Grayscale's GBTC holdings have fallen below 300,000. From January to now, more than half of them have been sold in more than three months. As long as its management fee does not drop, users will continue to change positions until all are replaced. This is the only reason why the market has been falling recently.

How can Chinese leaders in the cryptocurrency industry avoid imprisonment in the United States? @cz_binance
1. Retire after success and do not ask about the affairs of the cryptocurrency industry
Learn from Xu Mingxing or Li Xiaolai, quit the cryptocurrency industry early, hand over the leader token, and raise children and write books at home from now on
2. It is better to be second in the world than first in the world
The SEC always keeps its eyes on the leading companies in the cryptocurrency industry, especially CEXs such as Binance, whose transaction volume accounts for more than 50% of the crypto field. On the other hand, EuroEasy Huobi is much safer

Last August, PayPal announced the launch of stablecoin PYUSD payment, and began to enter the crypto field; and today, Stripe re-enables cryptocurrency as a payment method, and will support USDC stablecoin payments on SOL, ETH and Polygon

The largest payment giants in the United States have already supported cryptocurrency payments. With the continuous development and maturity of Bitcoin Lightning Network payment technology, BTC will definitely become an internationally accepted payment currency in the future, with huge potential

After the Bitcoin spot ETF was approved, BTC rose by 60%
After the Ethereum spot ETF was approved, can ETH rise____?

Ethereum ETF has a bit of the flavor of Bitcoin ETF. Before Bitcoin ETF was approved on January 11, the Americans played a few werewolf games. First, an authoritative blockchain media published an article that the SEC approved Bitcoin ETF, and deleted it the next day, saying that it was posted by an intern. The second time, the SEC officially tweeted that Bitcoin ETF was approved, and then said that the Twitter account was hacked, and it was approved the third time. I hope the Americans will not repeat the old tricks with Ethereum ETF this time. Let's see what new tricks you can play.

3 Bitcoin spot ETFs will start trading in Hong Kong on April 30. Harvest Fund, which has an asset management scale of 230 billion, has a management fee of 0 in the first 6 months. This is our business model in China. Let's fight a wave of price wars first. With the inflow of new funds, Bitcoin is expected to hit 68,000 again. In the short term, you can add spot positions around 63,500 or below. #比特币 #Bitcoin

Although we know that the Americans will not let CZ off easily, and Binance has been fined billions, this is far from what the Americans want. What the Americans want is the entire Binance and even the entire crypto industry. However, seeing so many people write letters of forgiveness for CZ, everyone is moved. I hope this move can make the United States change its attitude, sentence CZ lightly, and give him freedom. Putting aside his identity as the crypto emperor, as a father of three children, a sister cannot live without a husband, and the children cannot live without a father.

In May, the United States will 100% approve the Ethereum spot ETF
1. Hong Kong has approved the Ethereum spot ETF, and the United States will not let others eat this big cake alone
2. SEC solicits opinions on BlackRock's revised Ethereum spot ETF proposal
3. After the Bitcoin ETF was approved, the market responded positively, with a net inflow of more than 35 billion, which created a huge wealth effect
4. The Ethereum futures ETF has been approved, and there is no reason for the spot ETF not to be approved

The inflow duration of IBIT, the spot Bitcoin ETF under BlackRock, has reached 71 days, officially entering the top ten in history, breaking the inflow record of US ETFs. BlackRock is worthy of being the world's top asset management company with a very keen business sense. It just came into contact with Bitcoin in the last bull market, and directly embraced Bitcoin in this bull market. It is currently the biggest winner of Bitcoin ETFs.

Recently, Bitcoin has been trading sideways, and people often ask if there is still bullishness. The answer to this question can be found in Grayscale Trust’s increase in holdings. From 2021 to 2023, Grayscale has never increased its holdings of any token, but since this year, it has been increasing its holdings of SOL, BCH, LTC, MANA, LINK, FIL and other coins, indicating that it is quite optimistic about the future market. Grayscale, this old fox, is increasing its holdings. Do you think there is still bullishness?

Many coins are still at the bottom recently, such as ETH, SOL, BCH, UNI, NEAR, OP, LINK, etc. Place orders every 3% down, select two or three of them, place three or four orders for each coin, and take as many as you can. Many coins will see a rebound in the future. At least in this round of bull market, there is still 2-5 times of spot price growth space.

The current daily trend of Bitcoin is somewhat similar to the correction in January. It also broke through MA60, then bottomed out and rebounded, and then moved sideways near MA30. Therefore, in the short term, Bitcoin will fluctuate in a narrow range between MA10 and MA30 (64,000-67,000) for one or two weeks, and wait for its MACD to cross the zero axis again before launching a new attack. Once it breaks through and stabilizes at 68,000, it will hit a new historical high in the future. #比特币 #Bitcoin

The US SEC publicly solicited opinions on the amendment of BlackRock's spot Ethereum ETF, requiring opinions to be submitted within 21 days. At present, except for the SEC's opposition, other departments and institutions in the United States support the approval, so in May, the Ethereum spot ETF is likely to be approved. Grayscale has also submitted an application to register the Ethereum Mini Trust ETF. The fee rate should be consistent with the Bitcoin Mini ETF rate of 0.15%, which means that after the Ethereum ETF is approved, users will not switch positions and dump the market.

It's a pity that the Lakers lost today. They were leading the Nuggets by 20 points, but were overtaken. In the end, Murray made a buzzer-beater and directly won the game. They lost 2 games in a row. In this round of the playoffs, if the Lakers beat the Nuggets, they can almost defend the championship, but judging from the current situation, the probability of beating the Nuggets is relatively small. Let's see if LeBron can create a miracle in the next few games.

At the end of May, the Ethereum spot ETF will usher in the next approval. If it is approved, a lot of funds will flow into Ethereum from Web2, and ETH will surely usher in a strong rebound. The probability of approval in May is 80%. Even if it is postponed again in May, the Ethereum spot ETF will definitely be approved this year. It is only a matter of time before it is approved.