VanEck submits revised S1 form for Ethereum ETF

VanEck has submitted a revised S-1 form for its spot Ethereum ETF. Revolut CEO plans to sell a portion of his shares and cash out for hundreds of millions of dollars. Bitcoin briefly dropped below $55,000 and has since rebounded above $56,000. Canadian digital asset custodian Balance has established a special purpose trust subsidiary and injected $10 million. Arkham reports that the German government’s Bitcoin holdings currently amount to 28,988 BTC, equivalent to $1.66 billion. Arkham data shows that the “German government” wallet address has transferred another 3,000 BTC. Grayscale has transferred approximately 713 BTC, worth over $40 million, to Coinbase Prime. JPMorgan Chase states that the total cryptocurrency market capitalization has decreased by 8% in June, with stablecoins outperforming other sectors. Particle Network announces the launch of the first joint testnet for the Chain Abstraction Layer Alliance. DeBank has opened initial DeBank XP airdrop claims, which will last for one month. The Ethereum Foundation collaborates with Immunefi to host an “Attackathon” cooperative network security audit event. Digital asset trader Auros plans to invest over $50 million in crypto startups. A whale has transferred 10,000 ETH to Kraken 20 minutes ago. The EOS network has launched a staking reward program for 250 million EOS tokens. Decentralized AI workflow network Questflow Labs has raised $1.5 million in angel funding led by MiraclePlus. Bitfinex reports that the crypto market may have reached a potential local bottom, but warns about the Federal Reserve’s upcoming news agenda. The German government has transferred 4,338.7 BTC to exchanges and market makers today. ETC Group analyst states that the inversion of the Bitcoin volatility term structure indicates an extremely bearish signal in the options market. Bitstamp aims to complete the distribution of Mt.Gox compensation as soon as possible. Futu Securities has been granted permission to provide virtual asset trading services to Hong Kong investors. An inactive Bitcoin address that has been dormant for 13 years has just been activated and contains 48 BTC. Bitget Research Institute predicts that the number of daily active users in the Japanese market will reach around 500,000 by the end of 2024. The “German government” wallet address has once again transferred 1,750 BTC to CEX and market makers. A whale has deposited 200,000 BNB, worth approximately $100 million, into Binance. Wintermute has deposited 7.77 million ARB, equivalent to $4.77 million, into Binance and Kraken. The German government address has transferred 133.722 BTC to market maker Cumberland DRW. Tether’s 24-hour trading volume exceeds the combined volume of BTC, Solana, USDC, and ETH. The election results in France, where major parties failed to secure a majority, may hinder the passage of new legislation, including crypto regulations. Ethereum surpasses $3,000. The stablecoin PHPC has been launched on Ronin in the Philippines. Matrixport expects the SEC to approve a spot Ethereum ETF this week. The total assets of BUIDL Fund from BlackRock have reached $491 million. Bitcoin surpasses $56,000. Waterdrip Capital has been investing in the Ton ecosystem since last year and has invested in over six projects. BounceBit plans to launch its on-chain brokerage business Superfast in the third quarter. Dragonfly partner Haseeb believes that even in a bull market, issuing tokens must withstand the test of a bear market. The revised S-1 for the spot Ethereum ETF is expected to be completed tomorrow, according to the president of ETF Store. TeraWulf, a Bitcoin mining company, is open to merger deals. Jack Dorsey believes that in the future, Bitcoin may replace the US dollar as the dominant global currency. Tether is developing decentralized AI models. The governor of North Carolina vetoed the CBDC ban bill. Renowned trader Peter Brandt suggests that Bitcoin could drop to at least $44,000. The Shiba Inu Coin community reminds users to be cautious of projects misusing the SHIB name. Cardano will undergo the Chang hard fork by the end of July. Tokens worth $350 million will be unlocked in July. The “Firedancer” Solana client vulnerability bounty program, with a maximum prize of $1 million, will start on July 10. Celo has launched the Dango Layer 2 testnet. According to Bitcoin distribution data, 57% of BTC is held by individuals, while 17.6% of BTC has been lost. 65% of the total decline in Bitcoin and Ethereum over the past 30 days occurred during the Asian trading session. Technical analysis indicates that Bitcoin faces resistance at the 200-day moving average.