Crypto Squirtle/机灵的杰尼君

The second quarter is about to end, and unexpectedly, the returns for BTC/ETH in the second quarter of 2025 are 29.9% and 34.1% respectively, making it the highest earning quarter in the last five years.

Isn't this a bull market? Why does it feel like there isn't a bull market? Could it be that one is in a bull market and doesn't realize it?

Sigh, it seems I've drawn too many doors; I'm numb to it. 🤡

Jeni learned: BTC ETF had a net inflow of about $220 million yesterday, while ETH ETF had a net outflow of about $26 million.

In the recent market, it is clearly in a stage of actively buying dips; when it rises, it doesn't retrace, and when it falls, you must buy the dip, otherwise you'll miss out when it goes back up.

However, the above only applies to BTC; every time it falls, it rises back up again, it's getting hard to feel anything.

It feels about the same. Some staff members that Genie-kun met around 2017 have basically achieved financial freedom and retired from the circle in the last few years, not to mention the top of Web3.

It is said that in the early days, Binance paid salaries in $BNB, when $BNB was only $20-$30. Anyone who held it through the last bull market saw a 30-fold return.

So, they say, choice is greater than effort. Let's be grateful for this circle. 🥳

Recently, the stablecoin concept Circle has become very popular. Friends outside the circle who only play A-shares have begun to look forward to/fantasize that they can also trade cryptocurrencies in China.

However, I feel that this news is probably fermented by Guotai Junan International's acquisition of a virtual currency license and a 200% increase.

From supporting virtual currency ETFs to issuing virtual currency licenses, HK is still actively embracing virtual currencies. Will A-shares be the next step?

It's a bit tough.

Jeni learned that: BTC ETF had a net inflow of about 540 million USD yesterday, and ETH ETF had a net inflow of about 60 million USD.

BTC has once again returned to around 110K, just a step away from its historical high, while ETH has been a bit weak this time; last time it was just a step away from 3000 points, but ended up falling back to around 2100 points.

The bull market is still dominated by BTC, and its value is still rising.

Are Hong Kong stocks now playing the same game as U.S. stocks?

Guotai Junan International announced that it has obtained a license for virtual asset trading, with an intraday increase of 198%. Although it is just Hong Kong stocks, it is the first for a Chinese-funded brokerage.

When will A-shares also be able to speculate on a wave of virtual asset concepts? It feels like it's coming soon, it just depends on how to break the deadlock.

After 5 years, will Dongda be able to support BTC?🫡

BTC indicates that this up and down movement is very comfortable.

The dominance rate of BTC has reached a nearly four-year high, currently around 65.5%. There are no special techniques, just a simple increase.

Starting dollar-cost averaging into BTC at 100K may not be too late; the best time to dollar-cost average into BTC was ten years ago, and the second best time is now.

Jeni learned: Yesterday, the net inflow of BTC ETF was approximately $580 million, and the net inflow of ETH ETF was about $71 million.

Trump's rhetoric still has some effect. With the conflict in Iraq temporarily coming to a pause, the inflow of ETFs has returned. Now, the bears only have the weekend to launch an attack; once the workweek starts, the ETF inflow resumes, and BTC is once again hovering around the familiar $105K.

This weekend is the last weekend of June, shall we do it again?

A ghost story, the last to imitate @MicroStrategy, SharpLink Gaming (Nasdaq: SBET), which is working on ETH strategic reserves, has just announced an increase of 12,207 $ETH, bringing the total holdings to 188,478 coins.

However, the stock price has dropped from $124 to $10.

What on earth is going on.

A ghost story, the last to imitate @MicroStrategy, SharpLink Gaming (Nasdaq: SBET), which is working on ETH strategic reserves, has just announced an increase of 12,207 $ETH, bringing the total holdings to 188,478 coins. The last acquisition was at an average price of $2,626 for $463 million.

However, the stock price has dropped from $124 to $10.

What... is going on here?

Jeni learned that Nasdaq-listed company Aurora (https://t.co/TMusKxUjDl) announced the launch of a strategic reserve plan for BTC, ETH, SOL, and SUI.

Nasdaq-listed company ATIF Holdings Ltd. (NASDAQ:ZBAl) announced the raising of $100 million to establish a DOGE strategic reserve.

Source: @ShioneKoshimizu

This is just what it is, more and more companies are starting to establish strategic reserves, and in the future, they will trade cryptocurrencies on the US stock market.

