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Rhythm Morning News｜A list of important news from last night and this morning on June 27
Summarized by AI
Blast allocates 220 million BLAST to 6 market makers for market making
BlockBeat news, on June 26, according to the monitoring of on-chain data analyst Yu Jin, Blast allocated 220 million BLAST to 6 market makers for market making, including:
80 million→Wintermute;
50 million→Manifold Trading;
30 million→GSR Markets;
20 million→Auros Global;
20 million→Amber.
BlockBeat news, on June 26, Jupiter founder Meow posted on social media that it is conducting a PPP Meme token experiment, which may or may not involve airdrops. To participate, users need to leave an address to retweet (or just retweet and reply).
On June 26, nine US Bitcoin ETFs reduced their holdings by a total of 214 bitcoins.
BlockBeats news, on June 26, according to Lookonchain monitoring, on June 26, nine US Bitcoin ETFs reduced their holdings by a total of 214 bitcoins, including:
· Grayscale reduced its holdings by 1,539 bitcoins, worth approximately US$95 million, and currently holds 276,395 bitcoins, worth approximately US$17.07 billion;
· Fidelity increased its holdings by 765 bitcoins, worth approximately US$47.27 million, and currently holds 1,675,285 bitcoins, worth approximately US$103.5 100 million US dollars;
Reuters: US SEC may approve Ethereum spot ETF before July 4
BlockBeats news, on June 27, Reuters quoted industry executives as saying that negotiations between eight asset management companies, including BlackRock, and regulators have entered the final stage, with only the last minor revisions left. It is expected that the US SEC may approve the Ethereum spot ETF as early as July 4.
Executives of the two companies said that the process of revising the issuance documents has made progress and only "minor" problems have been solved. The executives requested anonymity because the discussions were confidential. These documents must be approved before the ETF can be issued. A lawyer working with the issuer (who also requested anonymity) said that it is "entering the final stages" and approval "may only take a week or two."
The SEC declined to comment on this news for the time being.
QCP Capital: Ethereum options market is calm, ETH has strong support at $3,200 and $2,800
BlockBeats news, on June 26, Singapore crypto investment institution QCP Capital issued a statement saying that as the end-of-quarter options expiration date approaches this Friday, the options market appears unusually calm, and the typical end-of-quarter volatility sell-off effect begins to appear. Today, there is news that the ETH ETF is about to start trading:
1. VanEck has submitted Form 8-A. It is worth noting that the same form for the Bitcoin ETF was submitted exactly 7 days in advance before the issuance.
2. VanEck subsequently announced that no fees will be charged in the initial stage of its ETH ETF.
In addition, the ETH options market expiring in July has not shown much enthusiasm so far. If there is a major breakthrough in the approval process, it may surprise the market. QCP Capital also pointed out that ETH shows strong support levels at $3,200 and $2,800, especially the $2,800 support level, which has not been touched for more than four months.
BlockBeats news, on June 27, according to The Data Nerd monitoring, 4 hours ago, 16 million ONDO (about $19.37 million) was transferred from Coinbase's custodial wallet to Teneo and Arrington and other VC addresses on Bybit, Kucoin and Gate.
ACX, CRV, PEPE top the Smart Money 24-hour inflow list
BlockBeats news, on June 27, according to Nansen data, Smart Money 24-hour Ethereum network capital inflow tracking list is as follows:
ACX: inflow of 2.087 million US dollars, current price 0.3456 US dollars, 24-hour increase of 16%;
CRV: inflow of 2.025 million US dollars, current price 0.2946 US dollars, 24-hour drop of 7.81%;
PEPE: inflow of 1.003 million US dollars, current price 0.00001261 US dollars, 24-hour drop of 2.98%.
BlockBeats news, on June 27, CryptoQuant CEO Ki Young Ju posted on the X platform that the US government's sale of 4,000 bitcoins is unlikely to have any impact on the market. Because when the spot ETF inflow is high, Coinbase Prime can handle 20,000 to 49,000 BTC of seller liquidity per day, and when the spot ETF inflow is low, it can handle 6,000 to 15,000 BTC of liquidity per day.
BlockBeat news, on June 27, BlockWorks cited sources as saying that because the changes in the previous round of S-1 were very "slight", the SEC can contact the issuer "at any time" to inform it of the fund issuance date. In other words, the issuer hardly expects to get any additional comments from the Securities and Exchange Commission. The launch date of the Ethereum spot ETF is entirely in the hands of the SEC, which can speed up or slow down at will.
A second source familiar with the ETH fund’s filing noted that while the issuer has not received additional comments from the SEC following the latest S-1 adjustments, at least another round of comments is likely. “The timeline for the launch is unclear, but we reasonably expect it to launch in the next two to three weeks,” the person added.
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