During the US Senate hearing, Gary Gensler, the head of the US Securities and Exchange Commission, stated that he expects the S1 application for a spot ETH ETF to be approved sometime in the summer.

Due to the Fed's expression of not being eager to ease monetary policy, the U.S. money market funds saw an inflow of about $28 billion this week, pushing the scale to a record $6.12 trillion.
The Jackson Hole central bank annual meeting will be held in August. The director of the Federal Reserve has always used speeches at this forum to indicate significant changes in the Fed's plans or ideas.
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