US June ISM Manufacturing Prices Paid Index

📆 Flash News - 05/07/2024 1️⃣ Gate.io Bigdata indicates that amid BTC and ETH volatility, liquidations reached $556M in the past 24 hours, with BTC at $196M and ETH at $111M. 2️⃣ USDT market share rose to 5.42%, a new high since May 1st. 3️⃣ Nine Bitcoin spot ETFs reduced holdings by 609 BTC over four days, with Grayscale reducing by 535 BTC. 4️⃣ Telegram CEO announced Hamster Kombat will issue tokens on the TON, and Gate.io has started pre-trading for Hamster Kombat (HMSTR). 5️⃣ Lista DAO partnered with BounceBit to support BBTC as collateral for borrowing lisUSD.

#What will ETH's price be with expected ETF trading?# Ethereum ETFs Close to Approval: Spot ETH Price Remains Stable While Network Continues to Grow S-1 Applications Indicate Transition to Ethereum ETFs The submission of updated S-1 applications by eight applicants such as Bitwise, Fidelity, VanEck, and BlackRock is considered a significant milestone in the approval process of spot Ethereum ETFs. According to Bloomberg analyst Eric Balchunas, these applications are critical steps towards a potential market launch. Companies like Franklin and VanEck have disclosed expense ratios; Franklin set at 0.19% and VanEck at 0.2%. In particular, BlackRock made a significant commitment by proposing a $10 million initial investment for its ETF. These developments indicate the increasing confidence of major financial institutions in the future of Ethereum ETFs. SEC will review the updated applications In the next stage, the SEC will review these applications and provide feedback. This review process is critical and will determine when these ETFs can be launched. Although investors are hopeful, the timeframe is currently speculative. Eric Balchunas pointed out July 2 as a possible launch date and provided an exciting date for investors to wait for. The SEC's decision could accelerate or delay this process, depending on their evaluations and the necessary changes in applications. ETH Market Performance Among ETF Expectations While ETF developments continue, Ethereum (ETH) has remained relatively stable at around $3,500. However, significant network growth in recent days indicates an increase in the number of new addresses interacting with ETH. The increase in network activity is a positive signal indicating the interest from new investors and potentially an increase in the value of ETH. Network Expansion and Transaction Speed In addition to network growth, ETH's transaction speed has also shown a significant increase. This indicates an increase in transaction frequency, reflecting stronger market activity and investor participation. Overall, these metrics paint an optimistic picture for Ethereum and indicate the potential for gains if possible ETF approvals are realized. Result The launch of Ethereum ETFs in the near future could be a significant milestone for the crypto market, offering new investment opportunities and increasing demand for ETH. Investors and market observers should closely monitor SEC reviews and approval processes as they will play a critical role in determining the launch timing and subsequent market impact. Significant network growth and increased transaction speed present a promising outlook for Ethereum depending on regulatory developments. NOT INVESTMENT ADVICE. #ETH# #BTC# #GateioInto11# #ContentStar# #HotTopicDiscussion# #BountyCreator# #GateLive#

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📆 Flash News - 25/07/2024 1️⃣ The spot ETH ETF traded $950M on the second day and $1.05B on the first day. 2️⃣ The Fed has an 89.6% chance of a 25 bps rate cut in September, 0% chance of no change. 3️⃣ Solana's DEX 30-day trading volume surpassed Ethereum for the first time. 4️⃣ Lista DAO will unlock remaining airdrop tokens by the end of September. 5️⃣ DefiLlama reports Solana's pump.fun platform has earned over $70M.

Breaking News 2024/07/25 On the second day of the Spot ETH ETF listing, the volume reached 950 million US dollars, while on the first day of listing, it was 1.05 billion US dollars. The probability of the Fed cutting interest rates by 25 basis points in September is 89.6%, and the probability of maintaining the Interest Rate unchanged is 0%. 3. The on-chain DEX volume of Solana has surpassed Ethereum for the first time in the past 30 days. 4. Lista DAO has released the LISTA unlocking schedule, and the remaining AirdropToken will be unlocked by the end of September. 5. DefiLlama data shows Solana Meme platform pump.fun's total revenue has exceeded 70 million USD.