leekent (@lee68) • Hey
I love crypto
Publications
- % inflation CPI Euro area 2.6%
Estimated 2.5%
Last month: 2.4%
However, the European central bank ECB signaled that it was about to cut interest rates.
82 economists according to Reuters believe the ECB will start cutting interest rates on June 6.
Things are getting very interesting everywhere 👀
- 🔥 Japanese DMMBitcoin exchange 🇯🇵 was hacked and lost 4502.9 BTC (300 million USD).
- BIG NEWS: Trump was convicted today by a jury in New York on all 34 counts related to the "Hush Money - Stormy Daniels" business falsification case. Trump is the first former US president to be convicted of a felony.
TRUMP token dropped as much as 35% after the verdict, while Jeo Boden memecoin increased by 20%.
🔥 Trump is a pro-crypto candidate, what does this mean for the presidential race?
Today's ruling will not affect Trump's run for president. The judge acknowledged that Trump is the first former president to be convicted of a felony and could be the next president of the United States, which makes things extremely complicated.
The judge set Trump's sentencing date for July 11. It's possible Trump will appeal and the case will drag on for years or will ask for sentencing to be postponed until after the election.
- genes and memes
- All are copied: genes copy through cells and reproduction, memes copy through communication and media.
- Social influences: Genes shape the way we exist and respond to the environment. Memes influence how we think, interact, and develop socially and culturally.
It's easy to see that memes are very similar to genes in becoming 'viral units'.
So there is a high possibility of two things happening:
- Selection: natural selection genes, cultural selection memes.
- Change to adapt: genetic mutation vs meme mutation
Applying the above information in cryptocurrency, the following 3 types of memes are growing better than the rest:
1. Memecoin has proven to have profound cultural influence & has maintained that influence in the past. PEPE is the most typical example.
2. Memecoin has the goal of building its own culture (native) for web3. MOG is working on it, but because it's new, it needs more time to prove it works.
3. Mutant meme to adapt: Essentially a meme but adding technological properties to adapt to blockchain investor files. SHIB is the most obvious example.
- Semler Scientific just announced that it has purchased $ 40 million in Bitcoin. Their stock price is up 24% today and up another 10% in after-hours trading.
- MT. Gox returns BTC to creditors. But the information that private funds and institutions have pooled by providing early liquidity to buy back claims over the years is not disclosed.
The 43,000 BTC (~$ 3B) that was just paid was largely collected during the low price period, and the victims were also forced to make the price super cheap. Creditors who sell have sold, and those who don't sell, behaviorally they want to become long-term holders.
In essence, it is like a coin unlock where these coins have been transferred in a market similar to OTC.
Therefore, the release pressure on the spot market is almost non-existent. Bullish unlock!
- George Soros just updated his stock portfolio for Q1 2024, showing that Soros Fund Management LLC owns 193 investments with a total value of about $ 6 billion.
The Soros Foundation owns $ 135 million in MicroStrategy shares
- Do you know
The Bitcoin ETF was rejected for 10 years in a row but was finally approved under the management of Gary Gensler, and in the same year, we got the Ethereum Spot ETF and many crypto bills in Congress are being voted on later. many years of silence... So does he support or suppress crypto, guys?
A good story needs a great villain.
- The market has developed to a very green level: ETH and BTC are still increasing steadily but the majority are still poor 😂
The narrative and economic spin keeps investors stuck and at a loss.
Ethereum ETF has been approved, if ETH goes up from now on, only those who are disciplined in holding ETH or loyal to eco Ethereum will benefit.
Unfortunately, since the beginning of the year until now, there have been many casinos that have sprung up. Lately retail businesses have lost money and are stuck waiting to return to shore.
Therefore, in my opinion, ETH does not need to pump strongly following the ETF news, but it will go up slowly in the following weeks, in accordance with the time it takes for the news to "absorb" to the public.
During this time, Ethereum's most popular projects will also launch tokens. The heavy money printers will pump, Ethereum L2 will also benefit.
- BREAKING: The SEC has officially approved spot Ether ETFs.
https://decrypt.co/231691/ethereum-etfs-approved-sec-policy-about-face
- Nancy Pelosi supports FIT21 crypto bill.
- There are a lot of rumors, especially one from Coinbase's Senior Managing Director saying the tone from the SEC has changed overnight... The feeling is that the Biden administration is panicking.
In the shared message (still unable to confirm whether it is real), President Biden's election campaign team said the situation is very serious, crypto and oil companies are donating a lot of money to Trump. , in April alone received 76 million USD, more than President Biden.
