@binance when do you plan to list @catwifhatsolana and @MewsWorld - don't you like cats ? 🤔

#binance

catwifhatsolana #CWIF has 1.30mn wallet holders ! it is so undervalued. It would be a big opportunity for users to make money if you list it. We don't have access to wallets We trade only on Binance

Also look at #MEW - why not list them.

What do you guys think? should #binance list cat meme coins as soon as possible?

You can play with all the Alt coins you want but in the end the best value is in Bitcoin $BTC - there will only be 21million Bitcoin where as all of the other high value Alt coins can keep creating unlimited coins. That's no different to central banks printing money at will ! There is only 1 Monalisa Painting and there is only a limited amount of $BTC . Do you own any $BTC ? or do you plan to sell Alt coins and buy $BTC ?

share the poll to win !!

Coinbase vs. SEC - positive news for crypto

Coinbase’s legal battle with the U.S. SEC also made headlines this week. Coinbase seeks a dismissal of the SEC’s case, with a hearing scheduled for Jan. 17. In a report on Jan. 16, the Wall Street Journal asserted that its request for a dismissal might not be granted.

During the hearing, Judge Katherine Polk Failla, who presided over the case, criticized the SEC’s usage of the Securities Act of 1933 – a 90-year-old legislation – for the regulation of nascent technologies such as crypto and Bitcoin.

Shortly after the hearing, Elliott Stein, a prominent litigation analyst, argued that the judge is likely to grant Coinbase’s request to dismiss the case. Recall that the SEC’s lawsuit alleges that Coinbase offered unregistered securities on its exchange platform.

If the case is dismissed it will have a huge impact on prices of coins that have been classified as securities by the SEC.

The coins that would go up in price would mainly be: BNB, Solana, Cardano, XRP etc

Follow me for all the latest news

#bnb #solana #xrp #cardano

BlackRock's spot #bitcoin ETF first to hit $1 billion in assets

BlackRock's spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launched ETFs tracking spot bitcoin prices, J.P.Morgan data showed.

The U.S. Securities and Exchange Commission (SEC) approved nearly a dozen ETFs tracking the world's largest cryptocurrency last week, after years of regulatory pushback.

Since the launch, BlackRock and Fidelity have pulled the lion's share of inflows as lower fees and name recognition appear to be key factors in drawing investors so far.

BlackRock's iShares Bitcoin ETF accumulated $1.07 billion in assets under management as of Jan. 17, followed by $874.6 million by Fidelity Wise Origin Bitcoin ETF, J.P.Morgan data showed.

The nine newly launched ETFs have drawn $2.90 billion in investment flows in the first four days of trading.

However, the Grayscale Bitcoin Trust, which was converted from a closed-end fund to an ETF, charges the steepest fee compared to the newly launched ETFs and has witnessed $1.62 billion in outflows in the first four days.

#btc

Solana Mobile to Sell Second Crypto Smartphone: Source

The successor to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans.

Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said.

The upcoming phone will have the same basic features as its predecessor, called Saga: an onboard crypto wallet, custom Android software and a "dApp store" for crypto applications – but at a cheaper price point and with different hardware, the person said.

The new Solana Mobile phone could help tamp down what's become a red-hot secondary market for the severely limited supply of existing Saga smartphones. At press time a factory-sealed Saga device was catching bids at $3,200 on eBay, five times more than its price five weeks ago.

Back then Saga's backers were preparing to move on from their experimental phone, which had sought to create a mobile-first platform for crypto traders and NFT collectors but struggled to find a market big enough to justify its existence.

That changed in an instant when crypto traders realized the phone came with an allocation of BONK tokens that more than covered the price of the device. In less than a week the Saga sold out.

In the ensuing month Saga phones continued to yield dividends for their owners, with various projects airdropping lucrative tokens and NFT to the 15,000 phones in the wild. Those airdrops have bolstered the community around Saga and prompted more Solana developers to look into building mobile applications.

