#Breaking！Bitcoin Surges After Grayscale Wins Appeal Against SEC#
On Aug. 29, filings with the D.C. Circuit Court of Appeals show that Grayscale won its case against the SEC. In June of this year, SEC rejected the application of Grayscale Investments' first bitcoin spot ETF, and Grayscale subsequently sued the SEC in court. "The rejection of Grayscale's proposal was arbitrary and capricious because the SEC failed to account for the different treatment of similar products," the Washington, D.C. court said.
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梭教授说
3 hours ago
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<content> 7.27 All In Morning Report: Yesterday, the market suddenly changed, and suddenly everyone was looking at 20,000 and became 100,000, I've been sick and traveling these days and haven't paid much attention to the market, I haven't even had time to look at the memes, all I can say is that some things are still more important than these. 1. $BTC is about to reach 68,000, returning to the starting point of this downward trend; The SEC has approved Grayscale's 19b-4 form for the Bitcoin Minifund Trust; 2. $ETH is crazily absorbing Grayscale's selling pressure, this wave of Grayscale is coming in force, but it's also okay, it's being dumped very quickly, at this rate it will be dumped in a month; As a result, #Ethereum-related Tokens, have become the weakest, $LDO $SSV and other #LSDToken concepts; 3. $SOL directly bounced back to the high point, 10% more and it will be a new high; The market capitalization of SOL has surpassed BNB, once again becoming the fourth largest cryptocurrency by market capitalization; As a result, the #Solana ecosystem has become the fastest and most rebounding, with $JTO as a representative; 4. Michael Saylor predicts that the market capitalization of Bitcoin will reach $28 trillion by 2045; 5. Goodbye Bitcoin emoji: Elon Musk has deleted the "special" label on Twitter; 6. GameStop, Nvidia short sellers are facing SEC and criminal fraud charges; 7. @eigenlayer will launch AVS rewards and EIGEN programmatic incentives, with at least 4% of EIGEN to be distributed in the first year; 8. CNBC: The market expects the Federal Reserve to cut interest rates three times before the end of the year, as recent inflation data has improved; 9. Solana ecosystem DEX derivatives platform @DriftProtocol will launch a prediction market; Has everyone discovered that #Gambling is the way to go? 10. Nomura Securities' Laser Digital plans to launch a fund that will be an alternative to the Ethereum spot ETF in September; 11. A U.S. judge has approved a delay in the forfeiture of FTX's PAC political donations; 12. Robert Kennedy: Bitcoin can provide transaction freedom and help restore the U.S. economy; U.S. presidential candidate Kennedy: Trump may announce a plan for the U.S. government to purchase Bitcoin as early as tomorrow; BlackRock's digital asset head: There will not be a large number of cryptocurrency ETFs approved in the future; 13. Galaxy launches a $113 million cryptocurrency fund, Nansen launches an Ether ETF dashboard; 14. @whyanelephant $WHY shone brightly at the #BNBChain conference, from the start of the conference, it has been pulling up, and has recently risen by more than 150%; 15. A case within a case: Suspected former Huobi employee stole thousands of private keys and was sentenced to three years in prison; 16. @Compute_Labs had over 100,000 people join the pre-sale, and the website's server crashed directly; 17. Jupiter launches the "Jupiter Spot" trading interface, which can integrate multiple functions; 18. #memecoinonsolana on #Solana seems to have returned, a bunch of large-cap ones are booming, of course, the premise is that they haven't been listed on CEX, those that have been listed on CEX have become cesspools; Yesterday I exchanged 200,000 WIF for $MUMU, and it directly pulled up; $AURA continues to rise to new highs; @Berry03311 pushed a cultural Token for me, and they are directly dozens or hundreds of times, I strongly recommend that everyone pay attention to it; ----------- The high-intensity PVP seems to be gone, they are starting to find "memes", find "bosses", find "conspiracy groups", which is good, you don't need to stare at it all the time to feel something. Whether it's #Base, #Solana or #Ethereum, the recent #memecoin are still pretty good, the older the more comfortable the feeling. Yesterday I discussed the "stigmatization" of women in the circle, in a nutshell, "a speck of rat droppings spoils the whole pot of soup", "seeing the whole from a part", "being myopic", etc. When I have time, I can talk about this topic 😊, it's useless, just bored. #Bitcoin2024 #Ethereum #Crypto </content>
BTC
1.14%
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Phyrex
9 hours ago
It's a bit late recently. Previously, we were talking about the drop in the US stock market the day before yesterday due to the earnings season. Sure enough, after the release of the earnings sentiment, the US stock market has started to return to the main line. As for BTC, we have been emphasizing that the current narrative is the BTC consensus conference, and the details are the expected speech by Trump. Whether it is true that BTC will be used as a strategic reserve is one thing, but the fact that Trump is speaking is already good news for BTC. Looking at the data, there is still nothing new. The early investors have not changed much and are still maintaining a spectator attitude, while the short-term investors who bought the dips starting yesterday have a higher turnover. As mentioned yesterday, many people chase the rising market and sell when it falls, but investing requires some logic. Frequent short-term trading reduces the tolerance for errors and increases the risk for most people. The price range between $64,000 and $69,000 has become more stable, although it is currently being driven by short-term investors. However, with the continued buying of the US spot ETF investors, the opportunity for long-term holding will also increase. So if there is no major risk or black swan event, this support level is quite stable. You can see that there are fewer people criticizing me recently. The speech by Trump will be at 3 am Beijing time on Sunday. It's worth paying attention to, especially for short-term traders. Although I said that if he dares to say that BTC will become a strategic reserve of the United States, I will increase my BTC holdings, for many traders, this should be the best short-term opportunity. Tomorrow is the weekend, and the current sentiment is good. With the expected speech on the weekend and the lack of liquidity, the volatility may increase, especially if he actually says it. Futures traders need to be careful. The data has been updated, the link is: docs.google.com/spreadsheets/d... This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX.
BTC
1.14%
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Phyrex
11 hours ago
On May 14, 2024, 4 months after the launch of the #BTC spot ETF, the first US state invested in $IBIT using pension funds. Two and a half months later, a second and third state appeared. Some friends asked me if there will be pension fund investments in the #ETH spot ETF. I think there will be, because I believe BlackRock will not invest in an unworthy asset after becoming the largest holder of the $BTC ETF, nor will it become the largest holder of the $ETH ETF, and it will not publicly state: "If you consider BTC, it accounts for around 55% of the market cap today. ETH accounts for 18%. The next reasonable investable asset is probably around 3%. It just hasn't reached that threshold or record of maturity, liquidity, etc. yet." This is also why I have a large position in BTC and ETH, but I'm not in a hurry at all. I may not be trustworthy, but BlackRock is. BlackRock's holdings speak for themselves.
BTC
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