Regulation & ETF1. Data: The US Bitcoin Spot ETF had a net inflow of over 215 million US dollars yesterday, with a net inflow for 18 consecutive days.

2. ProShares Files Filing Form 19b-4 for Start-Ethereum Spot ETF Review with the SEC ETF Provider ProShares has filed a Form 19b-4 for Ethereum Spot ETF Review with the U.S. SEC (SEC) for listing and trading Ethereum Spot ETF on the New York Stock exchange Exchange. 3. Gary Gensler: The speed of Spot Ethereum ETF listings depends on the speed of issuance SEC (SEC) Chair Gary Gensler said that for Ethereum-linked Spot ETF when they start trading, it will largely depend on how quickly issuance respond to SEC inquiries. "These registrants will voluntarily respond to the comments received, but the extent of the response is really up to them," he said. Gensler declined to say whether he thinks the process will take weeks or months. 4. Franklin Templeton CEO: Bitcoin demand will surge as large institutions begin to actively participate According to CryptoCrunch, Franklin Templeton CEO Jenny Johnson recently said, "Since its launch in January this year, Bitcoin ETFs have received significant inflows, totaling $14.8 billion. This, in turn, pushed Bitcoin price pump 60% to a new high of $73,787." While demand has leveled off in the near term, she expects it to surge as large institutions begin to engage more actively. "The next wave of Bitcoin adoption is likely to be driven by professional fund managers who incorporate Bitcoin into longest portfolios." 5. Robinhood acquisition encryption exchange for $200 million BitstampRobinhood announced that it will acquisition encryption exchange Bitstamp for $200 million to expand beyond the U.S., and the acquisition will close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. The two sides have reached an acquisition protocol. Bitstamp was founded in 2011 and has offices in Luxembourg, the United Kingdom, Slovenia, Singapore, and the United States. 5. JPMorgan Chase: U.S. encryption regulation opposes non-Compliance stablecoin such as CBDCs and Tether According to CoinDesk, JPMorgan Chase said in a research note that U.S. encryption regulation appears to be against the Federal Reserve's issuance Central Bank Digital Money, against U.S. banks' involvement in Crypto Assets, against non-Compliance stablecoin such as Tether, and against classifying all Token except BTC and ETH as securities. 6. People familiar with the matter: Franklin Templeton is considering launching a new encryption fund to invest in Tokens other than BTC and ETH According to The Information, citing people familiar with the matter, Franklin Templeton is considering launching a new encryption fund to invest in a range of Tokens other than Bitcoin and Ethereum. According to people familiar with the matter, the new fund will be structured as a private sale fund for institutional investors. 7. Bloomberg: Kraken is rumored to be in pre-IPO financing talks According to Bloomberg, encryption trading platform Kraken is in talks for a pre-IPO round of funding, seeking to raise more than $100 million, which may be completed by the end of the year, according to people familiar with the matter. In addition, Kraken is looking for a "well-known" company to join its board of directors and help it go public as soon as next year. 8. FTX creditor group opposes bankruptcy reorganization plan, saying cash payment will result in additional tax payments According to CryptoSlate, the FTX creditor group, led by Sunil Kavuri, opposes the restructuring plan proposed by FTX's bankruptcy administrator. Court documents show that creditors said the plan failed the best interests test, contained provisions that were not in the interests of creditors, and ignored the issue of title. Cash reimbursement will result in the customer being taxed on the cash received, and it is advisable to pay in kind to avoid tax issues. In addition, FTX is required to update the disclosure statement for its settlement with the Internal Revenue Service (IRS) and include it in the auditor's report. Under the settlement plan, the IRS will receive $200 million in priority claims within 60 days of approval and a further $685 million in lower priority claims after the customer receives full payment. Industry hotspot 1. VanEck: Ethereum price expected to reach $22,000 in 2030Asset manager VanEck tweeted that it had raised its price target for 2030 Ethereum to $22,000, a move influenced by Ethereum ETF news, expansion progress, and on-chain data. VanEck said Ethereum is reshaping long industries such as finance, banking, payments, marketing, advertising, social, gaming, infrastructure and artificial intelligence, with the low cost, efficiency and transparency of Ethereum technology being key factors driving Ethereum price pump. In addition, VanEck expects the ETF to be approved for listing, the size of the Ethereum ETF could exceed Bitcoin ETF, and will provide a convenient way for financial advisors and institutional investors to hold Ethereum. 2. LayerZero CEO: Witch review is currently not complete, Airdrop planned for this month LayerZero co-founder and CEO Bryan Pellegrino said that the witch review is currently not complete and plans for an Airdrop this month. Previously, Bryan Pellegrino said, "I hope to have two more months to process the inspection of the witch report, there are some very obvious large witch clusters containing k tens of thousands of Address, but due to time reasons, I have to abandon the inspection of them, because they are highly unlikely to qualify for the final Airdrop of LayerZero, but I am sure they may get other allocations." It's just my personal venting because I don't have that much time to long. LayerZero's TGE timeline remains the same." 3. Jito: Users can convert natively staked SOL to JitoSOL directly in the Phantom Wallet Jito posted that it has established a new partnership with Phantom, and users can convert natively staked SOL to JitoSOL directly in the Phantom Wallet. 4. Ethena Labs is integrated with Aave, users can participate in earning SatsEthena Labs tweeted that it has been integrated with Aave, users can deposit USDe on Aave and circulate their positions with other stablecoins, as well as deposit stETH, weETH, ETH and WBTC on Aave to borrow stablecoins into Ethena's USDe or sUSDe. Users can earn 20x Sats with USDe as a Collateral, earn 10x Sats with sUSDe as a Collateral (pending), borrow GHO with stETH, ETH, rETH, weETH as Collateral to earn 20x Sats, borrow stETH, ETH, rETH, weETH as Collateral and borrow USDC/T into USDe to earn 10x Sats. Users can also go long Delta exposure to Tokens such as ETH while providing liquidity to Ethena. In addition, it is recommended to increase sUSDe in the short term after Aave governance is confirmed. 5. Little Ghost Weirdo Ghost Gang will launch Web3 game OUTANFT project Little Ghost Ghost Gang tweeted that it will launch the Web3 game OUTA, and the details of the game will be announced later. Weirdo Ghost Gang launched its stake system on May 26 and currently has a loan-to-value rate of 42.8%. 6. LayerZero Integration IOTA EVMLayerZero posted that it is integrating IOTA EVM into its cross-chain protocol to enable seamless interoperability and communication with ecosystems such as Ethereum, BNB Chain, and Optimism. As previously reported, IOTA announced the launch of its EVM Mainnet, a Layer 2 solution for the IOTA network that is fully EVM-compatible. IOTA says this release has undergone a lot of improvements, testing, and reviews since the first EVM was released on Shimmer in September 2023. The IOTA EVM introduces features such as smart contracts, cross-chain capabilities, parallel processing, and enhanced long wick candle security for Miner Extractable Value (MEV).