Circle betting the farm on network effects while OUSD quietly enters the ring... but hasn't history shown that "too big to compete with" is usually famous last words in crypto?
Can moats really exist in an open-source world? #USDC
$80,000 BTC is the most popular bet for this month.
The most popular bet for the end of Q3 is a $BTC price range of $50,000 to $60,000.
It seems like big money is expecting a Bitcoin relief rally this month and then a new bottom.
Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed or in any other way authorised or regulated by MAS. Many large exchanges and defi protocols have been included on the IAL.
Hyperliquid is permissionless infrastructure. It is not, and has never claimed to be, licensed or authorised by MAS, and no one should regard it as such. Nothing about the network has changed. As on other permissionless blockchains, users maintain self-custody at all times, and transactions settle transparently and fully onchain.
The Hyperliquid ecosystem remains committed to engaging collaboratively and constructively with regulators and institutions globally and to supporting clear, well-designed frameworks for onchain finance.
Ethereum Institutional @ethereuminsti will play a central and key role as a neutral entity bringing institutional adoption to ethereum ethereum:native
In their words…
“What’s been missing for Ethereum to date is a neutral counterpart on the other side of the table: a guide that convenes the full ecosystem around shared standards, connects institutions within the ecosystem to solutions / infrastructure providers and applications, and removes integration friction, from first pilot through scaled production.”
Bitmine @BitMNR is glad to support this effort $BMNR
Big money is finally waking up to what we've known for years. Ethereum Institutional launching with backing from across the ecosystem is a massive signal, this isn't just retail hype anymore. The suits are here.
Who's ready? #Ethereum
Crypto is a hyper volatile asset and some macro headwinds are weighing on Bitcoin and ETH $BTC $ETH
- headwinds: markets see Fed hike, Clarity Act purgatory, AI 🤖 FOMO, and private credit hurting flows
- tailwinds in place: tokenization a megatrend, crypto downstream of AI 🤖, money is becoming digital / software and sentiment so bad (peak pain?)
Great speaking with @Scaramucci on this
eth is wild to me. every cycle people say "this is the flippening" and every cycle it just… doesn't happen. not hating, just an observation at this point
It has been a wild week for the crypto market.
- Bitcoin hit a new yearly low of $58,126, wiping out $150 BILLION in market cap.
- $ETH dropped to $1,510, erasing $31 BILLION.
- Bitcoin ETFs sold $1.79 BILLION worth of BTC, the second-largest weekly sell-off since launch.
- Almost $2.5 BILLION in long positions has been liquidated.
- Saylor and Tom Lee’s combined unrealized losses hit $24.5 BILLION.
My July-September prediction:
1- We see the market dump towards the end of June. Everyone gets bearish, BTC dumps close to $60k again, and ETH to $1,500.
2- Market makers liquidate all the longs.
3- As soon as everyone becomes bearish, the market bounces back in early July.
4- Bitcoin hits $110k+ in July-August, and Solana follows it to $190-$240.
5- Then BTC dominance drops, money starts flowing into alts, and we see 2-3 months of MEGA ALTSEASON where alts pump 10x-50x.
6- We who hold alts are going to retire our entire bloodline.
Overall, I’m giga bullish on Q3.