BTC vs NASDAQ

BTC ETF

Stockdale Paradox

Stockdale paradox

Rational optimism that calmly accepts the pessimistic reality and overcomes the harsh reality with a firm belief that things will get better in the future.

The Stockdale Paradox is different from vague optimism or self-deception that is unrealistic and distorts reality in that it is accompanied by a cool-headed perception of reality and a clear will to achieve goals.

Named after James Bond Stockdale, an American military officer who was a prisoner of war.

While James Bond Stockdale was a prisoner of war in Vietnam, he faced the harsh reality and survived, while his colleagues who were only optimistic about the situation without preparation died from the continued heartache.

Approval of four BTC spot ETFs, including Blackrock and Invesco, postponed... The remaining three may also be postponed

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has postponed approval of the application for the Invesco Bitcoin spot ETF. Of the seven Bitcoin spot ETF applications that required an approval decision by mid-October, four (Valkyrie, Bitwise, Blackrock, and Invesco) have been postponed. Regarding this, Bloomberg analyst James Seyffart said, "Due to the possibility of a U.S. government shutdown becoming a reality on October 1 (local time), the remaining Fidelity, VanEck, and WisdomTree's applications for Bitcoin spot ETFs may also be postponed." .

https://coinnesslive.page.link/qWCDPUF6eNGhYe687

#ETFs

Tether purchased 10,000 Nvidia H100 GPUs worth $420 million in exchange for a 20% stake in Northern Data, Europe's largest Bitcoin mining company. Northern Data plans to lease these GPUs to artificial intelligence startups.

#Ftx is coming alive...???

❓zkSync One person is running 21,877 accounts

1. An airdrop hunter created a non-open source DEX that trades a token called $GEM.

2. Register all work wallets in WL and then claim $GEM one by one.

3. Earned $10,000 volume and 10tx by selling claimed $GEM, minted tokens and provided liquidity, so slippage is zero.

4. Run this to 21,877 wallets using bot code

A rash has appeared and I'm curious how MatterLabs will handle it.

Original text: https://twitter.com/lingland09/status/1700970363713167450?s=20

#PrismaFinance

#airdrop

- Rewards for contributors during Prisma Guarded launch period

- Points will be mainly rewarded to vault + mkUSD users

- Incentives will be provided for activities that contribute to the Prisma ecosystem

The best safety Cex #Binance

Mirae Asset Securities selects Polygon Chain to accelerate the development of tokenized securities network and introduction of Web3

https://www.coindesk.com/business/2023/09/07/500b-korean-asset-manager-taps-polygon-labs-to-develop-tokenized-securities-network/

#MATIC

Metamask “Can cash out coins in wallet”

Metamask, a virtual asset wallet service, has introduced a virtual asset cashing function.
We have introduced a ‘Sell’ function that allows you to sell virtual assets stored in your wallet and exchange them for fiat currency.

He also said, “The fiat currency that has been exchanged is sent to the bank account or PayPal selected by the user.”

This feature is currently available in the US and select regions in Europe, but will be available in more regions in the future.

Coins can be cashed out in the U.S.

BTC short-term SOPR, selling after reporting losses for #holders of less than 6 months] Short-term SOPR: This is an indicator showing the #profits and losses of short-term BTC investors (holders of less than 6 months). If it is above 1, short-term investors sell at a profit, and if it is below 1, they sell at a loss. The current short-term SOPR indicator value is 0.98. Therefore, it can be seen that holders of less than 6 months of BTC are selling at a loss. However, #BTC TC showed a pattern of whales and institutions accumulating the selling volume of short-term investors during the recovery and rising phases. Personally, I view the current period as the 'recovery phase' before the 'up rally' phase begins, and I think it is around July 2016 and December 2019. Even if a crash occurs in the asset market, we believe that the period will not be very long. Because of this risk, if we do not purchase and the stock rises, that is also a risk, so we are dividing it into installments and conducting #DCA.

#Breaking News

Cross-chain protocol Synapse Labs revealed that its liquidity provider sold SYN tokens today and removed liquidity. 0x4d… Sold 473f 9 million SYN for 2.348 million USDC. 0xD8… 2A05 removed a cumulative $37.537 million from stablecoin liquidity.

“The interest rate hike in the U.S. is over.”

BlackRock, Pimco, and bond investors are now betting that the U.S. interest rate hike is over.

#USA #United States

Here is the judge's opinion:

Grayscale Provides Hard Evidence of 99.9% Correlation Between Bitcoin Spot Market and CME Futures Prices

The SEC approved the listing of two Bitcoin futures ETPs, but failed to adequately explain its reasons for not approving Grayscale's proposed Bitcoin ETP listing.

It is unlawful to treat similar products differently from regulation without a consistent explanation.

Therefore, we (the judge) grant Grayscale's Petition for Review and invalidate the Commission Order.

#SEC #Grayscale

#BlackRock owns an 8.1% stake in #MicroStrategy, so in effect they already own 12,244 #Bitcoins.