Gugu

BN Spot soon

Bitcoin breaks $100,000 for first time ever

$BTC has reached a new high of $81,000, $SOL has a market value of more than 100 billion, and $SUI has a market value of 10 billion and can soar to $3 in just 2 weeks

Next, there are various memes on the chain. After being listed on Binance, the performance will be 10 times more critical. From the beginning of this year to now, Portfolio has not grown yet and needs to review and start taking action.

The BTC ecology is at a new high, with TVL and various data reaching new highs. Assets such as ORD I and runes also have the opportunity to absorb this overwhelming liquidity.

BTC Layer2, LST, Stablecoin….

The market is still very quiet, and it hasn’t really reached the FOMO stage yet. Now it’s IQ50 or IQ150 operations, go ahead, brothers.

< SEC officially approves BTC spot ETF >

SEC official document officially approved 11 Bitcoin spot ETFs including Bitwise, Grayscale, Hashdex, BlackRock, Valkyrie, BZX, Invesco, VanEck, WisdomTree, Fidelity and Franklin

Some ETFs are expected to begin trading on Thursday on the Chicago Board Options Exchange ( BZX ), with Bloomberg forecasting $4 billion in first-day inflows

It is a given that BTC has entered the mainstream, and the market expects that the next one that is most likely to be a spot ETF is $ETH.

$ETH ecology and Layer2 concept $OP $ARB both hit new highs

SECGov tweeted that it was about to pass, and Gary also said that it was an uncertified news release, and that the Bitcoin spot ETF has not yet passed and has not been listed on the first level of the task.

The tweet was also deleted. What happened? Has the SEC Twitter account been hacked?

SEC publishes article once again reminding investors of the risks of investing in cryptocurrencies

There is a paragraph in the article that says "If you suffer a loss on your investment, even if it is fraud, the SEC and other regulators will not be able to recover your investment."

Gary reposted the article on Twitter today, once again warning of the risks

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After so many warnings, it feels a bit strange again.

It won’t be the lottery time, so let’s give everyone a big turn...

< BTC spot ETF passed, where are the opportunities >

・BTC spot ETF attracts market attention

・BTC’s new ecological targets include $ORDI $1000SATS $ATOMARC

・New cycles, new narratives, and new assets are worth betting on

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🔹 Ethereum may usher in the Dencun Cancun upgrade in the first quarter

・The next cryptocurrency that has a chance of being included in an ETF? $ETH

・Ethereum will implement the Dencun Cancun upgrade on three test networks on 1/17, 1/30, and 2/7 for testing

・Dencun Cancun upgrade, focusing on the implementation of EIP4844 Proto-Danksharding, increasing the upper limit of data submitted by Layer2 to the main network, and reducing handling fees

・Introducing the Blob data structure, iterating on the past reliance on Calldata, while improving the Data availability of the main network

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🔹 Can Layer2 usher in a new round of highlight moments?

・Layer2 concept leaders such as $ARB $OP will attract market attention

・Arbiturm’s derivatives ecosystem is particularly rich, with a TVL of 2 billion US dollars, 400+ protocols included on DeFi Llama, and its GameFi leader $MAGIC has also released several popular products

・However, what everyone criticizes is that these two public chains use large-scale currency policies to support their own ecology. The token performance in the past 6 months has even underperformed new assets by a large margin.

・It’s not wrong to be optimistic about the future development of Ethereum, the market’s expectations for upgrades, and the layout of ReStaking, Layer2 and other narratives.

"Market Interpretation: Bitcoin Spot ETF Has a High Probability of Passing"

・SEC Chairman Gary Gensler tweeted about the risks of investing in cryptocurrency

・The market has interpreted this, and the Bitcoin spot ETF is likely to pass this week

・BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie have all filed revised S-1 forms → considered the final step before Bitcoin spot ETF approval

・Bitcoin hit a new high in the short term, breaking through $47,000 USD

・The trading volume of call options (Call) expiring on 1/12 on the Deribit platform reached 165 million US dollars, and the trading volume of put options (Put) reached US$157.7 million

・The increase in options trading volume may also be due to large funds betting on volatility, which does not necessarily explain the strong differences between long and short.

・All news media and KOLs are shouting Sell The News, which makes people feel very weird. After the expectations are realized, real big money will enter the market.

・2024.04 Is there still an expectation of halving?

< Airdrop opportunity for staking $TIA - by @CosmosTic >

・Celestia is positioned as the best DA layer (data availability) under modular blockchain

・Take Arbitrum Orbit as an example. Orbit's sequencer can release the latest Layer2 data into Celestia's blocks, saving 90% compared to directly releasing it to Ethereum.