If true, it could also explain why we saw many Democrats in Congress turn their backs on crypto and vote against the SEC as well as the SEC suddenly leaning towards approving the Ether Spot ETF.
Maybe you don't know, elections cost a lot of money, money for running advertising, renting halls, hiring staff, etc. In 2020, the presidential election cost 5.7 billion USD, and elections in Congressional seats cost 8.7 billion USD. Maybe they don't care about us, but they do care about corporate money, and crypto companies have a lot of money.
- Jake Chervinsky and Haseeb Qureshi comment on what happened today:
- Jake Chervinsky, Chief Legal Officer of Variant Fund:
If the Spot ETH ETF is approved, it will be a real shock to everyone I know in Washington DC who is close to the process.
That doesn't mean this won't happen.
It means that the approval of an Ethereum ETF could signal a major shift in US crypto policy following the vote to rescind SAB 121, perhaps even more important than the ETF being approved.
- Haseeb Qureshi, Senior Director of DragonFly Fund:
Biden will relax crypto policies as the election approaches. Biden will not want to lose votes in an important race over an issue that is small to him
- Jamie Dimon (CEO of the largest bank in the United States, Chase) is hinting that he is preparing to retire.
Without him, who would FUD crypto...
- 🔥Gemini said that about 97% of the initial debt amount will be repaid by the end of May and refunded in Crypto, meaning customers who deposited 1 bitcoin into Gemini Earn will receive that 1 Bitcoin back, instead of the USD value. .
This is different from FTX, when they decided to pay in USD the value of Crypto on the day of bankruptcy filing.
- JP Morgan estimates the cost of mining Bitcoin at around 42-45K USD.
At the current price of 65K USD, mining companies are still profitable.
When will BTC price PUMP? When many people started asking: everyone thought BTC price would PUMP after halving, maybe this time it will be different...
If you've been in this market long enough, you'll know that Bitcoin always surprises us.
- The Fed's regional chairman, Neel Kashkari, echoed his sentiment: "Bitcoin has few practical applications, neither as an investment tool nor as a currency."
In fact, few people have done more good for Bitcoin prices than Neel Kashkari over the past four years. He has been one of the main proponents of money printing during the pandemic and argues that the Fed's power to print money is unlimited.
- Vanguard is the second largest asset management company in the world, second only to BlackRock.
BlackRock and Fidelity (#3) have supported Bitcoin, now only Vanguard has not.
This is the first time in Vanguard's history that an outsider has been appointed as CEO. This is a company with a tradition of only appointing senior positions to people within the company. Maybe they want to change their thinking and only outsiders can do it.
- 1.2 billion USD of GameStop and AMC short orders were liquidated today just because Roaring Kitty reappeared after 3 years 🤣
In today's financial market, the difference between rich and poor is just a meme.
This is also evidence that the market has a lot of money available, waiting for opportunities.
- Trump says he will accept donations for his crypto campaign strategy
- ****It’s #phairdrop time! 🪂🦄 Introducing Season 1 criteria for Phavercoin $SOCIAL with up to 1:1 Points to Tokens ratio. Check your allocation at phairdrop.com and learn how to still earn before the snapshot. 📸👀
A Lens profile, Farcaster profile and at least one Cred item connected on Phaver.
- It’s #phairdrop time! 🪂🪂🦄 Introducing Season 1 criteria for Phavercoin $SOCIAL with up to 1:1 Points to Tokens ratio. Check your allocation at www.phairdrop.com and learn how to still earn before the snapshot. 📸 👀
Read below for more updates👇
Today we launched the awaited Level 5 at 3000 Cred. 🎉 To qualify for the 1:1 phairdrop, users need either L5, Creator badge or a Phaver-Up NFT. Phaver-Up holders automatically qualify for same tier as Level 5 in the Phairdrop if one is connected during the snapshot. Each Phaver-Up now earns 300 Points and 50 Cred daily. More perks to come!
We’ve also updated posting rewards: Phaves from all your daily posts are now combined for one reward, increasing daily winners.🔥
Remember that $SOCIAL is not yet available to buy or trade anywhere and anyone requesting you to connect a wallet for airdrop purposes is a scammer.
Stay safe and beware of scam links. Always verify through our official channels. 🫡
- GOOD NEWS: 98% of FTX victims will be compensated for 118% of their lost assets (meaning whatever you lose, you get back 100% + an additional 18%).
