● 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 potential funds. 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 suggests the SEC is more likely to approve these products, and a spot SOL ETF could go live within two to four months.
● White House vetoes clauses banning officials from crypto conflicts of interest in the (CLARITY Act)
According to reports, U.S. bipartisan lawmakers are attempting to include 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 has referenced existing financial regulations to avoid targeted accusations, the White House vetoed the proposal at a critical stage, causing negotiations to stall.
● Trump Media Technology Group registers with the SEC to invest in Bitcoin
According to Foresight News, Trump Media Technology Group (DJT) has registered an application with the U.S. Securities and Exchange Commission (SEC) regarding investing in Bitcoin. The company stated that it does not currently intend to raise funds for this purpose.
● Bloomberg strategist: Bitcoin to gold ratio may signal risk assets hitting bottom this year
According to ChainCatcher, Bloomberg commodity strategist Mike McGlone stated that the Bitcoin/gold ratio may lead the market downwards. He noted that the current premium levels in U.S. stocks show signs of peaking, which may revert to normal.
McGlone emphasized that since 2008, the S&P 500 total return index has only seen two annual declines, and such situations exert pressure on the cryptocurrency market. His model indicates that risk assets may hit a cyclical low by 2025.
● Bitcoin long-term 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 Michigan Consumer Confidence Index for June in the U.S. is 60.5, marking the first rebound 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 consumer concerns over tariff impacts have eased, but caution remains regarding economic prospects.
● U.S. June one-year inflation rate expectation preliminary value 5.1%, expected 6.4%
According to Odaily Planet Daily, the preliminary value of the one-year inflation rate expectation in the U.S. for June is 5.1%, lower than the expected 6.4% and the previous value of 6.60%.
● Analysts: The dollar's ability to benefit from safe-haven flows may be limited
According to BlockBeats, analyst Nikos Tzabouras stated that the dollar's ability to benefit from safe-haven flows may be limited following Israel's attack on Iranian nuclear facilities. 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 are more appealing.
