ETH falls below the $2550 mark

According to Bloomberg, the US SEC has questioned the Ethereum and Solana collateralized ETFs launched by REX Shares and Osprey Funds, stating that they may not meet the definition of investment firms and ETFs under the Federal Securities Act. The US SEC stated that these funds may have "improperly submitted registration statements" and that "the disclosure in the registration statements regarding the identity of these funds as investment companies may be misleading". Greg Collett, General Counsel of REX Financial, said, "We believe we can make the U.S. Securities and Exchange Commission satisfied with the investment company's issues, and we do not intend to launch the fund until we do so

1. JPMorgan CEO says US government should not hoard Bitcoin 2. US Bitcoin spot ETF holds over 1.205 million BTC 3. Mexican billionaire considers converting all assets to Bitcoin 4. SlowMist Reveals Thief Gang Utilizing EIP-7702 Mechanism 5. Determination of FTX creditor fund distribution time 6. Renowned insurance company launches encrypted kidnapping insurance service 7. Brazilian fintech company M é liuz plans to issue stocks to purchase Bitcoin 8. BabyDoge announces upcoming launch of decentralized trading platform The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/462978

Odaily Planet Daily News: Bitcoin advocate Max Keiser published an article on May 30th criticizing Bitcoin finance companies that have recently imitated the MicroStrategy model, questioning their ability to maintain financial discipline in a long-term bear market. He stated that Michael Saylor has continued to increase positions and not sell during past bear markets, and many 'strategy cloning companies' have not yet experienced similar market conditions. If they encounter a pullback, they may not be able to demonstrate the same firm holding attitude. Keiser wrote, 'Saylor has never sold even at a loss, keep buying.'. It is foolish to believe that the new generation of BTC financial companies will have the same discipline. Strategy is the essence of Bitcoin in financial operations. Please act accordingly. ” After MicroStrategy's stock price surged to a peak of $543, dozens of strategy imitators emerged in the market, such as asset management company Strike (founded by Vivek Ramaswamy) announcing the adoption of BTC reserve strategy on May 7th; TMTG, a media technology company under Trump, also announced on May 27th that it will raise $2.5 billion to purchase Bitcoin. Another analysis suggests that the current premium of Metaplanet is as high as $600000, and investors pay nearly six times the cost of directly purchasing BTC to gain exposure. The premium risk is worth being wary of.

According to the data of major single orders in the past 12 hours, the total selling amount of the main force was as high as $186 million, while the buying amount was only $80 million, resulting in a net outflow of $106 million. The buy sell ratio reached 1:2.33, indicating that the main force is clearly biased towards short selling. Especially at 23:18 and 22:29, Binance contracts sold large orders of $18.05 million and $16.14 million respectively, directly suppressing the rebound momentum. Currently, BTC is below the EMA24 and EMA52 moving averages, with trading volume continuing to shrink to 32.13% of the average level. Market buying is weak, further verifying the exit signal of main funds. Main order tracking: Accurately revealing the main trend, leading by one step to capture trend turning points! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.

OKX-TAO is currently priced at $415.04, with a 5.68% increase in 24-hour sales. 24-hour transaction volume of 800 million US dollars, an increase of 34.73%, for reference only