Data: 13,300 ETH transferred to Coinbase International
Whale Alert monitoring shows that around 10:57 am Beijing time today, 13,337 ETH was transferred to Coinbase International, worth about $44,776,152.
Spot Ethereum ETF launch delayed by SEC comments
The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July.
QCP Capital: ETF spot ETF is still a bullish signal for the market
On June 29th, QCP Capital stated in an official channel post that the range of $58,000 to $60,000 is a strong support level for Bitcoin in the second quarter of this year. However, the market must face overwhelming supply from the Mt. Gox unlock and government agency sell-offs. QCP Capital believes that these scary supply numbers may be exaggerated, and the market will consolidate within a certain range. Bitcoin may test the lower level of $50,000, but given the widespread relaxation of global regulations and the continued penetration of TradFi's interest, the market will find strong support there. The ETH spot ETF is still a bullish catalyst and is likely to start trading in early July. In addition, spot ETFs for other major currencies such as SOL will also trigger some excitement.
Mechanism Capital co-founder: Ethereum spot ETF will not drive up the price of the currency
Andrew Kang, co-founder and partner of cryptocurrency venture capital firm Mechanism Capital, stated on social media that unless Ethereum develops a convincing way to improve its economic situation, the price of Ethereum will not have much upward potential with the approval of spot ETF.
Cointime June 2 News Express
1.U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas2.Kaiko: Korean AI token weekly trading share rose to 18.7% in May3.The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market
4.Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion5.A whale has transferred 149.9 billion PEPE from Binance again, worth $2.3 million6.Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop
7.The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high8.The total open interest of BTC options on the entire network is $18.87 billion
9.Amber Group’s associated address deposited 2.96 million FRONT to Binance, worth $4.26 million10.US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May
US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May
HODL15Capital has monitored that the US Bitcoin ETF has added a total of 29,592 BTC in May, worth approximately $2.004 billion.
After the US SEC approved the spot Ethereum ETF, the open interest of ETH futures and the trading volume of options in May both hit record highs
According to data from Theblockpro, as the US Securities and Exchange Commission approved spot Ethereum ETF, the open interest of May Ethereum futures rose by 52%, reaching a historical high. Ethereum options trading volume reached a new high of $31.4 billion, up 19.2%, also setting a historical high. As for Bitcoin, the open interest of May Bitcoin futures increased by 12.9%, trading volume decreased by 21%, falling to $1.26 trillion. Ethereum futures trading volume increased by 0.2%; Bitcoin options open interest rebounded, with an increase of 30.5%, and Ethereum holdings also increased, with an increase of 41.4%. Bitcoin options trading volume reached $46.8 billion, a decrease of 1.2%.
CNBC host: Ethereum is an excellent means of storing value
Jim Cramer, the host of CNBC's Mad Money program, shared his views on Ethereum and ETFs for spot ETH trading this week, stating: "I hold ETH because I believe that in today's world, due to the serious federal budget deficit in the United States, the dollar will face difficulties, and Ethereum is a good store of value." In addition, Jim Cramer clarified that ETH is not a stock, but he thinks it is worth owning. Jim Cramer was once a supporter of Bitcoin, and in March 2021, he initially suggested allocating 5% of his portfolio to BTC. However, due to concerns about ransomware, he sold all of his Bitcoin holdings.
Lara Crigger: I doubt whether Ethereum ETF can attract the same amount of capital inflows as Bitcoin products
This week, the US SEC approved a spot Ethereum ETF. However, Lara Crigger, a data provider at VettaFi, warns that there is doubt whether an Ethereum ETF can attract the same level of funds as Bitcoin products. Despite having more use cases, Ethereum's market is much smaller than Bitcoin's, and the general investing public has lower awareness and recognition of it.
Cointime May 25 News Express
1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office
