Bitpush Editor's Daily Selected Web3 News:
【GameStop: Purchased 4,710 Bit during the period from May 3, 2025, to June 10 with cash】
The US-listed company GameStop (GME.N) announced that it purchased 4,710 Bit with cash during the period from May 3, 2025, to June 10.
【SEC Requires Solana ETF Issuers to Modify S-1 Form, Possible Approval in 3-5 Weeks】
According to Blockworks, citing sources, the SEC requires Solana ETF issuers to modify the S-1 form and may approve it within 3-5 weeks.
【White House: Reports of Treasury Secretary Bezant Being Considered as Next Fed Chair Are False】
The White House stated that reports of Treasury Secretary Bezant being considered as the next Federal Reserve Chair are not true.
Previously, sources revealed that more and more advisors inside and outside the Trump administration were pushing for another person to become the next Federal Reserve Chair: Treasury Secretary Scott Bezant. President Trump said last Friday that he would appoint Powell's successor "soon". Powell's Fed Chair term will end in May 2026. Two sources said that the official interview for the position has not yet begun.
【SEC Launches Review of Bitwise Bitcoin and Ethereum Hybrid ETF Listing Application】
According to the official announcement, the US Securities and Exchange Commission (SEC) today announced the launch of a program review of the NYSE Arca exchange's submitted Bitwise Bitcoin and Ethereum hybrid ETF listing application.
The ETF plans to hold both Bitcoin and Ethereum, with asset allocation based on the relative market capitalization of the two cryptocurrencies (currently about 83% Bitcoin and 17% Ethereum). The ETF will determine its daily net asset value by referencing the CME CF Bitcoin and Ethereum pricing benchmarks and allow authorized participants to make cash subscriptions and redemptions in units of 10,000 shares.
【LD Capital Founder Reaffirms Long on Ethereum, Currently Holding 100,000 ETH Option Long Positions】
LD Capital Founder JackYi again reaffirmed his firm long stance on Ethereum and its ecosystem tokens, stating that he currently holds 100,000 ETH option long positions. He believes Ethereum ecosystem is underestimated due to: ETH token itself being undervalued, expecting ETH/BTC exchange rate to rebound during bull market; after crypto policy relaxation, projects with real income, users, and products will first benefit from traditional capital inflow; Wall Street funds are currently flowing into Ethereum for positioning. LD Capital's Trend Research is bullish on ETH, currently holding 142,000 ETH with a floating profit of $42.35 million. Trend Research stated that the institution started long positioning from ETH at $1,400 and wrote a research report at $1,800, being the first in the network to go long.
【Bitwise CEO: The More Bitcoin Breaks New Highs, the Less Selling, Liquidity Scarcity Will Boost Price】
Bitwise CEO Hunter Horsley wrote that once Bitcoin breaks through $130-150,000, no one will sell Bitcoin. Currently, with Bitcoin at $100,000, early investors who bought at extremely low prices are doing partial selling. Once Bitcoin breaks through a new level, this situation will gradually decrease. From then on, when people need liquidity, they will increasingly need to borrow from holders. All this will further drive price increases, and there won't be enough Bitcoin in circulation.
Twitter: https://twitter.com/BitpushNewsCN
Bitpush TG Group: https://t.me/BitPushCommunity
Bitpush TG Subscription: https://t.me/bitpush
