● The ETF Store President expects Ethereum spot ETF S-1 filing to be approved by the end of June
According to ChainCatcher, Nate Geraci, president of The ETF Store, said that although the specific progress is still unclear, he would be surprised if the Ethereum spot ETF S-1 filing was not approved by the end of June. He believes that there is no reason for the U.S. Securities and Exchange Commission (SEC) to continue to delay because a lot of work has been completed on the ETH futures ETF and the spot BTC ETF.
● Cboe executive: Without futures market or regulatory transparency, Solana spot ETF is not feasible in the short term
According to Odaily Planet Daily, Rob Marrocco, vice president and global head of ETF listings at Cboe, believes that crypto ETFs other than Bitcoin and Ethereum are unlikely to appear until the market and regulatory environment change. Marrocco said in the ETF Store podcast on June 11 that the market's expectations for Solana and XRP spot ETFs are unrealistic in the short term because there is no futures market for these cryptocurrencies, which is the main factor in approving Bitcoin and Ethereum spot ETFs. He added that this means that the only feasible way to bring the Solana ETF to market is to first pass the Solana futures ETF and then pave the way for the spot ETF. Marocco further stated that even if the Solana futures ETF is introduced, they will need to trade for a long time to establish a good record. However, this process may take quite a long time to bear fruit.
● Solana's DEX transaction volume has surpassed Ethereum for 5 consecutive days
According to Odaily Planet Daily, Solana has surpassed Ethereum in 24-hour DEX trading volume for 5 consecutive days. In the past 24 hours, Solana's DEX trading volume reached 1.73 billion US dollars, higher than Ethereum's 1.69 billion US dollars.
● Analysis: US inflation may hinder the Fed's interest rate cut this year
According to BlockBeats, IG Group analyst Jeremy Naylo said that the Federal Reserve's interest rate decision will be a turning point this week, although we do not expect any changes in interest rates. Prior to this, the US statistical department will release the May CPI data. This is likely to show that the inflation stickiness we have seen will continue. The US core CPI is expected to increase by 3.5% year-on-year in May, but the real concern is the service industry. The US service industry CPI has been rising for the past two months. It increased by 5.3% year-on-year in April. Richard Snow, a foreign exchange analyst at Daily FX, told traders that it is widely expected that the so-called "super core" inflation, that is, service industry inflation minus housing inflation, will at least keep the year-on-year increase in the past two months at 5.3%, which may mean that the Federal Reserve has little room to cut interest rates.
● EU Crypto-Asset Market Regulation (MiCA) will be implemented in phases, with June 30 as the key deadline
According to BlockBeats, the EU Crypto-Asset Market Regulation (MiCA) will be implemented in stages, with June 30 as a key deadline. Some regulations applicable to stablecoins are being gradually implemented, and existing stablecoin issuers must adjust their operations from the June 30 deadline to comply with certain MiCA requirements. However, the most stringent requirements (such as capital and reserve obligations) will take full effect later, ensuring that existing businesses have a transition period to adapt. Stablecoin issuers that operate outside the EU but provide services to EU residents also need to comply with MiCA regulations.
● Binance Labs announces investment in Zircuit
According to a Binance blog post, Binance Labs invested in Ethereum Layer2 network developer Zircuit for an undisclosed amount. It is reported that Zircuit is a ZK Rollup with AI-enabled sequencer-level security and parallel circuits. Zircuit was built by a team of Web3 security veterans and PhDs in computer science, algorithms, and cryptography, and its unique architecture combines the advantages of performance and security.
