Today’s lunch:

Bitcoin hit a new high for the year today. The reason is actually that the expected probability that ETF will be approved has increased. Yesterday, various institutions began to update their S-1 documents. The purpose is to price ETF fees. Various institutions began to set prices. War, currently according to official information the lowest should be 0.24%. This shows that institutions are working hard to raise funds, and official documents show that BlackRock and Vaneck have injected seed capital into its ETF, which is 10 million and 72.5 million respectively.

Various signs still indicate that the probability of ETF passing should be very high. People have even poured money into it, but I see many friends saying that they will definitely reject it and will not pass. I don’t know what logic these friends are motivated by, whether they simply want to be conspicuous, or whether Lao Liek’s conspiracy theory thinking is too serious. Let me borrow the words of yesterday’s madman to encourage us: An empty cup is the long-term solution for this industry. Only by forgetting the past and adapting to the new era can we have a chance to succeed again.

Let’s talk about COSMOS again. Don’t understand the COSMOS ecosystem as ATOM. ATOM is its native token, but COSMOS is not a single blockchain. It can be understood that it is a blockchain underlying platform. Users only need to use its framework or With its consensus mechanism, you can create your own projects and your own blockchain, and the ecosystem does not specify that native tokens must be used to run it. COSMOS has three sharp blades. If you have one of them, you can basically be said to be a member of the ecosystem. ATOM only serves as node pledge verification and governance.

The first is COSMOS SDK, a modular development tool that can greatly reduce development costs and enable developers to release their products more quickly and easily.

The second is IBC, inter-chain communication technology. This sharp blade connects all projects in the COSMOS ecosystem. It is also the most useful one. It is equivalent to a standard. Cross-chain has always been a headache for the blockchain. COSMOS Effectively solving this problem, of course, is within its own ecological specifications. For example, Apple's mobile phones, tablets, and notebooks can transmit information very easily and efficiently because of the strong support at the bottom of the IOS system. This is IBC the meaning of.

The third is the TENDERMINT consensus mechanism, which is generally a POS mechanism model with some slight optimizations for the purpose of more efficient verification nodes. The efficiency is also better than Ethereum, although it may not be as good as SOL or some L2.

Knowing the above three points, you will know why the COSMOS ecosystem is so powerful. So many of the projects that have skyrocketed in this bull market are centered around the COSMOS ecosystem. It can be said that the popularity has completely surpassed the Ethereum ecosystem. I will list a few. , let’s see if this is the case 1.INJ 2.RUNE 3.TIA 4.SEI 5.OSMO 6.NTRN 7.KUJI

Most of these projects only started to rise at the beginning of this bull market (about October). In just two months, these projects have at least 5 times the income. This shows how popular the COSMOS ecosystem is in this round. The above-mentioned Most of the projects are L1 within the COSMOS ecosystem, and there are also some DEFI projects. Will the speculation continue in the future? I think some L1s, in particular, can wait for bargain hunting opportunities and look forward to the next round of market speculation.

In terms of market conditions, as for the big pie, as mentioned above, we have to wait for the results in the past two days. If it is still expected to increase by 10%+ after passing, then judging from the current price, we may be able to see the beginning of 5 in the short term after passing. of pie. The open interest of the contract has increased again in the past two days. It is difficult to say whether there will be another burst of contracts, but as I said before, it is like an invincible Xiaoqiang. This time it seems to be nothing. It is rare to fight in life. Woolen cloth. For spot prices, everything still comes from your own expectations and holding costs. If you don’t get on the bus or get off in advance, just wait. Objectively speaking, starting from 48,000 to 53,000 is a point where you can gradually reduce your position on the left in the long run. .

Today’s panic and greed index: 76 (greed)