It's pretty clear that between January 5-10th we'll be seeing an approval or delay on the Spot #Bitcoin ETF applications.
Until that day, I don't think we'll have very large corrections, but a trend upwards. December is probably a good month in that regard with the hype.
Big news and announcements!!!
1) We are launching DuneAI 😱 Ask questions in any language using our natural language engine and get crypto data insights without the need to know #SQL. Millions of blockhain enthusiasts are now able to use #Dune 🔥
We're excited to announce the launch of Z-Score, the curtain-raiser to the launch of our token.
Traders now have the opportunity to stack Z-Score, climb the leaderboard, and build up a rewards base for the future.
You won't want to midcurve this 😏
Let's dig in 👇
🚨 #Fantom 2.0 Ushers In Unmatched Scalability
If you think you've seen what blockchain can do, prepare to be amazed. Fantom's CEO @michaelfkong presentation at #Token2049 didn't just raise the bar; it catapulted it into another dimension. $FTM
Here's what you should know ⬇️
In this week’s Ahead of the Curve, we argued that BTC spot ETFs in the U.S. would amass at least 30k BTC worth of inflows in its first 10 days of trading, based on BITO launch flows and Purpose BTC’s inflows.
We also expect strong flows to ensue, with BTC investment vehicles combined seeing a 4-month growth in inflows in the range of 70-100k BTC fueled by U.S. spot ETFs and naturally growing inflows to ETPs domiciled in other countries.
A very naïve market impact estimation of ETF approvals paints a picture of a 66% BTC rally to $42k.
We base this simulated trajectory on the above-mentioned flow assumptions and 4 years’ of flow data.
The assumed price path does not account for any other events that may directionally impact BTC and the crypto market - and clearly is - a naïve assumption.
Some people on CT say that money solves their “problems” of getting their dream girl. I don't see it this way. Yes, money can probably buy these girls, but it will never be real. You can fly your dream girl down to Dubai, but she will never be genuinely interested in you if there’s no mutual connection and real physical attraction.
Sorry boys, but she will always be more attracted to a tall, good-looking man with ambitions even if he doesn’t have as much money. This is just the law of nature. Flash all the money you want, but unless all you can bring to the table is money, all you will get is a fake trade-off in return.
I’m saying this because you have to remember to work on yourself as well. Eg. being fat, hiding in front of your PC 24/7 in a dark room with acne, and only earning money will solve nothing but your money problems. She will ditch you the day she gets more options herself.
So work on yourself. Go to the gym, meet people, travel, live your life. Be the best version of you that people would like to spend time with.
Our ponzi internet money should just be the starting point of setting ourselves up for a better future.
Big news from my home country Slovakia!
Slovakia just passed a bill that will lower the tax on crypto from 39% to 7%
The new law outlines that:
- holding crypto after 1 year results only in 7% tax
- crypto to crypto exchange is non taxable
- crypto to stablecoin exchange is taxable
- buying goods up to 2400€ / year is tax free
- staking rewards are taxed when sold to fiat or stablecoin
The law becomes effective from 1st Jan 2024
1/12
Ok, one last bullish BlackRock tweet to round out the weekend.
People don't realize that BlackRock really made the gold market as we know it today.
Pre-BlackRock it was a $1T market.
Now it's about $13T.
So how did they do it?
Binance/DOJ Newsflash:
Binance and CZ just added a uniquely qualified criminal defense all-star lawyer to their legal team: George Canellos, former Chief of the Major Crimes Unit in the U.S. Attorney's Office for the Southern District of New York and former head of the SEC's New York Office and former SEC Enforcement Division Co-Director.
Canellos posesses a rare and remarkably special combination of skillsets -- having served as both an SEC prosecutor and a DOJ prosecutor. Think Liam Neeson meets Perry Mason.
Binance is clearly preparing for a criminal prosecution and continuing to hire the best defense attorneys in the world. But I doubt even Ironman, Captain America and the Hulk could get Binance out from their current perilous legal quagmire.
Following smart money in #crypto can turn you into a profitable trader.
With a portfolio worth $394 million in crypto holdings
With $6M made in the last 24 hours.
Here's what we can learn from this millionaire 🧵 ↓ (Part 3)
After the rumors involving the Multichain team being arrested, we decided to take a look at the protocols with the highest exposure to it.
In first place comes Fantom, with 35% of its total TVL locked in it and a significant portion of the chain's assets issued by the bridge.