Crypto Morning News: Canada plans to launch Solana spot ETF this week; Ethereum Foundation member releases simplified Ethereum roadmap
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Crypto Morning News: Canada plans to launch Solana spot ETF this week; Ethereum Foundation member releases simplified Ethereum roadmap
Bitcoin implied volatility rises as mixed tariff signals spark market uncertainty.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Fed's Waller: If tariffs trigger a significant economic slowdown, I'd favor earlier and larger rate cuts
According to Jin10 News, Federal Reserve Governor Christopher Waller stated that the new tariff policies represent one of the most significant shocks to the U.S. economy in decades. If the current average tariff rate of 25% persists for some time, inflation could peak near 5%; if tariffs are reduced to 10%, inflation might peak at around 3%. In a high-tariff scenario, if there is a significant economic slowdown, he would personally lean toward cutting interest rates earlier and by a greater magnitude than previously anticipated. Under a lower-tariff scenario, the Fed could afford to be more patient, with rate cuts potentially occurring in the second half of the year.
EU suspends retaliatory tariffs on U.S. goods until July 14, 2025
As reported by Barrons, the European Union has announced it will suspend retaliatory tariffs on €21 billion worth of U.S. goods until July 14, 2025. This move aims to create space for negotiations with Washington. EU Trade Commissioner Valdis Dombrovskis arrived in Washington on Monday to meet with U.S. officials, hoping to reach an agreement before the 90-day deadline expires. The European Commission said it is still preparing countermeasures against the U.S. 20% tariffs but emphasized its clear desire to avoid retaliation, calling the American tariffs "unreasonable and harmful," potentially damaging to both economies and the global economy.
Matrixport: Bitcoin implied volatility rises as tariff signals remain mixed, fueling market uncertainty
Matrixport analysis shows that despite major tariff events having passed, Trump’s unclear tariff statements continue to keep bitcoin’s implied volatility elevated—nearly 20 percentage points above recent lows. Markets are pricing in this uncertainty, requiring bitcoin traders to remain cautious amid rising risk levels.
Bloomberg Analyst: Canada plans to launch Solana spot ETF this week
A Bloomberg analyst reported that Canada intends to launch a Solana spot ETF this week. Canadian regulators have approved several firms—including Purpose, Evolve, CI, and 3iQ—to issue spot Solana ETFs, which are expected to go live shortly. These ETFs will offer staking functionality through TD.
OpenSea announces upcoming Solana-based NFT trading
According to official announcements, NFT marketplace OpenSea has opened Solana token trading on its new platform OS2 for select beta users and plans to gradually expand access over the coming weeks. OpenSea confirmed that native Solana NFT trading functionality will also be rolled out soon.
Metaplanet becomes top ten Bitcoin holder
Based on data from Bitcointreasuries, after purchasing an additional 319 bitcoins, Metaplanet has risen to become the tenth-largest corporate or governmental holder of Bitcoin, now holding 4,525 BTC valued at approximately $380 million.
Hong Kong Financial Secretary Chan Mo-po: Actively attracting Chinese概念股 (ADR) back to list in Hong Kong
According to Zaotiaobao, Hong Kong Financial Secretary Paul Chan Mo-po stated that he has instructed financial authorities to actively attract Chinese concept stocks to list in Hong Kong. The government has established a regulatory framework conducive to overseas-listed companies conducting dual or secondary listings in Hong Kong and has asked the Securities and Futures Commission and stock exchange to prepare accordingly.
Earlier, The Wall Street Journal reported that Chinese officials have recently discussed with domestic firms the possibility of delisting from U.S. exchanges, while U.S. Treasury Secretary Bessent did not rule out pushing for delisting of Chinese ADRs. Analysts believe this would further solidify Hong Kong’s position as the preferred listing destination for Chinese equities and bonds.
VC insider claims: OM is a grassroots OTC scheme
Rui from HashKey Capital and Ye Su, Founding Partner at ArkStream Capital, revealed on X that the cryptocurrency project MANTRA (OM) operates as a “grassroots OTC scheme,” with an OTC market size reaching $500 million. It runs in cycles where new OTC tokens absorb old OTC sell-offs, continuing until the final unlocked tokens collapse when the OTC pool can no longer support them.
The爆料indicates that in 2023, when OM’s FDV dropped to $20 million and was nearly abandoned, a Middle Eastern capital firm stepped in via intermediaries, acquiring control while retaining only the CEO. This Middle Eastern investor holds substantial physical assets such as luxury homes and resorts, later rebranding OM as a real-world asset tokenization (RWAfi) project.
Ye Su noted that under tight control, OM achieved the highest gain on Binance in 2024, surging 200x, and the team continues to promote its “OTC scheme” business recently.
He Yi: Binance does not charge listing fees but offers various types of listing-related airdrops
Binance co-founder He Yi posted that projects wishing to list on Binance may allocate their budget toward initiatives like Binance Wallet IDO, Launchpool, or Mega Airdrop. She emphasized that Binance does not charge official listing fees.
Ethereum Foundation member shares simplified roadmap: Scale blobs, scale L1, improve UX
ethereum foundation member joshrudolf.eth shared a simplified roadmap on X, outlining three key directions: scaling blobs, scaling Layer 1, and improving user experience—with focus on L2 interoperability and application layer enhancements.
In addition, core Ethereum developer Tomasz K. Stańczak posted on social media that secondary development priorities include enabling asset minting directly on L1, capturing the RWA and stablecoin markets, improving communication and managing expectations clearly, and significantly raising security standards to support a quadrillion-dollar economy. For the long-term vision, Ethereum aims to build infrastructure for AI and autonomous protocols, attract autonomous machines to use the network, enhance privacy between individuals, and advance open-source societal development.
Data: Nearly half of South Korea’s “crypto whales” are aged 50 or older
Seung Yoon Lee, CEO of Story Protocol, posted that in South Korea, cryptocurrency is one of the few things capable of bringing together younger and older generations.
Data from Dong-A Ilbo shows a notable shift in the age distribution of crypto investors in South Korea. Investors aged 50 increased by 56.4% year-on-year, reaching 1.75 million; those aged 60 and above grew from 371,800 to 636,700—an increase of 52.6%.
Notably, nearly half of investors holding over 1 billion KRW (~$730,000) in crypto assets—classified as "whales"—are aged 50 or above.
Market Data
Suggested Reading
East HashKey Chain, West Base: The TradFi Battle Amid Regulatory Trends
This article explores the breakout trend of on-chain finance in 2025, analyzing compliance efforts by representative Eastern and Western crypto firms Coinbase and HashKey, and how they are driving convergence between on-chain and traditional finance. It emphasizes dual-track development in technology and ecosystems and forecasts future directions for on-chain finance.
Uncovering MANTRA’s Dark History: Market Manipulation, Legal Disputes, and Grassroots OTC Schemes
This article examines the sudden crash of the MANTRA token OM, which plummeted up to 90%. The crash reflects not just technical issues but the eruption of long-standing structural problems. Issues such as extreme centralization, legal disputes, and financial games have been exposed, triggering market skepticism about the project’s legitimacy. Forced liquidations and large-scale exits by strategic investors were primary causes of the collapse.
Exchanges Must Immediately Cease Promoting Derivatives Trial Funds to College Students
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Top 10 Potential Airdrop Projects in the Sui Ecosystem
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After the AI Agent Bubble Bursts, Where Are the Next Trends and Projects?
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