[Morning News Briefing] Bloomberg: "SOL Spot ETF Approval Possibility Increased"

Bloomberg: "SOL Spot ETF Approval Likelihood Increases" Bloomberg reported that the possibility of approving a Solana spot ETF in the United States has increased. At least three asset management firms have been requested by the SEC (Securities and Exchange Commission) to modify their S-1 documents. The SEC has asked for clarification on fund redemption methods and whether SOL staking rewards will be paid. Bloomberg interpreted this as a positive signal for SOL ETF issuance. Noel Acheson, author of the newsletter Crypto is Macro Now, commented, "The SEC requesting S-1 document modifications means there's a possibility the ETF will be approved within days or at most a few weeks." Currently, at least 7 management firms, including Grayscale, Bitwise, and VanEck, are preparing to launch SOL ETFs. Previously, Coinnews reported that the SEC might approve the SOL spot ETF as early as 3-5 weeks. [The rest of the text follows the same professional translation approach, maintaining the specified cryptocurrency and technical term translations.]

BTC is expected to rally due to positive macroeconomic factors. According to The Block, Nick Puckrin, founder of CoinView, personally anticipates that inflation will continue to decrease throughout the year. In this case, the Federal Reserve will lower interest rates, which will lead BTC to enter the final rally phase of this cycle and encourage individual investors to participate in the market. Matt Mena from 21Shares analyzed that factors such as BTC spot ETF net inflows, cryptocurrency regulatory progress, and Donald Trump's BTC strategic reserve plan are triggering new investor inflows. Consequently, BTC could break through $138,000 by this summer.

In the past 24 hours, Ethereum (ETH) futures open interest has surpassed $41 billion, reaching an all-time high, as reported by CryptoPotatoe. According to CoinGlass data, ETH futures open interest increased by 6.14% to $41.66 billion in the last 24 hours. Previously, ETH derivatives trading volume surged 38% to over $110 billion in 24 hours, exceeding BTC derivatives trading volume of $84.7 billion.

Despite the BTC spot ETF being launched a year and a half ago, financial advisors are still hesitant to recommend cryptocurrency investments to clients, as reported by CoinDesk. Gary O'Shea, Global Market Analysis Lead at HashDex, stated that most financial advisors are not allocating BTC or cryptocurrencies to client portfolios. While some are actively considering and recommending investments, these are extremely rare. He added that financial advisors are concerned about BTC's volatility, massive energy consumption, and potential criminal misuse.

Nasdaq-listed medical technology company Semler Scientific (SMLR), which has been consistently purchasing BTC, has seen its market capitalization drop below its BTC holdings value, as reported by CoinDesk. SMLR's stock price has fallen approximately 50% this year, despite BTC reaching new highs, and is trading at 0.859 times Bitcoin's NAV (Net Asset Value), meaning it can no longer issue shares to purchase additional Bitcoin.

Researchers at Cornell Tech have introduced an application called Take My Ape that allows Non-Fungible Token (NFT) control rights to be delegated to other users without transferring private key ownership, as reported by The Block. Bored Ape NFT holders can define smart contract rules to delegate permissions typically performed by private keys under specific conditions.

Charles Hoskinson, Cardano (ADA) founder, proposed swapping a portion of the treasury holdings to the stablecoin USDM, as reported by CryptoBasic. He explained that approximately $100 million worth of ADA from the 1.7 billion ADA in the Cardano treasury could be swapped to USDM, potentially generating 5-10% annual returns.

Pendle, a DeFi yield protocol, has joined the Converge blockchain ecosystem, as announced on X. Pendle will now offer tokenized securities, institutional-grade dollar products, yield hedging, and liquidity strategies on Converge.

Layer 1 network Peak has established a machine tokenization and revenue-sharing sandbox in the United Arab Emirates (UAE), as reported by CoinTelegraph. Peak will create a 'Machine Economy Free Zone' in Dubai, allowing token holders to share in revenues generated from machine economic activities, collaborating with tech company Pulsar Group.

Global asset manager Invesco has hired Kathleen Wrynn, a blockchain expert from JP Morgan Chase, as its digital asset portfolio head, as reported by Decrypt. Wrynn will manage tokenized asset and cryptocurrency investments.

NFT project Fuzzy Penguin (PENGU) has partnered with NASCAR, the largest US auto racing competition, as reported by The Block. Specific partnership details have not been disclosed.

Cryptocurrency exchange Bullish will host a $14 million trading competition in the third quarter, as reported by CoinDesk. The competition targets professional traders, with $10 million of the prize pool to be awarded to the winner. Bullish recently submitted a confidential IPO filing with the SEC.

US senators have demanded clarification on Meta's stablecoin introduction plans.

According to CoinDesk, U.S. Democratic Senators have requested an explanation from Meta regarding their stablecoin introduction plan. Senators Elizabeth Warren and Richard Blumenthal sent a letter to Meta, asking questions about ▲whether they are considering launching their own stablecoin ▲whether they have lobbied or provided feedback on stablecoin legislation ▲the differences from the discontinued stablecoin project Diem. Additionally, they expressed concerns that "if Meta issues its own stablecoin, it could more aggressively collect consumer data. In this case, privacy invasion through targeted advertising and monetization of sensitive personal information could occur." In May, Fortune Crypto had previously reported that Meta was discussing the introduction of a stablecoin.

Trump's Sons to Make Significant Announcement on 6/16

Forbes reported that Donald Trump Jr. and Eric Trump, sons of former U.S. President Donald Trump, are scheduled to make a significant announcement on June 16 (local time) at Trump Tower, representing the Trump organization. This is to commemorate the 10th anniversary of Trump's first presidential campaign, with no specific details of the announcement disclosed.

U.S. Treasury Secretary: Trade Negotiation Deadlines for Some Countries May Be Extended After 7/9

U.S. Treasury Secretary Scott Bessent stated that "trade negotiation deadlines for some countries set for July 9 (local time) may be extended."

HYPE Reaches New High... 79% Increase in 30 Days

Hyperliquid (HYPE) touched a new high of $43.82 today, rising 79% over 30 days and 16% in the past 7 days.

Analysis: Next Resistance Level for ETH is $3,140

DeFi analysis layer Sentora (formerly IntoTheBlock) analyzed that the next resistance level for Ethereum (ETH) is $3,140. The media reported that "over 3.7 million addresses accumulated ETH near this price level. These addresses have been in a loss state since February and may sell if ETH's price recovers to their purchase price."

BTC Falls Below $109,000

According to Coinness market monitoring, BTC fell below $109,000. On Binance USDT market, BTC is currently trading at $108,965.53.