Here's a summary of the key points related to #Ethereum and the crypto market from the **June 2024 Monthly Market Insights** report by Binance Research:

1. **ETH ETF Approval**: In May, the crypto market saw an 8.6% increase in total market capitalization. This growth was driven by favorable regulatory actions, including the approval of 19b-4 filings for 8 spot ETH ETFs by the U.S. Securities and Exchange Commission (#SEC ). Grayscale's Ethereum Trust (ETHE) also experienced a narrowing discount to net asset value, currently at 1.4%, the lowest in nearly three years.

2. **#Solana and U.S. Treasuries**: Solana stakers approved a proposal to distribute 100% of priority fees to network validators. Additionally, tokenized U.S. treasuries reached around US$1.5 billion in value on-chain, showing an 80% year-to-date growth.

3. **Prediction Markets**: Prediction markets have seen a resurgence, with net deposits exceeding US$60 million in May. The U.S. presidential election has been a significant driver of this growth.