● Binance Research: The total market value of the cryptocurrency market increased by 8.6% in May, while the NFT market declined
Binance Research released its latest research report, pointing out that the total market value of the crypto market rebounded by 8.6% in May, while the total locked value (TVL) of the decentralized finance (DeFi) market increased by 21.7%. In contrast, the NFT market performed poorly, with the total transaction volume falling by 41% to US$630 million. The report pointed out that the preliminary approval of the Ethereum ETF and the passage of the new technology bill in the United States were the main driving forces for the market recovery. Solana performed the strongest, with a price increase of 33.9%.
● Franklin Templeton considers launching new crypto fund
According to Odaily Planet Daily, the well-known investment fund company Franklin Templeton is considering launching a new crypto fund that will invest in a range of tokens other than Bitcoin and Ethereum.
● ProShares plans to list Ethereum spot ETF on New York Stock Exchange
According to PANews, ProShares has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), planning to list and trade the Ethereum spot ETF on the New York Stock Exchange (NYSE).
● SEC Chairman: The speed of listing of spot Ethereum ETF depends largely on the response speed of the issuer
According to Jinshi, Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said on Wednesday that when a spot ETF linked to the cryptocurrency Ethereum will start trading depends largely on how quickly the issuer responds to SEC inquiries. Gary Gensler and SEC officials have not previously commented on why the SEC made a U-turn and approved the application for a spot Ethereum ETF, but he said on Wednesday that a lawsuit filed by Grayscale last year forced the SEC to approve a spot Bitcoin ETF in January, which affected the SEC's view of Ethereum.
● QCP Capital: US unemployment and CPI data may push Bitcoin prices to new highs
According to BlockBeats, analysts at crypto asset trading firm QCP Capital said that the U.S. unemployment claims report released today and the CPI released next week could be catalysts for Bitcoin to hit a record high. In addition, market expectations of the possibility of a rate cut will also help Bitcoin rise.
● Tether becomes the second largest shareholder of BitDeer with 25% of the shares
According to Odaily Planet Daily, a document disclosed by the U.S. Securities and Exchange Commission shows that USDT issuer Tether currently holds a 25% stake in Bitcoin mining company Bitdeer. This makes the company behind Tether (USDT) the second largest shareholder of BTC mining machine shares, second only to Victory Courage Ltd., which is reportedly registered under the name of Wu Jihan.
● Bitcoin mining difficulty decreased by 0.79% to 83.72 T
According to PANews, Mempool data showed that the difficulty of Bitcoin mining underwent a mining difficulty adjustment at 17:04 on June 6 (block height 846720), and the mining difficulty was reduced by 0.79% to 83.72 T.
