Currently seem to be in a crypto recession for altcoins. I'm hoping to see the market pick back up a bit later this year as we get closer to 6 months away from the halving, towards the end of October. https://twitter.com/byzgeneral/status/1668738486856212483
https://twitter.com/TheDeFinvestor/status/1670362620933595136
The last few weeks were a roller coaster ride as the SEC issued a lawsuit against Coinbase and Binance US.
Sentiment started improving after Binance US settled with the SEC.
Shortly after Blackrock, Valkyrie and WisdomTree filed for spot bitcoin ETFs which brought a lot of excitement to the markets.
Grayscale sued the SEC last June after the agency did not allow the firm to convert its flagship Bitcoin Trust (GBTC) to an ETF. The courts will decide the outcome of this case within the next few weeks. This means their approval could happen much sooner than the normal 240 day requirement.
BRICS alliance is also considering Bitcoin as an alternative to the US dollar (!)
The last few weeks were a roller coaster ride as the SEC issued a lawsuit against Coinbase and Binance US.
Sentiment started improving after Binance US settled with the SEC.
Shortly after Blackrock, Valkyrie and WisdomTree filed for spot bitcoin ETFs which brought a lot of excitement to the markets.
Grayscale sued the SEC last June after the agency did not allow the firm to convert its flagship Bitcoin Trust (GBTC) to an ETF. The courts will decide the outcome of this case within the next few weeks. This means their approval could happen much sooner than the normal 240 day requirement.
BRICS alliance is also considering Bitcoin as an alternative to the US dollar (!)
X (formerly Twitter)
The DeFi Investor 🔎 (@TheDeFinvestor) on X
The Binance vs. SEC fight is becoming hilarious:
The SEC sued Binance and requested a freeze on all its assets, citing an alleged misuse of funds.
However, when asked to present evidence, the SEC lawyers said that they had no evidence😅
You can't make this…
The SEC sued Binance and requested a freeze on all its assets, citing an alleged misuse of funds.
However, when asked to present evidence, the SEC lawyers said that they had no evidence😅
You can't make this…
🇺🇸 SEC approves first leveraged Bitcoin futures ETF.
Futures ETFs are not likely to affect prices as much as a Spot ETF, but this is good news.
Sentiment is finally starting to improve as we are finally starting to set higher lows.
https://fxtwitter.com/nsquaredcrypto/status/1668490747954249728
Futures ETFs are not likely to affect prices as much as a Spot ETF, but this is good news.
Sentiment is finally starting to improve as we are finally starting to set higher lows.
https://fxtwitter.com/nsquaredcrypto/status/1668490747954249728
FixTweet
Timothy Peterson, CFA CAIA (@nsquaredcrypto)
#Ethereum network value based on user growth is not slowing. Price has basically corrected to value; upward pressure on price from here, despite the negative sentiment and poor regulatory environment. Should be approaching $4k in 1 year. Likely a six-month…
Clarification: Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States. There are already several other futures ETFs.
Spot ETFs should help to improve Bitcoin's momentum and velocity over time and improve liquidity for the broader crypto ecosystem.
The approval of a Spot ETF will be very significant and is likely to be positive for the entire industry overall.
Spot ETFs should help to improve Bitcoin's momentum and velocity over time and improve liquidity for the broader crypto ecosystem.
The approval of a Spot ETF will be very significant and is likely to be positive for the entire industry overall.
Cautiously Bullish https://www.tradingview.com/chart/BTCUSD/YswLJmqE-Bulls-Whispers-How-2015-s-Ghosts-Haunt-Bitcoin/
TradingView
Bulls Whispers: How 2015's Ghosts Haunt Bitcoin for INDEX:BTCUSD by ArShevelev
Looking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has…
SEC approves first spot Bitcoin ETF https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf
Base is quickly becoming the most compliant blockchain and requires KYC to bridge funds off of the platform https://x.com/coinbaseinsto/status/1770600966703947996
X (formerly Twitter)
Coinbase Institutional 🛡️ (@CoinbaseInsto) on X
We are excited to announce that Coinbase has been chosen as a key infrastructure provider for @BlackRock and @Securitize Tokenized Investment Fund.
2024 IDO platform ROI https://cryptorank.io/ido-platforms-roi
We expect liquidity to rotate into low-caps and altcoins after the halving. https://www.blockchaincenter.net/en/altcoin-season-index/
According to report by Coingecko, Memecoins were by far the most profitable crypto narrative in Q1 2024, including the newly launched Solana Memecoins $BOME and $MEW.
Notably, Memecoins outperformed RWA and Layer 2 narratives. https://twitter.com/SolanaFloor/status/1775823677944381504
Notably, Memecoins outperformed RWA and Layer 2 narratives. https://twitter.com/SolanaFloor/status/1775823677944381504
Lower FDV listings have once again been green-lit by Binance. Interesting, hoping to see more innovative projects considered.
https://www.binance.com/en/support/announcement/calling-for-project-applicants-95b023902fef42e6a630425170460656?hl=en
https://www.binance.com/en/support/announcement/calling-for-project-applicants-95b023902fef42e6a630425170460656?hl=en
Binance
Calling For Project Applicants | Binance Support
Fellow Binancians, Binance is committed to fostering a healthy and sustainable market environment and always prioritizing our users’ interest . In recent months, we have observed a trend of tokens ...
Arthur Hayes is a genius and his posts are very entertaining and relevant.
"As we enter the northern hemispheric summer and decision-makers enjoy a respite from reality, crypto volatility will decline. This is the perfect time to take advantage of the recent crypto dip to slowly add to positions. I have my shopping list of shitcoins that got pummelled over the last week. I will talk about them in upcoming essays. There will also be many token launches that won’t pop as much as they would have had the launch occurred in the first quarter. This gives those who are not pre-sale investors a great entry point. Whatever the flavour of crypto risk excites you, the next few months will present a golden opportunity to add to positions. "
"Calling all degens to the Left Curve. Your hunch that money printing will accelerate as politicians spend money on handouts and wars is correct. Do not underestimate the desire to remain in office of the incumbent elites. If real rates become positive, then re-assess your crypto conviction. But until that time, let your winners run, you glorious degenerate piece of shit. "
https://cryptohayes.medium.com/left-curve-ef2e1e187027
"As we enter the northern hemispheric summer and decision-makers enjoy a respite from reality, crypto volatility will decline. This is the perfect time to take advantage of the recent crypto dip to slowly add to positions. I have my shopping list of shitcoins that got pummelled over the last week. I will talk about them in upcoming essays. There will also be many token launches that won’t pop as much as they would have had the launch occurred in the first quarter. This gives those who are not pre-sale investors a great entry point. Whatever the flavour of crypto risk excites you, the next few months will present a golden opportunity to add to positions. "
"Calling all degens to the Left Curve. Your hunch that money printing will accelerate as politicians spend money on handouts and wars is correct. Do not underestimate the desire to remain in office of the incumbent elites. If real rates become positive, then re-assess your crypto conviction. But until that time, let your winners run, you glorious degenerate piece of shit. "
https://cryptohayes.medium.com/left-curve-ef2e1e187027
Medium
Left Curve
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…