Research Summary
The report discusses the potential rebound of Bitcoin in July, the first application for a Solana exchange-traded fund (ETF) in the US, and the launch of a Telegram channel for market updates. It also highlights the potential of Ethereum to attract $15B in net flows from ETPs in the first 18 months, the rise of Web3, and the launch of cmMETH and COOK. The report also mentions the launch of an introductory quest on Layer3 by Zero Network and the progress of Solana.
Key Takeaways
Bitcoin’s Potential Rebound
- Historical Pattern: The report suggests that Bitcoin has historically rebounded in July following a red June. This pattern is expected to repeat.
Solana ETF Application
- First in the US: VanEck has filed the first application for a Solana exchange-traded fund (ETF) in the US, indicating growing interest in the open-source blockchain software.
Ethereum’s Potential Attraction
- Significant Net Flows: The report predicts that Ethereum ETPs could attract $15 billion in net flows in their first 18 months on the market.
Web3 and the Rise of Machines
- Future of Internet: The report suggests that Web3 will belong to the machines, indicating a shift in the narrative of crypto’s next massive narrative.
Solana’s Progress
- Impressive Developments: The report highlights the impressive progress Solana is making, including the launch of Blinks and ZK compression.
Actionable Insights
- Monitor Bitcoin’s Performance: Given the historical pattern of Bitcoin rebounding in July, it may be beneficial to closely monitor its performance in the coming month.
- Research Solana ETF: With the first application for a Solana ETF in the US, it may be worthwhile to research this open-source blockchain software and its potential impact on the market.
- Consider Ethereum’s Potential: The predicted $15 billion in net flows from Ethereum ETPs in the first 18 months suggests a significant potential for growth. It may be beneficial to consider this in future investment strategies.
- Understand Web3: As Web3 is predicted to belong to the machines, understanding this shift and its implications could be crucial for future investment decisions.
- Follow Solana’s Developments: Given Solana’s impressive progress, keeping an eye on its developments could provide valuable insights for future investment decisions.