Follow me and like this post. I will let you know how you can register your interest for the new phone.

#Sol #bonk #solana

BlackRock scoops up 11,500 BTC during dip as ETF leads the pack

This amount is significant, considering that only 900 BTC are issued daily. The purchase by BlackRock effectively represents about 13 days’ worth of Bitcoin production being absorbed by a single player.

The asset manager’s CEO, Larry Fink, recently said his views on Bitcoin have evolved significantly over the years, and he now sees it as a “viable asset class.”

Supply crunch

Based on data, the iShares Bitcoin Trust (IBIT) Spot ETF managed only around 25% of the trading volume over the same two-day period. From this, one could infer that approximately 46,000 BTC were removed from the system over the past two days, with influences from other players like Grayscale Bitcoin Trust (GBTC).

If this trend continues, the Bitcoin market could face a severe supply crunch. With an estimated 46,000 BTC being absorbed in two days, which equates to 23,000 BTC per day, this rate is about 25.5x the daily production of Bitcoin.

The substantial uptake by U.S. ETFs, not to mention the additional demand from retail investors and other global ETFs, suggests a tightening of available Bitcoin supply.

Despite the fluctuations in Bitcoin’s price, the underlying asset remains resilient. Despite the high fees associated with GBTC, the successful launch of the Bitcoin ETF is a strong indication of growing institutional interest. It could herald a new era of scarcity in the Bitcoin market

ETF inflows hit $819M

The first two trading sessions following the approval of new Bitcoin exchange-traded funds (ETFs) experienced substantial inflows totaling $1.4 billion. After accounting for outflows from GBTC, the net total inflows across all Bitcoin-related products amounted to $819 million.

A breakdown of this activity shows a remarkable volume of 500,000 individual trades, contributing to a total trading volume of $3.6 billion. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack in this initial surge, which garnered $497.7 million in total flows. The Fidelity Advantage Bitcoin ETF (FBTC) was close behind.

#Bitcoin ETFs Are Finally Here. Crypto Investing Will Never Be The Same.

When regulators finally opened the starting gates for spot bitcoin ETFs to trade, existing funds that converted to the new model surged, new funds racked up trading volume and bitcoin prices bolted higher. Then, by the end of the first trading Thursday, most of the funds lost ground.

The Securities and Exchange Commission officially approved 11 spot bitcoin ETFs for trading late Wednesday. Trading kicked off early Thursday on the NYSE, Nasdaq and Chicago Board Options Exchange. The funds, all spot bitcoin ETFs, directly purchase and hold bitcoin assets.

The new spot bitcoin funds are expected to increase direct demand for bitcoin and lure institutions and other new investor classes into cryptocurrencies and other digital assets.

We are at the beginning of the first-ever institutional bull market in crypto — and spot ETF momentum is a key part of the momentum," said Diogo Monica, president and co-founder of Anchorage Digital. Anchorage helps institutions buy, store and manage digital assets.

Sell The News Of Bitcoin ETFs?

The recent bitcoin reversal was unsurprising for Cathie Wood, who predicted the first wave of approvals could see the bitcoin price drop as investors take profits.

"There has been a big anticipatory move," Wood told Yahoo Finance. "Those who have been moving in and enjoying some nice profits will probably sell on the news."

But that is just in the short term. Wood thinks institutions have been hesitant to participate in crypto before the SEC approves a spot bitcoin ETF. "All we need is for the trillions of dollars in institutional assets out there to allocate maybe 0.1% or 0.2% to an ETF," Wood said. "And that will move the price significantly."

#Bitcoin Price Outlook

Despite concerns of short-term dips, the consensus is that the spot bitcoin ETF approval and bitcoin halving will be positive catalysts in 2024.

VanEck forecasts bitcoin will reach an all-time high in November this year, three years after its previous record of $69,000 in November 2021.

