● SEC to make decision on Ethereum spot ETF this week
According to PANews, ETF Store President Nate Geraci posted on X that the SEC will make a decision on the Ethereum spot ETF this week. The SEC must approve both 19b-4 (changes to trading rules) and S-1 (registration statement) before the ETF can be launched. Technically, it is possible that the SEC will approve 19b-4s and then slow down the approval of S-1, especially considering the lack of participation.
● Bitcoin spot ETF outperforms the top 14 ETFs, with total assets exceeding US$3 trillion
According to Odaily Planet Daily, HODL15Capital monitoring data shows that the total assets of the top 14 ETFs exceed 3 trillion US dollars, but since the beginning of the year, their performance has not been as good as Bitcoin spot ETFs. These Bitcoin spot ETFs include BlackRock's IBIT, Fidelity's FBTC, ARK 21Shares' ARKB and Bitwise's BITB.
● Tether (USDT) market value exceeds Chubb and Ping An Insurance, ranking 153rd in global asset market value
According to ChainCatcher, 8MarketCap data showed that Tether (USDT)'s market value reached US$111.45 billion, and its global asset market value ranking rose to 153rd, surpassing Chubb and Ping An Insurance.
● About $1.3 billion of PYTH and other tokens will be unlocked this week
According to PANews, Token Unlocks data shows that this week, PYTH and other tokens will usher in a one-time large-scale unlocking, with a total release value of about US$1.3 billion. Among them, Pyth Network (PYTH) will unlock about 2.13 billion tokens on May 20 (hereinafter referred to as Eastern Time Zone 8), accounting for 141.67% of the circulation, worth about US$943 million. Avalanche (AVAX) will unlock about 9.54 million tokens on May 22, accounting for 2.49% of the circulation, worth about US$347 million. SPACE ID (ID) will unlock about 18.49 million tokens on May 22, accounting for 4.29% of the circulation, worth about US$13.7 million. Euler (EUL) will unlock about 4.66 million tokens on May 24, accounting for 0.34% of the current circulation, worth about US$370,000. Acala (ACA) will unlock about 4.66 million tokens on May 25, accounting for 0.48% of the current circulation, worth about US$500,000.
● The U.S. Department of Justice’s review of public chain activities has attracted attention
According to WuSay, Galaxy researcher Christine Kim said that the U.S. Department of Justice's prosecution of the Peraire-Bueno brothers for stealing funds from the MEV robot by exploiting a vulnerability in the MEV-Boost relay software shows the importance the Department of Justice attaches to public chains and the value they create. In making these charges, the Department of Justice believes that the Ethereum protocol is a legitimate financial system used by millions of people around the world, and its rules and codes of conduct are protected to a certain extent by U.S. law. However, the Department of Justice is not committed to maintaining the decentralized, permissionless innovation and censorship-resistant values of blockchain. When the Department of Justice takes action against certain types of activities and behaviors on the chain, they do so based on their subjective claims about how the public chain should operate and who should be allowed to use it. This behavior has raised concerns because these cases indicate that there may be more types of on-chain activities that may be permitted according to the code but may be criminalized under U.S. law.
● The Fed's balance sheet has dropped to $7.3 trillion
According to ChainCatcher, data from the Federal Reserve's official website showed that as of May 14, the size of the Federal Reserve's balance sheet had dropped to around $7.3 trillion, now at $7.304 trillion. The cumulative balance sheet reduction since May has been about $58.2 billion.
