#ETFs are no longer exciting?!
While ETFs for various assets are becoming mainstream, and various companies are starting to apply for them, more and more questions arise, one of which is "do we need ETFs for altcoins at all?" and "is the appearance of such ETFs really good for the market?"
So far, judging by the market reaction to such instruments, there are big doubts…
Nevertheless, the #ETF for digital assets is a fairly young tool, so you need to monitor from a distance…
"The walking one will master the road!"
Ali Martinez [an analyst who is often quoted in the crypto media]:
Imagine that you have one indicator that signals the ideal time to buy #Bitcoin... Keep it simple, friends, and study the daily RSI of $BTC.Читать полностью…
🇩🇪 The German government today sent 400 BTC ($24.34 million) to the #Coinbase and #Kraken exchanges.
Читать полностью…🤨Expectations and reality
We have been waiting for months for the release of the latest tier1 projects and built high expectations for a profit of x10-x50 from each project to the account.
And what did you get in reality? Let's figure it out.
🟠 It took more than a year to work out LayerZero, if we consider the spring of last year and the appearance of Stargate as the starting point.
🟠 It took even more than 2 years to work out ZkSync, if we consider ZkSync Lite and very old activities in it as the starting point.
More than enough time has been spent, even if you started working later than others.
🟠 A lot has been burned for gas in both projects, tens and hundreds of dollars.
At that time, there were no Dencun updates in EVM networks and commissions were expensive.
🟠 We were counting on $1,000 rewards for average accounts, there's no point even talking about fat ones.
What did you get in the end?
- ZkSync shaved off almost everyone, only a few were able to get $900-2000ZK with a listing price of $ 0.3.
— LayerZero arranged a tokensale with the need to block $ 0.1 for each token. The minimum reward was $75 ZRO with a listing price of ~$4.
🟠 As a result, we got a maximum of 2-3, taking into account the income of all farms, or simply recouped the cost of commissions, and in the worst case, went into negative territory.
Such a policy killed faith in drops and activity in all projects plummeted by 60-90%. After such a drop, the projects simply stopped being interesting.
➡️ The moral of the fable: you do not need to build high expectations and place high hopes, it is better to start from conservative and negative outcomes.
🪙 #BTC #USD
"Governments have repeatedly frozen assets or restricted people's access to financial resources. BTC, on the contrary, ensures that users retain full control over their funds. BTC can accelerate the de-dollarization of the economy. In the future, financial transactions will no longer be limited by state borders or traditional banking systems. Bitcoin will empower people all over the world and will be able to replace the dollar in international transactions. BTC will change the definition of financial sovereignty and freedom, creating a new economic order"
📋 The number of bitcoins on the miners' balance has fallen to a minimum in 14 years - 1.9 million coins. ((Into The Block)
Two months have passed since the halving, and the price of #BTC has remained at about the same level.
⚡️There are rumors that an investigation is underway against #SOL, which will soon become "public knowledge."
Читать полностью…🫥 When you decide to expand your horizons beyond the #CEX, you cannot do without breeches. These tools will help you move assets between different blockchains, opening access to new opportunities and profitable transactions. To get you ready for this, in this post we will look at the basic breeches, comparing:
🫥 Commissions.
⏱ Time.
🫥 Support for assets/networks.
🎲 Here are the best of them:
(And as always, without exception - any of your desires/actions → after and only based on your research, the source below, the narration on his behalf).
⏳ Below we will consider: Orbiter Finance, circle, BungeeExchange, AcrossProtocol, deBridgeFinance, LayerZero Labs, SynapseProtocol, squidrouter. The author of the source will also include his preferences for bridges.
ℹ️ The fees are indicated for the transfer of 1 ETH or an equivalent amount in dollars.
🔴 Orbiter Finance [https://www.orbiter.finance/]:
📖Commissions - $3-5 (0.05% + withheld commission).
📖Time is less than 30 seconds.
📖Support - Most L2 networks (not L1/non-EVM).
