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Today the market has finally turned for the better, mainly due to the good news from Ethereum! First, the SEC has ended its investigation into ETH 2.0. The market's interpretation is that the SEC has given up on classifying ETH as a security. If this interpretation is correct, then this news is definitely of epic favorable information, because once ETH jumps out of the security pit, the stake function of the ETF may be approved. Unlike Bitcoin holders, Ethereum holders can consider compound interest through stake, as they can easily earn around 4% APY on-chain. If the spot ETF can be purchased and custodied on mainstream US exchanges, it will make ETH more convenient and secure. However, this alone is not enough to offset the lack of 4% annual interest, so being recognized as a commodity by the SEC is absolutely crucial. Everyone can look forward to a fully staked Ethereum spot ETF in the future!
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Another development in the Ethereum spot ETF, last night, a person familiar with the matter revealed that the SEC has requested major ETF issuers to submit the S-1 filing by this Friday. The usually slow-moving SEC is pushing again, seeming quite urgent. This is similar to the SEC's actions before through the 19b-4 filing, indicating that the SEC is indeed under external pressure. Now, several Bloomberg analysts unanimously believe that the Ethereum ETF will be listed before July 4th, so the next 15 days are most likely the Ethereum gold speculation period.
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The AI track also has major events: Fet, Agix, and Ocean, the three major tokens, merged into AsI. After the merger, the circulating market cap of AsI will become the second largest token in the AI track, with Rndr still being the first affected by the news: AI as a whole rebounded strongly again. Subsequently, before AsI is launched on AnAn on July 5th, there will be a pre-hype, raising the coin price and the market cap of the single coin. After the launch, AsI will cause the problem of relatively dispersed chips because it directly exchanges the quantity of tokens on the exchange. A good track is a continuous story, all kinds of news, and then pumping, patiently holding spot positions and waiting!