ZCASH’S IRONWOOD UPGRADE GOES LIVE, REQUIRING USERS TO MIGRATE FUNDS FROM THE LEGACY ORCHARD SHIELDED POOL TO THE NEW IRONWOOD POOL
GM, FOMC later today
Rates @ 2PM EST
Presser @ 2:30PM EST
This is the most split I've seen the decision be in awhile at 65% to 35%, seems like the reason why the markets have suffered a lot recently mainly equities where as BTC has held up relatively well. IMO I think there will be no change/no rate hike and both markets should react well to it, especially stocks like $MU $SNDK and Skhynix that fell a lot on earnings yesterday. Let's see what comes.
Rates @ 2PM EST
Presser @ 2:30PM EST
This is the most split I've seen the decision be in awhile at 65% to 35%, seems like the reason why the markets have suffered a lot recently mainly equities where as BTC has held up relatively well. IMO I think there will be no change/no rate hike and both markets should react well to it, especially stocks like $MU $SNDK and Skhynix that fell a lot on earnings yesterday. Let's see what comes.
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Back to selling from Saylor but only $100m from him again, idk why he won’t just rip bigger sells but once again it was to pay off STRC dividends. It feels like if it’s just $100m every time, like once a month or whatever the market impact is nonexistent tbh
Telegram removed from the Apple App Store worldwide
just saw this late but was a free ton short
just saw this late but was a free ton short
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STRATEGY SOLD 1,690 BTC ($108.6M) AT AN AVERAGE PRICE OF $64,262
https://www.sec.gov/Archives/edgar/data/1050446/000119312526341297/0001193125-26-341297-index.html
https://www.sec.gov/Archives/edgar/data/1050446/000119312526341297/0001193125-26-341297-index.html
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Very lackluster BTC flows this week, seems to be the main reason for the weakness in the price action lately. Not much has really happened here (chart attached) I have this ranged marked out and we’ve been in it since late may at this point. Summer months coming to an end and hopefully volatility picks up going into Sept/Oct and we can get a lot of more trades in here.
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*SEC ISSUES CRYPTO-ASSET REGULATORY PROPOSAL
*SEC PROPOSES LETTING CRYPTO PROJECTS SELL TOKENS TO RETAIL INVESTORS
*SEC PLAN COULD REVIVE ICO-STYLE FUNDRAISING IN U.S.
*CRYPTO STARTUPS COULD RAISE UP TO $5M WITHOUT FULL SEC REGISTRATION OR INVESTOR CAPS
*SEC PLAN WOULD ALLOW PUBLIC TOKEN SALES WITHOUT RULE-BASED RESALE RESTRICTIONS
*LARGER CRYPTO PROJECTS COULD RAISE UP TO $75M A YEAR UNDER SEC PLAN
*SEC PROPOSES LEGAL PATH FOR TOKENS TO LEAVE INVESTMENT-CONTRACT REGIME
*QUALIFYING TOKENS COULD EXIT REGIME AFTER ISSUER COMPLETES OR PERMANENTLY ENDS PROMISED WORK
*SEC PROPOSES LETTING CRYPTO PROJECTS SELL TOKENS TO RETAIL INVESTORS
*SEC PLAN COULD REVIVE ICO-STYLE FUNDRAISING IN U.S.
*CRYPTO STARTUPS COULD RAISE UP TO $5M WITHOUT FULL SEC REGISTRATION OR INVESTOR CAPS
*SEC PLAN WOULD ALLOW PUBLIC TOKEN SALES WITHOUT RULE-BASED RESALE RESTRICTIONS
*LARGER CRYPTO PROJECTS COULD RAISE UP TO $75M A YEAR UNDER SEC PLAN
*SEC PROPOSES LEGAL PATH FOR TOKENS TO LEAVE INVESTMENT-CONTRACT REGIME
*QUALIFYING TOKENS COULD EXIT REGIME AFTER ISSUER COMPLETES OR PERMANENTLY ENDS PROMISED WORK
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Farzad
Very lackluster BTC flows this week, seems to be the main reason for the weakness in the price action lately. Not much has really happened here (chart attached) I have this ranged marked out and we’ve been in it since late may at this point. Summer months…
GM! We’re looking good for higher short term imo. Breaking out of the range now. I still just have the spot BTC from awhile back and some other coins I’ve held from before. Weekly close above $66K would be where I’d double down in BTC and/or other coins for much higher.
Liquidations — 1h ($ liquidated, longs+shorts combined, aggregated across exchanges)
BTC / $860.59M / 1% longs 99% shorts
ETH / $293.65M / 1% longs 99% shorts
$1b last 1h
BTC / $860.59M / 1% longs 99% shorts
ETH / $293.65M / 1% longs 99% shorts
$1b last 1h
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*TRUMP: CFTC WORKING TO BRING HYPERLIQUID INTO THE UNITED STATES IN A LEGAL FASHION
really good hype news
really good hype news
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Farzad
GM, hope everyone had a great weekend. Sunday Update 5/17 Weakness in crypto vs equities this past week worries me + Saylor not buying. I’m not a big fan of shorting tbh, so not taking any shorts here but just like summer 2022, good bottoms take a long…
I posted about this back in May also but I wanted to bring it up again because we are now back at that inflection point imo.
The Weekly RSI is back at 50 and usually breaking it on the weekly is a really good sign for BTC to go much higher (I labeled out some examples on the chart). Also on the bright side, if you don’t have any spot exposure but want to FOMO, don’t think you are late because of the move yesterday or since the current $57K bottom* but also like I said yesterday I want to see us have a weekly close above $66K and go from there. So far so good, it looks promising 🫡
The Weekly RSI is back at 50 and usually breaking it on the weekly is a really good sign for BTC to go much higher (I labeled out some examples on the chart). Also on the bright side, if you don’t have any spot exposure but want to FOMO, don’t think you are late because of the move yesterday or since the current $57K bottom* but also like I said yesterday I want to see us have a weekly close above $66K and go from there. So far so good, it looks promising 🫡
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