The United States' ambitious clean energy transition faces a significant legislative threat. A sweeping bill introduced in the House of Representatives—dubbed the “Megabill”—aims to overhaul federal spending, including revisions to renewable energy subsidies. An analysis by POLITICO reveals that up to 794 planned clean electricity facilities, primarily in Republican-held districts, are now at risk of losing critical financial support if the bill passes without amendment.
MicroStrategy Inc. $MSTR has evolved into a publicly traded vehicle for bitcoin $BTCUSD exposure. With a market cap exceeding $100 billion, the company’s valuation is now directly linked to crypto price action and flows from index-based funds.
Global hedge funds have significantly increased their exposure to Asian equity markets, marking the sharpest rise in regional trading volumes in over five years, according to a recent note from Goldman Sachs $GS. Between June 6 and June 12, long positions across Japan, Hong Kong, Taiwan, and India surged to the highest levels since September 2024, highlighting a renewed appetite for risk despite macroeconomic uncertainty.
Ethereum $ETHUSD remains locked in a volatile consolidation range, trading between $2400 and $2800, as heightened geopolitical risks stemming from the ongoing Israel-Iran conflict continue to weigh on global investor sentiment. The second-largest cryptocurrency by market capitalization has failed to sustain momentum above key resistance levels, underscoring weak risk appetite and a cautious outlook in the digital asset space.
Trump Media & Technology Group $DJT, the parent company of the conservative-leaning social media platform Truth Social, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new cryptocurrency ETF. The proposed fund would invest in both Bitcoin (BTC) and Ethereum (ETH) — the two most valuable cryptocurrencies by market capitalization. This marks DJT’s second ETF application in under two weeks, signaling a strategic pivot toward financial products amid intensifying competition in the digital asset space.
Virtu Financial Inc. $VIRT, one of the world’s most prominent algorithmic trading and market-making firms, is exploring entry into mainland China’s financial markets, signaling a potential turning point for global participation in the country’s vast exchange-traded fund (ETF) segment.
Several financial firms have recently updated their applications with the U.S. Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs) that would track the price of Solana $SOLUSD, a prominent cryptocurrency token. These amendments aim to respond to regulatory questions raised by the SEC, reflecting the heightened oversight the agency exercises over crypto-related investment products. Despite these efforts, sources indicate that the SEC shows no immediate intention to expedite approval of these Solana ETFs, underscoring ongoing regulatory prudence in the U.S. crypto market.
Crude benchmarks rebounded sharply following Israel’s targeted strikes on Iranian nuclear and military assets. Brent futures jumped over 13%, reversing recent bearish trends driven by oversupply concerns and sluggish global demand. The strike renewed fears of regional instability, injecting a fresh geopolitical risk premium into oil markets.
Gold $XAUUSD prices climbed to their highest level in a week on Thursday, supported by a resurgence in Middle East tensions and cooler U.S. macroeconomic data, which reignited market expectations for Federal Reserve rate cuts. The yellow metal continues to serve as a safe-haven asset amid geopolitical instability and signs of a slowing U.S. economy.
American exchange-traded funds investing directly in Ether $ETHUSD have recently demonstrated the longest sequence of daily inflows in the current year. This trend marks a renewed interest among institutional investors for the second-largest cryptocurrency. Over the course of 14 consecutive trading sessions, a collective of nine ETFs has amassed $812 million. This significant growth stands out in 2025, propelled by the sharp increase of about 65% in open interest on Ether futures offered by CME Group $CME in May. These figures are approaching all-time highs, indicating a shift in investor sentiment.
On Tuesday, NYSE Arca submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval for listing the Truth Social Bitcoin Exchange-Traded Fund (ETF). Since their debut in January 2024, Bitcoin-focused ETFs have gained considerable traction, attracting billions of dollars in investment as market participants increasingly seek regulated and liquid instruments to access cryptocurrency exposure. This move coincides with related filings by Trump Media and Technology Group $DJT, which recently applied to trademark six investment products linked to Bitcoin, as well as the U.S. manufacturing and energy sectors.
On Tuesday, NYSE Arca submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin Exchange-Traded Fund (ETF). Since the debut of bitcoin-focused ETFs in January 2024, these financial instruments have attracted billions of dollars in assets under management, reflecting strong investor appetite for regulated and liquid avenues to gain exposure to the cryptocurrency market. This move comes amid increasing institutional interest and broader acceptance of bitcoin as an investable asset.
