Winter is about to pass; is spring far away?
Since February, the eagerly anticipated altcoin season has not arrived, and the black swan has unexpectedly appeared; the Spring Festival market is gone, and the crypto market has entered a winter!
The Ethereum upgrade we are focused on is gradually being downplayed, and everyone is paying more attention to tax increases and interest rate cuts! This bull market seems to have decoupled from Bitcoin, resembling more of an ETF bull market, with Bitcoin dancing alone!!
It seems we have once again fallen into a night without a foreseeable future.
Here’s a little glimmer of hope for everyone, making us feel the bull market is still here!!
One.
Binance has reached a $2 billion investment agreement with MGX, an AI and frontier technology investment organization based in Abu Dhabi. This marks Binance's first acceptance of institutional investment in its history and is also the largest investment made in cryptocurrency (stablecoin) payment so far. Additionally, this investment is MGX's first entry into the crypto industry. As part of a broader strategy, MGX has also acquired a minority stake in Binance.
According to the MGX official website, MGX Chairman Tahnoon bin Zayed is the Deputy Crown Prince and National Security Advisor of the UAE, and is the son of the first UAE President Sheikh Zayed Bin Sultan Al-Nahyan, and the brother of the current UAE President Mohamed Bin Zayed Al-Nahyan. The 56-year-old Tahnoon bin Zayed controls two sovereign wealth funds with assets totaling up to $1.4 trillion.
BNB may not have gained momentum due to short-term market influences, but I think BNB is worth having; give it a chance, breaking through previous highs shouldn't be a problem!
Two.
The Securities and Exchange Commission (SEC) postponed its decision on multiple spot cryptocurrency ETF applications on Tuesday, including those for XRP, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and APTOS (APT). Bloomberg ETF analyst James Seyffart stated that the SEC is unlikely to approve or reject these applications before Paul Atkins, the SEC chairman nominated by Trump, is confirmed by Congress.
I remember when the Bitcoin ETF application was initially submitted, it was repeatedly rejected, but in the end, it all passed. I believe there will be a moment when it will pass just like Bitcoin, which is worth looking forward to!
Three.
On-chain data shows that the support rate for Solana's SIMD-0228 proposal has reached 35.7%, the opposition rate is 17.2%, and the abstention rate is 1.2%. If the proposal passes, it will be implemented gradually over 50 epochs, aiming to significantly reduce inflation (potentially reducing it by 70%-80%, for example, from 4.5% to a minimum of about 0.87%).
SOL is favored by most people, and many KOLs even believe Solana has the potential to surpass Ethereum!
The potential risk is the selling pressure from unlocking; I remain optimistic in the long term after Trump's four-year term!
Four.
The lawsuit against Ripple by the SEC may soon conclude amidst ongoing negotiations, and it is now in the final stages. It is reported that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125 million fine on the company and included a permanent injunction prohibiting the company from selling XRP to institutional investors.
The SEC has begun to ease its regulation of the crypto market, and the future of the market looks promising.
Although Trump's BTC strategic reserves are not satisfactory, with various states approving strategic reserves, there will always be some states without BTC that will purchase BTC. Moreover, as the U.S. reserves materialize, many countries will also establish BTC reserves, and funds will inevitably flow in. This is a four-year plan and is currently at the initial stage!
So I believe the bull market is still ongoing. As long as we remain in this circle, we should hold onto some hope, but always be aware of risks, make good choices in tokens, and try to avoid buying low market cap and high-risk tokens; instead, choose those with larger market caps!
Manage positions well; don’t allocate too much to altcoins, and avoid having too many different types of tokens!
Finally, I wish everyone can acquire more low-priced tokens during this market wave and achieve greater profits when the prices rise!
