2024.3.28 Coin Circle Information

The overall net inflow of ETFs was 3,698 units. What is more surprising is that ARKB has risen. Yesterday, 2,928 units flowed in, with inflows exceeding US$200 million. If other companies in the future can surprise us like ARKB, then this momentum will be unstoppable, and Grayscale will continue to flow out 4370.

Yesterday, three companies, Fetch.ai, SingularityNET and Ocean Protocol, announced the merger of their tokens and the creation of a decentralized artificial intelligence (AI) alliance. The alliance aims to provide a decentralized alternative to projects currently controlled by large tech companies. Fetch.ai’s native token, FET, will transform into ASI (which stands for “Artificial Super Intelligence”), with a total supply of approximately 2.63 billion tokens and a starting price of $2.82. SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens will be merged into ASI at a ratio of approximately 0.433 to 1, giving ASI a fully diluted market cap of approximately $7.5 billion. Yesterday, a piece of news ignited the AI ​​market. First of all, these three were the leaders of the blockchain AI sector last year. They are very powerful in themselves, and they are combined together. I think they will crowd out the others.

According to CoinDesk, Hong Kong asset management companies VSFG and Value Partners have applied to the Hong Kong Securities and Futures Commission (SFC) for a spot Bitcoin ETF. The power of the East is also coming, and the whole world is coming to grab the cake. If you have the cake, you win.

BlackRock co-founder and CEO Larry Fink said in an interview with Fox Business that even if the U.S. Securities and Exchange Commission designates Ethereum as a security, its spot ETF may still be approved, which will increase regulatory scrutiny around ETH. . On March 27, Fidelity filed an S-1 form for a proposed spot Ethereum ETF that included staking. It is really a mystery whether the Ethereum ETF can pass, and various signs indicate that the probability of passing it this year is getting smaller. And it also requires a pledge. Did you use the investor's money to buy the goods? Not only did you receive a management fee, but you also had to pledge it to earn interest? Although I don’t know what specific staking operation was leaked, but it would be a bit shameless to eat and take at the same time.

Market interpretation

There was a double-explosion of long and short prices last night, with an amplitude of more than 3,000 points within an hour, but it came back again today. Yesterday, this one was a bit like a retracement confirmation on the right shoulder of the 4H level. As long as it does not break yesterday's bottom , this right shoulder is completed, just in time for tomorrow's option delivery. There will be a shock today and tomorrow, and a rise over the weekend, and then let the ETF take over. What a good script, but I don't know whether it can be realized.

The Ethereum exchange rate is about to break 0.05. As mentioned above for the Ethereum spot ETF, Grayscale’s ETHE negative premium has returned from -8 to -20, which shows that most people are not willing to bet on this. It also explains it sideways. The probability of passing has indeed decreased.

There are almost no hot spots for copycats today. They may be waiting for option delivery, so just wait.

Today’s panic and greed index: 80 (extremely greedy)

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