● VanEck submits Solana Trust fund application, the first Solana ETF applied for in the United States
According to Odaily Planet Daily, according to market news, VanEck submitted an application for the Solana Trust Fund. Matthew Sigel, head of digital asset research at VanEck, said that he had applied to the U.S. Securities and Exchange Commission (SEC) for the Solana ETF. This new fund, named VanEck Solana Trust, is the first Solana ETF applied for in the United States. He said: "The function of the native token SOL is similar to other digital commodities such as Bitcoin and Ethereum. It is used to pay transaction fees and computing services on the blockchain. Like ETH on the Ethereum network, SOL can be traded on digital asset platforms or used for peer-to-peer transactions."
According to BlockBeats, JPMorgan analyst Nikolaos Panigirtzoglou said in a report on Wednesday that Gemini Earn's creditors may have recently liquidated some of the crypto assets they received. Mt. Gox creditors also face similar downside risks in July. "Assuming that most of the liquidation of Mt. Gox creditors occurs in July, cryptocurrency prices will be further pressured in July, but will rebound from August." On the other hand, FTX's cash repayment amount is estimated to be approximately US$14 billion to US$16 billion, which is expected to be repaid shortly after the liquidation plan is finally approved on October 7. Analysts said that these repayments from FTX may support the cryptocurrency market, and cryptocurrency native creditors may reinvest funds in assets.
Miners have sold more than $1 billion worth of Bitcoin this year, which appears to be a record number, said James Butterfill, director of research at CoinShares, Foresight News reported. However, this number is misleading because at the same time, miners are also producing record amounts of Bitcoin. Proportionally, miners have sold less Bitcoin as a percentage of total Bitcoin holdings, at 1% so far this year compared to 2% in 2018 and 2015.
● 21Shares files new 8-A12B filing for its spot Ethereum ETF
According to BlockBeats, on June 28, 21Shares official news revealed that the company submitted a new 8-A12B document for its spot Ethereum ETF.
● The US SEC Chairman expects the spot Ethereum ETF to be listed as early as September
According to Golden Finance, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), recently said that he expects to see the listing of the spot Ethereum ETF as early as September.
According to Odaily Planet Daily, the United States released a number of economic data. Among them, the final value of the annualized quarterly rate of real GDP in the first quarter of the United States was 1.4%, which was expected to be 1.3% and the previous value was 1.3%. The final value of the quarterly rate of real personal consumption expenditure in the first quarter of the United States was 1.5%, which was expected to be 2% and the previous value was 2%. The final value of the annualized quarterly rate of the core PCE price index in the first quarter of the United States was 3.7%, which was expected to be 3.60% and the previous value was 3.60%.
● Binance will take measures to combat account abuse to maintain compliance and market credibility
Binance will take measures to combat account abuse to maintain compliance and market credibility. Binance pointed out in the announcement that the Binance platform provides a variety of account types, including sub-accounts, custody sub-accounts and fund management accounts, which play an important role in various applications. However, these features may also be exploited by bad actors to try to circumvent their control measures to obtain or sell account access to obtain more favorable rates and higher API limits. In addition, any behavior involving unauthorized access to other user accounts violates Binance's Terms of Use and KYC/KYB Policy. Binance will investigate all potential or suspected abuse incidents and take appropriate measures to correct the abuse when necessary, including but not limited to suspending or terminating the use of relevant accounts. In addition, Binance has established a reporting abuse channel for users to report any account abuse incidents they encounter. For any verified account abuse cases, the official will provide rewards, and the amount of the reward will depend on the specific circumstances.
● Bolivia lifts ban on Bitcoin and other cryptocurrencies, allows banks to trade
According to PANews, Bolivia has lifted the ban on Bitcoin and other cryptocurrencies, which came into effect in December 2020. On June 26, the Central Bank of Bolivia (BCB) officially announced that banks can now conduct cryptocurrency transactions. Although cryptocurrencies can now be traded through authorized electronic channels, the Bolivian Central Bank reminds citizens that cryptocurrencies are not considered legal tender.
