Key Altcoin Developments to Watch This Week in Crypto 🚀
This week in crypto, several key developments stand out that could significantly influence the price and adoption of certain altcoins. Here, we explore the top three altcoins to monitor this week: Ethereum, XRP, and Cosmos, each poised at the brink of potentially market-shifting news.
#1 Ethereum: Next Big Step with US Spot ETF Approval?
The crypto community eagerly anticipates the approval of the first US spot Ethereum Exchange Traded Funds (ETFs), which could open the doors to new institutional investments. Nate Geraci, host of the ETF Prime podcast and co-Founder of the ETF Institute, forecasts that this approval could come through this week, marking a significant milestone for Ethereum.
- Nate Geraci predicts spot ETH ETF approval this week
- Bloomberg’s ETF specialist Eric Balchunas comments on the quiet on eth ETFs
- US SEC’s handling of S-1 registrations is crucial for Ethereum ETF launch
#2 XRP Lawsuit: Settlement Talks or Further Legal Battles?
Ripple Labs appears to be edging closer to a potential settlement in its long-standing legal battle with the SEC. Rumors suggest a private meeting scheduled between Ripple and the SEC on July 18, 2024, hinting at the possibility of resolving the legal disputes between the two parties.
- Rumors of potential settlement talks between Ripple and the SEC
- Bitrue’s ambassador hints at Ripple vs. SEC resolutions
- Official SEC announcement for a private meeting with Ripple
#3 Cosmos: Embracing Network Enhancements with V18 Upgrade
The Cosmos network is gearing up for a significant upgrade with v18, focusing on governance improvements and transaction streamlining. The introduction of permissioned CosmWasm and Dynamic Fee Module are set to revolutionize how smart contracts are deployed and transaction fees are managed on the network.
- Cosmos set to undergo v18 upgrade for governance and transaction enhancements
- Introduction of permissioned CosmWasm for smarter contract deployments
- Dynamic Fee Module aims to optimize transaction fees based on network congestion
Hot Take: Stay Tuned for Altcoin Action 🌟
This week promises to be an exciting one for altcoin enthusiasts, with Ethereum, XRP, and Cosmos all gearing up for potential market-altering developments. From ETF approvals to settlement talks and network upgrades, these altcoins are at the forefront of crypto news and could shape the market dynamics in the days to come. Keep a close eye on these top altcoins for potential price movements and adoption trends!
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