This tactic involves Company XX releasing a message announcing XX reserves; regardless of whether they actually have reserves, the stock price will first soar multiple times before anything else.

Jeni learned that the NASDAQ-listed company Aurora (https://t.co/TMusKxUjDl) announced the launch of a strategic reserve plan for BTC, ETH, SOL, and SUI.

NASDAQ-listed ATIF Holdings Ltd. (NASDAQ:ATIF) announced it has raised 100 million dollars to establish a DOGE strategic reserve.

Source: @ShioneKoshimizu

This is what they say, more and more companies are getting into strategic reserves, and in the future, they will be trading coins on the US stock market.

This routine, XX company releases a message announcing an XX reserve, regardless of whether they actually have it or not, the stock price is first pulled up N times and then we'll see.

Jeni learned that the Nasdaq-listed company Aurora (https://t.co/TMusKxUjDl) announced the launch of a strategic reserve plan for BTC, ETH, SOL, and SUI.

The Nasdaq-listed company ATIF Holdings Ltd. (NASDAQ:ATIF) announced it has raised $100 million to establish a DOGE strategic reserve.

Source @ShioneKoshimizu

This, whatever is said comes true, more and more companies are getting into strategic reserves, and in the future, they will trade cryptocurrencies on the US stock market.

This pattern, XX company issues a message announcing an XX reserve, and the stock price first skyrockets several times before anything else.

Jeni learned: CZ's cousin @cz_binance stated that Nano Labs Ltd (NASDAQ: NA) has become a strategic reserve listed company that only holds $BNB, injecting $500 million into BNB.

Nano Labs Ltd's pre-market price surged threefold, currently at $28.8, up 166%.

Why trade other coins? Hurry up and start trading US stocks. The logic of dividend transfer mentioned earlier is still being validated, and more and more projects will be reverse mergers into US stocks/engaging in strategic reserves in the future.

Iran: Thank you to the friends in the crypto community for sending rockets 🚀.

What does your ceasefire, Trump, have to do with me in Iran? Missiles will continue to be launched.

No way, old Trump, can you even talk about a ceasefire now?

However, the crypto market is temporarily immune and has returned to the position it was in before the war in Iran. 🫡

I heard OKX is going for an IPO in the US, just a weak question.

What is OKB useful for now? The market value is still $4.4 billion.

I remember it could be used to offset fees before, but it seems that can't be done now. In the past, it could empower IXO, but mainland users haven't participated in a long time.

However, OKB is highly controlled, it just depends on whether Star @star_okx wants to stir things up.🫡

The United States has confirmed that Iran's nuclear facilities have been completely destroyed, forcing Iran into a corner, and in the end, only Israel will be left suffering.

If there were any pro-American or surrender factions in Iran still holding onto fantasies, they will probably have to go silent, leaving only action to be taken.

Iran: Whoever attacks me, I will attack Israel;
North Korea: Whoever attacks me, I will attack South Korea;

Once the war machine starts moving, it's time to test the digital gold property of BTC. Still hoping for world peace, without war.

Jeni learned: Strategy @MicroStrategy has once again increased its holdings, having purchased 245 bitcoins at an average price of approximately $105,856 each, with a total investment of about $26 million.

In the past, it has always been over $100 million; why has the quantity obviously decreased this time? Could it be that old Micro is unable to buy more?

Not long ago, Mr. Jeni mentioned that the current dividends are slowly migrating from the crypto sphere to the U.S. stock market.

Circle's listing took less than half a month, and its stock price has already multiplied nearly 5 times; the story of stablecoins is still quite popular in the U.S. stock market; then, Brother Sun's Tron also went public through a shell company; now even OKX @okxchinese wants to join the IPO excitement?

According to @Yueqi_Yang's report, OKX returned to the U.S. market in April and is considering an IPO in the U.S. If this goes through, it could spark a new wave of CEX listings. Who will be next? Coinbase is already in, and the U.S. stock market may really become the new crypto sphere.

Speaking of the universe's largest exchange @binance, will it consider an IPO in the U.S.? 🧐@cz_binance @heyibinance

ETH has broken down, BTC is still in a sideways range, and hasn't even broken 100K.

When the cannon fires, the altcoins are gone again; recently, it's best to just play with BTC honestly.

The only hope now is that on Monday there might be a rebound to fill a bit of the ETH CME gap.