Research Summary
The report discusses the recent developments in the crypto industry, focusing on the launch of SankoTools, a block explorer and analytics terminal for the Sanko L3, and the approval of the ETH spot ETFs. It also highlights the increasing political interest in crypto and the potential implications for the industry.
Key Takeaways
SankoTools Launch
- Introduction of SankoTools: SankoTools, a comprehensive block explorer and analytics terminal for the Sanko L3, has been launched. It provides a range of features to help users navigate and explore the Sanko ecosystem, including trending contracts, assets, and a TPS chart.
- Customizable Dashboards: Users can sign up for a free account to create custom Sanko dashboards for deeper analysis. The tool is expected to be continually upgraded and optimized as the Sanko ecosystem grows.
ETH Spot ETFs Approval
- ETH Spot ETFs Approval: The SEC has approved the ETH spot ETFs, leading to a significant increase in the price of ETH. However, the approval is slightly different from the BTC spot ETF approvals as they only approved 19b-4s filings not S-1s, meaning an SEC commissioner can challenge in the next 10 days.
- Market Reaction: The approval led to a knee jerk reaction in the market, with ETH closing up $590, its largest ever one-day gain, and adding $70bn to its market cap.
Political Interest in Crypto
- Increasing Political Interest: Crypto is increasingly being pulled into the political arena, with politicians using it as campaign fuel. The Biden Administration has stated that they are eager to work with Congress to create a “balanced regulatory framework for digital assets”, while the Trump administration announced that they are to accept Crypto Donations.
- Implications for Crypto: The increasing political interest in crypto could potentially turn longstanding US regulatory headwinds into tailwinds, which could be much bigger than spot ETH ETF approvals.
Actionable Insights
- Monitor the Development of SankoTools: As SankoTools continues to be upgraded and optimized, it could provide valuable insights into the Sanko ecosystem and potentially reveal new opportunities.
- Keep an Eye on Regulatory Developments: The approval of the ETH spot ETFs and the increasing political interest in crypto could lead to significant changes in the regulatory landscape, which could have major implications for the industry.
- Assess the Impact of Political Interest: The increasing use of crypto as campaign fuel could potentially influence public perception and adoption of crypto, which could affect market dynamics.
