● U.S. SEC Chairman Gary Gensler: Ethereum spot ETF approval process is going smoothly
According to Odaily Planet Daily, Gary Gensler, chairman of the U.S. SEC, said in response to inquiries about the approval process of the Ethereum spot ETF: "I don't know the exact time, but it's going smoothly." He explained that his team is waiting for asset managers to make "appropriate disclosures." Gensler said: "My first priority is the American public. They are customers, so we represent them."

● VanEck and Franklin Templeton will waive some fees for Ethereum spot ETFs

According to PANews, VanEck announced that it will waive fees for its Ethereum spot ETF, adopting a similar strategy to the Bitcoin ETF launched earlier this year. Matthew Sigel, the company's head of digital asset research, said that the zero-fee strategy will help increase interest in Ethereum while also lowering the entry barrier for new investors.

VanEck plans to waive fees on the first $1.5 billion of assets through 2025, and charge 0.20% after that. Separately, Franklin Templeton said it would waive fees on the first $10 billion of assets for six months, and charge 0.19% after that.

● Bitcoin whales increased their holdings by 7,130 coins, with net inflows reaching the highest level since the end of May

According to Odaily Planet Daily, the net inflow of Bitcoin's largest wallets has reached the highest level since the end of May. Yesterday alone, whale holders who control at least 0.1% of the total supply of Bitcoin increased their holdings by 7,130 Bitcoins, worth about $436 million.

● USDC net inflows to centralized exchanges hit a one-year high of $228 million

According to Odaily Planet Daily, data from Lucas, head of research at IntoTheBlock, showed that the net inflow of USDC in centralized exchanges hit a one-year high of $228 million yesterday. This may be a signal that investors are depositing stablecoins and starting to buy on dips.

● UBS expects the Fed to start cutting interest rates in September

According to Odaily Planet Daily, UBS economists reiterated their outlook for a soft landing for the U.S. economy on Monday. The bank expects the Federal Reserve to start cutting interest rates in September and believes that the market may have misjudged the extent of the Fed's future rate cuts. UBS pointed out that although economic data has experienced abnormal fluctuations since the outbreak, certain trends now seem to have been established.

● Federal Reserve Board member Bowman expects rate cuts in 2025

According to BlockBeats, on June 25, Federal Reserve Governor Bowman said that he did not expect to cut interest rates in 2024, but would postpone the rate cut to 2025.

● Federal Reserve Board Member Bowman: It is not the right time to cut interest rates yet

According to BlockBeats, on June 25, Federal Reserve Governor Bowman said that it is not yet the right time to cut interest rates, and the basic outlook is that as the policy interest rate remains unchanged for "some time", the inflation rate will return to 2%.

● QCP Capital: The market will continue to have selling pressure, which is expected to ease in the short term

According to Odaily Planet Daily, QCP Capital pointed out in a statement that there will continue to be selling pressure in the market. Given the high cost of holding perpetual positions and option positions for a long time, existing Mt.Gox creditors may not be hedged. The market is expected to ease in the short term. Given the high potential for Ethereum ETF approval in July, it seems that it is worth buying on dips.