1. The U.S. May unadjusted CPI year-on-year is 2.4%, expected at 2.50%.
In May, the U.S. seasonally adjusted CPI month-on-month is 0.1%, expected at 0.20%, previous value 0.20%. The U.S. May unadjusted CPI year-on-year is 2.4%, expected at 2.50%, previous value 2.30%. The U.S. May unadjusted core CPI year-on-year is 2.8%, expected at 2.90%, previous value 2.80%. The U.S. May seasonally adjusted core CPI month-on-month is 0.1%, expected at 0.30%, previous value 0.20%. CPI was generally below expectations, prompting traders to increase bets on a Federal Reserve rate cut in September.
2. The SEC requires Solana ETF applicants to update the S-1 filing, approval possible as early as July.
The U.S. SEC has requested institutions proposing to issue a Solana spot ETF to submit an updated S-1 filing within a week and will provide feedback within 30 days. The updates include statements regarding physical redemption and staking mechanisms, and the SEC is open to including staking within the ETF structure. An informed source indicated that this could lead to the Solana ETF being approved within 3 to 5 weeks, possibly as early as July.
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3. Connecticut legislation prohibits the state government from holding or investing in virtual currencies.
Connecticut has passed HB7082, which prohibits the state government from accepting, holding, or investing in any virtual currency, and establishes multiple new requirements for money transmission entities. The bill also explicitly prohibits the establishment of 'virtual currency reserves.' The bill was unanimously passed in both the state House and Senate with no opposing votes.
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4. Ethereum developers had a dispute with foundation directors, EF was pointed out to have offered $5 million to separate the Geth development team.
Ethereum developer Péter Szilágyi had a dispute with Tomasz Stańczak, the co-executive director of the Ethereum Foundation. Szilágyi stated that the foundation had repeatedly proposed to pay $5 million to have the Geth (Go Ethereum's main client software) team operate independently from the foundation, but this was rejected by his team. Additionally, the foundation had offered $5 million in funding to Parity to promote client diversity and reduce reliance on Geth. Previously, co-executive director Tomasz Stańczak indicated that there are currently no plans to remove Geth and that support for its development will continue.
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5. Lawyer: A relatively large local cryptocurrency team in Hangzhou is involved in the case.
Lawyer Liu Zhengyao pointed out that recently, Hangzhou investigated the source of rumors and basically confirmed that a relatively large local cryptocurrency team is involved in the case (involving foreign exchange-related crimes, likely illegal business operations). Information disclosed by online bloggers may be due to individuals involved or witnesses cooperating with the public security authorities. Lawyer Liu stated that his basis is that friends from two channels privately messaged him, saying that friends in the cryptocurrency circle in Hangzhou have been missing for several days, and the missing friends are part of a relatively large team. It is speculated that the truth of the matter is that a cryptocurrency team in Hangzhou is involved, and it is not that Hangzhou intends to conduct a sweep or crackdown on the entire cryptocurrency industry.
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