#Solana Price Prediction:

Amid the recent market uncertainty surrounding spot Bitcoin ETF approval, the Solana price witnessed a notable correction in the last two weeks. From the new local top of $126.36, the coin price has plunged nearly 25% to currently trade at $94.58. However, a look at the daily time frame chart shows this correction has led to the development of a bullish Flag pattern which indicates the asset will rebound aiming for higher targets

Flag Pattern Could Resume Recovery in #SOL Price

A healthy retracement to 38.2% FIB reflects the overall trend of this asset remains bullish.

A bullish breakout from the flag pattern will hint at the end of the correction end

The 24-hour trading volume on the Solana coin is $2.9Billion.

However, a steady lower-high, lower-low formation in the daily time frame showcased the formation of a bullish reversal pattern called FLAG. Following this pattern, the current retracement could be a temporary pullback to replenish the exhausted bullish movement pattern and prepare buyers for the next leap.

As per the Fibonacci extension, the spot-breakout rally could surge the altcoin by 58% to hit a potential target of $152.

9 reasons why #Solana is the best

1. Scalability

Unlike many other blockchain platforms that can only handle a limited number of transactions per second, Solana is capable of processing up to 65,000 transactions per second (TPS).

2. Low Transaction Fees

While many other blockchain networks charge high fees for transactions, #Solana’s fees is only $.0001 per transaction making it an attractive option for businesses/developers who need to process large volumes of transactions at a low cost.

3. Energy Efficiency

It is also an energy-efficient blockchain network. Unlike other proof-of-work (PoW) blockchains such as Bitcoin and Ethereum, Solana uses a proof-of-stake (PoS) consensus mechanism requiring lot less energy.

4. Cross-Chain Compatibility

It is designed to be cross-chain compatible, it can seamlessly integrate with other blockchains. Making it easier for developers to build decentralized applications (DApps) and blockchain-based solutions that can work across multiple blockchain platforms.

5. Smart Contract Functionality

Solana supports smart contract functionality, which allows developers to create and execute complex business logic on the blockchain. This makes it easier to build decentralized applications.

6. Decentralization

Solana is a decentralized blockchain network, which means that any central authority or organization does not control it. This makes it a more secure and transparent option for businesses and individuals.

7. Governance

Solana also has a robust governance system that allows users to participate in the network’s decision-making process. This ensures that the network remains decentralized.

8. Security

Solana’s architecture is designed to be highly secure, with multiple layers of encryption and authentication. This makes it more resistant to hacking and other security threats.

9. Growing Adoption

Solana is experiencing growing mass adoption, including DeFi, gaming, NFTs, and more. As more businesses discover the benefits of Solana, its adoption will grow.

Follow us - we will be launching price forecasts soon !

#Bitcoin is Gold, #Ethereum is Silver and #Solana is Cash used for all transactions ! The more you have of these - the earlier you can retire ! Yes or No? Let me know - maybe you will be a winner

Valkyrie expects spot #bitcoin ETFs to go effective Wednesday with trading beginning Thursday

Crypto traders are holding their breath waiting for the US Securities and Exchanges Commission to approve a first bitcoin spot exchange-traded fund — and one of the issuers, Valkyrie Investments, is anticipating a decision shortly.

“We’re expecting the SEC will deem the ETFs effective at close of business on Wednesday and the trading to begin on Thursday morning,” Valkyrie Investments co-founder and CIO Steven McClurg told The Block in an interview.

If and when trading begins on Thursday, McClurg expects $200 million to $400 million of investors’ funds coming to Valkyrie’s #ETF, and all participants might see $4-5 billion of inflows over the first couple of weeks, he said.

Not all the 13 ETF applicants might make it to the finish line in the first wave, though, but McClurg expects the first batch of 10 ETFs to launch at the same time. “I do suspect that one or two might not get off the ground on day one, just because there is a lot of work to be put in. I know that my team worked all through the Christmas holidays and over the last week, too, to be sure we’re ready to go,” he added.  

