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Cuomo proposes a Chief Innovation Officer to lead NYC’s push into blockchain and AI, aiming to make the city a global crypto hub.Cuomo’s Tech Vision for New York CityChief Innovation Officer: Driving the Blockchain AgendaMaking NYC a Global Crypto Hub
Coinbase, Chainlink, Galaxy, and others to meet Senate Democrats Wednesday to discuss crypto market structure legislation.Crypto Leaders Head to Capitol HillShaping the Future of Crypto RegulationWhy This Meeting Matters
US spot Bitcoin ETFs saw $1.23B in outflows last week, the second-largest to date. Ethereum ETFs followed with $311.8M in outflows.Massive Capital Exit Hits Bitcoin and Ethereum ETFsInvestor Sentiment Shifting Amid Market UncertaintyWhat This Could Mean for the Market
- 11:47Morgan Stanley: It’s Too Early to Be Bullish on the Market NowJinse Finance reported, citing market news released by Bloomberg analyst Walter Bloomberg, that Michael Wilson of Morgan Stanley has warned that, given the ongoing trade tensions between China and the US, weak earnings forecasts, and credit pressures, it is still too early to be bullish on the market. He stated that if the tensions persist beyond November, the S&P 500 Index could fall by as much as 11%. Wilson hopes that before confidence is restored, trade tensions will ease more clearly, earnings per share trends will stabilize, and liquidity will become more abundant. However, he expects the market to recover within 6-12 months. John Stoltzfus of Oppenheimer Holdings is also optimistic about the market, noting that the earnings of S&P 500 constituents have risen by 16% so far, exceeding expectations.
- 11:44Analysis: Bitcoin Enters Re-Accumulation Phase Influenced by Fed's Easing ExpectationsAccording to ChainCatcher, as reported by CoinDesk, after a period of persistent selling pressure that led to depressed prices, bitcoin has rebounded as global risk sentiment improves, with signs indicating that the Federal Reserve may ease monetary policy later this year. Corporate entities continue to accumulate bitcoin. Data from Bitcoin Treasuries shows that holdings have increased by 8.4% over the past 30 days, reaching 4.04 million BTC. Analyst Linh Tran stated that bitcoin is currently in a re-accumulation phase following a short-term correction. Market sentiment is stabilizing, institutional demand remains resilient, but caution is still warranted.
- 11:44VanEck submits application for Lido Staked Ethereum ETFChainCatcher news, according to official sources, VanEck has announced that it has submitted an S-1 registration form to the U.S. Securities and Exchange Commission (SEC), applying for the Lido Staked Ethereum ETF (VanEck Lido Staked ETH ETF).