● Several potential SOL ETF issuers submitted updated S-1 filings
According to reports, Franklin Templeton, Galaxy Digital, and VanEck submitted updated S-1 filings, and Grayscale also submitted updated documents, disclosing a 2.5% fee for the potential fund. Fidelity submitted the S-1 filing for the Solana spot ETP for the first time on Friday.
Earlier this week, the U.S. SEC engaged with several potential Solana ETF issuers, requesting updates to their S-1 filings. Bloomberg ETF analyst Eric Balchunas stated that this indicates a higher likelihood of the SEC approving these products, and a spot SOL ETF could be launched within two to four months.
According to reports, bipartisan U.S. lawmakers attempted to add clauses in the CLARITY Act that would prohibit the President, Vice President, members of Congress, and their families from engaging in cryptocurrency business during their terms, in response to concerns over Trump's crypto interests. Although the draft language referenced existing financial regulations to avoid targeted accusations, the White House vetoed the proposal at a crucial stage, causing negotiations to stall.
● Trump Media Technology Group registers with the SEC for Bitcoin investment application
According to Foresight News, Trump Media Technology Group (DJT) has registered an application with the U.S. Securities and Exchange Commission (SEC) regarding investment in Bitcoin. The company stated that it does not currently intend to raise funds for this purpose.
● Bloomberg strategist: Bitcoin to gold ratio may indicate risk assets bottoming out this year
According to ChainCatcher, Bloomberg commodity strategist Mike McGlone stated that the Bitcoin/gold ratio may lead the market into a downward trend. He noted that current premium levels in U.S. stocks show signs of peaking and may revert to normal. McGlone emphasized that the S&P 500 total return index has only experienced two annual declines since 2008, which puts pressure on the cryptocurrency market. His model indicates that risk assets may hit a cyclical low by 2025.
● Long-term Bitcoin holders increased their holdings by over 880,000 BTC in the past 30 days
According to BlockBeats, on June 13, BTCTN disclosed that long-term Bitcoin holders increased their holdings by 881,578 BTC in the past 30 days, marking the most significant surge in recent history.
According to reports, the preliminary value of the U.S. Michigan Consumer Confidence Index for June is 60.5, marking the first rise in six months. One-year inflation expectations fell from 6.6% in May to 5.1%, and five-year expectations dropped from 4.2% to 4.1%, the lowest in three months. The survey indicated that consumers' concerns about tariff impacts have eased, but they remain cautious about the economic outlook.
● U.S. June one-year inflation rate expectation preliminary value at 5.1%, expected 6.4%
According to Odaily Planet Daily, the preliminary value of the U.S. June one-year inflation rate expectation is 5.1%, lower than the expected 6.4% and the previous value of 6.60%.
● Analyst: The dollar's ability to benefit from safe-haven flows may be limited
According to BlockBeats, analyst Nikos Tzabouras stated that after Israel's attack on Iranian nuclear facilities, the dollar's ability to benefit from safe-haven flows may be limited. Trump's trade policies have made the dollar a primary victim. Due to tariff uncertainties, the dollar struggles to fully capitalize on risk-averse sentiment. In this environment, safe-haven assets like gold become more attractive.
