The crypto market has rebounded for several consecutive days, and it is basically confirmed that the recent correction has ended. Bitcoin once approached the $65,000 mark, with a 24-hour increase of more than 5.5%. Other crypto assets also showed a general upward trend.
Last night, the crypto market welcomed several positive events. Trump, the current leading US presidential candidate, nominated Ohio Senator JD Vance as his vice presidential running mate for the 2024 election at the Republican National Convention last night. JD Vance himself appears to be a crypto-friendly person, and according to his 2022 financial disclosure, as of 2022, he owns between $100,001 and $250,000 worth of Bitcoin, which he holds through Coinbase. This news is a huge boon for the crypto industry.
According to the latest news last night, the Ethereum spot ETF has been set for listing, which should be on July 23. In addition, the US Bitcoin ETF has had net inflows for seven consecutive days, with the final inflow on July 15 reaching as much as $301 million.
1) After Trump released the “FEAR NOT” news, the related Meme coin increased by more than 320 times in 24 hours
Concept coin: $FEARNOT
After Trump posted the "FEAR NOT" dynamic on social media, the meme coin of the same name rose more than 320 times in 24 hours. The market value of the coin on Solana and Ethereum networks has exceeded 2 million US dollars. In addition, Trump's dynamics may be related to the shooting on the 15th. However, the token has high risks, including low liquidity and high price volatility.
2) US Republican Vice Presidential Candidate JD Vance Holds Up to $250,000 in Bitcoin
Concept currency: $BTC
Fox Business reporter Eleanor Terrett posted on X that according to Trump's latest financial disclosures, his vice presidential candidate @JDVance1 holds more than $100,000 to $250,000 in Bitcoin through Coinbase. 
3) Bloomberg ETF Analyst: SEC requires Ethereum ETF issuers to submit final S-1 filings on Wednesday
Concept currency: $ETH
Eric Balchunas, Bloomberg ETF analyst, wrote on the X platform: "It is reported that the SEC finally responded to the issuer today, requiring them to return the final S-1 document (including fees) on Wednesday and then apply for effectiveness after the close of Monday so that it can be issued on Tuesday, July 23."
4) BlackRock CEO: Bitcoin is a legal financial instrument
Concept currency: $BTC
Larry Fink, co-founder and CEO of BlackRock, said in an interview with CNBC: "I was a Bitcoin skeptic, but then I studied Bitcoin, learned about Bitcoin, and then found that the views over the past five years were all wrong. I'm not saying that Bitcoin won't be abused like other things, but it is a legitimate financial instrument that allows you to get returns that may be unrelated and non-correlated."
5) Greeks.live: Crypto market rises significantly due to ETH ETF, but option IV remains low
Concept currency: $ETH
Greeks.live analyst Adam YuX said in a post that the ETH ETF will be launched next Tuesday. Stimulated by the good news, ETH rose by 8%, driving the entire crypto market to rise significantly. The sharp rise in the price of the currency has also led to a simultaneous rise in the IV of each term. The increase in the implied volatility of BTC has even exceeded that of ETH, but both are still at a relatively low level. This month, we have mentioned in our tweets many times that the positive news about ETH will stimulate the market. The low IV market is very suitable for buyers. Now the IV of options is still low, and the buyer's cost performance is still high.
Today, multiple doomsday call options rose by more than 1,000%. The main transactions throughout the day were mainly active purchases of call options, accounting for more than half of the trading volume.
6) QCP Capital: Maintain a medium-term bullish view, the crypto market is ready for a rebound
QCP Capital released a market analysis showing that the attack on Donald Trump last weekend triggered a rebound in cryptocurrency prices, and the strong upward momentum continued into Monday's Asian session. The entire trend seemed to be due to the market's pricing of Trump's victory in the upcoming election (similar to Reagan's performance after the assassination attempt in 1981), which is beneficial to cryptocurrency prices because Trump publicly supports cryptocurrency.
QCP Capital said the market was ready for a rebound because the German government had exhausted its supply and large hedge funds actively bought call options last week, and the attack on Trump was the perfect trigger for the market to be eager to long. Given the continued large demand for BTC spot ETF inflows and the upcoming ETH spot ETF as a catalyst, QCP Capital maintains a medium-term bullish view.
