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The_Eagle100
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So much for the strong jobs market
New jobless claims hit 2 year highs
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Mr100 still buying .... 10 Buys in just over 4 days Total $BTC Purchased: 1,046.72 BTC Total USD Dropped: $64,672,766.02 USD
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Van Eck files for SOL ETF Big news esp considering SOL is quite small in market cap terms. Their reasoning? VanEck has filed for the FIRST Solana exchange-traded fund (ETF) in the US. Reasons for Filing: Solana is an open-source blockchain designed for various applications, including payments, trading, gaming, and social interactions. It operates as a single global state machine without sharding or layer 2s, offering scalability, speed, and low costs. Solana enables thousands of transactions per second with minimal fees and combines proof-of-history and proof-of-stake for security. High throughput, low fees, robust security, and a strong community make Solana an attractive option for an ETF. Why SOL is a Commodity: SOL is used to pay for transaction fees and computational services on the blockchain. Similar to bitcoin and ether, SOL can be traded or used in peer-to-peer transactions. The Solana ecosystem supports a broad range of applications, including DeFi and NFTs. Solana's decentralized network is maintained by numerous independent validators globally. SOL’s decentralized nature, high utility, and economic feasibility align with other digital commodities, making it valuable for investors and entrepreneurs.
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Quick BTC Update Mr. 100 has made four purchases in the last 24 hours. It appears that the ETFs are set to turn positive tonight unless BlackRock initiates a significant sell-off. Overall, the outlook is positive, Have we successfully NAILED the market bottom yesterday????
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Someone bought the dip HARD 9 hours ago Someone bought $935M worth of BTC ie 15793 BTC under $60K
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GBTC Dumps another 90.5M The Hedge Fund Carry Trade unwind continues. We will find out soon if any other ETFs are snagging this dip or hanging tight.
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