The 50-day correlation coefficient between Bitcoin and gold has reached its lowest point since 2018, while Bitcoin and US stocks continue to be highly correlated

Musk's intention to acquire Twitter was delayed by the "poison pill plan". Although there are global management companies like Apollo to help complete the merger and acquisition, people familiar with the matter still said that Twitter is expected to reject Musk's acquisition plan in the next few days. Madman believes that Musk's acquisition of Twitter is not as simple as it seems. This premium acquisition must have seen its value and is eager to develop rapidly at the moment. His acquisition of Twitter is not to pull up the dog market, but to allow all Twitter content to be free of speech, so that humans can truly regain freedom in thought. This is a signal to subvert and break the traditional power again. This transfer of power is also accelerating with the development of more and more borderless multinational companies. Once Twitter embraces true democracy, it means that it may have monopoly traffic. In the future, he wants to make a competitive currency with market consensus, which will be very easy to gain trust, and then it may evolve into a currency issuer, that is, the power of the current central bank. This is as exciting as building a rocket, and it can truly change the way humans produce. In the end, whether Musk can complete the acquisition through some paths, or continue to raise the price to complete the acquisition, is only the first step in realizing his dream. The road ahead is long, but Madman sees the excitement in it.

South Korean lawmakers said that they will speed up the legislation of crypto assets and expect the legal integration plan to be ready in May. South Korea should be the only country that can follow the United States in the crypto industry, and because its decision-making time is shorter, it has the opportunity to get ahead in this field. In short, it is a country that knows how to embrace innovation and is full of vitality.

The new bill proposed by the SEC includes a definition of exchanges, and many crypto industry leaders have opposed it, saying it will inhibit innovation in blockchain technology. The SEC has always been lukewarm about the crypto industry, neither fully supporting nor fully opposing it, allowing it to develop in a market-oriented manner. This may be the attitude of the United States towards innovation.

Russia's cryptocurrency bill shows that residents can purchase a maximum of $7,000 worth of cryptocurrency each year. This should be a decision made due to concerns about a large outflow of foreign exchange reserves. Although it has been sanctioned by Europe and the United States, the first priority is not to allow the ruble to depreciate. This bill will curb many people who want to evade sanctions through cryptocurrency, but whether it will ultimately be effective is still a question mark. After all, the Russian people can also learn from India and us and complete transactions in a peer-to-peer manner to break through the upper limit.

According to Kucoin's report, 33.4 million Nigerians are engaged in crypto trading, mainly because the fiat currency has depreciated by more than 200% in 6 years. Cryptocurrency, especially stablecoin, is very popular among people in many emerging countries. They hold Canadian stablecoins and enjoy the treatment of US dollars, which solves the cancer point of crazy wealth dilution. This is why Americans do not hate the US dollar stablecoin, because they are sucking the fiat currency status of emerging countries through the crypto stablecoin market.

The 50-day correlation coefficient between Bitcoin and gold has reached its lowest point since 2018, while Bitcoin and US stocks continue to be highly correlated. Yesterday, US stocks fluctuated and fell at night, but Bitcoin City has made an independent rebound. Whether this will be the beginning of decoupling from US stocks, we still need to observe, but this reversal of large volume against US stocks may become a staged reversal point, and the next few days will no longer be dark.

Panic 27, still panic.

Coin News:

Bitcoin: The overnight reversal confirmed the low point of the box, which will bring about a relatively sustained rebound. If it can be completely decoupled from the U.S. stock market, it can be expected that the staged spring of encryption is coming. The consensus generated by the bulls here has the opportunity to continue to push up the market value of the currency price.

Ethereum: How long the 2.0 upgrade will be postponed will be decided before April 29. Wait patiently for new news. The current target is the third quarter. Currently, the 2.0 pledge volume has accounted for 10% of the circulating market. The proportion of locked Ethereum is increasing, indicating that more and more Ethereum investors believe in its future. You can consider adding positions or holding, mainly in conjunction with a strong rebound.

ADA: More than 90,000 new wallet addresses have been added in the past month. There are still some incremental increases, and some small ecosystems have gradually improved. Although the scale is still small, it is better than nothing. The current valuation is still overestimated, and it is difficult to have an independent trend in the short term.

GMT: The transaction volume once again ranked first in the 24h currency circle. Its new version will support BNB and launch various GMT and GST destruction activities, such as running shoe upgrades, gem adjustment, and improved running game experience. I can only watch it. I dare not chase it at this position. Due to the large fluctuations, I can fight for some ultra-short fluctuations with a stop loss.

BNB: 1.8 million BNB will be destroyed, with a value of US$740 million. This is the root of its long-term value. Coupled with its on-chain consumption, the future is still bright.

XMR: The Monero community will conduct a hard fork on July 16 to upgrade its network efficiency and anonymity. It is still an independent market at present, so hold it if it does not break the 5-day line.

LUNA: The public suspect forerunner of this round of rebound is still due to the crazy development of UST. At present, LUNA already holds 2.2 million CVX, becoming the largest DAO of the CVX protocol. This will be beneficial to the depth of its UST and other stablecoin exchange pools, allowing it to bypass the stablecoin MIM to buy more Bitcoin. As long as the market rebounds, LUNA's performance will not be too bad.

ALGO: A 4:00 o'clock advertisement was made in Times Square when the lights were turned off, mainly promoting its sustainable environmental trading. The market price did not react much in the short term, which was a weak linkage market.

LINK: The new version has been released, which has improved the cost efficiency of the oracle. As long as the project continues to develop, it has the opportunity to continue to grow in the future and is still optimistic.

Filecoin Lending: Launched a funding program for storage providers and launched its first product, Indexer.

In the future, everything can be NFT, and many things will need to be migrated for storage. In this field, lunatics are still most optimistic about AR, followed by FIL. The future opportunities are relatively clear.

APE: The 24-hour trading volume of Bored Ape increased by 30%, which means that the liquidity of this series of NFTs has been restored, which is good for APE and has the opportunity to rebound. The fluctuation of APE mainly depends on the floor price and trading volume of these NFTs. As long as the consensus is there, the price of the currency will be relatively easy to increase. Once it is exhausted, the market price will fall, and the change is relatively fast.