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#SSG# Don't chase high, don't rush without knowing anything, SSX to SSG, you see what the normal price of SSX should be

🚨 The Solana Stock Index (@ssxcapital) treasury reaches $300k after a $100M $SSX donation by @uselesschad

$SSX breaking out! Long your longs.

Recently, there has been a noteworthy piece of news in the Crypto Assets market: the Litecoin (LTC) Spot ETF is likely to receive regulatory approval in October this year, with a probability as high as 85%-90%. This expectation has become the most promising among all the alts ETFs at present. Analysts point out that Litecoin is considered the most promising for approval mainly based on the following factors: first, Litecoin has clear commodity attributes and has not yet been classified as a security by the U.S. Securities and Exchange Commission (SEC); second, Litecoin has been operating securely for 14 years; finally, its technical architecture is similar to Bitcoin, both using the Proof of Work (PoW) consensus mechanism and decentralized design, which makes Litecoin subject to the least regulatory obstacles. Currently, the SEC is reviewing Litecoin ETF applications submitted by several institutions, including Canary Capital and Grayscale. Key approval dates are concentrated on September 26 and October 12. Bloomberg analysts indicate that the "substantial barriers" to ETF approval have basically been cleared. Another positive factor is the expected unified listing rules for cryptocurrency ETFs to be announced in September, which include market capitalization and decentralization standards. This is likely to further increase the chances of approval for the Litecoin ETF. Some institutions predict that once approved, the Litecoin ETF could attract $250-400 million in inflows in its first week. Of course, this prospect also carries some potential risks. For example, the SEC may temporarily delay approval due to concerns about systemic financial risks, although this possibility is considered to be less than 10%. In addition, if other competing coins such as Solana(SOL) or Ripple(XRP) receive ETF approval at the same time, it may also divert some of the capital inflows. For investors, it is recommended to closely monitor the relevant draft that the SEC may release in late September, and to take advantage of the opportunities brought by short-term market fluctuations for reasonable allocation.

Fed Chairman Powell will deliver an important speech at the Jackson Hole Annual Economic Policy Symposium tonight at 10 PM (Singapore time). This speech is highly followed as Powell will elaborate on his views on the economic outlook and potential future adjustments to monetary policy. The financial markets are closely watching this speech, hoping to catch signals of the Fed's future rate cuts. Currently, the market generally expects the Fed to announce a 25 basis point cut at next month's meeting. If Powell's remarks hint at the possibility of a rate cut, it could trigger a strong reaction in the market and even lead to a significant rise in the stock market. It is worth noting that President Trump has been publicly pressuring the Fed to adopt a more accommodative monetary policy. Trump is even considering finding a successor for Powell, as the latter's term will end in May next year. The results of this speech will not only affect traditional financial markets but may also have a significant impact on the cryptocurrency market. Investors are closely following this development to adjust their investment strategies in a timely manner.