🚀Crypto enthusiasts, buckle up! The crypto market is buzzing with excitement as Ethereum ETF approvals seem just around the corner. Bitwise Asset Management's Katherine Dowling recently shared with Bloomberg that spot Ethereum ETFs are closing in on the finish line, with fewer regulatory hurdles after each S-1 form refiling. SEC Chair Gary Gensler's public statement about summer approvals has fueled optimism, with Polymarket betting markets assigning a whopping 90% probability of ETH ETF approval by July 26.🔥

This coincides with record-high Ethereum staking levels, with a staggering 28% of circulating supply locked in the Eth2 network. An additional 12% is tied up in smart contracts and cross-chain bridges, leaving only 60% of supply actively traded. This scarcity could amplify the impact of ETH ETF flows, potentially driving significant market movement.💥

Today's top movers include $PulseX, a decentralized exchange token, $OM, MANTRA DAO governance token, and $HEX, a blockchain certificate of deposit. Particularly in focus is $HEX coin, experiencing volatility due to market speculation and yield farming trends.

What are your thoughts on these developments? Share your insights in the comments below! Let's get the crypto conversation going! 🚀

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