● 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 been determined.
● Galaxy Digital predicts in its report that the spot Ethereum ETF may be listed and traded on the exchange in July or August.
● 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 small business operations and cooling the job market. Fed Governor Waller said in a speech on May 22 that "if the data continues to be weak in the next three to five months, the Fed may consider cutting interest rates at the end of 2024."