Somehow, everybody missed something important in BlackRock’s spot Ether ETF filing that could indicate what the SEC is thinking ahead of its upcoming decision on whether to approve the products or not. Meanwhile, the Bitcoin hash rate drops as miners switch off older rigs, El Salvador uses a volcano for mining BTC, and the surge in new tokens being created is getting out of control. There’s a lot to cover today!Further reading:

• State of Wisconsin reports $164M investments in spot Bitcoin ETFs
• Bitcoin price shows strength as investors anticipate return of money printing
• Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
• Galaxy Digital’s revenue soars with mining, fees at record levels
• El Salvador mines 474 Bitcoin using geothermal volcanic energy
• Filing suggests SEC is exploring grounds to deny spot Ether ETFs
• Over 1 million new crypto tokens have been launched since April
• Layer-3 network Degen Chain hasn’t produced a block in 53 hours

So, grab yourself a coffee, and let’s get into it!

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