I’m not saying they’ll definitely sell #BTC, as they also hold significant amounts of gold and secured loans, and the specific timing and approach are uncertain.
However, if things continue as they are, BTC might not be the best asset to hold in the short term.
According to their latest report, they have $143.6B in circulating stablecoins (now maybe more) but only $121.6B in cash and cash equivalents.
Particularly interested in how much of their roughly $7.7B Bitcoin holdings they might sell in the short term.
If the #GENIUS Act requires stablecoin issuers to maintain a 1:1 reserve of highly liquid USD and short-term treasuries, I’m very curious about how #Tether will adjust their current asset structure.
@PSETrading x @ostium x Liquid
💙 🧡 🖤
come meet the sharpest liquid funds powered by the best trading platform & defi super-app
📍May 1, 9PM - 11 PM GST
https://t.co/MntFrAWiCv
curated by
@XtineFang@kaledora @franklyn_wang
How to navigate @EFDevcon Bangkok 🇹🇭
https://t.co/1WeSTGNFEe
Content breakdown:
• Things and apps to prepare before landing
• Getting around Singapore
• Good cafes/restaurants to book meetings
Save this guide! 📷
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1. Things to prep before arrival
a) E-Visa (for non-visa exempt countries)
• Fill up here to avoid long lines (https://t.co/fS4t8p0xl1)
b) Apps
i. Ride hailing apps
• Grab (Uber for Singapore)
• Bolt
ii. Food delivery
• Grab
• LineMan
iii. Navigation
• Google Maps
• BTS Sky Train
c) Others.
• Some $THB cash (especially for street food, and taxis)
• Must use cash for Taxis
• AliPay/ WeChat pay app for 7-11 convenient stores
• You can use your credit card almost anywhere in BKK restaurants, malls
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2. Hotels
S-Tier Hotels
- Capella (personal favorite, tons of celebs stay here)
- Mandarin Oriental
- Four Seasons
- The Siam (best decor, prettiest hotel)
1. Bougie (Most convient location)
- St. Regis (personal fav, amazing butler service)
- Waldorf Astoria (best pool)
- Park Hyatt (best breakfast)
- Siamkempinski
- Rosewood (best chinese food, Nanbei)
- W Hotel
2. Good Value (CBD)
- Intercontinental
- Marriott Marquis
- Emporium Suites by Chatrium
- Kimpton Maa- Lai
3. Budget
- Holiday Inn
- Sheraton Grande Sukhumvit
- Eastin Grand Hotel
3. Arrival + getting around
• From airport to hotel: use Grab/Taxi or the BTS Train
• Getting around: ride hailing apps (Grab, Bolt), trains (BTS) + Google maps
• Buses are not convenient in BKK (sometimes no AC also)
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3. Places to visit
a) Tourism
• Wat Arun, Temple of Dawn, JJ Night Market
• Siam Paragon, Emporium, EmQuartier, Central Embassy — if you like shopping
b) Nightlife
Bangkok has hands-down THE BEST night life in Southeast Asia. Here are some of the best bars/ night clubs
• Bars/speaksy: paper planes, crimson room, bkk social club, lennon's, find the locker room
cafe: siri house, kad kokoa, The House on Sathorn, Sarnies, Patom Organic Living
c) Food:
• Local Thai Food: somboon, rongsi pochana, 100 mahaseth, thongsmith, rongros, aksorn, jay fai
• Fine dine: Rhaan, ad hoc, gaa, sra bua, sorn, suhring, saneh jaan
D) Spa massages:
• health land, panpuri wellness, divana, lets relax
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4. Places to meet 1-1 for coffee
If you need somewhere to have private catch-ups/lunch around the conference venue:
a) Cafes
• Starbucks Emporium
• Starbucks EmQuartier Helix
• Coffeebean by Dao, Central Embassy
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I will be representing @PSETrading in town, come meet me!
#DevCon2024 #devconsea #Bangkok
@PSETrading October Monthly: The Tide is Turning
October was a positive month for the crypto market, highlighted by Bitcoin (BTC) reaching an impressive $72.6K USD. However, beneath the surface, the market dynamics were more nuanced. Investors who strategically invested in memecoins like GOAT, POPCAT, and MOODENG saw significant gains.
In contrast, many Layer 2 (L2) coins struggled to return to their March highs. The trading environment has increasingly become a PvP landscape. Unfortunately, our confidence in Ethereum (ETH) was misplaced, as it failed to reclaim its pre-ETF high of $4K USD and struggled to gain market share due to a perceived lack
of innovation.
With elections on the horizon, we anticipate market volatility, potentially seeing BTC dip to the 65K level before possibly reaching 85K by the end of November. We remain patient and unbiased as we continue to evaluate the market.
long positions look promising in the short term, but gotta watch out the mid-term inflation performance, especially as the downward trend is largely driven by durable goods