GM, frens! Our crypto journey might be strange and unpredictable, but it’s always evolving.

Just like our portfolio 🧠

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Today we’re talking about:

• 👴 SEC approves mini ETH ETF, will ETH finally PUMP?

• ⚡️ Solana is on a roll: new integrations announced

• 🔥 Outposts.io x Ambire: a mini campaign to boost your crypto experience! 🔥

• 🔫 Trump shooting effect on the crypto market

• 🪙 Stablecoins are on FIRE: what this means for crypto?

LFG!

SEC approves mini ETH ETF, will ETH finally PUMP?

The SEC just gave the green light to not one, but two mini Ethereum ETFs. That’s right, Grayscale's mini Ethereum spot ETF and ProShares Ethereum ETF are officially approved.

So, what does this mean for ETH? Are we about to see a massive pump?

Grayscale and ProShares are big names in the ETF game, and their entry into the Ethereum space could bring in a whole new wave of investors.

More demand means higher prices, right? Well, that's the theory 🤔

When more people want to get their hands on ETH (even indirectly through an ETF), it could drive the price up 🪙

So here's the million-dollar question then: will ETH finally pump with these new ETFs? The short answer is, it’s possible.

The long answer is, nobody really knows for sure. The crypto market is notoriously unpredictable 🤷

However, the approval of these ETFs is definitely a positive sign. It shows that major financial institutions and regulators are starting to take Ethereum seriously. If more investors start piling into these ETFs, it could create upward pressure on ETH prices.

Solana is on a roll: New integrations announced

Solana chain is on fire with some major ecosystem growth, thanks to new integrations with behemoths of tradfi payment solution industry.

Let’s talk about what’s making Solana the talk of the town this week 👇️

Big players joining the game: Stripe and PayPal

Stripe and PayPal jumping on the Solana bandwagon. These aren't just any companies; they're giants in the payment processing world.

• PayPal expanded its PYUSD stablecoin to the Solana network, while Stripe announced its support for payments on Solana 💵

• These integrations mean that businesses using Stripe can now accept Solana for payments, and PayPal users can easily buy, sell, and hold SOL.

These moves are part of a broader trend now, showing growing confidence in Solana’s network. Solana’s adoption is growing very rapidly.

Pumping is fun

Solana highlighted this growth by reposting a recent report by an analyst Peter Horton, showcasing the key partnerships and platforms driving the expansion 📈

Notably, pump.fun almost single handedly boosted network activity significantly and brought in $48 million in total fees for the quarter, helping increase traffic and engagement on Solana’s network.

Raydium, Solana’s biggest DEX, benefitted greatly from pump.fun’s success, with a 77% increase in average daily volume, hitting $867 million. This influx of activity also contributed to a 46% growth in Raydium’s TVL, bringing it to $991 million💰️

But before we get too carried away with Solana’s growth, let’s keep it real. Popular chains always seem invincible during their peak cycles.

Remember how everyone was hyped about BSC not too long ago?

The hype around Solana kinda feels like that. So, while it's cool to ride the wave, let’s stay smart and remember that the crypto world can flip the script pretty quickly 🧠

Outposts.io x Ambire: A mini campaign to boost your crypto experience! 🔥

We've got some exciting news to share. For all you Ambirers out there, we're rolling out a mini campaign with Outposts.io 🤝

Here’s the lowdown on what’s happening and why you should get involved 👇️

Ambire users are now whitelisted to use Outpost. 200 Outpost users can also claim an extension invite via Guild here.

Starting today, you can dive into the Outpost ecosystem using your Ambire wallet. Outpost is a platform designed to help you follow your favorite projects and get a biweekly newsletter covering the latest updates 🧐

This is a great opportunity to get in on the action and make the most of what Outpost and Ambire have to offer!

Trump shooting effect on the crypto market

There’s been a lot of buzz around the recent incident involving Donald Trump and how it impacted the crypto market.

Market reaction

• Following the news of the Trump shooting, Bitcoin saw a significant surge, climbing above $62.5K📈

• This jump happened as traders speculated about increased political instability and potential economic shifts.

Investors see Trump as a pro-crypto figure, and any news about him seems to light a fire under Bitcoin’s price.

The shooting also spiked interest in altcoins and political betting markets.

• PredictIt saw a rise in "Yes" shares on Trump winning the presidency, with prices jumping from 10 cents to 70 cents💰️

• This shows a 70% chance of Trump winning, according to market sentiment at least. Meme tokens like MAGA also saw a significant pump.

Recently, Trump has been pushing for Bitcoin as a strategic reserve asset for the US Treasury, this is something that’s gaining traction among BTC maxis.

A wild ride ahead

It’s pretty wild how crypto and politics are becoming so intertwined.

This recent incident with Trump shows just how much political events can shake up the crypto world. It’s not just about the money moves 👉️ it’s about how political actions can influence the value and perception of digital currencies.

And the reverse is true too - crypto is starting to play a role in shaping political strategies and narratives. This back-and-forth between crypto and politics is something we'll definitely see more of, and it's super interesting to watch unfold 👀

Stablecoins are on FIRE: What this means for crypto?

So, stablecoins have been flipping positive recently, and that's a big deal for crypto 👇️

• Investors usually park their funds in stablecoins to avoid the crazy volatility. Now that these stablecoins are on the rise, it signals that they’re getting ready to jump back into the market.

• This is awesome news for Ethereum and alts, as it means more buying power and potentially higher prices.

Capital inflows and market dynamics

Tether (USDT) is of course leading the charge, holding around 70% of the stablecoin market cap 🤔

This isn't just about money sitting in stablecoins; it’s about that money getting ready to be deployed into assets like L1s and various alts 🫰

And while BTC is also proabably going to see some gains, Ethereum's use in DeFi projects, NFTs, and more makes it a key player to watch.

Despite the recent significant BTC sell-offs by the German government since June, the stablecoin market cap has remained stable.

Other worthy reads

Additional headlines from this week by Salazar:

Polymarket gets 24/7 coverage on MSM, is this the adoption we wanted?

Some good T.A. from Res:

MEMES

That's all for now, frens.

We'll meet again in a week! And remember, the market conditions are temporary, but our commitment to building a better Web3 is here to stay. Thanks for joining us, and we look forward to seeing you back next week. Cheers!

Yours, The 🔥 Team

Brought to you by Ambire: The Only Web3 Wallet That You’ll Need