06.13.25: ETH ETF Countdown / Solana Slaps Visa / FLOKI Rips

Plus discover the Bitcoin mining CEO buying up nuclear reactors 👇

Author

Macro Point Daily
June 13, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 📥 ETH ETF inches toward launch after new S-1 filings

  • 💳 Visa and Solana deepen stablecoin partnership

  • 🌡 US PPI misses forecast, rates odds shift

  • 📊 Solana flips Ethereum in daily stablecoin volume

  • ⚡️ CoreWeave CEO plans nuclear-powered mining ops

  •  🐶 FLOKI memecoin spikes 40% on staking tease

Let’s dive in.👇

Today’s Edition

📌 ETH ETF S-1 Filings Updated — Countdown Begins

BlackRock and Fidelity push new versions of their S-1s

Ethereum ETF fever is back. BlackRock, Fidelity, VanEck, and others filed updated S-1 registration statements Thursday, inching closer to SEC approval. The filings are seen as a sign that the long-awaited spot ETH ETFs could launch as early as July. While details remain thin, Bloomberg analysts now peg the odds of a summer debut at over 75%. The market responded positively, with ETH ticking up 2% intraday.

  • 🔁 Updated S-1 filings signal progress toward ETH ETF launch
    📆 Analysts now expect approvals in July
    📈 ETH climbed 2% on the news

📉 US PPI Comes in Cooler Than Expected

Another miss fuels rate-cut momentum

The Producer Price Index (PPI) fell 0.2% in May, undercutting the +0.1% consensus estimate. Combined with the soft CPI print earlier this week, markets are now pricing in a 65% chance of a Fed rate cut in September. Risk assets loved it — equities rose, yields dropped, and BTC briefly pushed past $71.2K before retracing.

  • 📉 May PPI fell 0.2% vs. expected +0.1%

  • 📆 Fed rate cut odds jump to 65% for September

  • 💹 BTC tapped $71.2K post-release before cooling

📊 Solana Flips Ethereum in Stablecoin Volume

Visa partnership paying off

Solana just leapfrogged Ethereum in daily stablecoin transfer volume — not once, but four days in a row. As per Artemis, Solana hit $2.1B in daily stablecoin flows, topping Ethereum’s $1.9B. The momentum follows Visa’s expanded integration of USDC on Solana rails, hinting that Solana may be winning the real-world adoption race.

  • 💸 Solana hit $2.1B daily stablecoin volume, topping Ethereum

  • 📈 Visa expanding USDC support may be driving usage

  • 🚀 SOL price +4.3% in last 24h on volume momentum

📈 CoreWeave Joins Google‑OpenAI Cloud Deal

GPU power for AI courtesy of the neocloud

CoreWeave has officially signed on to supply GPU compute capacity for Google Cloud, which will funnel resources into OpenAI’s AI stack. Positioned as a “neocloud” provider, this deal expands CoreWeave’s footprint beyond Microsoft and OpenAI, marking its entry into Google’s ecosystem. The arrangement deepens CoreWeave's role in powering AI workloads across major hyperscalers.

  • 🚀 Adds substantial Google‑via‑Cloud to CoreWeave’s compute clients

  • 📊 Diversifies revenue mix beyond its OpenAI agreement

  • 💡 Underlines growing reliance on specialized GPU clouds for AI

🛠 Solana Pay + Shopify Add Visa Direct

Stablecoin UX gets a real-world upgrade

Solana Pay users on Shopify can now receive instant cashback via Visa Direct. The new feature allows merchants to convert stablecoin payments directly into fiat bank deposits, reducing friction for real-world users. The pilot is live in select regions and could meaningfully boost Solana’s case as a payments Layer 1.

🏪 Solana Pay now enables Visa Direct payouts on Shopify
💵 Stablecoin to fiat flow becomes near-instant
🌍 Pilot rolls out in U.S., EU, and Asia-Pacific

Degen Domain

🐸 FLOKI Pumps 40% After Staking Platform Tease

Yes, it's still alive — and now it wants your yield

FLOKI memecoin ripped 40% Thursday after teasing its new staking platform. The team dropped screenshots and announced upcoming “real yield” rewards for holders. With a $1.9B market cap and Twitter still eating up dog-themed tokens, FLOKI’s attempt to become “utility memecoin” of the year is off to a ridiculous start.

  • 🐶 FLOKI surged 40% after teasing staking rewards
    🎯 New platform aims to deliver ‘real yield’ to holders
    📈 Now up 70% in the past week

💬 Quote of the Day

“You never change things by fighting the existing reality. To change something, build a new model that makes the old model obsolete.”
— Buckminster Fuller

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily