Takeaways from the SEC Roundtable and Privy Acquisition | Weekly Roundup

Bullish:

• $SOL - Potential approval of Solana ETFs this summer could be a significant positive catalyst for SOL.

  • “BlockWorks had a big scoop this week, which is that the, the SEC is now asking Solana ETF issuers to submit amended s one forms within the next week, which obviously sets the ETFs on a path to approval, probably this summer, maybe by end of end of summer or something like that.”

    Santi·53:49
• $DEFI - DeFi tokens significantly outperformed other crypto sectors following recent regulatory comments.

  • “DeFi tokens went up 14% on the speech. Again, DeFi tokens went up 14%. Relate everything went up a little bit. But l twos, memes, gaming, l ones, AI, everything went up between, like, two to 6%, and DeFi ripped higher to four went up 14%.”

    Santi·9:46
• $AAVE - AAVE is gaining traction due to its fundamentals and 'buy and burn' narrative.

  • “I think it's been, catching a bid on the buy and burn narrative and fundamentals like Maker and Aave.”

    Jason·10:11
• $XRP - XRP is speculated to be the next cryptocurrency to receive ETF approval after Solana.

  • “My guess is the next ETF after SOL will be XRP.”

    Santi·55:01

Bearish:

• $SGCRYPTO - Singapore's regulatory crackdown on crypto exchanges could negatively impact crypto businesses in the country.

  • “Singapore's regulatory crackdown forces crypto exchange to plan an exit. Singapore tapped the brakes on crypto. Who could who could race ahead? Singapore order leads unlicensed crypto exchanges to way exit.”

    Santi·5:59