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Ether ETFs the Catalyst for Ethereum's Superiority Over Bitcoin?

K33 Research analysts predict that Spot Ether ETFs could boost ETH's performance against Bitcoin.

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Here's what we've got for you today:

  • Ethereum Predicted to Outperform Bitcoin After Spot Ether ETFs Launch

  • Bitcoin Could Hit $100K by November, Says Standard Chartered

  • Kamala Harris’ Odds of Winning Democratic Nomination Surge on Polymarket

  • Sydney Sweeney’s X Account Hacked to Promote Crypto Memecoin

K33 Research predicts that Spot Ether ETFs could boost ETH's performance against Bitcoin.

  • The anticipated launch of spot Ether ETFs in the U.S. is expected to have such a positive impact on ETH's performance that analysts predict it could potentially outperform Bitcoin in the weeks after their launch.

  • Vetle Lunde and David Zimmerman are convinced that these ETFs will be a massive opportunity for ETH's price, while Bitcoin faces potential selling pressure due to the return of $8.5 billion to creditors of the defunct exchange Mt. Gox.

  • Although ETH might initially falter post-ETF launch, analysts predict that subsequent inflows into these ETFs will likely lead to an impressive increase in ETH's price.

Standard Chartered predicts BTC could reach a new all-time high in August and hit $100,000 by the U.S. presidential election.

  • Standard Chartered Bank's head of forex and digital assets research, Geoffrey Kendrick, predicts a new all-time high for Bitcoin in August and $100,000 by November.

  • Kendrick's forecast is tightly linked to the U.S. presidential election, assuming Joe Biden remains in the race, which markets see as a good sign for a Trump victory.

  • Kendrick considers Donald Trump "bitcoin-positive," and even suggests there is a positive correlation between Trump's electoral chances and Bitcoin's price.

Supporters are calling on the vice president to step up after Biden's debate debacle.

  • On Tuesday, Kamala Harris' odds of becoming the Democratic nominee for president more than quadrupled to 31% on Polymarket, a crypto-based prediction market platform.

  • "Yes" shares in a contract asking whether Harris will get the nod traded as high as 31 cents, indicating that the market saw a 31% chance it will actually happen, up from 7% earlier in the day.

  • Despite President Joe Biden still being the presumptive nominee, some supporters are urging him to step aside in favor of Harris after his weak performance at last week's debate.

The X account of American actress Sydney Sweeney was hacked to promote a crypto token in an apparent pump-and-dump scheme.

  • The Solana-based token SWEENEY reached over $10 million in trading volume in just two hours after its launch on July 2.

  • A Telegram channel linked to the token, shared on Sweeney’s X account, took credit for the hack.

  • In now-deleted posts, the channel's administrator also claimed responsibility for recent hacks on 50 Cent and Hulk Hogan's X accounts, which were used to promote fake tokens as well.



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