3iQ recently submitted an application to Canadian regulators to launch the first Solana ETF in North America, with the stock code QSOL. This move marks the further development of Solana in the cryptocurrency investment market. According to Bloomberg analyst James Seyffart, this will be the first Solana ETF listed in North America. At the same time, Coinbase announced that it will become the custodian of the first Solana ETP in North America, which will also involve Solana staking services. 3iQ Corp will use Coinbase's institutional custody infrastructure to introduce Solana staking into the ETP field in Canada. This partnership will further enhance Solana's appeal among investors.

3iQ has filed a preliminary prospectus for an initial public offering of Solana QSOL in Canada. If approved by regulators, this will become the first Solana ETP to be listed in North America. This series of moves shows that Solana, as a blockchain platform, is gaining momentum in the cryptocurrency market. The introduction of ETFs and ETPs will not only provide investors with more investment options, but will also further promote the development of the Solana ecosystem.

Stablecoin transfer volumes have grown significantly over the past four years, with monthly transfer volumes increasing tenfold from $100 billion to $1 trillion. This data demonstrates the important position and rapid development of stablecoins in the cryptocurrency market.

As a crypto asset pegged to a fiat currency, stablecoins have become an important part of the cryptocurrency market due to their value stability. Their main uses include cross-border payments, decentralized finance (DeFi) applications, and trading pairs in exchanges. The widespread use and acceptance of stablecoins reflects the increasing market demand for them. This growth not only demonstrates the rapid expansion of the cryptocurrency market, but also shows that the market's trust in and dependence on stablecoins is gradually increasing. As the cryptocurrency market matures, the application scenarios of stablecoins as a bridge tool continue to expand, thereby driving the growth of overall transfer volume. In the future, as more traditional financial institutions and large enterprises enter the crypto market, the scope of application of stablecoins is expected to expand further.

Recently, analysts at BlackRock have warned that global central banks are forced to keep interest rates at pre-pandemic high levels under high inflation pressure, which will hit the Bitcoin and cryptocurrency markets. Specifically, Bitcoin has fallen by about 10% since it reached a high of $71,907 on June 7. Rising interest rates generally lead to a decline in the attractiveness of risky assets. Because in a high-interest rate environment, investors are more inclined to invest their funds in bonds and other fixed-income assets with more certain returns. BlackRock pointed out that the current macroeconomic situation is characterized by rising inflation, rising interest rates and slowing economic growth, which is likely to continue in the foreseeable future. This is undoubtedly a major challenge to the demand for high-risk assets such as Bitcoin.

In addition, U.S. Treasury Secretary Yellen also said that the Fed's long-term high interest rates will increase the difficulty of the U.S. fiscal control of deficits and interest payments, and may lead to the collapse of Bitcoin and other cryptocurrencies. In fact, this concern has been reflected in the market, and investor confidence has been hit. This was also confirmed by the remarks of Richmond Fed Chairman Barkin. He pointed out that the Fed needs to further clarify the inflation path before considering interest rate cuts, and the current policy positioning is good. In the current uncertain economic environment, the Fed's policy of keeping interest rates high may continue for some time.

The number of first-time unemployment claims in the United States last week was 238,000, slightly higher than the estimated 235,000, but lower than the previous value of 242,000. This data is slightly higher than market expectations, but overall, the change in the number of unemployment claims is relatively small, reflecting the relative stability of the job market.

The number of unemployment claims is an important indicator of the health of the job market. Although the number of claims of 238,000 was slightly higher than expected, it was still relatively low, showing the resilience of the labor market. Compared with 242,000 in the previous week, the decline this week shows the gradual improvement of the job market. Although the number of unemployment claims has declined, the overall economic environment remains challenging. Inflationary pressures, rising interest rates and uncertainty in the global economy may have an impact on the job market. Therefore, employment data in the next few months will be an important basis for judging the health of the economy.

The U.S. spot Bitcoin ETF saw a net outflow of 2,155 coins yesterday, worth $140 million.

BTC: It closed with an inverted hammer yesterday. The long upper shadow line indicates that the bulls pushed up the price yesterday, but failed to maintain the upward trend. Although the bulls failed to successfully push the price up sharply, their counterattack force cannot be ignored, which may indicate the exhaustion of the bears. There may be further declines in the short term, but the short-term decline is relatively limited. Now this position may usher in a wave of rebound after a few days of adjustment, and finally continue to bottom out. In the process of the bull market, long-term investors can still hold the currency without moving.

ETH: Linked to Bitcoin trend.

LISTA: There is a shortage of funds in the market, and existing funds are in a game of speculation. It is advisable to reduce positions to profit from the highs today.

The Fear Index is currently at 63 (Greed) #BTC走势分析 #美联储何时降息？