“There is a lot of work behind the scenes to go into something like that — it’s not like a normal ETF. One complication here is that you have two custodians, one for crypto and one for cash, and making sure that these two accounts are connected. It’s almost like double work to get launched in a situation like that,” McClurg explained.

The biggest hope for the #bitcoin spot ETF so far has been that it will attract the U.S. institutional investors, but McClurg said it’s likely that retail investors will be the first to pour money in. “Out of the gate, it’s going to be mostly retail, some financial advisors.

This is partly because financial advisors normally take some time to watch new financial products trade before they recommend them to clients.

Who is buying the dip?

While the cryptomarkets are seeing volatility and have seen price dips, there has been a significant increase in volumes traded. #bitcoin #ethereum and #Solana all have increased daily volumes even in these market conditions and easily account for 80% of total volume traded. As a retail trader you have to ask the question " if I am selling - who's buying these?". Perhaps it's the new institutional buyers or perhaps it's new crypto traders who are entering the market after hearing about the possible #bitcoin ETF approval. Doesn't matter who is buying - we have all seen historically the sellers are going to lose in the long run.

With the ETF approval all but certain with analysts saying it's a 90% possibility this week, Bitcoin halving in a couple of months and interest rates scheduled to decrease around the world during 2024 - there has never been a better time to HODL.

Happy trading my friends and I hope you make plenty of gains. If you are not following me yet - please click follow. Cheers to all !!

🚀 🚀 🚀

BLACKROCK EXPECTS ETF APPROVAL ON10th January 2024

Blackrock, the world’s largest asset manager, reportedly expects its spot #bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust, to be approved by the U.S. Securities and Exchange Commission (SEC) this Wednesday. Reports say, the asset manager has lined up over $2 billion in capital for its spot #bitcoin ETF launch.

Anticipation for the U.S. SEC’s upcoming decision on spot bitcoin ETFs has reached a fever pitch, with analysts predicting that the regulator may approve multiple applications at once early next week. Jan. 10 is the deadline for the SEC to make a decision on the joint spot bitcoin ETF proposal by Cathie Wood’s Ark Invest and 21shares.

While some believe that a decision could come as soon as Monday, Blackrock, the world’s largest asset manager, expects the SEC to approve its spot bitcoin ETF, on Wednesday, according to Fox News.

Currently, 11 spot bitcoin ETFs are vying for approval. Proposals to list and trade all of them were submitted to the securities regulator on Friday. Once the SEC green-lights these proposals, and the issuers sign off on their S-1 filings, the approved spot bitcoin ETFs can begin trading.

Besides Blackrock Bitcoin Trust, the 10 other applicants are Grayscale Bitcoin Trust, Ark 21shares Bitcoin ETF, Bitwise Bitcoin Trust, Vaneck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, Fidelity Wise Origin Bitcoin Trust, Valkyrie Bitcoin Fund, Hashdex Bitcoin ETF, and Franklin Bitcoin ETF.

Blackrock has lined up over $2 billion for the launch of its Bitcoin Trust. The world’s largest asset manager has named Jane Street/ JPMorgan as the fund’s authorized participants.

Last-minute efforts, such as a letter from Better Markets warning of financial carnage and massive investor harm, aim to compel the SEC to reject spot bitcoin ETFs. Many have dismissed these concerns and remain confident in SEC’s approval. Vaneck’s digital assets director noted last week that investors often overlook the long-term impact of spot #bitcoin ETFs.

INDICATION THAT ETF IS COMING ?

Surprising development unfolded within the crypto community as more than $1 billion worth of #Bitcoin was withdrawn from the reputable Kraken exchange starting from yesterday and continuing today.

The withdrawals, ranging from 400 to nearly 1,000 #BTC per transaction, caught the attention of industry observers due to their sheer scale. In total, based on Whale Alert data, over 40 such transactions took place, prompting speculation and discussions within the crypto space.

