BTCC Crypto Daily (June 11) | Solana ETF Approval Accelerates, Market Focuses on U.S. May CPI and Treasury Auctions

Last updated:06/11/2025

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1.Overview

The progress of the Solana spot ETF has accelerated, with approval potentially as early as July.
The Moscow Exchange has launched the Bitcoin derivatives index MOEXBTC, opening new financial instruments for the market.
Nasdaq has submitted a listing application to the U.S. SEC for the 21Shares SUI ETF.
Ethereum has risen to $2,800; its derivatives trading volume exceeded $110 billion over the past 24 hours, surpassing Bitcoin.

2.Macro & Policy Outlook

Key Events Today

The U.S. May unadjusted CPI year-on-year data will be released (previous: 2.30%).
The U.S. May seasonally adjusted CPI month-on-month data will be released (previous: 0.20%).
The U.S. Treasury will conduct a $39 billion 10-year bond auction.

Global Macro Developments

1.Moscow Exchange Launches “Milestone” Bitcoin Index
According to Bitcoin.com on June 11, the Moscow Exchange (MOEX) has launched a new Bitcoin derivatives index, MOEXBTC, further expanding its cryptocurrency product line and introducing new financial instruments to the market. Bitcoin.com described this as a key step for the Moscow Exchange in the crypto asset sector, stating that the index may serve as an important underlying asset for diversified financial products on the exchange in the future, marking a milestone for MOEX.

2.SEC Requests Solana Spot ETF Issuer to Update S-1 Filing, Approval May Come as Early as July
On June 11, sources revealed that the U.S. SEC has asked the issuer of the ソラナ（Solana） spot ETF to update its S-1 registration statement, signaling that approval may be forthcoming. This development has fueled expectations for formal approval as early as July, triggering broad rallies across the ソラナ（Solana） ecosystem.

3.Nasdaq Submits Listing Application for 21Shares SUI ETF to the SEC
According to the Sui Foundation’s official blog, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF, a spot ETF backed by the SUI token. The 19b-4 filing has officially been published in the SEC’s public register, marking the start of the official review process. Previously, 21Shares submitted its S-1 registration statement in April.

4.U.S. “Stablecoin Bill” Heads to Procedural Vote on Wednesday, Paving Way for Fast-Track Legislation
Senate Majority Leader John Thune stated that a procedural vote on stablecoin legislation will be held Wednesday. If the bill passes the 60-vote threshold, it will establish a regulatory framework for USD-pegged digital tokens. However, progressive Democrats have warned that the bill lacks key safeguards against systemic risks.

5.U.S. House Agriculture Committee Advances Crypto Market Structure Bill
On June 11, members of the U.S. House Agriculture Committee voted in favor of the Digital Asset Market Clarity Act (CLARITY Act), advancing the bill within Congress. In Tuesday’s vote, the committee overwhelmingly approved the legislation by 47 to 6, helping to establish a regulatory framework for digital assets. Committee Chair GT Thompson stated that the bill would proceed to full House review, adding that members may submit objections by Friday.

6.Louisiana Seeks to Form Commission to Review AI, Blockchain, and Crypto Technologies
According to Cointelegraph on June 11, Louisiana is seeking to establish a commission to study artificial intelligence, blockchain, and cryptocurrency technologies. The resolution calls for an examination of the “opportunities and challenges” of these emerging technologies in the context of Trump’s executive orders promoting crypto innovation.

7.Connecticut Passes Law Banning State Government from Holding or Investing in Virtual Currencies
Connecticut has passed HB7082, prohibiting state government from accepting, holding, or investing in any virtual currencies, while imposing multiple new requirements on money transmitters. The law also explicitly bans the establishment of “virtual currency reserves.” The bill passed both state House and Senate unanimously, without any opposing votes.

8.Bank of Korea Governor to Meet CEOs of Major Commercial Banks to Discuss Stablecoins
According to reports on June 11, Bank of Korea Governor Rhee Chang-yong is scheduled to meet with senior executives of major commercial banks later this month. The meeting is set for June 23 in Seoul, as political interest grows in promoting stablecoins backed by the Korean won.

Traditional Asset Correlations

U.S. equities moved higher: Dow Jones +0.25%, S&P 500 +0.55%, Nasdaq +0.63%. Tesla shares rose 6%. Spot gold was trading at $3,327/oz, up 0.16% on the day.

3.Crypto Market Snapshot

1. Spot Performance of Major Cryptocurrencies

Kursentwicklung der wichtigsten Coins

(As of 14:00 HKT, June 11, 2025)

2. Derivatives Capital Flow Analysis

According to Coinglass data, in the past 24 hours, XRP, DOGE, ENA, PEPE, TRUMP, and WIF saw the largest net outflows in contract trading, potentially signaling trading opportunities.

