On June 28, the total inflow of Bitcoin spot ETFs was $73.0454 million. Grayscale ETF GBTC had a single-day outflow of $27.1553 million, and BlackRock ETF IBIT had a single-day inflow of $82.4255 million. Ark Invest and 21Shares' ETF ARKB had a single-day inflow of $42.800 million.

A U.S. District Judge in the District of Columbia dismissed the SEC's charges against Binance and CZ related to secondary market BNB sales and Simple Earn. The SEC's charges against Binance's initial token offering and ongoing sales of BNB, BNB Vault, staking services, unregistered and fraud can proceed.

According to CryptoQuant, BTC fell below $60,000 in the early hours of this morning. At 3:00 UTC+8, the price difference between Coinbase BTC spot and Binance BTC-USDT was -0.285%, the lowest negative premium since May 1, which may indicate a relatively greater selling pressure from US investors on Coinbase.

OSL: There was a time when some virtual asset-related companies moved from Hong Kong to Singapore for development. However, a large number of these companies have returned to Hong Kong in the past year, which shows that there is greater confidence in the future development of Hong Kong's virtual asset market.

Binance: Recently, there has been an increase in Telegram-related fraudulent activity, particularly cases where cybercriminals impersonate Binance employees to commit fraud, deploy phishing or investment scam. Binance published a article to introduce common Telegram scams and share tips on how to avoid falling victim to them.

QCP: The market has to deal with overwhelming supply from the Mt. Gox unlocks as well as selling by government bodies. We could test lower towards 50k levels. We think the scary supply numbers are probably overstated and that the market will grind sideways in a range.

Igloo Inc., the parent company of NFT project Pudgy Penguins, has acquired the on-chain creator economy platform Frame. The Frame team will join Igloo to develop a Layer 2 network designed specifically for on-chain culture and community. Abstract Chain to create an ecosystem that supports and enhances the consumer crypto experience.

SEC: The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts.
https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-79.pdf

Coinbase Derivatives has submitted multiple certification documents to the U.S. Commodity Futures Trading Commission (CFTC) to list regulated SHIB, LINK, AVAX, XLM and DOT futures contracts in the United States. https://www.coinbase.com/zh-cn/derivatives/filings

SEC on Friday sued Consensys in federal court in Brooklyn, New York, over allegations that the company “engaged in the offer and sale of securities” and “acted as an unregistered broker” through MetaMask. “Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities,” the court filing alleges.

Just In: Following VanEck, 21Shares announced its application for the Solana spot ETF. https://www.sec.gov/Archives/edgar/data/2028834/000121390024057001/ea0208625-s1_21shares.htm

The wallet address marked as "US Government" transferred 11.84 BTC worth $726k to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at UTC+8 today. This may be a small test before a large transfer. The wallet holds the funds seized from Estonian crypto entrepreneurs Potapenko and Turogin.

The annual rate of the core PCE price index in May was 2.6%, expected to be 2.60%, and the previous value was 2.80%. The annual rate of the US core PCE price index in May was the smallest increase since March 2021. The monthly rate of the US core PCE price index in May was 0.1%, the smallest increase since November 2023.

WuBlockchain Weekly: VanEck Submits Solana ETF Application, Expected Launch of Physical Ethereum ETF Soon, Binance Bans Accounts Violating Megadrop Activity, etc https://wublock.substack.com/p/wublockchain-weekly-vaneck-submits?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true

Statistics on the coin listings of Binance Coinbase and Upbit, the world's three largest cryptocurrency exchanges, so far this year. Only LayerZero (ZRO), OMNI, Render, and Bounce are tokens listed on all three exchanges.

June 28 Options Data
107K BTC options are expiring with a Put Call Ratio of 0.5, a Maxpain point of $57,000 and a notional value of $6.6 billion.
1.04M ETH options are expiring with a Put Call Ratio of 0.59, Maxpain point of $3,100 and notional value of $3.6 billion.
Today is quarterly delivery, with over $10 billion in notional value of options expiring. June has been a tough month for the crypto market, with a more pessimistic atmosphere as BTC and ETH prices at one point approached the Maxpain point, which investors thought was impossible to reach.

GSR released the ETF possibility score. According to Decentralization and Demand Scores, the rankings are ETH SOL NEAR AVAX APT ADA XRP ATOM. If the SOL ETF passes, the market value could increase by 1.4 times in a bear market and 8.9 times in a bull market. Read more

On June 27, the total net inflow of Bitcoin spot ETFs was $11.7997 million. Grayscale ETF GBTC outflowed $11.4407 million, Bitwise ETF BITB inflowed $8.0432 million, and Fidelity ETF FBTC inflowed $6.7194 million. https://sosovalue.com/zh/assets/etf

Atlanta Federal Reserve President Raphael Bostic said on Thursday that an interest rate cut in the fourth quarter was likely, with inflation moving in the right direction. "Penciled in four quarter-percentage-point rate cuts for 2025, Fed is on a long term arc."

Coinbase announced a partnership with Stripe, Stripe is adding USDC to its crypto payment products and adding USDC on Base to its fiat-to-crypto onramp. Coinbase will add Stripe's fiat-to-crypto onramp to Coinbase Wallet to allow users to instantly buy cryptocurrencies with credit cards and Apple Pay.