● The U.S. Securities and Exchange Commission approved the 19B-4 form of the spot Ethereum ETF, and the official trading time is to be determined
According to Odaily Planet Daily, the U.S. Securities and Exchange Commission (SEC) documents show that the SEC has approved the 19B-4 form of the spot Ethereum ETF. However, to officially start trading, the approval of the S-1 form is still required. At present, the specific approval time has not yet been determined.
● Galaxy Digital predicts that the spot Ethereum ETF may be listed and traded in July or August
According to Odaily Planet Daily, Galaxy Digital predicted in its report that the spot Ethereum ETF may be listed and traded on the exchange in July or August.
● VanEck submits revised S-1 application for Ethereum spot ETF
According to Odaily Planet Daily, ETF issuer VanEck has submitted the revised S-1 application form for the Ethereum spot ETF as soon as possible.
● Hong Kong Securities and Futures Commission discusses allowing Ethereum ETF issuers to pledge
According to Wu, the Hong Kong Securities and Futures Commission is negotiating with Ethereum ETF issuers to allow them to pledge. This news comes from Tree News citing Bloomberg. It is worth noting that the Ethereum ETF issuers in the United States have stated in their latest 19b-4 filings that they will not participate in Ethereum staking. However, the current trading volume of Hong Kong Ethereum ETF is very bleak.
● The U.S. House of Representatives passed a bill prohibiting the Federal Reserve from creating a central bank digital currency
According to Odaily Planet Daily, the U.S. House of Representatives has passed a bill prohibiting the U.S. Federal Reserve System from creating a central bank digital currency (CBDC).
● The Federal Reserve may consider cutting interest rates by the end of 2024, and the operating difficulties of small businesses may become a triggering factor
According to Jinshi, CICC's research report pointed out that small businesses in the United States have a significant impact on employment, but they are not highly concerned. The repeatedly postponed interest rate cut cycle may be suppressing the operation of small businesses and thus cooling the job market. Federal Reserve Board member Waller said in a speech on May 22 that "if the data in the next three to five months continues to be weak, the Fed may consider cutting interest rates at the end of 2024."
The research report believes that the operating difficulties of small businesses may be an important factor that leads to the marginal weakness of economic data, which in turn triggers interest rate cuts. However, when the endogenous momentum of the economy is still strong, the interest rate cut will be more likely to be a "shallow interest rate cut", showing the characteristics of prudent fine-tuning, gradual and preventive, and the boost to terminal demand and thus corporate profits will likely be greater than the boost to asset valuations.
● Binance Megadrop Phase 2 will launch Lista (LISTA)
According to the Binance announcement, the second project to be listed on Binance Megadrop is Lista (LISTA), a liquidity staking and decentralized stablecoin protocol.
Project details: Token name: Lista (LISTA); Maximum token supply: 1,000,000,000 LISTA; Initial circulation: 230,000,000 LISTA (23% of the maximum token supply); Total Megadrop: 100,000,000 LISTA (10% of the maximum token supply).
Binance will list LISTA after the Megadrop is completed. The specific listing plan will be announced separately.