$PEPE The total market value of FT has reached 6 billion US dollars
$PEPE NFT has been hitting the floor...

I have to say that the current NFT market is really too bearish
Such a hot IP actually has such a performance
It forms such a strong contrast with FT

No one was interested in the public sale stage
It was swept up all the way after the mint was completed

I also organized a Chinese Peplicator group
I thought I could replicate the myth of MAYC in the meme world

In the end, no matter how strong the IP is, it still loses to the overall downturn of the sector...

4,000 BTC were found on an old computer. Today, it was all over the chat groups. It seems that there is such news every few years. Let’s not talk about whether the story is true or not. Most people think that BTC was very cheap in 2014-2015 and could be bought at a bargain price. However, the truth is that even at the market’s low point, the price of BTC remained at a minimum of more than $200. 4,000 BTC is worth a little over a million dollars. As for the possibility of forgetting this money, you can do the math yourself...

Whether it is the Ethereum ETF or the FIT21 Act, the reason why the US political circle's attitude suddenly reversed 180 degrees is not because of the so-called "will of the people", otherwise the "Free Palestine" movement in American universities has been so vigorous and there has been no sign of relaxation. It is more because the Federal Reserve has run out of tricks, and Wall Street has begun to look for Plan B for the final collapse of the US dollar's credit.

"Possible Analysis of the Truth Behind the Reversal of Ethereum ETF"

The SEC's attitude towards Ethereum ETF has reversed 180 degrees recently. There are many different opinions on the real reason, but the most widely circulated one is ZZ direction, that is, Biden is extending an olive branch to the younger generation of crypto users for the 2024 election...

But is it really so?

Because from a realistic perspective, the impact of Ethereum ETF on its support rate is actually minimal, which may not be as good as a small change in Palestinian-Israeli policy, and Bitcoin ETF has been approved before, and all recent analyses are not optimistic about the approval of Ethereum ETF

So what exactly caused the SEC's attitude reversal? Let's analyze it from the perspective of interests.

First of all, it is clear that the SEC is not the decision maker of this reversal. Just like the "noncommittal" statement of SEC Chairman Gensler before and after the passage of Bitcoin ETF, from the perspective of regulators, cryptocurrency is a "chaotic and scam-filled place", especially after the collapse of FTX, this view is more accepted by mainstream public opinion.

So the real promoters behind it must have clear interests. Here we can compare Bitcoin ETF and Ethereum ETF. I wrote a long article before - "Bitcoin ETF, Wall Street and Liangshan Marsh".

https://x.com/FlagofMuskox/status/1752138593748103281

It analyzes in detail the evolution of the game relationship between the "Liangshan heroes" in the cryptocurrency circle and the mainstream financial circle of Wall Street behind the passage of Bitcoin ETF.

The old money represented by Wall Street once ignored Bitcoin. We can see this from J.P. Morgan Chase's ... Morgan, a top investment bank with deep background, can see that it is just that the decline of hegemony caused by the over-issuance of the US dollar has made the establishment notice the quiet budding of the new order, until they have to accept its existence and even plan to further "pacify" it.

The use of ETF is actually a clear signal that Wall Street or the international financial capital group is also preparing for the collapse of the US dollar credit, opening up the compliance channels controlled by itself in advance and becoming a new asset reservoir.

And at this time point, the anti-expected preparation for the Ethereum ETF is just like my previous analysis of the changes in the macro environment brought about by the Federal Reserve's monetary policy. It is very likely that the monetary flood after this interest rate cut will be unprecedented, so it is necessary to absorb the huge amount of liquidity by increasing the ETF.

https://x.com/FlagofMuskox/status/1791040570376544422

https://x.com/FlagofMuskox/status/1792138845536010389

If this is true, then we have reason to expect this round of record-breaking Bitcoin and Ethereum ATH prices, as well as the largest cryptocurrency bull market in history, which will have a far greater impact on the world's financial system and even on the production and life of human society than you and I can imagine

And if we take the time of Web2 If we bring in the line, 2022≈1997, then 2024≈1999. We may be on the eve of the unprecedented Web3 "cryptocurrency bubble burst"...

https://x.com/FlagofMuskox/status/1529056045280002049

Of course, the above is just an outsider's reasoning and analysis. The real reason may only be known by "insiders" themselves. However, the two major ETFs have brought huge liquidity by superimposing the expectation of global central bank rate cuts. We have reason to expect the super market in this round of cryptocurrency market
#BTC#ETH