Daily Crypto Signals: Bitcoin Holds Range, XRP ETF Approval Odds Surge to 85%
The cryptocurrency market experienced significant regulatory developments today as the SEC launched "Project Crypto" to modernize digital
Quick overview
- The SEC launched 'Project Crypto' to reform digital asset regulations, aiming for clearer market structures.
- Bitcoin continues to trade within a range of $115,000 to $121,000, despite recent volatility and institutional adoption.
- XRP's chances of ETF approval have risen to 85% due to new SEC listing standards that expedite the approval process.
- Interest in Solana liquid staking ETFs is increasing as major firms seek SEC authorization, indicating growing institutional confidence.
The cryptocurrency market experienced significant regulatory developments today as the SEC launched “Project Crypto” to modernize digital asset rules, while Bitcoin BTC/USD continues trading within its established range despite recent volatility. XRP ETF approval odds have climbed to 85% for September-October following new SEC listing standards that could expedite altcoin ETF approvals.
Crypto Market Developments
There were a lot of big changes in the digital asset world that changed the rules of the game. The Securities and Exchange Commission announced “Project Crypto,” a big plan to reform the rules for digital assets and put up clear market structures for cryptocurrencies. According to current data, there are now 100 buyers for every selling of Bitcoin treasury, which means that institutional adoption is continuing to grow quickly.
A big topic was regulatory clarity. SEC Chair Paul Atkins suggested simpler licensing regulations that would let brokerages offer more than one type of product under one license. The plan also includes rules that let early-stage crypto enterprises skip some regulations and guarantee people’s freedom to self-custody. Meanwhile, the crypto world got some bad news from India, where a CoinDCX employee was detained in connection with the exchange’s $44 million security breach. This shows that the industry is still having trouble with cybersecurity.
Bitcoin’s Rangebound Trading Between $115,000 and $121,000
The price of Bitcoin went down dramatically after the Federal Reserve’s FOMC minutes were released and Chair Jerome Powell said he would keep interest rates where they are. This showed that the market as a whole was uncertain. BTC is still trading in its established 18-day range between $115,000 and $121,000, even though it broke below the $116,000 support level. Analysts say a big breakout is still likely to happen soon.
Hyblock Capital’s technical analysis called the current price action a “liquidity hunt,” and classic hesitation candles appeared as the markets fluctuated between competing pressures. The liquidation heat map reveals that short positions are growing faster over $120,000, while long positions are at risk below $115,000. Even though prices have been going down, Bitcoin ETFs have seen $641.3 million in net inflows since July 23, which is a good sign for the long term. The new pro-crypto rules from the Trump administration and significant demand from institutions signal that while price changes may not happen right away, the groundwork for wider use is getting stronger.
XRP ETF Approval Odds at 85%
Eric Balchunas, a Bloomberg analyst, raised the chances of XRP’s ETF getting regulatory clearance to 85% for September-October 2025. This gave XRP’s XRP/USD chances of getting regulatory approval a big boost. This confidence comes from revised SEC listing rules that only require six months of futures trading on platforms like Coinbase’s derivatives market. The old review procedure for rule modifications took 240 days, but now it only takes 75 days.
The rules for XRP are getting better, and it looks like both Ripple and the SEC might abandon their appeals before the August 15 deadline for a status report. Legal experts, including former SEC lawyer Marc Fagel, think that if the appeals are thrown out, it will be one of the last big things standing in the way of XRP ETF approval. The new in-kind creation and redemption mechanisms make the ETF licensing process even easier by letting authorized participants utilize real bitcoin instead of cash. Prediction markets show that XRP has an 86% chance of getting clearance, and it has already met the six-month futures barrier. This makes the path to the first altcoin ETFs seem clearer.
Solana Liquid Staking ETF Interest on the Rise
Solana’s SOL/USD chances of being adopted by institutions got a lot better when big players like Jito Labs, VanEck, Bitwise, and Multicoin Capital Management officially asked the SEC to authorize liquid staking for Solana exchange-traded products. This change might make capital use much more efficient for ETP issuers by getting rid of the need to rebalance and lowering operational costs while also creating new ways to make money.
The liquid staking concept has many benefits, such as making the network more secure, giving investors more alternatives for products, and allowing for speedy rebalancing during massive constructions and redemptions with liquid staked tokens (LSTs). There are currently nine Solana ETPs waiting for judgments from the SEC. The liquid staking feature could provide them an edge over standard staking methods.
The plan doesn’t talk about concerns like smart contract weaknesses or depegging events, but the fact that institutions are backing it shows that they are becoming more confident in Solana’s infrastructure. The development is similar to other staking programs for Ethereum ETFs, and Nasdaq has filed applications for BlackRock’s iShares Ether ETF staking features. This suggests that the industry is moving toward more crypto investment products that generate income.
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