BAD NEWS: But based on their bankruptcy price in November 2022, that means:
Bitcoin under $ 18K,
Ethereum around $ 1200,
Solana is about $ 15.
- Gm Frens, as we’re gearing up for a major announcement, our systems flagged that some malicious actors and bots have been exploiting the Phaver KYC by Galxe and the Kleoverse Github Passport to unfairly gain levels in the app.
To ensure fairness and to enhance our bot-protection, these two will no longer earn Cred + Points. Since real users are also impacted by the change, we’re compensating by enhancing the value of Anima NFT. Now, each Anima will earn 5 Cred, up from the previous 3.
In order to continue receiving Cred for Anima, please redo the verification every 30 days via the Cred Dashboard. The Verification works both on mobile and desktop.
For further details about Anima, visit our guide: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood
Rest assured, bots will not receive Phaver tokens. Thank you for your cooperation frens ❤️
- We're excited to announce that the first Bonsai Grant receiver is @lens/orb 🥳
10 million $bonsai tokens to accelerate @lens/lens onboarding and provide further utility for Bonsai in this flourishing creator economy!
- Bitcoin Spot ETF Cash Flow UPDATE - TODAY
Grayscale SELL -$ 139 million
ArkInvest SELL -$ 31.3 million
Fidelity SELL -22.6 million
Bitwise SELL -$ 6 million
Franklin EZBC earned +1.9 million
BlackRock $ 0
---------
Current (negative) -$ 197.4 million
- Bitcoin Spot ETF Cash Flow Today - UPDATE
The preliminary estimate is (negative) -120 million USD, mainly due to Grayscale selling, other funds did not collect much.
BlackRock has $ 0 cash flow, which means it has ended a streak of 72 consecutive days of positive cash flow.
- The US Department of Justice 🇺🇸 called for CZ to be sentenced to 36 months in prison for his role in helping the Binance exchange violate sanctions and anti-money laundering laws.
Remember this is what the Department of Justice wants, CZ's lawyers will make the argument for a lighter sentence and maybe the final sentence will be somewhere in the middle.
CZ will be sentenced on April 30
- The number of crypto traders in the Middle East has increased by 166% in the past year, led by the United Arab Emirates.
According to a report by Bitget, by 2024, there will be an average of 500,000 local daily crypto traders. The United Arab Emirates leads the region in crypto adoption, with 72% of users investing in Bitcoin.
- Pro-crypto lawyer John Deaton has followed through on his promise to support Coinbase customers by asking to be allowed to serve as 'amici counsel' (read: advising a judge) in Coinbase's legal battle against Coinbase. SEC 🇺🇸
He served as 'amici counsel' in Ripple's lawsuit against the SEC, which resulted in XRP's victory when XRP was determined not to be a security.
- 🔥 Information is that there was a large explosion in central Iran and Israel launched an airstrike.
Stock Futures 🇺🇸 and Bitcoin are down
Gold and oil contracts increased
- President Lagarde said that the European Central Bank (ECB) will reduce interest rates soon, possibly at its June meeting, unless there are any major events and they pay extremely close attention to oil prices.
Lagarde declined to comment when asked whether the ECB cutting interest rates three times this year was a reasonable expectation.
- Norway 🇳🇴 became the first country in Europe to issue regulations for data centers, to control projects that are allowed to be deployed.
They say Bitcoin mining is "an example of the type of business we do not want in Norway" 👀
- BREAKING: 🇩🇪 Germany's Largest Federal Bank LBBW to offer #Bitcoin and Crypto Custody Services to fulfil “increasing” corporate demand.
- 🔥 Hong Kong 🇭🇰 has approved several Bitcoin and Ether spot ETFs including China Asset Management, Harvest Global, Bosera and Hashkey
China Asset Management and Bosera are both major Chinese asset management companies 🇨🇳
- Hong-Kong approved ETF #btc #eth
- The total crypto market cap has fallen by 5.2% to $ 2.43 trillion today.
Are you buying or selling?
- @OpenRunes_Ai
I just get some $runes in the #OpenRunes airdrop campaign, the number of rewards depends on the gas fee burned by your Arbitrum address over the years, you can check the reward through my link, and you can get 10% of my reward additional.
openrunes.ai/?code=tB2ggMth
- Today, in addition to Grayscale selling as usual, preliminary statistics show that BlackRock earned about 111 million USD, other funds all had 0, with no buying force.
This means we will have a negative day of $ 55 million
- Waiting to see when there will be news that Tether will print a few billion more USDT...
- 🔥 Find out what's going on?
