ETFStore President Nate Geraci expects the SEC to make a decision on spot EthETF this week, but the approval process may face delays due to the speed of 19b-4s and S-1s filings.

Since the issuance of Hong Kong Virtual Asset Spot ETF, the overall asset size has not changed much, with Bitcoin ETF dominating the market. However, the market is optimistic about the innovation potential of Ethereum ETF and looks forward to the improvement of liquidity and the growth of trading volume in the future.

As of May 14, the size of the Fed's balance sheet dropped to approximately US$7.3 trillion, and the cumulative balance sheet reduction since May was approximately US$58.2 billion.

The decentralized AI project MyShell announced that it will launch its advanced NFT product MySoul at the end of May, with a total supply of 3333, of which 65% will be allocated to testnet users, 10% to the MyShell community, 15% to the MyShell Treasury, and the remaining 10% Assigned to NFT launchpad and community partners

BounceBit has released a 2024 roadmap, aiming to focus on building CeDeFi products through the three pillars of BounceBit Portal, BounceBit Chain and BounceClub, providing a user-friendly interface and settlement execution layer, and building services and ecosystems

Bitcoin has improved significantly since last week and has rebounded to the $67,500 resistance zone in late April and surpassed the $64,000 high in early May. A breakout of $67,500 could set a new all-time high, while $68,300 becomes the new focus.

DWF Labs announced that its institutional-grade OTC trading platform DWF Liquid Markets has added new trading pairs for cryptocurrencies such as ZeroLend, Flare, Viction, Saros, OriginTrail, Map Protocol and Zentry, and supports USDT trading.

The Acala team proposes to shorten the staking unlock period of ACA from 28 days to 14 days to increase liquidity and participation and promote the development of the network and community.

The cryptocurrency market is experiencing a trend of token issuance with high valuations and low initial circulation, which may lead to selling pressure when tokens are unlocked in the future. Investors and project teams need to carefully consider token economics and valuation.

OKX Web3 Wallet has reached a strategic cooperation with HackQuest, a Web3 education platform, to jointly build a developer education ecosystem, support cooperation projects with top universities around the world, and launch developer education courses, hackathons, and project incubations.

Digital asset investment products saw a second consecutive week of inflows, totaling $932 million, led by the U.S. market, with Bitcoin and multiple altcoins showing inflows, while Ethereum and blockchain stocks continued outflows