🌐 Market & Industry Highlights
1. Crypto Maturing: “Get Rich Slow” Over Hype
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The crypto world is shifting from speculative, high-risk “get-rich-quick” schemes to long-term wealth-building strategies.
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Coinstash co-founder Ting Wang says the "crypto degen" era is fading as more traditional investors enter, favoring steady returns (e.g., 30%+ year-over-year) over overnight gains. Coinstash recently raised $4.7M for platform expansion and user growth .
2. Ripple Eyes U.S. Banking License
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Ripple has applied for a national bank charter and Federal Reserve master-account access.
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This major regulatory push for its stablecoin, RLUSD, aims to enhance transparency, strengthen compliance, and draw institutional investors .
3. First Solana Staking ETF Hits U.S. Markets
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The REX‑Osprey Solana + Staking ETF (SSK) launched July 2 on Cboe.
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Unique for enabling direct staking with an estimated 7.3% annual return, though carries a 1.4% expense ratio—higher than typical Bitcoin/Ethereum ETFs .
📈 India & Global Regulation Developments
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India is poised to release a crypto policy discussion paper in July, aiming for clearer regulation amidst surging adoption (107M+ users) and a $6.4B market .
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Internationally, Ripple’s banking moves reflect broader regulatory trends—as crypto firms seek legitimacy and shore up frameworks .
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