Bitcoin’s Hot Summer, Solana ETF Momentum, and Connecticut’s Crypto Ban

Bitcoin is sizzling this summer, surging back to $110,000 amid optimistic predictions from figures like Michael Saylor, who argues that crypto winter is permanently behind us. But is this bullish enthusiasm a sign of strength or a setup for disappointment? Meanwhile, the SEC hints at an upcoming wave of altcoin ETFs, led by Solana, suggesting a busy fall ahead. At the same time, Connecticut makes headlines by banning state-level crypto investments, signaling ongoing tension between crypto adopters and skeptics. Plus, updates on crypto-friendly legislation advancing in Washington, and insights from Brian Quintenz’s confirmation hearing as incoming CFTC Chair.

Brought to you by:

Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.

To learn more, visit ⁠⁠⁠⁠⁠⁠⁠Grayscale.com⁠⁠⁠⁠⁠⁠⁠ -- ⁠⁠⁠⁠⁠⁠⁠https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)⁠⁠⁠⁠⁠⁠

Enjoying this content?

• SUBSCRIBE to the Podcast: https://pod.link/1438693620
• Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
• Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
• Join the discussion: https://discord.gg/VrKRrfKCz8
• Follow on Twitter:
• NLW: https://twitter.com/nlw
• Breakdown: https://twitter.com/BreakdownBW