Crypto Update | Will Solana and Altcoins Dominate the Market Next?

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Today on "Markets Daily," Helene Braun speaks with Eddy Gifford, a TACTIVE Wealth Advisor, who shares his insights on the potential impact of the ETF approval on Bitcoin and the market as a whole. They also discuss the recent passing of the FIT 21 bill and its significance for the crypto industry.

Takeaways |

The anticipation of the SEC's decision on the approval of a spot Ether ETF is driving the market, with expectations of a positive outcome leading to a potential surge in Bitcoin and Ether prices.
The approval of the FIT 21 bill is seen as a significant win for the crypto industry, as it establishes a regulatory framework that promotes widespread adoption and protects consumers.
The approval of a spot Ether ETF is expected to have a complementary effect on the spot Bitcoin ETF, rather than detracting from its momentum.
While Solana is seen as a logical next step for ETF approval, it may take some time for another coin to receive approval, and in the meantime, ETFs that include altcoins are more likely to be introduced.
Crypto is becoming increasingly important in the political landscape, with candidates and presidents recognizing its potential and the need to embrace technology and innovation.

LINKS |

CoinDesk 20

Tactive Wealth

Eddy Gifford, TACTIVE Financial Advisor

Ether Market Cap Adds Close to an Entire Solana Blockchain in a Single Day

Ether Spot ETF Approval Would Raise Expectations Solana Could Also Be Classified as a Commodity: Bernstein

Ether Jumps on Spot ETF Hopes; Hex Trust Issues Stablecoin on Flare

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This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez. Show notes may have been generated with the assistance of AI technology —all original music by Doc Blust and Colin Mealey.

HOSTS

Helene Braun

Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

Jennifer Sanasie

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.

Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.

She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under $1,000.