A congressional nod to change a rule by the U.S. Securities and Exchange Commission set the stage for the approval of Ethereum spot exchange-traded funds (ETFs). According to Matt Hougan, Chief Investment Officer at Bitwise, such a development could push Ethereum (ETH) above last year’s price level of $4,900. Speaking on the Bankless podcast, Hougan said there could be a couple of billion dollars flowing into ETH ETFs if it was to happen, possibly seeing new all-time highs.

He was confident in the future of cryptocurrency ETFs and said he saw a diverse investor landscape. He would estimate, in one year from now, the market will be 30% Bitcoin, 50% mixed, and 20% Ethereum only. That will also increase the robustness of the market, and the potential to drive much higher returns will bring in many more professional investors.

He also added that the ETFs make the crypto market more legitimate; they might make it look more real and not something to imagine. All the lack of new product in the market and the accompanied real demand can make a big deal on the valuation of Ethereum.

Interview

Bitcoin operates on a decentralized network, eliminating the need for central authorities such as banks.

For individuals new to Bitcoin, acquiring a Bitcoin address is one of the initial steps. This article provides a comprehensive guide on how to get a Bitcoin address, ensuring a clear understanding of the process and the critical importance of securing digital wealth.

A Bitcoin address is a unique identifier that enables the receipt of bitcoin. Functioning similarly to an email address but for bitcoin transactions. A string of alphanumeric characters like “bc1qz2da7f9928hkmql2eghm58kqd1c0etfxk27a5v” is what individuals share with others to receive payments.

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1. Minu (MINU): 35%
2. StoryFire (BLAZE): 31%
3. ZELIX (ZELIX): 24%
4. Wisdomise AI (WSDM): 17%
5. VinuChain (VC): 16%

$10M – $100M MarketCap:

1. PolyDoge (POLYDOGE): 169%
2. Celsius Network (CEL): 118%
3. TomTomCoin (TOMS): 78%
4. Samoyedcoin (SAMO): 58%
5. Minativerse (MNTC): 48%

$100M – $1B MarketCap:

1. CorgiAI (CORGIAI): 32%
2. ArbDoge AI (AIDOGE): 28%
3. BounceBit (BB): 26%
4. MANEKI (MANEKI): 20%
5. Cartesi (CTSI): 19%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Toncoin (TON) has been in the news following big $1 million USD transactions that continue to impede its on-chain volume. According to CryptoQuant, since the value of Toncoin increased in 2024, the number of transactions has soared—a signal of investor interest from whales and an increase in network activities. With the price of the coin already surging to over $0.10 from the beginning of June, this week, activity surged again after the company announced a new project named Stars on June 12. This is a digital currency for frictionless purchases in the Telegram ecosystem. The social media channel, because of the announcement, says this has heightened the buzz, with a surge in the price of the Token. In addition, it has gained popularity due to the Telegram game community token and Cardano competitor Notcoin (NOT). During the last two months, its price has been on the upside to $6.35, ranking ninth in terms of market capitalization, now over $22 billion, temporarily moving above Cardano in the process.

CryptoQuant