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BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFs
BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFs

The 11 U.S. spot bitcoin ETFs reported a total daily net inflow of $28.32 million on Wednesday.As of Tuesday, BlackRock’s IBIT became the largest spot bitcoin ETF in terms of net assets.

The Block·2024/05/30 05:55
Galxe to release alpha mainnet of Layer 1 blockchain in June using Arbitrum Nitro
Galxe to release alpha mainnet of Layer 1 blockchain in June using Arbitrum Nitro

Web3 credentials platform Galxe plans to launch a new Layer 1 blockchain named Gravity, aimed at streamlining cross-chain interactions. The alpha mainnet, using the Arbitrum Nitro stack, is targeted to launch in June 2024 for preliminary testing. A fully operational mainnet is expected in the second quarter of 2025.

The Block·2024/05/30 05:52
Fidelity’s spot ether ETF appears on DTCC under ticker FETH
Fidelity’s spot ether ETF appears on DTCC under ticker FETH

Fidelity’s proposed spot ethereum fund was listed on the DTCC website, following those from BlackRock, VanEck and Franklin Templeton.The U.S. SEC approved 19b-4 forms for eight spot ether ETFs last week.

The Block·2024/05/30 03:58
Flash
22:00
Goldman Sachs: No Longer Expects Fed to Cut Rates This Year Due to Strong Labor Market
BlockBeats News, June 8th, a Goldman Sachs economist stated that due to a stronger-than-expected labor market, the Fed is no longer expected to cut interest rates this year. The bank has pushed back its expected timing for the Fed's last two rate cuts from December 2026 and March 2027 to June 2027 and December 2027. However, Goldman's Chief U.S. Economist, Mericle, pointed out that due to inflation "seemingly unlikely to become self-sustaining," the possibility of the Fed raising rates remains slim. The strong job growth in May, exceeding all expectations, has shown the resilience of the labor market and intensified market bets on the central bank's rate hikes. Goldman continues to believe that the likelihood of a rate hike is low but has raised the probability of a small rate hike from 10% to 20%. The bank's baseline forecast still expects two 25-basis-point rate cuts next year, but the probability has decreased from 40% to 30%. Goldman has also lowered its forecast for this year's U.S. unemployment rate from the previous 4.6% to 4.4%.
18:41
CITIC Securities: US Stocks May Experience a Volatility Period of at Least One to Two Months
On June 7, CITIC Securities' research report stated that the continued better-than-expected non-farm payroll data in May further signals a stabilization and recovery in the US labor market, catalyzing market expectations for interest rate hikes and leading to significant adjustments in asset prices. The US dollar strengthened, US Treasury yields surged, US stocks fell sharply, and gold weakened. CITIC Securities believes that there are still significant internal disagreements within the Federal Reserve, and it may not raise interest rates within the year. However, the market in June may temporarily be affected by liquidity shocks, and US stocks may face a volatility period of at least one to two months.
16:00
WaterX has completed the first SpaceX Pre-IPO allocation sale on the Sui chain, which sold out in 50 minutes
BlockBeats News, June 7th, according to official sources, Sui's on-chain AI-native trading platform WaterX completed the first round of SpaceX (SPCX) Pre-IPO quota sale on May 27th last week. The sale was conducted on a first-come, first-served basis and was sold out in 50 minutes. This marks the first Pre-IPO quota sale of a real private market company on the Sui blockchain. The rapid subscription of the first round demonstrated strong demand for scarce assets in the market. For the Sui ecosystem, it signifies that private market assets are becoming a new category that this public chain can support. Subsequent rounds and assets will be announced through the official WaterX channels. WaterX is an AI-native trading platform built on Sui, integrating perpetual contracts, prediction markets, and tokenized RWAs as its three core engines. Recently, WaterX announced its selection into the Sui Foundation's Moonshots Program. The WaterX prediction market is also set to launch soon, with the first wave covering all FIFA World Cup event markets. To celebrate the launch, WaterX will simultaneously launch the "2026 World Cup Blind Box" event: users can choose the team they support and invite friends to join, and on the day of the launch, they can open a World Cup-exclusive blind box.
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