・Controversy: However, Ethereum’s orthodox Layer2 Arbitrum and Optimisim will not hand over data verification to non-Ethereum chains; the Ethereum Foundation and L2BEAT have clearly clarified that expansion projects that do not use Ethereum for the DA layer are not Ethereum Layer2

・So: Celestia may attract secondary Ethereum Layer 2, or the liquidity of other public chains

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・@movementlabsxyz - A modular blockchain built for the Move system public chain, the official notice will be airdropped to Cosmos ecosystem stakers

・@Sagaxyz__ - Customize and quickly deploy new blockchains such as Rollup and Layer2, simplifying the development of new chains and maintaining elastic expansion requirements, making developing blockchains as easy as deploying smart contracts

・@MantaNetwork - Modular zk Layer2, using Celestia but not sure about the degree of introduction → The article mentioned multiple projects in the ecosystem, which may be airdropped to $TIA stakers

・@EclipseFND - Gas settlement on Ethereum, parallel processing of Solana VM, using Celestia as DA to achieve scalability → Speculation on airdrops to users on Ethereum, Solana, and Celestia

・@dymension - A modular blockchain built for a specific field and a single RollApp, Cosmos does data settlement, and Celestia data availability is extended → The understanding is that a chain similar to Cosmos Layer2 is developed through Celestia

・@Hyperlane_xyz - A data interoperability layer built specifically for modular blockchains. It is understood to be similar to the underlying cross-chain communication required by Layer0 to realize on-chain data and contract calls between different chains and ecosystems.

➀ 2023.3.10 | SVB Bank ceased operations

The California Department of Financial Protection and Innovation (DFPI) announced the closure of SVB Bank, judging the bank to be insolvent and facing a liquidity crisis, with the Federal Depository Insurance Corporation (FDIC) as the bankruptcy administrator

➁ 2023.3.10 | 8:40 USDC begins to unanchor

Circle previously stated that Silicon Valley Bank is one of six banks it partners with and is responsible for managing 25% of its cash reserves.

➂ 2023.3.10 | 11:20 USDC depegged to 0.93 USDT

Circle tweets $3.3 billion of $40 billion in reserves are held at SVB Bank, calls for keeping running

Excerpt from Teacher Chen Kai's "Think and Act Like a Securities Trader"

This is the second half of Chapter 1 <Understanding the Market>, focusing on #研究對手盤

"Game Thinking in Trading: Studying Opponents"

🔹Participating in the market means participating in the game. You need to know whose money you are making and why you are making money.

Case: A-share day traders make money from retail and floating funds bought that day; short-term traders make money from medium and long-term investments and don’t care about short-term fluctuations.

🔹The difference is the price/performance ratio

Some people objected but could not convince me, so they turned around and increased investment because this was an opportunity that the market had not discovered yet.

🔹 Studying the opponent's market is meaningful, but following the banker, washing the market, and collecting funds are outdated.

The market is more or less manipulated. You should not follow it, but ignore it.

Excerpt from Teacher Chen Kai's "Think and Act Like a Securities Trader"

Even though the content was written 4 years ago, it is still worth recalling. I admire how the psychological game of trading can be explained so clearly.

【Understanding the Market Part1】

🔹 The formation of market prices is the result of the game of buying and selling power

🔹 Expectations are more important than facts

It is not just fundamental facts that affect the market, but also the emotions and imagination of the participants.

🔹Buy expectations, sell facts

All the negatives are good, and the realization of the good is bad. The best trading opportunities appear when the market sentiment turns.

🔹Buy expectations, sell facts

The next note to share is the second half of understanding the market "Game Thinking in Trading: Studying the Opponent's Market"

"Old man, have you made any money recently?"

"Being short on your own business"

Well, be careful and start investing in the long term

< Similar scams in financial history >

Many people compared the FTX bankruptcy to the Enron scam that broke out in 2001.

I was just listening to the <Acquired> Podcast, which was explaining the Anlong case in the form of stories. He said that there are many similarities with FTX, such as industrial giants, complex financial structures, and changes in auditing principles.

As FTX's audit company, Armanino's reserve certification system is being questioned; Andersen, the fifth largest accounting firm responsible for the company's audit in the Anlong case, also collapsed after the scandal broke out

2001 Anlong case scam, 2015 Theranos bloodshed, 2020 Luckin financial fraud, 2022 FTX bankruptcy

Although history does not repeat itself, it is always strikingly similar.

Genesis is the top stream of all CeFi earnings. The run panic caused by the bankruptcy of FTX is not over yet. After Genesis suspended withdrawals, first Circle Yield dropped to 0 and Gemini Earn stopped withdrawing.

As a lender to many institutions at the same time, it is necessary to collect funds from borrowers in order to face a run. However, when the market is so bad, no one can come up with the money to repay.

The turmoil is far from over. Recently, another exchange that originally stopped withdrawals and is actively seeking financing to survive the crisis, internal information leaked out today that it was "definitely closed down."

Hey...another medal for participating in history

<Three things that will make you lose the most money in 2022>

In the past bull market, it was too easy to make money. This year, you will lose money no matter how you play.

It is a recognition of my super lack of knowledge. Listing these fancy ways to lose money is also a reminder to my future self.

🔹 10 times short position liquidation during APE airdrop

🔹 Staking and providing liquidity everywhere in the LUNA ecosystem

🔹 For the convenience of sub-accounts, put yourself and your managed assets on FTX

Sharing experience of losing money, leeks are not alone

<Reflection on FTX Bankruptcy>

There are very few people involved in the currency circle who have escaped this storm completely unscathed. Reflecting on it afterwards, I have to be proactive when there are rumors. Taking no action at all is an option with very low expectations.

What’s more, I didn’t expect that I would not be able to get back any exchange assets except FTX. This wave still hurt me quite badly.

1. No one deserves your complete trust

2. The impact of a genius’s screw-up is even more terrifying.

3. Please don’t be dismissive or lazy when there are rumors.

I always think of myself as an old leek. I have never seen big storms and waves, and if I don’t follow them, I will end up panicking...

I've suffered several setbacks this year, all of which were disasters far beyond expectations.