FEATURE: Austria’s long-standing casino monopoly could finally face its biggest test in decades.
Casinos Austria has controlled the country’s land-based casinos for nearly 60 years, but with key licenses expiring in 2027 there is political momentum building for reform.
In an interview with iGB, former Casinos Austria AG executive Niklas Sattler warned Austria's upcoming land-based casino tender could favour the incumbent operator unless licences are offered individually rather than in large packages.
Read here: https://t.co/JjsSR8swVC
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Watch the session
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@sama You act all and mighty but in fact you were only chosen because Anthropic said no. They didn't budge, they kept their ethics and morals and you just saw the cash. I hope subscriptions will tank. Shame on you.
@elonmusk In 1.4m E-Mails, you landed behind Bill Gates when it comes to direct communication with Epstein. Your mass tweeting and pretence of innocence are truly a poor cover up for your direct involvement with a convicted sex offender. You didn't email him once, or twice,...
@superbasic@emnode@elonmusk@grok What part of that dodnt zou understand? "Where cars SOLD in America are MADE" - take a break, some fresh air and realise that assemblying Asian parts doesn't make them American.
#Altcoins are, finally, likely to reverse upwards into a bull market.
One of the core indicators is $SUI, which has been making a massive weekly candle, engulfing the previous bearish week.
It's very unlikely to expect another correction to take place here to the lows.
Capitulation is what has been happening in the past two weeks and has likely ended.
#Ethereum has dropped to a new low for the first time in six months.
#Bitcoin hits $58,000.
#Altcoins bleeding to a new bear market low.
However, Ethereum is copypasting Bitcoin. Here's why.
Before I continue, please watch my latest YouTube video where I'm explaining all scenarios:
https://t.co/D7dGUnuS9N
In the previous weeks, Ethereum has been showing a lot of weakness after the Ethereum ETF got listed. The reasoning is simple.
- The outflow of the Grayscale's Trust has been impressive, through which that has given a dampening impact of the Ethereum ETF after listing. The first day there was an outflow of $400 million and this has quicly come down to only $60 million last Friday.
- Jump Trading has been liquidating a ton of assets as they started offloading $500M in $ETH just 2 days after the ETF listing took place and that continued over this weekend.
That has been the primary reason of the current weakness in the markets surrounding Ethereum and as a reason, we've seen that the entire Ethereum ecosystem has been continuing their cascade downwards into what we call: Capitulation.
Capitulation is a phrase often used for such a heavy correction where double digit losses are happening in a very short manner of time. And, to be fair, I'd prefer to have such a heavy correction, because then you're quite sure that it's close to over. Slow bleed is often the most painful, time consuming way of corrections.
Now, this downwards fall has accelerated over the course of the past week due to several reasons.
- Trump losing in the battle with Kamala Harris as Kamala starts to gain more votes in the polls.
- Israel/Gaza war continues to be stronger due to the fact that the leader of Hamas has been killed in Iran.
- UK is getting destroyed after multiple stabbings have been taking place.
- Terrible economic data on the labor market coming out on Friday through which the call for rate cuts have significantly increased and the likelihood of a potential recession has increased as well.
- Japan hitting the worst stock market day since Black Monday in 1987.
All concerns that accelerated the capitulation, through which the question remains. What to look for and when is this going to turn?
Well, $ETH has clearly gone for the second route as $3,100 couldn't hold and it only took 2 days to get to new lows, which means that we're taking liquidity here.
The plus side is that there's a big CME gap to $63K, where the old one at $58.5K is getting closed.
The key things to watch in the upcoming weeks:
- $BTC / $ETH flows on the ETF. If ETH, especially ETH, starts to become positive, that would be the ideal trigger for the markets to surge.
- Continued unrest on the markets, leading to Gold to break to new highs and the Dollar & Yields to fall. That would be a trigger for the markets to rally, likely hand-in-hand with the upper key thing to watch.
- Reclaims of certain levels, for instance $ETH to hold above 0.044-0.045 BTC and reverse back up.
- Outcome of the $XRP lawsuit.
I think that this capitulation is heavy, but is, given TA, close to their HTF support levels and the heaviest panic we could have.
If you enjoyed this post, please leave a like and a follow!
The #Altcoins continue to fall.
Others/BTC is currently hitting a new low, which is unusual, but tells me that we're close.
Hold on into August and then the rest is going to be great.