fetcch labs

building tools for a decentralised, agentic future.

[fetcch labs @FetcchX]

Proud to announce that we’ve raised $1.5M led by @HashKey_Capital & @AppWorks.

The incredible support we’ve received from top blockchain investment and VC firms include @GravityX_Cap, @Momentum_6, @LD_Capital, @JoinCompute & @JoinGraviton

Thank you for believing in us and supporting our vision of building payments and reward infrastructure.

Read more here: https://t.co/uhkcXiai84

[fetcch labs @FetcchX]

The latest issue of "The Fetcch Newsletter" is live!

This week we cover:

• Interoperability Space Updates
• A deep dive on "Why does BTC crash right after halving?"
• What we "Fetcch-ed" this week?
and much more...

5 mins read.

Here's the link: https://t.co/KHWMioYVRp

[fetcch labs @FetcchX]

Ethereum ETF cancelled?

Many industry leaders are bearish on the approval of spot Ethereum ETF.

But what went wrong?

Let's find out 🧵

The approval of Ethereum ETFs has been a hot topic

But the approval prospects have dimmed

Primarily due to increased scrutiny and regulatory actions by the SEC.

Here are possible reasons:

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1. SEC's Crypto Crackdown:

Unlike Bitcoin, the official regulatory position regarding whether Ethereum is a security is not as clear.

That’s made things harder for ETH investors.

Here's what VanEck CEO @JanvanEck3 said at the Paris Blockchain Week:

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2. Regulatory Scrutiny

The SEC is scrutinizing products and services more closely

making it harder for Ethereum ETFs to meet regulatory requirements.

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3. Investor Protection

In PoS, blocks are confirmed not by miners but by stakers

People holding large amounts of the native token.

This means -- large shareholders decide how a business works and get rewarded for their investments.

-----------------------------------------------

Question for you:

Will Ethereum ETFs get approved?

Let us know in the comments.

[fetcch labs @FetcchX]

If you found this thread helpful, do like and repost.

Follow @FetcchX for more.

Thank you!

[fetcch labs @FetcchX]

Another factor is the "mining capitulation".

During the profitable season, miners accumulate Bitcoin and increase the network's hash rate. (Opposite during halving)

According to data from @Bitinfocharts, the Bitcoin hashrate dropped during the last two halvings.

[fetcch labs @FetcchX]

This thread was inspired this blog post: https://t.co/qxSiExXfuD

[fetcch labs @FetcchX]

Stock prices tend to rise in the first month of the year.

This is often attributed to tax-loss harvesting

Investors may consider rebalancing their portfolios by selling risky assets like Bitcoin in December and reinvesting in stocks in January.

[fetcch labs @FetcchX]

Some events have affected Bitcoin's price at a fundamental level

• Launch of Bitcoin futures contracts
• China's crackdown on the crypto
• Tesla's tweets about ditching Bitcoin

But these are one-off events,

Bitcoin halving is a regularly scheduled occurrence.

[fetcch labs @FetcchX]

One potential reason behind the post-halving crashes is

Profit-taking by investors who have held their positions for an extended period.

Often motivated by the "January Effect" (Refer image below)

[fetcch labs @FetcchX]

Question for those bullish on Bitcoin Halving -- Why does BTC crash right after the event?

$12.25 --> $8 (2012)
$650 --> $465 (2016)
$8,700 --> $8,500 (2020)

Here's why 🧵

[fetcch labs @FetcchX]

Thank you for reading!

If you found this thread valuable, please like and repost.

Follow @FetcchX for more.

[fetcch labs @FetcchX]

What do you think of meme coins?

Comment below.

[fetcch labs @FetcchX]

The long-term viability of meme coins is uncertain, but their longevity and ability to attract investor traction prove they're not a fad.

One simple thing we believe is -

web3 is driven by community.

meme coins have a potential of attracting a community/clout.

[fetcch labs @FetcchX]

Meme coins are proving they are more than just memes.

With the recent surge in traction, meme coins helped Solana achieve its all-time high and surpass Ethereum's trading volume.

We still see a lot of myths around meme coins and decided to dig deep into the rabbit hole.

🧵

[fetcch labs @FetcchX]

4. meme coins are a fad and will eventually disappear.

They have proven to be resilient and have maintained a dedicated community of supporters.

They have been around since 2013 and have survived multiple market cycles, with a strong online presence and active development.

[fetcch labs @FetcchX]

3. meme coins have no real-world utility.

meme coins are being used as a form of payment.

Dallas Mavericks and the Kronos company accepted Dogecoin as payment.

meme coins although start as a meme but they attract the right community of investors.

[fetcch labs @FetcchX]

2. meme coins are a get-rich-quick scheme.

Early investors have made crazy profits.

But these are highly volatile so risky at the same time.

Rather than looking it as a get-rich-quick scheme, start looking at it as an investment.

[fetcch labs @FetcchX]

1. meme coins are just a joke and have no real value.

While coins like Doge and Shiba started as internet jokes, they have grabbed significant market cap and trading volume.

The chart shows the top memecoins and their market cap.

There is real demand and value to these coins.

[fetcch labs @FetcchX]

If you think meme coins are just a fad, let me tell you that they have survived multiple market cycles.

Probably more than you :)

Some facts:

• $63B market cap
• $10B daily trading volume
• Survived markets since 2013

So why are memecoins still misunderstood?