Gold continues to reach new highs, let's discuss the relationship between Gold, Bitcoin, the US stock market and bond yields.
First of all, we are witnessing an unprecedented time where bond and gold yields have a negative correlation (previously a positive correlation). This is not normal and has caused much concern.
When gold prices had their best six months in history, many were quick to point out political and war risks, which certainly had an impact and the situation now escalating, especially in the Middle East, has There may be large purchasing power from many countries.
Another factor is the complicated situation with FED interest rates and inflation, we have discussed a lot about this topic but in short, the FED wants to reduce interest rates due to political pressure and recession fears, however, The inflation rate has not decreased in the past 3 months. If the FED still reduces interest rates to stimulate the economy, it could lead to higher inflation, putting the FED in a difficult position.
The chart shows the relationship between gold and the 10-year bond yield, and now there is a negative correlation after 17 years, what does this mean in economics:
The 10-year bond yield is a benchmark for other interest rates and is closely watched as an indicator of economic health. When the economy is perceived as weak or uncertain, especially in a context where it is unclear how the Fed will react to inflation data, investors may flock to gold as a safe haven, This increases the price of gold. If bond yields fall during this same period, it would be evidence that many people are looking for a safe haven and have low expectations for economic growth. In this case, according to logic, the FED should have to increase interest rates to continue pushing back inflation, but the market thinks that the FED will still have to reduce interest rates this year because of concerns about the financial crisis.
We are also seeing the US stock market fall this morning (DOW down 550 points), and Bitcoin has dropped to $ 67K, in large part due to many futures liquidations (nearly $ 900 million in 24 past hour), long squeeze phenomenon.
Some of you are asking why Bitcoin doesn't follow gold today, if Bitcoin is said to be electronic gold?
As I have shared many times, in fact, if you look at Bitcoin price history over the past 15 years, Bitcoin does not follow any asset, Bitcoin has its own development, no matter at any time, it seems like Bitcoin follows other asset classes (think about 2 days ago, Bitcoin rose along with gold while stocks fell, and today Bitcoin fell along with stocks, while gold rose). This is because Bitcoin is a complex asset, people buy it as an investment and also as a store of value, but this is also why Bitcoin is attractive and importantly how Bitcoin is long term, not yesterday, today or tomorrow.
For those of you who are confused, the reality is that Bitcoin is still up +83% within 4 months from the beginning of the year, increasing several times more than gold and just reached a new peak 4 weeks ago.
For those of you who are DCA, today is a very good day.
We are witnessing a lot of new history in the financial markets in recent years, what a great time to gain experience
- Gentle reminder that El Salvador still DCA 1 BTC per day... no matter what the CPI is, whether the FED is happy or sad today, how many zigzags or triangles are on your chart.
- Bitcoin 70K! not only recovered after the CPI news but also increased
Gold has also recovered after falling this morning
US stocks still ended in the red, DOW fell more than 400 points.
Why? Because people see Bitcoin as electronic gold, an asset that stores value.
- 🚀 $TON touches above $ 7
- Thanks Phavering 😁
- There are some who say that today's BTC PUMP is due to Ethena's algorithmic stablecoin, USDe, using the money to buy over 500 million USD of BTC to support the stablecoin's peg... But Ethena uses a 'cash-and- carry trade' to avoid the risk of BTC price fluctuations, meaning they have to short the same amount of BTC. If so, then this is not the reason 🤷♂️?
- Join now
- collected clean Creatus, cool art! 🔥
- Epic perk from our frens at Mocaverse & Moca Foundation 💜
🔥We’re giving 500 WLs & 20 guaranteed codes for the $MOCA Token Public Sale! 🦄
To qualify, mirror & comment THIS post inside the Phaver app. Winners notified tomorrow by push notifications!
Details ⤵️
🔹Participation deadline: April 9th 1PM UTC. Code activation by April 11th.
🔹First Come, First Served (FCFS) with L3-L4 priority
🔹To increase your chances repost the above post ⤴️ and comment your Phaver username below 👇
Read more about $MOCA public sale 👇
https://medium.com/mocaverse/craft-your-way-to-moca-d838a5bdc393
- Bitcoin Halving Schedule:
We are in Epoch 4, in less than 2 weeks we will enter Epoch 5 (Bitcoin halving), each block will only have 3,125 BTC mined.
Every day 900 BTC are mined, this means 900 x 365 = 328,500 BTC are mined each year.
After this month's halving, this number was halved, meaning someone bought 164,250 BTC annually.