They also don't have a token - points mean prizes.
🔴 Circle CCTP via Bungee [https://www.bungee.exchange /]:
📖 Commission is $1, with 0% slippage!
📖 Time is slow, always 20-30 minutes.
📖 Supports - Only USDC, but this is the best way to transfer USDC anywhere.
📖 1 million dollars and almost zero cost, I really like it, even though it takes 20 minutes.
🔴 Across [https://across.to/]:
📖 The commission is less than $1.
Time is fast, usually 1-2 minutes in my experience.
📖 Supports - Only 7 EVM-compatible networks, not the biggest choice, but it's not bad for a fast bridge.
🔴 DeBridge [https://debridge.finance/]:
📖 Commissions - $3 + slippage and gas.
📖 Time is less than 30 seconds.
📖 Support - Basic EVM blockchains + Solana.
They also support cross-chain token exchange, which is a real breakthrough for me! No token 👀
🔴 Stargate (LayerZero) [https://stargate.finance/]:
📖 Commissions - $1-5 + gas.
📖 Time is less than 5 minutes, sometimes longer!
📖 Support - A wide range of EVM blockchains (but not all can transfer between themselves, which is annoying).
I rarely use it now because of the fees.
🔴 Synapse [https://synapseprotocol.com/]:
📖 Commissions are $1-3, usually a little more slippage compared to other places.
📖 Time is 1-3 minutes.
📖 Support - Supports some niche EVM blockchains, including Canto and Metis.
There aren't many opportunities for me here.
🔴 Squid Router [https://www.squidrouter.com/]:
📖 Commissions are usually quite low.
📖 Time is slow, usually about 30 minutes.
📖 Support is the best way for Cosmos and EVM to interact, the main way to enter/exit the Cosmos ecosystem.
The main bridge that I use for the Cosmos ecosystem.
🔴 To summarise my favourites:
🟠 For L2 - L2 bridges: Orbiter Finance due to low fees and speed.
🟠 For stables (I usually use USDC): circle via BungeeExchange is my favorite choice.
🟠 Solana: DeBridgeFinance, so fast.
🟠 Cosmos: Squidrouter is the only option.
source 0xMughal
💰 #Bitcoin miners sold more than 30,000 BTC (~$2 billion) in June, which is a record this year — miner stocks fell to the lowest level in the last 14 years.
😉 The last halving led to a decrease in profits and provoked a sell-off, especially for small miners who do not have a sufficient margin of safety.
🐳 Whales are buying ether like crazy
😏$6 billion of ETH short positions will be liquidated at a price of $4K.
😏ETH ETH will be approved within 10 days.
😏Over the past week, 1 million ETH was withdrawn from the exchanges.
🚀 All this signals the pumping of ethereum before growth.
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Читать полностью…The #SEC's powers are being reduced 😱
A post for those who like to figure it out 🔩
Yesterday, the US Supreme Court limited the SEC's right to hear cases by "full-time judges" (the procedure has been used for cases of securities fraud and financial penalties since the 2008 crisis). The restriction was introduced by 6 votes to 3, there are dissenters.
☝️ Now, in order to consider the case, the SEC must necessarily apply to the federal courts of first instance with the participation of a jury.
❓Why is this important for the crypt?
Some cases "against cryptocurrencies" were considered by the SEC in a "simplified manner," including "incorrect indication of the fund's assets."
Potentially, this restriction will also apply to the definition of assets in the #ETF for cryptocurrency. After all, the SEC believes that a cryptocurrency ETF is an ETF for securities, while the cryptocurrency itself is a commodity/property.
Look at how everything turned around in this election race! The presidents, in pursuit of the votes of the cryptans, are now gradually beginning to put sticks in the wheels of the regulator - the SEC.
