China and the US Reach Agreement in Principle on Trade Deal
Li Chenggang, Deputy Minister of Commerce of China, announced at the China-US economic and trade consultations in London that the two countries had reached an agreement in principle on a framework agreement as a result of sincere and in-depth discussions. This development is a continuation of the agreements reached during the phone call between the two presidents on June 5. The first round of talks took place in Geneva.
CLARITY Cryptocurrency Bill Heads to House of Representatives
The CLARITY Act passed the U.S. Financial Services Committee with a vote of 32 to 19 and will now go to the House for a vote. The bill aims to provide regulatory clarity for digital asset markets.
Michael Saylor: Bitcoin Will Not See a Bear Market, Will Reach $1 Million
Michael Saylor, chairman of the board of directors at Strategy, predicted that Bitcoin will no longer experience a bear market and that its price will reach $1 million in the long term. Saylor stated that the company is challenging the traditional financial system with its Bitcoin-only balance sheet and developing new financial products based on bonds and shares.
GameStop Adds 4,710 BTC to Treasury Reserve
GameStop purchased 4,710 Bitcoin between May 3 and June 10. This decision came after Bitcoin was added to the company’s reserve assets in March. However, during the same period, the company saw a 17% year-over-year decline in revenue.
Trump-Backed “American Bitcoin” Now Owns 215 BTC
American Bitcoin (ABTC), a mining company backed by Eric Trump and Donald Trump Jr., announced that it has accumulated 215 BTC since its inception. The company’s IPO process will be carried out through a merger with Gryphon Digital Mining, and Eric Trump will join the board of directors.
Russia Introduces New Draft Law on Cryptocurrency Mining
Russia’s Ministry of Digital Development is preparing new regulations that would impose fines of 100,000 to 2 million rubles on those engaged in unauthorized cryptocurrency mining and allow for the seizure of their crypto assets. The draft also bans payments made in cryptocurrency. Additionally, mining companies will be required to report their data to the Financial Monitoring Bureau.
Ethereum Foundation: “User Experience” Is the Biggest Security Challenge
The Ethereum Foundation has published a report based on community feedback, identifying six main security challenges facing the ecosystem. Security vulnerabilities stemming from user experience (e.g., blind signatures, permission management, and key protection deficiencies) top the list. Systemic risks such as social layer and stake centralization were also highlighted.
SEC Approval Process for Solana Spot ETF Moving Forward
The US SEC has requested the issuer of the Solana spot ETF application to update its S-1 document. Bloomberg analyst Eric Balchunas stated that the ETF could be approved within the next 2-4 months. Additionally, he predicted that an ETF portfolio including Solana, XRP, Ethereum, and Bitcoin could be announced in July.
The SEC has postponed its decision on Canary Capital’s Hedera ETF application. Meanwhile, Nasdaq has officially filed an application for the 21Shares SUI ETF supported by the Sui Foundation. This application has been entered into the SEC’s public records, and the review process has officially begun.
Bitcoin Spot ETFs: $431 Million in Net Inflows
According to SoSoValue data, Bitcoin spot ETFs recorded $431.2 million in net inflows yesterday. The largest inflow was $337 million to Blackrock’s IBIT ETF. IBIT’s total net inflows reached $49.1 billion.
Ethereum Spot ETFs See $125 Million in Daily Inflows
Ethereum spot ETFs saw a total of $125 million in net inflows yesterday. The largest inflow went to Blackrock’s ETHA ETF ($80.5 million). ETHA’s total net inflow has reached $4.97 billion.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.