According to Huoxun Finance, after liquidating all his ETH holdings, Bankless co-founder David Hoffman allocated approximately 50% of his funds to invest in VVV, NEAR, ZEC, and HYPE, while using the remaining 50% of his cash reserves to invest in LIT through dollar-cost averaging. He explained that the narrative of ETH as "a currency" has been fully priced in, and the Ethereum network valuation matches its current achievements. However, he believes that the ETH asset itself is unlikely to be repriced, and he remains extremely optimistic about the prosperity of the Ethereum ecosystem, although ecosystem success rarely translates into ETH prices.

According to Huoxun Finance, the transition period for the EU's Crypto Asset Market Regulation (MiCA) will end on July 1, 2026. The European Securities and Markets Authority (ESMA) stated that by then, crypto asset service providers that have not obtained MiCA authorization, even if their applications are still under review, will not be allowed to continue providing services to EU clients and will need to initiate business closure and customer migration arrangements.

Huoxun Finance reports that prediction market platform Kalshi has officially launched its Bitcoin perpetual contract, the first regulatory-approved Bitcoin perpetual contract product in the United States. Using the spot price of Bitcoin as a reference, it is classified as a futures contract. The U.S. Commodity Futures Trading Commission (CFTC) has reviewed and determined that the BTCPERP contract complies with the Commodity Exchange Act and related regulatory requirements, including the core principles applicable to designated contract markets.

According to Huoxun Finance, prediction market platform Kalshi has officially launched Bitcoin perpetual contracts. This is the first regulatory-approved Bitcoin perpetual contract product in the United States, using the spot price of Bitcoin as a reference and classified as a futures contract. The U.S. Commodity Futures Trading Commission (CFTC) reviewed the contract and determined that it complies with the Commodity Exchange Act and related regulatory requirements, including the core principles applicable to designated contract markets.

Odaily Planet Daily reports that when SpaceX announced its IPO underwriters, Jefferies was not among them. However, short-selling investors and some senior executives at Jefferies saw this as a rare opportunity. According to sources, hedge funds that did not invest in SpaceX are contacting Jefferies to inquire about shorting the company after its IPO. As the largest U.S. investment bank not involved in the SpaceX listing, Jefferies is now uniquely positioned to arrange these deals. While Wall Street firms typically help clients manage multiple investments in a single company's stock, lawyers at these firms may feel uneasy when one department announces a bullish view on a stock while another helps clients short it. Moreover, it's unpredictable how Elon Musk, known for his fickle nature, would react if any of the 23 banks underwriting SpaceX's IPO were to reverse course and short the stock. (Jinshi)