Analyse der Kapitalflüsse bei Terminkontrakten

3. Bitcoin Liquidation Map

As of June 11, Coinglass data shows that at the current Bitcoin price of $109,588:

If BTC falls below $108,000, cumulative long liquidations across major CEXs could reach $1.143 billion.
Conversely, if BTC breaks above $111,000, cumulative short liquidations could reach $923 million.
Traders are advised to carefully manage leverage to avoid large-scale liquidations triggered by market swings.

Bitcoin-Liquiditätskarte

4. Bitcoin Long/Short Ratio

As of 13:00 HKT on June 11, the global Bitcoin long/short ratio stood at 0.881, with 46.84% of positions long and 53.16% short.
Long/Short-Ratio bei Bitcoin-Kontrakten

5. On-Chain Monitoring

According to The Data Nerd, whale wallet bc1q57 withdrew 307.5 BTC (worth approximately $33.79 million) from Binance. The whale now holds a total of 2,307 BTC (valued at approximately $252.86 million), with an unrealized profit of around $79.05 million, representing a 45% return on investment.

4.Blockchain Headlines

Crypto.com launches credit cards for U.S. users, offering crypto cashback rewards.
Russia to fine illegal crypto miners and confiscate their cryptocurrencies.
Ethereum derivatives trading volume exceeded $110 billion in the past 24 hours, surpassing Bitcoin.
Public company The Blockchain Group approved for €11 billion financing plan to accelerate Bitcoin acquisition strategy.
Public company Quantum BioPharma increased its Bitcoin and crypto holdings by $500,000.
The Ethereum Foundation highlights six major security challenges for its ecosystem, including user experience and social layer issues.
The number of publicly listed companies holding Bitcoin as a reserve asset has risen to 126.
ZK Nation: Approximately 760 million ZK tokens will be unlocked in June, with monthly unlocks of about 167 million starting July through June 2028.
Delysium (AGI) will unlock approximately 69.03 million tokens, accounting for 4.00% of current circulating supply, valued at approximately $3.8 million.

5.Institutional Insights · Daily Picks

Goldman Sachs: Tariffs to have a moderate impact on May CPI; core CPI inflation may reach 3.5% by year-end.
Michael Saylor: Quantum computing poses no real threat to Bitcoin, which is far safer than banks and tech giants.
He argues that any threat from quantum computing can be mitigated via software upgrades and criticizes promotional narratives used to market new “quantum” tokens. “Google and Microsoft will not sell machines capable of breaking modern cryptography,” he added.
Michael Saylor: Bitcoin price will reach $1 million.
In an interview, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), stated that Bitcoin has passed its most dangerous phase and that bear markets are unlikely to return. He predicts Bitcoin will reach $1 million and emphasized strong support for Bitcoin from senior levels of the U.S. government.
Analysts: Bitcoin could surpass $200,000 by year-end; its “fair value” stands at $230,000.
Analysts cited surging U.S. federal debt, mandatory spending exceeding revenue, and Trump’s proposed “Beautiful Act” tax cuts as key drivers behind their bullish Bitcoin outlook.
Matrixport: As long as BTC holds above $105,075, the bullish trend remains intact, with further upside potential in this rally.
Ripple CEO: Circle’s IPO signals imminent regulatory clarity for stablecoins in the U.S.
He expects the GENIUS Act to gain bipartisan approval before August, creating a clearer regulatory environment for the crypto industry.

6.BTCC Exclusive Market Analysis

On Wednesday, the U.S. will release May CPI data and conduct a $39 billion 10-year Treasury auction. Markets are watching whether inflation may exceed expectations due to trade policy disruptions, while also concerned that reduced foreign demand for Treasuries may weigh on auction results. If both negative factors materialize, Treasury yields may rise, temporarily pressuring risk assets.

Amid these macro uncertainties, Bitcoin traded in a narrow consolidation below $110,000 on June 11. Technically, bullish momentum remains intact with a continuously expanding MACD golden cross and RSI steady above 61. Immediate support is seen at the $106,500–$108,000 range. If BTC breaks through the $110,700 resistance, it may further test the $112,700 and $115,100 targets. Traders should closely monitor macro data releases for potential impacts on market liquidity and risk appetite.

Meanwhile, Ethereum is also drawing attention. After breaking through the $2,700 resistance area, a firm hold above $2,800 could open further upside potential, targeting $3,400 and higher levels.

Risk Disclaimer: The above content is for informational purposes only and does not constitute investment advice or trading recommendations. Markets involve risks; investors should exercise caution and implement proper risk management.

How to Trade Crypto on BTCC?

This brief instruction will assist you in registering for and trading on the BTCC exchange.

Step 1: Register an account

The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.

Create an Account

Step 2: Finish the KYC

The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.

Complete KYC

Step 3. Deposit Funds

After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.

Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.

Deposit Funds

Step 4. Start Trading

If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.

Start Trading

Look more for details: How to Trade Crypto Futures Contracts on BTCC

BTCC FAQs

Is BTCC safe?

Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).

Is KYC Necessary for BTCC?

Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.

Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.

Is There a Mobile App for BTCC?

Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.

Will I Have to Pay BTCC Trading Fees?

Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.

Can I Access BTCC From the U.S?

You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.

According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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