After the #Bitcoin spot ETF, finally there is a second cryptocurrency that passed 19b-4. Although it does not mean that the #ETH spot ETF has been approved, in theory it is only a matter of time before it is approved. Congratulations to #Ethereum . Next, let's wait for the S-1/S-3 approval!

We have once again witnessed an epic event and witnessed our future!

Grayscale, BlackRock, Cathie Wood, Invesco, etc. have all passed! Witnessed the epic event in the blockchain field. When the prices of #BTC and #ETH break through the sky, we are witnesses! Witnessed the beginning of this era!

#btc , born in a humble family, fought back all the way, spiraled up amid doubts, and finally became unattainable
#meme币 , born casually, ups and downs, playing games
Altcoin, short-lived, high opening and low closing, and finally zero
#bnb , born in a noble family, rising steadily
#eth , noble son of a wealthy family, hardworking and motivated, the benchmark of the second generation of rich people
#nft , very high-level personality, high-brow, not worldly

Which one are you?

#灰度 has just updated their 19b-4 form.

19b-4 is one of the many links before #ETF is approved.

In theory, this form is for some "self-regulatory organizations" to report to #SEC . Of course, although these "self-regulatory organizations" are not part of the government, they are very official.

This 19b-4 form needs to be made public. After these institutions submit it to the SEC, it can be found on the SEC's official website in theory.

This time ETH rose in response, and many people including James, Eric and others also received information that the SEC asked everyone to update the 19b-4 form, so the pass rate forecast was raised to 75%.

PS: Why is this a good signal? If the SEC does not want you to pass at all, it is not necessary to ask you to change this form.

According to the process of the last #BTC ETF, after this form is approved, the S-1 form must be approved next, and the S-1 form is much more important.

The S-1 form is roughly equivalent to the listing application form, and 19b-4 can be understood as a pre-emptive action.

PS: Of course, Grayscale also needs to use the S-3 form, because it is not a new asset listing, but an old financial product (that is, the current ETF trust that only allows inflows and outflows) to be listed as an ETF.

Recently, the topic of "there may be no alt season in this round of bull market" has been circulating, and many retail investors have been scared off by this sentence. As a die-hard bull in this round of bull market, the old driver talks about his own views.

First of all, we need to clarify the concept of "alt season". The so-called alt season is still the script of the previous bull market: clear sector rotation, and the frenzy of hundreds of coins flying together. We have always said "the sun and the moon shine together", which means that under the leadership of big cake/ether, the alts are blooming and competing to pull the market.

But this round of bull market has obviously not reached that kind of frenzy. Maybe it is not enough new funds, or maybe it is that the market has become more mature. The project parties are obviously operating in a refined manner. Every now and then, there are dozens of times of meme coins emerging, and there are also VC coins that pull several times, but the phenomenon of collective runaway of the sector is obviously not as good as in the previous rounds of bull market.

From the old driver's point of view, the alt season has not disappeared, but has changed. We can no longer define the "alt season" based on the experience of the previous rounds of bull market. It does not mean that all alts cannot get up. The alts are all following their own rhythms and have their own market-making plans. As strong as the US stock market is, not all stocks are rising in the ten-year bull market of the US stock market, but the leading stocks are taking turns to perform.

Pick the cottage you like and hold on to it. Even players like CZ (selling houses to buy pie) cannot ensure that they buy at the bottom. The key is to hold on after the big wash. If you want to sell your stocks after a few words from others, you will not be able to enjoy the bull market even if it is strong.

The wash lasted for a whole day yesterday, and the greed index went directly from 58 to 52. This wave of wash was effective and directly broke the psychological defenses of many retail investors. Even if you didn't sell your stocks yesterday, you would leave the market when Ethereum returned to 3300.

Speculating on coins cannot change your destiny, but those who have faith in #HOLD can change their destiny.

Crypto-related PACs have raised $102 million for the US election, with #Coinbase and #Ripple Labs as the main supporters.

For the Biden administration, cryptocurrency may not be an issue that is conducive to the election, but it must not become a weapon for competitors to attack themselves. Especially when Trump continues to gain support in the crypto field.

With #btc ETF in front of the proof, #以太坊etf is likely to not be repeatedly pulled and will pass more quickly. The next one is #sol ETF.

The biggest difference between ETH and BTC is that retail investors did not have much BTC at the time, and most people held ETH. If ETH ETF passes, the rise of ETH will directly bring abundant water to the cottage market. The same is true for sol ETF. The bull market is still in the early and middle stages.

Let's calculate, if #ETH is approved by #ETF , how much will it rise?

BTC is approved by #ETF , and the highest rise is 73777 dollars, which is 11% of the highest point

ETH is approved by #ETF , and it should rise to at least 11% of the highest point, which is 4868*1.11=5403 points

The current price is 3668, so the family still has 30% room for growth.

#BTC

Only 9 tokens outperformed $ETH today👇

• $ENS 37.40%
• $LIDO 32.30%
• $METIS 30.90%
• $ETHFI 26.20%
• $BONK 23.30%
• $UNI 19.20%
• $BLUR 18.70%
• $PEPE 18.60%
• $ENA 18.40%
• $ETH 18.10%

This is only the top 200 tokens by market cap

Grayscale CEO Michael Sonnenshein will resign, and Peter Mintzberg, currently head of global strategy at Goldman Sachs' asset and wealth management division, will take over in August. Currently, Chief Financial Officer Edward McGee is the CEO. People familiar with the matter said that the group began looking for a new CEO at the end of 2023, and the move had nothing to do with GBTC's performance or outflows. GBTC investors have withdrawn more than $17 billion since January.

The inflation rate in these countries is so serious, so it is inevitable to embrace #比特币 . In order to get rid of the hegemony of the US dollar, it is only a matter of time before Bitcoin is adopted as the national currency. #比特币 #Bitcoin

From the following five aspects,#BTCis expected to return to $70,000

1. ETF has a net inflow of about 1 billion US dollars for 5 consecutive days.

2. There are not many #BTC inflows into the exchange, only more than 2,000. The general trend in the past few days is outflow. The outflow of #btc is deposited in cold wallets, and the liquidity is reduced.

3. CME plans to launch spot Bitcoin, which marks the further advancement of major Wall Street institutions in cryptocurrencies. #BTC

4. This year is destined to cut interest rates. Before the real interest rate cut comes, the expectation of interest rate cuts will be hyped. If the interest rate cut is in September, once it is announced, it is very likely that the good news will be implemented and then adjusted. The brothers in the car are currently advised to hold patiently to avoid missing out.

5. Except for the CPI last month that was lower than expected, the non-agricultural data are all positive #btc . In the first quarter, US household debt reached a record level, indicating that many Americans are difficult to repay their debts. #BTC走势分析

According to Bitcoincom, the Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in prison on illegal Bitcoin miners in response to the massive theft of electricity that threatens the National Electricity Administration (ANDE). The bill allows Paraguayan police and prosecutors to confiscate and sell illegal mining equipment. More than 5,000 ASIC miners have been confiscated this year. Previously, Paraguay suspended a proposed ban on crypto mining and considered selling excess energy from hydroelectric power stations to miners.