributor Dean Little. He flagged the risk of Ethereum “grifters” exploiting Solana’s fast and affordable infrastructure for scams, potentially undermining trust and driving away long-term users. This concern isn’t unfounded, Solana has seen its daily active addresses fall by 16% in the past week, with DeFi total value locked (TVL) dipping 8%. Though July was strong, with $9.85B TVL and $82B in DEX volume, signs of cooling engagement have coincided with SOL’s price retracing from its $206 high. Traders Eye Breakout as Sentiment and Technicals Collide Despite the volatility, the TD Sequential buy signal has provided a technical lifeline. SOL is holding the 20-day EMA near $178, a key dynamic support. Retail long positioning has surged, and open interest is rising, suggesting that traders are preparing for a move. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? As SOL battles for control above $180, a sustained close above $190 could reignite momentum. Still, with Ethereum-based scams casting a shadow, traders must stay woke. The next few sessions could determine whether Solana’s bullish setup leads to a breakout, or succumbs to broader distrust. Cover image from ChatGPT, SOLUSD chart from Tradingview Source: newsbtc.com (Read Full Article)

A fresh move by the SEC could clear the path for the first US spot ETFs tracking altcoins like XRP. Traders and investors are watching closely as new rules aim to speed up approvals by late 2025. This change comes just months after in-kind creation and redemption for crypto ETPs won the regulator’s blessing. Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert New Listing Standards Open Door According to the recent filing of the US Securities and Exchange Commission, any coin with at least six months of futures trading on a platform such as Coinbase’s derivatives exchange can qualify for an exchange-traded product. The six-month rule replaces a longer review process that could stretch into 240 days. Instead, exchanges can use a 75-day window once they file a rule change. This shift aims to simplify the path for an XRP ETF and similar products. The SEC’s “Listing Standards” for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase’s derivatives exchange would be approved (below is list). It’s about a dozen of the usual suspects, the same ones we had at 85% or… https://t.co/QlzZnta7Yv pic.twitter.com/CmBr8XxAcM — Eric Balchunas (@EricBalchunas) July 30, 2025 Developments around in-kind creation and redemption also matter. Based on reports from crypto lawyer Bill Morgan, this change lets authorized participants create or redeem ETF shares using actual cryptocurrency rather than cash. The revision slashes settlement costs and lines up crypto products with how gold and other commodity ETPs work. Market makers can now back ETFs with real tokens, cutting out extra steps. XRP ETF Odds Climb Bloomberg analyst Eric Balchunas has put the chance of an XRP ETF approval at 85% for September or October 2025. He notes that once the six-month futures threshold hits for assets like XRP, Dogecoin and Solana, the path becomes much clearer. Prediction markets back his view, showing odds near 86% even after procedural delays. Balchunas and his team have tracked every filing and rule tweak. They say these updated listing standards are the last major barrier. With futures already trading for multiple altcoins, issuers need only get the final green light from the SEC. That could happen by early fall, he suggests. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Ripple Lawsuit And Deadlines A key hurdle remains the legal fight between Ripple and the SEC. Based on reports, both sides may drop appeals ahead of an August 15 status report deadline. If that happens, it would remove a major overhang on XRP ETF applications. The SEC has already extended Franklin Templeton’s review through the end of 2025, but this new filing hints those long waits might wrap up sooner. Legal experts like former SEC lawyer Marc Fagel believe a dismissal of appeals would clear one of the last big obstacles. Then only final SEC sign-off would stand between issuers and live trading. Featured image from Meta, chart from TradingView Source: newsbtc.com (Read Full Article)