Crypto markets generally fall, but TRX rises alone as investors remain cautious during this super earnings week

Investors remained cautious before the dense economic data and corporate earnings reports this week. US stocks on Monday (7/28) were light in trading, with the S&P 500 and Nasdaq indices closing with little change but both reaching new historical highs. Cryptocurrencies generally declined, with the overall market dropping 2.12% in 24 hours. The SEC postponed the approval decisions for the Truth Social Bit ETF and Grayscale Solana ETF. Among the top 10 cryptocurrencies by market cap, only TRX rose. Justin Sun's TRON reserve company applied for a financing limit of $1 billion, with its stock price rising an impressive 13%! The cryptocurrency market declined, with the overall market dropping 2.12% in 24 hours, and $423 million in positions were liquidated, with the fear and greed index falling to 67. The SEC postponed the approval decisions for the Truth Social Bit ETF and Grayscale Solana ETF. Although this is routine and a necessary process before a new product's official launch, it became another reason for market pullback in the absence of more positive news driving price increases. The US Securities and Exchange Commission (SEC) delayed approval of the Truth Social Bit ETF issued by Trump Media & Technology Group. The commission believes it is appropriate to take more time to consider the proposed rule changes and the issues raised, postponing the decision to September 18. The SEC also postponed the Grayscale Solana Trust decision to October 10. Several companies are competing for SEC approval to list and trade SOL ETFs, including Canary, Bitwise, 21Shares, and VanEck. Among the top 10 cryptocurrencies by market cap, only TRX rose. Justin Sun's blockchain platform TRON was officially listed on Nasdaq last week, with Sun ringing the opening bell! TRON submitted a document to the SEC to issue up to $1 billion in hybrid securities, including common stocks, preferred stocks, debt instruments, and warrants, to purchase more TRX. TRX rose slightly by 0.5% yesterday, while TRON rose an impressive 13% when most crypto reserve stocks like MSTR, BMNR, and SBET declined. Risk Warning: Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.