Either this is a "circus with horses", or we are really close to masadopshn as never before…
In 2024, the stocks of bitcoins in the hands of long-term holders are consistently decreasing
In May, this cohort sold 160,000 #BTC ($10 billion), in June — 40,000 #BTC
The current market is very similar to the 2019-2020 correction, which makes it the most likely scenario for this correction, which lasted 5 months with a maximum drawdown of -46%.
👉 History does not have to repeat itself.
An active buyback exceeding 500 thousand BTC can push the situation.
🐰 #PancakeSwap launches its own prediction market on the #Arbitrum blockchain, which includes an artificial intelligence-based price feed from the #Allora platform.
Читать полностью…📊 Rating of blockchains by the number of #DEX transactions conducted in 30 days
#Solana is almost 10 times ahead of #Base and #BNB Chain, which are in 2-3 places.
⚡️Holders of cryptocurrencies and NFT in The Open Network (#TON) ecosystem have faced massive phishing attacks in order to steal assets. This was reported by Snowmist specialists.
😎According to their information, malicious links and malicious bots are distributed in Telegram groups, in particular under the guise of airdrop announcements.
In addition to stealing funds, scammers are aimed at seizing anonymous numbers in the messenger and, as a result, accounts created with their help. You can protect the latter using two-factor authentication.
😎Last week, it became known about fraudulent companies targeting Hamster Kombat players.
📣 Mt Gox will start paying customers in BC and BC in July for a total amount of ~ $ 9 billion... 😬
Читать полностью…🧐 As Sentiment notes, extremely negative sentiments about #bitcoin prevail in the crowd, and this has been going on for a month. In such conditions, the probability of a rebound becomes higher.
Читать полностью…📋 The balance of #bitcoin on exchanges has continued to fall since the beginning of the year. Spot BTC-ETFs were launched on January 10, since then a total of 250 thousand bitcoins have been withdrawn from the exchanges.
Читать полностью…🟢 Market situation:
-Bitcoin in the region of 62, 900$;
-Ethereum is about $3.407;
-Fear and greed index: 51;
-Bitcoin dominance: 55, 20%;
-Altseason index: 22;
-Capitalization: $2.24 trillion.
💻 Analyst from CryptoQuant:
💬 SOPR (Profit Margin of Realized Exits) for short-term holders (90-day simple moving average) falling below 1.0 may signal the end of the correction and the beginning of a new bullish trend.
➡It takes more time to confirm this.
Do you believe that the correction is over?
Yes 🔥
There 🤯
🪙Bitcoin is preparing for a new rally: be careful
This was announced on Twitter by (X) Titan of Crypto:
"The most hated #Bitcoin rally is on the way.🚀 Читать полностью…
The market is playing with your nerves, and as usual, many will be deceived by this #BTC price action.
This time is no exception.
I haven't seen any extreme euphoria in this cycle yet. 😠
I expect the last epic climb in the near future. "
📋The sensational #LayerZero (ZRO) is trading at $ 3.05 and the current circulation of unlocked coins is only $ 770 million, the total capitalization is also small - $ 3 billion, which is 2-3 times less than Aptos or SUI. #zkSync (ZK) has a similar picture, the total capitalization is even more than ZRO by 900 million.
🧐It looks very modest, I think few people predicted this. Looking at this picture, you start to worry about the rest of the altos with large capitalization. And looking at the small ones, you also think about it. After this, is it possible to believe in a further correction of Chia (XCH)?
🥸Both projects are technologically advanced, but in different aspects. zkSync focuses on scaling and efficiency within a single blockchain (Ethereum) using advanced cryptographic techniques. LayerZero is aimed at improving the interaction between different blockchains, which is also an important task for the entire industry.
😎I think for #ZRO and #ZK you need to allocate a place in your portfolio, lay a theoretical descent lower by 30-50% and start buying a ladder from the current level, of course we are talking about spot. That is, to allow a speculative decrease in ZRO to $ 2.1 and ZK to $ 0.13 due to a speculative decrease and liquidation of longs on futures. But you need to understand that the current price is already very attractive, you need to partially buy now.