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Lightspeed Newsletter: The lifecycle of a Solana transaction
Lightspeed Newsletter: The lifecycle of a Solana transaction

There’s a lot of tech wizardry going on behind the scenes that makes it all possible

Blockworks·2024/07/23 22:37
Empire Newsletter: Can ETFs make ETH the next big tech stock?
Empire Newsletter: Can ETFs make ETH the next big tech stock?

Plus, are people still excited about the ETH ETFs?

Blockworks·2024/07/23 22:37
Ethereum Grayscale Trust outflows could weigh on ether price after today's ETF launch, analyst says
Ethereum Grayscale Trust outflows could weigh on ether price after today's ETF launch, analyst says

The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.

The Block·2024/07/23 14:40
Grayscale prepares for spot Ethereum ETFs launch with $1 billion
Grayscale prepares for spot Ethereum ETFs launch with $1 billion

Share link:In this post: Grayscale moved $1 billion worth of Ethereum to Coinbase to prepare for the launch of its spot Ethereum ETFs on the NYSE and other platforms. Coinbase will be the custodian for eight of the nine new Ethereum ETFs. Grayscale’s Ethereum ETF has a high management fee of 2.5%, which is much higher than competitors like BlackRock and Fidelity.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information

Cryptopolitan·2024/07/23 14:37
Spot Ethereum ETF Launch: Investors Brace for Possible ‘Sell the News’ Effect
Spot Ethereum ETF Launch: Investors Brace for Possible ‘Sell the News’ Effect

Kaiko’s latest analysis suggests that Ether’s price will be sensitive to spot ETF inflows, given the low demand for futures products back in late 2023.

Cryptopotato·2024/07/23 14:31
Flash
12:43
Bankless Co-founder Reveals Entry Prices for Partial Token Swaps: HYPE around $45, ZEC around $560
BlockBeats News, June 4th, Bankless co-founder David Hoffman responded to a user inquiry about his entry prices for NEAR, HYPE, ZEC, and LIT, stating, "NEAR around $1.40, HYPE around $45, ZEC around $560, LIT around $1.35." Earlier reports indicated that David Hoffman mentioned that after selling off his ETH holdings, he immediately allocated about 50% of the funds to purchase VVV, NEAR, ZEC, HYPE; the remaining 50% of the funds were kept as cash reserves for gradual DCA (dollar-cost averaging) entries, all of which have now been used to acquire LIT.
12:38
World Gold Council: Global gold ETFs turned to net outflows in May
```htmlGolden Ten Data reported on June 4 that the World Gold Council stated: Global gold ETF fund flows turned into net outflows in May, with a monthly outflow of $2 billion, causing the total assets under management to decrease by 2% to $604 billion. Europe was the only region to achieve net inflows, with an inflow of $334 million; Asia saw an outflow of $1.2 billion, North America saw an outflow of $1.1 billion, making them the main sources of net outflows. Gold market trading volume in May saw a slight increase, with average daily liquidity rising to $424 billion, which continues to exceed the average level for 2025.```
12:36
U.S. Stock Market Pre-market Highlights | SpaceX Plans IPO Price at 135 Dollars! Broadcom’s AI Revenue Guidance Misses Expectations, Shares Plummet Over 14% Pre-market
```htmlGelonghui June 4|1. The three major U.S. stock index futures were mixed: Nasdaq futures fell 1.14%, S&P 500 index futures fell 0.27%, Dow futures rose 1%. 2. Major European stock indexes rose across the board: Germany's DAX index rose 0.6%, UK's FTSE 100 index fell 0.2%, France's CAC index rose 1.09%, and Euro Stoxx 50 index rose 0.46%. 3. The number of corporate layoffs in the U.S. increased by 16% month-on-month in May to 97,006, reaching the highest level for the same period since 2020. 4. For the week ending May 30, initial unemployment claims in the U.S. recorded 225,000, a new high since the week of February 7, 2026; expectations were 213,000, and the previous value was revised from 215,000 to 212,000. 5. The S&P 500 index rose 16% over two months, setting a rare postwar record; Deutsche Bank warns: the last time was before the 1987 stock market crash. 6. SpaceX officially set its IPO issue price at $135, with a valuation of $1.77 trillion, scheduled to be listed on June 12. 7. Tesla has fully launched its unsupervised autonomous driving Robotaxi service in the Austin metropolitan area. 8. Meta plans to launch the "Hatch" AI agent for general consumers, with a maximum monthly fee of $200. 9. TSMC President C.C. Wei: Unable to meet chip demand driven by AI in the next few years; sales are expected to grow over 30% this year. 10. Ming-Chi Kuo: Apple's XR headset and smart glasses roadmap now only includes two smart glasses products; the Vision Pro product line has been removed. 11. IBM and Google Cloud announced a strategic cooperation to enable scaled AI adoption by combining human expertise and AI-driven delivery models. 12. Hon Hai and Intel have entered into a strategic collaboration to jointly develop an artificial intelligence platform. 13. AI is "devouring" memory chips; nine major U.S. industries jointly wrote to urge the Trump administration to expand production. 14. Futu: Starting June 12, stock accounts in mainland China will be suspended from buying (opening positions) trades. Earnings announcements: 1. Broadcom Q2 revenue grew 48% year-on-year to $22.187 billion; Q3 AI revenue guidance of $16 billion fell short of expectations. 2. CrowdStrike Q1 revenue grew 26% year-on-year to $1.39 billion, turned profitable with net income of $27.8 million. Noteworthy events during U.S. stock trading hours: 22:00 U.S. May Global Supply Chain Pressure Index (Gelonghui)```
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