Crypto News: Solana ETF, Bitcoin to $150K, Texas Bitcoin Reserve

Key Developments in Crypto and Macroeconomics

Grayscale’s Solana ETF Public Comment Period Ends

The 45-day public comment period for Grayscale’s Solana ETF concluded on June 23, making the ETF eligible for approval at any time. For other applicants (21Shares, Bitwise, VanEck, Canary), the comment period ends on June 27, and for Franklin and Fidelity, it ends on July 28.

Bitcoin Forms “Inverse Head and Shoulders” Pattern

Bitcoin is forming an inverse “head and shoulders” pattern, targeting a potential price of $150,000. If the neckline is breached, a significant price increase could follow.

Top 10 Solana Blockchain Projects by Developer Activity

The most active projects on the Solana ecosystem over the past 30 days are: 1) $SOL, 2) $W, 3) $PYTH, 4) $DRIFT, 5) $NEON, 6) $JTO, 7) $IO, 8) $IOT, 9) $MPLX, 10) $SWARMS.

Senator Schiff Proposes COIN Act

Senator Adam Schiff introduced the COIN Act, aiming to prohibit the President, Vice President, and their families from engaging in crypto business, with penalties including fines and up to five years imprisonment.

FHFA Investigates Crypto’s Impact on Mortgages

Federal Housing Finance Agency (FHFA) Director Bill Pulte announced plans to study how cryptocurrency holdings affect mortgage eligibility.

Significant Whale Transfers in Altcoins

Crypto whales are actively transferring millions of dollars worth of altcoins, including PAX Gold, Space ID, Gala, Aethir, and Pendle, to exchanges, signaling possible upcoming sales.

Celestia Continues Development Despite Rumors

The co-founder of Celestia assured that the project remains actively developing, backed by a $100 million reserve and a strategic roadmap covering over six years, despite negative rumors.

ARK Invest Sells Circle Shares

ARK Invest, led by Cathie Wood, sold 415,844 shares of Circle worth $110 million through three of its funds: ARKK, ARKW, and ARKF.

Texas Creates State Bitcoin Reserve

Texas became the first U.S. state to establish a state-managed Bitcoin reserve, allocating $10 million for its creation. The reserve will be managed independently from the state’s general budget.

Texas Passes Cryptocurrency Seizure Law

Texas approved a law allowing authorities to seize cryptocurrencies related to crimes and store them in offline wallets. The law takes effect in September.

Grayscale Registers Space and Time Trust

Grayscale registered a new investment trust named Space and Time (SXT) in Delaware.

Ethereum Proposes Faster Transaction Confirmations

An Ethereum developer proposed reducing slot times from 12 to 6 seconds, effectively doubling the number of blocks. This would speed up transaction confirmations, improve DeFi operations, and reduce fees. Implementation is targeted for late 2026.

Federal Reserve Removes “Reputational Risk” from Oversight

The U.S. Federal Reserve removed “reputational risk” from banking oversight criteria, potentially reducing discrimination against legitimate industries, including cryptocurrencies.

Ripple Co-Founder Posts First Tweet in 14 Years

Arthur Britto, Ripple’s co-founder, tweeted for the first time in 14 years, using a “face without mouth” emoji. The Ripple community interprets this as a positive signal for XRP growth.

Anchorage Digital Integrates Uniswap

Anchorage Digital integrated Uniswap into its institutional wallet, Porto, enabling institutional investors to directly access DeFi functionalities from their wallets.

Iranian Foreign Minister Comments on Israel Situation

Iran’s Foreign Minister denied a truce agreement with Israel but expressed readiness to halt retaliatory actions if Israeli attacks cease. A final decision will be made later.