You're only here once, this isn't a dress rehearsal for your real life! WBA, All things R&B, Soul & Ska, Motorsport.....but not necessarily in that order!
Eligible for the airdrop?
This protocol will revolutionize society, adoption is going exponential, and the devs are gigachad geniuses
Not eligible for the airdrop?
The protocol is useless vaporware, adoption metrics are flatlining, and the devs are basically scammers
🙄
What are Boosts?
Boosts are sponsored transactions that make a mint truly free.
Unpacking the newest medium for onchain distribution with a case study from @cooprecsmusic 🔽
https://t.co/4cj3EK9Vlt
This is one of least diluted LRT farming pools but still offers similar benefits of passive farming, near 0 IL, and multiple points earning for @ether_fi, @swellnetworkio, and @eigencloud 🧑🌾
Judging from the market's reaction to the latest CPI data, it seems equity investors were still clinging on to hopes of a March rate cut, while crypto investors had already largely written the March hike off...
BlackRock and Fidelity's Bitcoin spot ETFs are the best ETF launch in 30 years.
Imagine what all other asset managers globally are thinking;
All of them want a piece of this pie now.
https://t.co/mBOwbUN1c3
Bitcoin represents the greatest innovation in democratizing financial systems inception in January 2009.
Yet, its role in shaping the future of dApps has only recently become a focal point.
Here's how the Bitcoin economy awakened 🧵👇
https://t.co/jQbOSIgKrP
An Ethereum ETF is imminent, and people are sleeping hard on it!
"Another court case? That's not how we're going to do our approvals this time," SEC Commissioner Hester Pierce said when asked about $ETH ETF applications.
So, how do we prepare for this potential approval?
Here's everything you need to know about the incoming ETH ETFs and how the market is preparing:
Firstly, let's talk about deadlines. The most crucial date is the 23rd of May; this marks the final deadline for the SEC to grant approval to VanEck and possibly other applicants, similar to what we observed with $BTC.
However, considering the Commissioner's remarks, it's essential not to dismiss all other dates entirely.
Here's how the market prepares for this and how this approval could yield positive results akin to $BTC ETFs.
We analyzed the supply of $BTC & $ETH on exchanges over the last 3 years and found:
-BTC supply decreased by 22%
-ETH supply decreased by 54%
ETH supply on exchanges has reached parity in terms of percentage with Bitcoin. This is attributed to factors such as increased on-chain activity and protocols.
However, the reasons aren't what matters; what matters is that this will have significant effects in the case of an ETH ETF.
After approval, this supply is certainly destined to be reduced, affecting the price as more protocols roll out and ETFs enter the scene, competing for market share.
Some ETFs, such as ARK, have actively mentioned that they intend to stake the ETH on-chain to generate yield.
Since rumors began circulating about the imminent approval, $ETH has clearly underperformed $BTC, finding support around the 0.05 area.
ETH/BTC experienced a spike on the approval day, indicating the market's eagerness to front-run the ETH ETF. However, amidst strong inflows into $BTC, uncertainty looms over when exactly this ETF will take the spotlight.
Below are the deadlines for all eight applications. Mark your calendars and stay alert for this upcoming trend!
The craziest part of this BTC rally to me is that the futures market isn't even that overleveraged, not even close to peak 2021 levels.
All time highs feel like a stone toss away.