Over 10,000 comments supporting Grayscale Bitcoin spot ETF have been submitted to the US SEC

Bank of America expects the ECB to raise interest rates by 50 basis points in July and September, and then by 25 basis points in October and December respectively, reaching a rate hike of 150 basis points by the end of the year. This is much larger than the previous consensus of economists. Even the German 10-year government bond yield has hit a new high since 2014. Therefore, starting next week, we must also pay attention to the movements of European stock markets. At 3 pm every day, the opening of Europe may have an impact on the price of the currency circle. In the next period of time, the calmest time should be from 9 am to 3 pm. The volatility will not be too large, which is suitable for grid trading. At other times, we should consider short-term trends and try to follow the trend.

A US Senate candidate has promised to work to make Dogecoin legal tender if he wins the US Senate election in California. These US officials have begun to frantically seek profits for interest groups in order to win votes, which shows how crazy cryptocurrencies are in the United States. This madness has just begun, and in the future it will be like a plague, sweeping every corner of the earth.

The Central African Republic plans to tokenize its natural resources, which is in line with its previous strategy of establishing a crypto island. The Central African Republic is significantly stronger than El Salvador in the implementation of the crypto market. From accepting legal tender to creating a crypto island, the Central African Republic is moving forward in a planned manner. The Central African Republic may be the first country in the world to practice and implement crypto nation-building. I hope it can succeed in the experiment.

Bermuda has formulated a clear regulatory framework to attract more crypto projects and companies. Bermuda has seen the future development of the crypto market and provided a better crypto environment. It may become one of the future crypto centers. Cryptocurrency is not only an opportunity for the grassroots people to counterattack, but also an opportunity for these small countries to overtake.

Dubai real estate developer DAMAC has completed $50 million in real estate transactions through cryptocurrency this year, which is really efficient. Binghatti, a real estate developer in the same industry, also announced today that it will accept cryptocurrency payments. It has to be said that Dubai has now become one of the global crypto centers, and the reason is that the policy has provided a fertile soil for the growth of crypto.

Brazil's Sao Paulo Club has begun to accept cryptocurrencies as a ticket payment method. Whether it is fan coins or club tickets, the sports and crypto industries are already closely connected, and some of the characteristics of cryptocurrencies are very consistent with the profit model of the sports industry. In the future, the crypto industry will subvert more industries and change the business model of each industry. The WEB3 era has arrived.

More than 10,000 comments supporting Grayscale 's Bitcoin spot ETF have been submitted to the U.S. SEC . Kuang Ren predicts that this will still not enable the SEC to approve the spot ETF. After all, supervision has not caught up. If Grayscale is approved, other companies' must also be approved. Industry rules have not been formulated, and it has nothing to do with public support or not.

The survey shows that crypto fund managers are increasing their bets on ADA, DOT, and XRP . Funds are fleeing Ethereum to these mainstream currencies, especially ADA, which has increased its holdings most significantly, from 5% to 12%, while Bitcoin holders have remained basically the same. As the madman said yesterday, it is a stock game. If the market falls too much, it will rise, and if it rises too much, it will fall. If Ethereum falls, funds will flow to other currencies with more room for growth. The process of stock game is also the process of bottoming out.

Panic 14, extreme panic.

Coin News:

Bitcoin: The market capitalization share rose to 46%, mainly due to the decline of Ethereum. There will be no change in the short term. It is the weekend again, and the market will continue to fluctuate.

ETH: There has been a lot of trading volume recently, and many people are buying at the bottom. If it reaches a new low, there should be an effective rebound.

LINK : The announcement of providing price feed for the SOL mainnet is a long-term positive and will expand the public chain ecosystem, which is worth investing in.

ETC: Ethereum's hash rate has reached an all-time high, and the number of mining machines for Ethereum is still growing wildly. Once 2.0 is launched in the future, these computing powers will either fork or return to ETC. Therefore, ETC has a certain layout logic. Previously, the expected time for ETH2.0 to be launched was August, which is not far away.