Good morning. The Nasdaq stock exchange launched in 1971 as the world’s first electronic market—but at first, it didn’t even allow trading, just price quotes.

Basically, it was TradingView… before you could click "Buy."

-Jonathan Kibbler, Pat Lewis, Shaun A

MARKETS

Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.

TRADER INSIGHTS

As retail forex traders we often get into trades on setups alone.

But what if you’re buying the weakest currency and selling the strongest?

That’s a clear recipe for failure.

Using a currency strength meter, we can see what’s really moving and which currency has momentum or lack of behind it.

This week’s analysis will reveal the strongest and weakest currencies to stay on the right side of the trend.

A currency strength meter is a tool that measures the relative strength of individual currencies by analysing the trend movements across multiple currency pairs.

Why do they work:

- Visual Clarity: Instantly see what’s strong or weak without scanning dozens of charts.

- Smart Filtering: Avoid trades with two equally strong or weak currencies.

- Fundamental alignment: It can often reflect underlying macro trends after they start.

It can help you make more informed decisions.

The strongest currencies include the EUR +6, CHF +6, and GBP +5.

The weakest currencies include the JPY -3, CAD -4, and USD -5.

Pairing the strongest currencies against the weaker ones we could be looking for setups on EURJPY, EURCAD, EURUSD, CHFJPY, CADCHF, USDCHF, GBPJPY, GBPCAD and GBPUSD.

USDCHF puts the weakest currency against the strongest, which tells me this chart is in a downward trend. Confirmed by the price action on the chart.

Now the price has traded through the key support level of 0.8100, we can look for opportunities on the sell side if the price forms a new lower high.

The trend line resistance could also be a point where traders look to trade short.

A currency strength meter helps to identify flows as early as possible. If we can combine this type of analysis with fundamental and technical, then we are adding further confluence to our trades.

-Jonathan Kibbler

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CRYPTO

Good news to SOL hodlers: The market is on the verge of a significant milestone as analysts predict the first Solana spot exchange-traded fund (ETF) with staking functionality could begin trading as early as this week.

Bloomberg ETF analyst James Seyffart revealed in a June 30 social media post that the REX-Osprey SOL + Staking ETF appears poised for imminent approval after REX Shares announced the product was "coming soon" on June 28.

This potential launch represents a major breakthrough for cryptocurrency investment products, marking what would be the first U.S. listed ETF to combine direct Solana exposure with staking rewards. Unlike traditional crypto ETFs that just track asset prices, this innovative product would allow investors to benefit from both SOL's price movements and the passive income generated through the network's proof-of-stake mechanism.

The path to approval involved clever regulatory navigation by REX Shares, which opted to file under the '40 Act structure rather than the more common 19b-4 framework used by most cryptocurrency ETFs. This approach established the fund as a C corporation rather than a standard investment trust, creating a regulatory workaround that appears to have accelerated the approval process. ETF Store president Nate Geraci said that the SEC seems to have overcome its initial reservations about the product, suggesting regulators have grown more comfortable with complex cryptocurrency investment vehicles.

The market’s reaction to the news has been immediately positive, with Solana's price rising 2% to surpass $155 while trading volume jumped 45% to $3.66 billion. This enthusiasm shows the growing institutional interest in SOL, and suggests investors are positioning themselves ahead of what could be a transformative development for crypto adoption. The potential approval comes at a time when cryptocurrency ETFs are demonstrating remarkable resilience, with Bitcoin ETFs recently marking their third consecutive week of positive inflows despite broader market fluctuations.

The experts in the room think this could establish an important precedent for future cryptocurrency investment products. Bloomberg senior ETF analyst Eric Balchunas observed that REX Shares appears determined to bring their product to market ahead of competing Solana ETF proposals, recognizing the significant first-mover advantage at stake. The company recently filed correspondence with the SEC seeking confirmation that all regulatory concerns had been addressed, signaling their preparation for an imminent launch.

The REX-Osprey SOL + Staking ETF's structure represents an innovative fusion of traditional finance and blockchain technology. By offering exposure to Solana's price performance while also providing access to staking rewards, the product bridges the gap between conventional securities and decentralized finance. This dual-benefit approach could appeal to both institutional investors seeking regulated crypto exposure and retail investors looking for simplified access to staking yields that were previously only available to those comfortable managing their own digital wallets.

Market participants will be watching closely for official announcements that might confirm the REX-Osprey SOL + Staking ETF has received final regulatory approval. The product's success could encourage other asset managers to develop similar offerings, potentially leading to a new wave of innovative investment products that further bridge the gap between traditional finance and decentralized networks. For now, all eyes remain on the SEC's final decision and the potential launch of what could become one of the most compelling cryptocurrency investment vehicles since the introduction of Bitcoin ETFs earlier this year.

The timing appears almost perfect for SOL, with the technology gaining increasing recognition for its high-speed transactions and low-cost structure. The combination of price tracking and staking rewards in a regulated package could make this ETF uniquely attractive to investors seeking comprehensive exposure to the cryptocurrency's ecosystem. As the market continues evolving, products like this staking-enabled Solana ETF may become increasingly common, potentially transforming how both institutional and retail investors incorporate blockchain-based assets into their portfolios.

While the exact launch timeline remains uncertain, the overwhelming consensus among analysts suggests the cryptocurrency investment landscape may be on the verge of another significant expansion. The potential approval of this innovative financial instrument represents more than just another crypto ETF - it could signal growing regulatory comfort with complex blockchain functionalities and open new avenues for investor participation in decentralized networks through traditional financial products.

-Pat Lewis

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ANSWER

Answer: Cryptocurrency