🎉Good news! The United States has approved a Bitcoin spot ETF, which is undoubtedly a big boon for Bitcoin! 👏But at the same time, we also have to pay attention to the dynamics in Europe. According to reports, there has been a large outflow of funds from European Bitcoin exchange-traded products (ETPs) this year, totaling $506 million. 😱

🔍Next, we have to pay close attention to the EU parliamentary elections next week. Jag Kooner, head of derivatives at Bitfinex, said that the election results may affect the regulatory direction of cryptocurrencies in the EU. If right-wing forces prevail, it may lead to stricter cryptocurrency controls; if the forces supporting cryptocurrencies win, it may accelerate the introduction of supportive regulations such as MiCA. 🔮

🚨In addition, the European Securities and Markets Authority (ESMA) defines maximum extractable value (MEV) as a clear example of illegal market abuse in its proposed draft technical standards under the Markets in Crypto-Assets (MiCA) regulation. This means that all EU-regulated crypto businesses, including exchanges and brokers, need to detect and report MEV instances through comprehensive "suspicious transaction or order reports" (STORs). 🔔

📅ESMA set a consultation feedback deadline of June 25, and the final standard is expected to have a significant impact on the EU crypto regulatory environment. Let us look forward to seeing what surprises or challenges the EU will bring us! 🎁