Banu Baweja: Slowing US consumer spending could threaten stock market

Bloomberg analyst James Seyfart posted on X platform that Morgan Stanley has submitted a revised application for Solana ETF, with the proposed trading code being $MSOL, and currently has not disclosed management fee information.

[Analysis Suggests Bitcoin Year-End Price Could Reach $255,000] According to a report by Cointelegraph, Bitcoin has fallen approximately 40% from its historical peak in October 2025, but long-term valuation models indicate it still has significant upside potential. Based on the 'Bitcoin Decay Channel' calculations, Bitcoin's conservative year-end range has been adjusted upward to $90,000–$255,000, with the high-end scenario reaching $255,000. This model, which fits the logarithmic decay trends of previous cycle highs and lows, shows that Bitcoin approached the upper boundary during the cycle peaks of 2013, 2017, and 2021, while bear market bottoms fell near the lower boundary. Analyst Sminston stated that Bitcoin remains within a long-term upward channel, with the price range potentially expanding to $128,000–$308,000 by 2027.

According to Arab TV, the Pakistani Interior Minister is holding talks in Tehran. The United States has strong demands on Iran's nuclear program and the security of the Strait of Hormuz, showing limited flexibility only in easing sanctions. According to PolyBeats monitoring, the probability of a permanent peace agreement between the United States and Iran on the predicted market Polymarket is 11% before May 31 and 33% before June 30.

The Monetary Authority of Singapore has revoked Bsquared Technology's main payment institution license due to deficiencies in its risk management and conflict of interest policies, violations of outsourcing management regulations, and repeated provision of false or misleading information. Bsquared was required to submit a closure certificate 16 months after winning the license, confirming that the client's funds had been returned. MAS is reviewing the responsibilities of key management personnel in the company. Currently, Singapore has only approved 37 institutions to provide digital payment token services. （Bloomberg）

The European Commission has initiated a public and targeted consultation on the implementation of the Crypto Asset Market Regulation (MiCA) to evaluate the applicability of the current EU crypto asset regulatory framework. MiCA will standardize encrypted assets, asset reference tokens, electronic currency tokens, and related services from 2024 onwards. This consultation is open to individuals, cryptocurrency issuers, service providers, financial institutions, technology companies, academia, and regulatory agencies, with a focus on soliciting opinions on the main institutional modules of MiCA. The consultation deadline is August 31st, and the results will be used for the formulation of digital asset policies.