ChainCatcher news, according to Jinshi Data, Gan Tian, CEO of Huaxia Fund (Hong Kong), stated that by the end of May 2025, the global issuance of stablecoins will exceed 235 billion USD, and stablecoins have surpassed Visa's 40 years of transaction volume in just 5 years. If we consider stablecoins as M0 > 250 billion USD, a narrow measure of the money supply (analogous to the traditional monetary system's M0), the total financial asset scale formed is conservatively estimated to reach 14 trillion USD, while more optimistic estimates suggest it has reached 27 to 28 trillion USD.Gan Tian predicts that within the next decade, all traditional financial assets in the financial market will be on-chain, as going on-chain is necessary to break through the limitations of transaction timeliness under traditional settlement models. In the next 5 to 8 years, the entire financial system's middle and back office will face significant transformations.

ChainCatcher news, according to Nate Geraci, president of The ETF Store, in a post on X: "The U.S. Securities and Exchange Commission (SEC) will face the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week, which holds BTC, ETH, XRP, SOL, and ADA. The likelihood of approval is high. Once approved, subsequent spot ETFs for single assets like XRP, SOL, and ADA may follow.If the SEC approves GDLC, there is an additional benefit that can serve as a 'trial run' for incorporating more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which would be a gentle way for regulators to gradually engage with other crypto assets."

ChainCatcher News, U.S. ETF expert and CEO of ETF Store Nate Geraci tweeted: "The final review deadline for the Grayscale Digital Large Cap Fund (GDLC) ETF conversion application by the U.S. Securities and Exchange Commission (SEC) is this week. This ETF is 'very likely' to be approved.The ETF covers BTC, ETH, XRP, SOL, and ADA. Subsequently, the approval of spot ETFs for other altcoin stocks will also proceed."

ChainCatcher news, according to The Block, CoinLedger CEO David Kemmerer stated that in the past 60 days, the number of U.S. users receiving letters from the Internal Revenue Service (IRS) has surged by 758%, and accounting firms such as Taxing Cryptocurrency have also confirmed this trend.Kemmerer mentioned in an email that although Trump has expressed a desire to eliminate cryptocurrency taxes in the U.S., Congress has not yet proposed any related legislation. Meanwhile, many investors still mistakenly believe that they do not need to report cryptocurrency assets when filing taxes. He added that this could be the beginning of a broader enforcement wave, especially in light of the new 1099-DA tax reporting regulations set to take effect next year.

ChainCatcher news, according to the official announcement, Grayscale Research has updated the Top 20 assets list for the third quarter of 2025. This quarter, Avalanche (AVAX) and Morpho (MORPHO) have been added due to increased on-chain trading activity and strong growth in decentralized lending, respectively. Lido DAO (LDO) and Optimism (OP) have been removed due to competitive pressure from centralized staking services and uncertainty in token revenue distribution.

ChainCatcher news, according to the official page, Grayscale has officially launched the Grayscale Space and Time Trust (code SXT), open to qualified accredited investors. As of the time of publication, the trust manages assets of $14,687,181.81, with a net asset value per share of $7.34.

ChainCatcher news, according to monitoring by farside, yesterday ARKB had a net inflow of 43.8 million USD, and Grayscale BTC had a net inflow of 7.5 million USD.

ChainCatcher news, according to the amended S-1 registration statement submitted by Grayscale on June 14, the management fee rate for this trust product is 2.5%.

ChainCatcher news, according to market news, Grayscale Space and Time (SXT) Trust has registered in Delaware.

According to ChainCatcher news, the draft document shows that Japan will reduce the planned government bond sales for the fiscal year 2025/2026 by 500 billion yen to 171.8 trillion yen; the issuance scale of 20-year and 30-year government bonds will be reduced by 900 billion yen each, to 11.1 trillion yen and 8.7 trillion yen, respectively; Japan will increase the issuance of two-year government bonds, one-year, and six-month discount treasury bills, each by 600 billion yen; and will increase the issuance of 500 billion yen government bonds to households, bringing the total to 5.1 trillion yen.The revised issuance plan will be submitted for discussion to primary dealers at a meeting on Friday. This move aims to alleviate market concerns about supply and demand imbalances, as recent auction demand has been weak, causing long-term bond yields to soar to historic highs last month. Additionally, there are some ideas to repurchase previously issued ultra-long-term Japanese government bonds at low interest rates to improve the supply-demand balance.

ChainCatcher message, the cryptocurrency asset management company Grayscale stated in a post on platform X that ETH remains a foundational asset in the cryptocurrency industry. With its dominance in applications, assets, and developer activity, Ethereum continues to generate substantial transaction fee revenue. If it successfully scales, annual transaction fee revenue is expected to grow further.

ChainCatcher news, according to The Block, recently there has been a wave of companies (many of which have small market capitalizations) announcing their intention to buy large amounts of popular altcoins like XRP and Solana. These companies often come from seemingly unrelated corners of the business world. Matthew Sigel, head of digital assets at VanEck, stated that these so-called initiatives are likely just attempts to inflate the stock prices of small-cap companies, many of which are traded on Nasdaq.Sigel said, "Many are insiders trying to pump and dump; if the market cap is negligible and there are no new investors disclosed, I would consider this a scam."

ChainCatcher message, the office of Israeli Prime Minister Netanyahu told TASS that Israel is prepared for the possibility of a full-scale war with Iran.

ChainCatcher news, according to Jin10 data reports, Meta Platforms is in talks with artificial intelligence startup Scale AI for a potential investment of over $10 billion. If this deal is reached, it will become one of the largest private financing activities in history.Scale AI was founded in 2016 by CEO Alexandr Wang and primarily provides data labeling services to help companies train machine learning models. The company has become a major beneficiary in the wave of generative artificial intelligence, with clients including Microsoft and OpenAI. Scale AI was valued at approximately $14 billion in a funding round in 2024, and after this financing, its valuation is expected to exceed $29 billion.

ChainCatcher news, according to market news, the SEC has postponed its decision on Grayscale's HEDERA spot ETF.

ChainCatcher news, according to Reuters, the assets held by crypto funds reached an all-time high in May. Data from Morningstar on 294 crypto funds shows that these funds attracted a net inflow of $7.05 billion last month, the highest level since December of last year, bringing total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data shows that global equity funds experienced a net outflow of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, amounting to $678 million.Analysts point out that investors are viewing cryptocurrencies as a component of a diversified portfolio, rather than just a high-risk asset. Concerns about the investment outlook in the U.S. and expectations of a weaker dollar have driven funds into cryptocurrencies.

ChainCatcher news, according to Jin10 data reports, Meta Platforms (META.O) is in talks with artificial intelligence startup ScaleAI for a multi-billion dollar investment, which could value the financing at over 10 billion dollars.