● Greeks.live: The macro short-term impact on the crypto market is limited, and the overall IV level is currently low
According to Odaily Planet Daily, Greeks.live researcher Adam posted on the X platform that this week is a week with fewer macro events. As expected, the Fed's interest rate decision last week remained unchanged, and the macro short-term impact on the crypto market is limited. The current crypto market is relatively weak, and there are fewer crypto-related events. The expectations of ETH ETF are difficult to support the current market confidence. The IV of major options is low. The market, which has been silent for a long time, needs greater positive news and funds. Security incidents have occurred frequently recently, and investors need to pay attention to asset security. The benefits brought by ETH ETF have been defeated by the pessimistic market atmosphere, and the overall cryptocurrency market has turned from optimism to pessimism. At present, the overall IV level is low. In the short term, you can choose a price with a lower IV and purchase the call options of the week appropriately. The cost-effectiveness is still very high.
● Blockchain venture capital investment surged 32% in May to more than $1.3 billion
According to Foresight News, data from The Block showed that blockchain venture capital soared 32% in May to more than $1.3 billion, and the number of investments increased by 11%, totaling 293. Bitcoin and Solana have seen a large amount of investment activity, and trading activity has surged in the past six months.
The blockchain industry is expected to see growth in funding in the second quarter, with $3.5 billion invested across 834 deals, marking the third consecutive quarter of increased funding and deal activity.
● US listed mining companies outperformed Bitcoin in the first half of June, with total market value reaching a record high
According to Odaily Planet Daily, U.S. listed mining companies outperformed Bitcoin in the first half of June as investors responded positively to the news of the artificial intelligence deal between Core Scientific and CoreWeave. JPMorgan Chase said in a research report on Monday that the total market value of 14 U.S.-listed Bitcoin mining companies hit a record high of $22.8 billion on June 15. In the first two weeks of June, almost all listed mining companies outperformed Bitcoin, with Core Scientific (CORZ) performing best, up 117%, and Argo Blockchain (ARBK) performing worst, down 7%.
● Federal Reserve Chairman Powell will deliver semi-annual monetary policy testimony on July 9
According to Jinshi, the office of Brown, chairman of the U.S. Senate Banking Committee, said on Monday that Federal Reserve Chairman Powell is scheduled to deliver a semi-annual monetary policy testimony to the Senate Banking Committee on July 9. Before that, the June non-farm data will be released (July 5), and after that, the June CPI data will be released (July 11). Currently, there is no such event on the Fed's official website.
● Biden nominates new CFTC head, which may affect the treatment of cryptocurrencies
According to BlockBeats, on June 18, investment bank TD Cowen said that President Biden's move to nominate two heads of the U.S. Commodity Futures Trading Commission (CFTC) could affect the agency's future approach to cryptocurrencies. Biden nominated CFTC Commissioner Christy Goldsmith Romero to head the Federal Deposit Insurance Corporation (FDIC) and Kristin Johnson to serve as Assistant Secretary of the Treasury Department for Financial Institutions. Both commissioners pushed the agency to introduce rules or guidelines to protect consumers and address conflicts of interest in cryptocurrencies. If Romero and Johnson take up their new positions, the CFTC will be left with Democratic Chairman Rostin Behnam and Republican Commissioners Caroline Pham and Summer Mersinger, and the Republicans will hold a majority. TD Cowen said in a report on Monday that given the change, the Biden administration will quickly fill the two vacancies. However, replacements may not be confirmed until the fall.
● On June 17, Fidelity FBTC had a net outflow of $92 million
According to Odaily Planet Daily, according to data from Farside Investors, Fidelity FBTC had a net outflow of US$92 million yesterday.
● X platform plans to launch payment function, and may support encrypted payment in the future
According to Odaily Planet Daily, X CEO Linda Yaccarino said that the platform will soon launch payment functions for users and continue to develop towards becoming an "application for everything." This upcoming financial ecosystem aims to integrate various technological functions to provide users with numerous new experiences.
The feature will initially focus on fiat currencies, but is under development and may support crypto payments in the future. X already made significant progress last July, securing three money transmitter licenses, laying the foundation for its new payments system.
Yaccarino stressed that this development will provide users with a range of new experiences, changing the way they interact and transact on the platform. She said: "There are so many new things to experience. Think about it: once we launch payment services - we will start in the United States - the financial system will appear on this platform."
