The annual growth rate of the U.S. core PCE price index in May hit a new low since March 2021

According to Odaily Planet Daily, the U.S. core PCE price index recorded an annual rate of 2.6% in May, the smallest increase since March 2021. At the same time, the U.S. core PCE price index recorded a monthly rate of 0.1% in May, the smallest increase since November 2023.

Fed’s Daly: Inflation data shows that it is cooling down, and the policy effect is in line with expectations

According to BlockBeats, on June 28, Fed President Daly said that inflation data showed that it was cooling down and the policy effect was in line with expectations. If inflation remains stable or falls slowly, interest rates will need to remain high for a longer time. If inflation falls or the labor market changes, the Fed can adjust its policy in a timely manner.

The U.S. Securities and Exchange Commission sues Consensys, the developer of MetaMask wallet

According to Odaily Planet Daily, the U.S. Securities and Exchange Commission has filed a lawsuit against Consensys, the developer of the MetaMask wallet.

21SHARES submits Solana ETF S-1 filing

According to Wu, 21SHARES has submitted the S-1 filing for the Solana ETF, according to Bloomberg news cited by Tree News.

3iQ submits Solana ETF application in Canada, may be traded on the Toronto Stock Exchange

According to ChainCatcher, asset management company 3iQ has submitted an application for the SOL ETF in Canada before the VanEck Solana ETF. If approved by the Ontario Securities Commission, the product will be traded on the Toronto Stock Exchange. 3iQ's product is a closed-end fund that offers a fixed number of shares, which is different from the way VanEck Solana ETF creates and redeems shares. Bloomberg Intelligence analyst James Seyffart said that 3iQ's Solana fund will be more similar to the Grayscale Trust product.

VanEck submits Solana spot ETF application, points out that concentrated ownership of SOL tokens may become an obstacle to approval

According to PANews, VanEck pointed out a specific risk not seen in other ETF applications in the Solana spot ETF application submitted, namely the concentrated ownership of SOL tokens. According to VanEck's documents, at the end of November last year, the largest 100 wallets containing SOL tokens held about one-third of the SOL in circulation. Due to this concentration of ownership, large-scale sales or distributions by such holders may have an adverse impact on market prices. Caroline Crenshaw, commissioner of the U.S. Securities and Exchange Commission (SEC), once listed the centralized ownership of Bitcoin as one of her reasons for opposing the approval of the spot Bitcoin ETF in January. However, Matthew Sigel, head of digital asset research at VanEck, expressed a different view, believing that the Solana network itself is decentralized. VanEck also listed many of the same risks in its Ethereum ETF application in the Solana ETF application. Earlier yesterday, the asset management agency VanEck submitted the first Solana ETF application in the United States.

The percentage of weekly active addresses on the Bitcoin network hit a new low, and the total number of active wallets reached a multi-year low

According to Odaily Planet Daily, IntoTheBlock's onchain data shows that the proportion of weekly active addresses on the Bitcoin network has dropped to a low of 1.22%, lower than the record set in November 2010. In addition, the total number of active wallets has also reached a multi-year low, with 614,770 weekly active addresses recorded on May 27, the lowest record since December 2018.

Bitcoin miners’ selling pressure weakens, and upward momentum may form

According to ChainCatcher, CryptoQuant's analysis points out that the selling pressure of Bitcoin miners is decreasing. If all the selling volume of miners is absorbed, it may form a situation where the upward momentum continues again.