Introduction:
1, The 24-hour trading volume of US stocks spyx and tslax on Sol has surpassed $1 million, and liquidity has now increased
2, OpenAI denies that the OpenAI token represents its equity and has not collaborated with Robinhood
3, ADP data is outrageous, expected 95,000, actual -33,000, pay attention to the non-farm data, major non-farm and unemployment rate to be released today at 20:30
4, SEC is discussing the establishment of a 'Universal Listing Standard' with NYSE, Nasdaq, etc., shortening the ETF review time from over 6 months to 75 days
5, The first Solana staking ETF $SSK had a trading volume of $33 million on its first day, with an inflow of $12 million
One, US Stocks Onchain Special
1, Observe US stocks on the SOL chain
Currently, the 24-hour trading volume of spyx and tslax exceeds $1 million; additionally, the project party has already increased liquidity on Ray yesterday
Potential Opportunity: You can create corresponding LP spyx-usdc and tslax-usdc on Ray, with APR greater than 100%
2, Robinhood
(1) US stock Robinhood (HOOD) rose 6.12%, now quoted at $97.98, hitting a new historical high.
(2) OpenAI denies that the OpenAI token represents its equity and has not collaborated with Robinhood
3, Image created by KOL
One, Macroeconomic Market
(1) Traditional Market
1, US Stocks: Nasdaq up 0.94%, S&P up 0.47%, Dow down 0.02%, relations between Marx and Chuanzi have eased, Tesla rose 4.97%, Circle fell 7.56% to $177.97
2, US Treasuries, US Dollar: US Treasuries rose 0.97 to 4.27%, DXY fluctuated at a low of 96.70
3, Gold: Reported at 3345, high-level fluctuations
4, ADP expected 95,000, actual -33,000, note that for some time ADP and non-farm have been disconnected, we need to pay attention to the upcoming non-farm data, with major non-farm and unemployment rate to be released on July 3 (Thursday) at 20:30
5, The M2 money supply in the United States has reached $21.94 trillion, a new historical high
(2) Policy Trends
1, Related to SEC
SEC is discussing the establishment of a 'Universal Listing Standard' with NYSE, Nasdaq, etc.
Tokens that meet market capitalization, liquidity, and other thresholds for ETFs only need to submit an S-1 and wait for a 75-day quiet period to take effect, without needing to go through 19b-4 approval case by case.
This is a matter that changes the flow of market funds, especially CEX spot could be greatly divided, but it also leaves more choices and arbitrage opportunities for ordinary users.
In the past process, 19b-4 (exchange rule change) + S-1 (issuer registration) ran in parallel, and the SEC could delay up to 240 days. The new regulation writes 'whitelisted tokens' into the rules at once, compressing the approval cycle by over 80%.
Complete analysis: https://x.com/Normanrockon/status/1940219295012987161
3, Musk-Chuanzi conflict, ended with Musk deleting Twitter to ease relations
4, Tariffs
Complete analysis of the trade agreement between the US and Vietnam completed, Vietnam's export tariff to the US is 20%, transit tariff is 40%, and the US has 0% export tariff to Vietnam
https://x.com/Cato_CryptoM/status/1940430601536110602
Two, Market Review
1, Market Data:
2, Stablecoins: From July 1 to July 3, there was an inflow of $370 million, with $133 million in USDT and $293 million in USDC
3, ETF data: On July 2, without BlackRock data, BTC ETF inflow was $408 million, ETH ETF inflow was $45.9 million
The first Solana staking ETF $SSK had a trading volume of $33 million on its first day, with an inflow of $12 million
4, Institutional Dynamics
(1) SOL-based Microstrategy SOL Strategies released its June update, showing that the company has entrusted more than 3.7 million SOL to validators (an increase of 163,000 compared to May).
(2) SOLANA Finance Company @DEFIDEVCORP disclosed a $112.5 million private placement transaction to fund the purchase of $SOL
Four, alpha
1, KOL's Perspective
(1) VIC plans to liquidate after this week
(2) Believes the bull market is a great retreat, ending all transactions in the crypto circle, waiting for a significant drop to buy back in
(3) Believes that there will be another good rise at the end of the year combined with the four-year cycle
2, Backpack to launch in the second quarter
3, Useless market capitalization exceeds $270 million, tokens on the entire Bonk platform surge
[Note that the current new meme cap is $300 million]