The timing of the significant withdrawals is particularly noteworthy, occurring just three days before the imminent decision on the spot Bitcoin ETF by the SEC. With the official announcement scheduled for Jan. 10, the crypto community is eagerly awaiting the outcome while engaging in various speculations.

🚨 🚨 597 #BTC (26,289,005 USD) transferred from #Kraken to unknown wallethttps://t.co/bxrzpci09P— Whale Alert (@whale_alert) January 7, 2024

Kraken, a U.S.-based exchange, is known for its regulatory compliance, being registered as a Money Services Business with FinCEN and supervised by the Wyoming Division of Banking. The sudden movement of Bitcoin from such a well-regulated platform has raised questions about the motives behind these large-scale withdrawals.

Too much to consider

Adding to the current uncertainties is the impending third halving of BTC, expected in around 100 days. This event, considered short-term in financial markets, is poised to impact the valuation of digital assets significantly. As the pressure builds and the industry navigates through these developments, the community is faced with events that even seasoned participants find challenging to interpret.

The massive Bitcoin outflow from Kraken comes at a critical juncture, heightening anticipation for both the ETF decision and the approaching BTC halving.

#Solana a sets records for monthly new and active addresses amid price rally

Following its token’s 100% gain from last month’s price, the #Solana network has also set records for new and active addresses on the network.

All eyes have been on #Solana in recent days, as the coin's rapid rise in price generates waves of hype in its wake. Saga phones, loaded up with BONK airdrops, are still selling for thousands on eBay as traders celebrate the coin passing $100 just over a year after the FTX collapse helped drive its price below $10. 

According to data from The Block, #Solana's network has also already set records for monthly new and active addresses, despite the week still remaining in the month.

The number of active #Solana network addresses has increased about 50% over its November numbers to hit over 15.6 million, an increase over its former record of 15.2 million in January of this year. 

Here's a breakdown of potential scenarios if the #Bitcoin and #Ethereum spot ETF applications are approved by the SEC on January 10, 2024.

A spot ETF approval would provide easier access for institutional investors, significantly boosting demand and potentially driving prices of #Bitcoin and #Ethereum higher. Blackrock alone manages US$ 10 trillion worth of assets. If they were to direct 0.5% to 1% of these funds towards Bitcoin and #Ethereum that would mean US$ 5Bn to US$ 10Bn of fresh capital being invested in Bitcoin and Ethereum. That would only be the start! and then there are the other 12 asset managers who have made applications for spot ETF's such as Franklin Templeton, Invesco, Fidelity Investments, Ark Investments/21 shares, VanEck, etc.

Looking at the all-time high prices of Bitcoin and Ethereum - I would say they are highly underpriced at the moment. What do you think?

Please share the post my friends

#Ethereum Price prediction

Ethereum Price Annual Forecast: Spot ETF and sharding to drive ETH beyond $4,000 in 2024. Ethereum price rallied by over 85% in 2023 – a similar increase in 2024 places the target above $4,000

Source: www.fxstreet.com

#Solana to the moon !

New all time high before 9th January !! Who remembers #Solana all time high price ?

Hong Kong Opens Doors For Spot Crypto ETFs Applications Amid US SEC Anticipated Approval

Hong Kong has announced its readiness to accept applications for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC), Hong Kong’s financial watchdog, alongside the Hong Kong Monetary Authority, the city’s central banking institution, jointly published circulars today, laying the groundwork for this significant shift in the crypto landscape.

The move marks a decisive step in Hong Kong’s efforts to position itself as a leading hub for digital asset innovation and regulation. The SFC’s readiness to consider applications for spot crypto ETFs signals a progressive approach to embracing the growing interest in digital assets.

The regulator has specified that these ETFs should primarily focus on investments directly in spot virtual asset tokens available to the Hong Kong public on SFC-licensed virtual asset trading platforms (VATPs).

Source: www bitcoinist.com

Will #Solana hit it's all time high in the next 2 weeks?