This is really Endgame...

The total daily trading volume of the Hong Kong BTC spot ETF averaged US$4.3215 million, reaching a record high of US$11.4984 million on June 11.

Global politics has once again become the focus, and French President Macron unexpectedly announced the dissolution of parliament and re-election after his allies suffered a crushing defeat in last week's European Parliament elections. Cryptocurrency market sentiment remained sluggish last week, with a lack of catalysts and weak price performance.

Both Bitcoin and Ethereum prices experienced two declines in the past week, with volatility reaching all-time highs when data was released on June 12.

In this week's FOMC meeting, the Fed's official statement and dot plot brought a hawkish impact to the market. Implied volatility steepened to an intraday high at noon, and a bullish volatility strategy represented by the 28 JUN 24 66000-68000 Long Strangle appeared on BTC.

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Whether or not the stock has the pledge function may affect the future market growth potential.

US SEC Chairman: Ethereum ETF S-1 is expected to be approved this summer.

The CPI data was much lower than expected, with the core CPI up 0.16% month-on-month (the lowest level since August 2021), well below the market expectation of 0.3%. Cryptocurrency prices have been struggling all week despite the overall strengthening macro environment.

frxETH has the highest yield among all LSD products, but its TVL has plummeted. What information is hidden behind this?

The U.S. unadjusted CPI annual rate in May was 3.3%, in line with expectations of 3.40% and the previous value of 3.40%.

In terms of options, the front-end IV rose sharply as the US economic event gradually approached, and the far end was also slightly adjusted upward. In terms of trading, with the price rebound, low Vol Skew and a sharp increase in IV, the front end did not continue the Put Flow yesterday.

Most institutions are still bullish or recommend buying on dips.

The market is paying attention to the FOMC meeting and CPI data on the 12th. The market's short-term risk aversion sentiment has intensified. The BTC price surged and then fell back to the current level of around US$68,000. The overall wealth-creating effect of the market is average.

The Cancun upgrade significantly reduces transaction costs and increases transaction volume, solidifying the importance of Layer 2 in the Ethereum ecosystem.

Trump has pledged to support cryptocurrency mining operations.