OPTIMISM

Richard Byworth, managing partner of SyzCapital, has sparked rumors that bitcoin ETFs listed in Hong Kong will soon be available to mainland Chinese investors. Byworth's statements on X (formerly Twitter) indicate ongoing discussions about the possibility of integrating these ETFs into Stock Connect. Such integration could pave the way for large-scale inflows from mainland China into these digital asset funds.

Byworth argues that We are talking about the possibility of adding ETFs to the Stock Connect system. The implications of that are huge (meaning mainland funds will actually be able to buy them). " This statement followed a dialog started by Samson Mou, who commented on the remarkable early results of #bitcoin fund ChinaAMC, which raised $121 million on its first day of trading.
Will the Hong Kong bitcoin-ETF be open to mainland China?
Mou's statement that the Hong Kong bitcoin #ETF will be open to mainland China reflects his #optimism about the future of bitcoin ETFs in Hong Kong. Brian Hoon-Jong Paik, co-founder and COO of SmashFi, gave his opinion on the financial and socio-economic motivations that could spark mainland China's interest in the Hong Kong bitcoin ETF. He gave his opinion on the financial and socio-economic motivations behind mainland China's interest in the bitcoin ETF.
He highlighted that a huge portion of China's wealth is locked up in real estate, with about 100 million homes lying empty, indicating an urgent need for alternative investment opportunities to stabilize the socio-economic landscape. It is only a matter of time. The CCP needs alternative assets to mitigate social unrest," Baek said.
Paik also noted that there is a widespread misconception that mainland Chinese investors cannot currently invest in ETFs that can be purchased on the Hong Kong Stock Exchange. He explained that several existing financial vehicles already facilitate the active flow of mainland Chinese capital into the Hong Kong market.
Prominent examples are the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which allow investors to trade stocks across the border, albeit with restrictions on daily trading quota.

Read us at: Compass Investments
#TokenEconomy #BlockchainFuture

Ripple's XRP hit a seven-year high this week, rising nearly 45% in just seven days and taking the spotlight.

In particular, the third-largest crypto asset by market capitalization rose to just over $190 billion on Thursday, after a series of positive developments in a legal battle with the U. S. Securities and Exchange Commission, reaching $3. THE CRYPTOCURRENCY'S MARKET CAPITALIZATION HAS RISEN TO JUST OVER $190 BILLION.
XRP's explosive growth is also attributed to a clearer regulatory framework and renewed #optimism about the growing number of institutional users of RippleNet; open interest in #XRP futures reached a record $7.7 billion, reflecting increased trading activity.
After XRP's stunning rise, some analysts speculate that #Cardano (ADA) will be the next to make a similar breakthrough. On Thursday, prominent analyst CryptoBullet noted a striking similarity between Cardano's current price performance and XRP's recent bullish pattern.
#ADA seems to be following XRP as it is drawing the same bullish pennant as XRP, CryptoBullet wrote on Twitter. wrote on Twitter, suggesting that ADA could rise more than 400% in the coming weeks if this pattern reaches its goal of
mature movement Another expert, World of Charts, agreed, noting that ADA is currently
Elsewhere, analyst "Cardano Hieronymus" suggested that ADA's price movement could reflect its performance in 2021, as the current formation seems to follow the exact pennant pattern of that time. He suggested that it may reflect performance in 2021. Specifically, $ADA went from $0.18 to $3.10 in 2021, achieving an impressive gain of 1,622%.
In addition to technical indicators, ADA's bullish momentum is supported by several key fundamental factors.
Specifically, the cryptocurrency's market capitalization recently surpassed $1 billion in a single day, with its price hitting the $ 1.11 mark.

Read us at: Compass Investments
#DigitalCurrency

In this post. Economist Peter Schiff expressed pessimism about the duration of the global economic boom after Trump won the presidential election.

According to the economist, the boom was driven by consumer #optimism fueled by misplaced confidence in the president-elect.
U. S. stock indexes and #digital assets reached all-time highs and the U. S. dollar reached its highest level in almost a decade.
Peter Schiff believes that Trump's economic boom is gradually gaining momentum. The economist added that consumer optimism will not last long, as the current economic problems will worsen.
economist Peter Schiff expressed concern about Trump's current economic boom. The economist's comments sparked a discussion on website X, with more people voicing their opinions on the possible consequences of the economic boom.
Peter Schiff said that consumer optimism about the economy has been gradually increasing since Trump's victory. He added that while the booming economy is likely to continue for some time, it will not solve the problems that voters expected Trump to solve.
Consumer optimism is growing and will continue to grow for some time, as false confidence in the boom caused by Trump continues to spread. However, the good mood won't last long as all the economic problems that voters hoped Trump would solve have worsened.
After Trump was re-elected president of the United States, U. S. stocks hit new highs and the dollar rose against other international currencies.
According to CoinMarketCap, #bitcoin also hit an all-time high a few days after the president-elect's victory. During the campaign, Trump announced his intention to prioritize digital assets, fueling current consumer optimism.
During the campaign, Trump also promised to make the U. S. a global bitcoin superpower.
Among his promises is the removal of U. S. Securities and Exchange Commission Chairman Gary Gensler, who led various crackdowns on digital asset companies during the Biden administration.

Read us at: Compass Investments
#CryptoTrends #TokenEconomy

A high-ranking cryptocurrency strategist believes bitcoin (BTC) is poised to witness a third parabolic jump in this cycle.

In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended.
There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout.
Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum.
Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle.
In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate.
Read us at: Compass Investments
#DigitalCurrency #BlockchainFuture

币安加密货币交易所宣布为这些altcoin网络的网络升级和硬分叉提供全面支持。

全球领先的加密货币交易所之一币安宣布支持即将到来的Optimism（OP）和Arbitrum（ARB）网络升级和硬分叉，以提供最佳用户体验。#ARB， #optimism #BTC #WLD #ORDI
币安宣布支持乐观和仲裁网络升级和硬分叉
乐观（OP）网络升级和硬分叉计划于2024年3月14日03:00左右进行，区块高度为1，710，374，401。

为了促进平稳过渡，币安将从2024年3月13日02:00开始暂时暂停乐观（OP）网络上的代币存款和取款。
同样，Arbitrum（ARB）网络升级和硬分叉计划于2024年3月14日中午12:00进行。

为准备此次活动，币安将于2024年3月14日上午11:00左右暂停Arbitrum（ARB）网络上的代币存款和取款。

需要注意的是，在这些升级和硬分叉期间，Optimism（OP）和Arbitrum（ARB）网络上的代币交易都不会受到影响。
币安向用户保证，它将管理所有技术要求，以确保平稳过渡。
升级完成后，一旦升级后的网络被认为稳定并可运行，币安将重新开放Optimism（OP）和Arbitrum（ARB）网络上的代币存款和取款。

这些网络升级代表着乐观和Arbitrum生态系统向前迈出的重要一步，币安的支持强调了其致力于促进这些技术在加密货币社区内的采用和发展。
*这不是投资建议。