From May 3 to June 10, 2025, Game Station will buy 4,710 BTC with cash; The SEC requires Solana ETF issuers to amend their Form S-1, which may be approved within 3-5 weeks; US White House: Reports that US Treasury Secretary Bessant is considered a candidate for the next Fed chair are not true; SEC Initiates Review of Bitwise Bitcoin-Ethereum Hybrid ETF Listing Application

Daily curated Web3 news by Bitu Editor:

[Game Station: Purchase 4,710 Bitcoins with cash from May 3 to June 10, 2025]

According to news from BitPush, the US-listed company GameStop, GME.N, announced that it purchased 4,710 bitcoins in cash between May 3 and June 10, 2025.

[SEC Requires Solana ETF Issuer to Amend Form S-1, May Be Approved in 3-5 Weeks]

According to reports from Bi推消息, citing sources familiar with the matter, the SEC has requested Solana ETF issuers to amend their S-1 filings, and approval may be granted within 3-5 weeks.

[US White House: Reports that US Treasury Secretary Bessant is considered a candidate for the next Fed chairman are not true]

According to Bitpush News, the White House stated that reports regarding U.S. Treasury Secretary Basant being considered as a candidate for the next Federal Reserve Chair are untrue.

According to sources, more and more advisors inside and outside the Trump administration are pushing for another person to take over as the next chairman of the Federal Reserve: Treasury Secretary Scott Basset. President Trump stated last Friday that he would "soon" appoint Powell's successor. Powell's term as Federal Reserve chairman will end in May 2026. Two informed sources said that formal interviews for the position have not yet begun.

[SEC Launches Review of Bitwise Bitcoin Ethereum Hybrid ETF Listing Application]

According to BiTui news, the U.S. Securities and Exchange Commission (SEC) today announced the initiation of the procedural review of the Bitwise Bitcoin and Ethereum hybrid ETF listing application submitted by the NYSE Arca exchange.

The ETF plans to hold both Bitcoin and Ethereum, with asset allocation based on the relative market values of the two cryptocurrencies (currently about 83% Bitcoin and 17% Ethereum). The ETF will determine its daily net asset value by referencing the CME CF Bitcoin and Ethereum pricing benchmarks and will allow authorized participants to subscribe and redeem in cash in increments of 10,000 shares.

[LD Capital founder reiterates bullish outlook on Ethereum, currently holds 100,000 ETH call options long position]

JackYi, the founder of LD Capital, once again reiterated that he is firmly bullish on Ethereum and its ecological tokens, saying that he currently holds a long position of 100,000 ETH options, and believes that the reasons for the undervaluation of the Ethereum ecosystem include: the ETH token itself is undervalued, and he is optimistic that the ETH/BTC exchange rate will rebound during the bull market; After the liberalization of the crypto policy, projects with real income, users, and products will be the first to benefit from the inflow of traditional capital; Wall Street money is recently flowing into Ethereum to open positions. Trend Research, a subsidiary of LD Capital, is bullish on ETH and now holds 142,000 ETH, with a floating profit of $42.35 million. Trend Research said that the institution started to build a long position at $1,400 in ETH this round, and at $1,800, it wrote a research report and was first bullish on the whole network among the institutions.

[Bitwise CEO: The higher Bitcoin breaks new highs, the less selling there will be; liquidity shortages will drive prices up]

Bitwise CEO Hunter Horsley tweeted that I don't think anyone will sell Bitcoin once it breaks through $1.3 million to $1.5 million. Bitcoin is currently trading at $100,000 and early investors who bought at a very low price are selling partially. This will gradually decrease once Bitcoin breaks through new levels. From then on, when people need liquidity, there will be a need to borrow more and more from holders. All this will further drive the price up, and there will simply not be enough bitcoins in circulation.