加密小伍哥

What everyone is seeing now is definitely the biggest news of the day, the U.S. Senate has passed the GENIUS Act. Some newcomers may not understand what this is about, so to put it simply, it aims to establish regulations for stablecoins and issue 'IDs' for them.

To be more specific, stablecoins like USDT and USDC that we often use may become more legal and secure, allowing for safer usage, with banks, companies, and even governments possibly starting to adopt them. This is a huge positive for the entire crypto space!

However, not everyone can celebrate because if you want to issue your own stablecoin, it won't be that easy anymore; the barriers will be much higher. Moreover, non-compliant projects may face elimination. Those smaller coins that survive by skirting regulations might cool off even faster.

The passage of the GENIUS Act means the crypto space is about to undergo a reshuffle; the era of reckless growth is coming to an end, and the era of compliance is beginning.

This is an opportunity for 'regular forces' to enter, but it is also a signal for retail investors to be more cautious. Don't be overly excited or panic; just recognize the trend. Those who want to engage in crypto now need to think more and fantasize less.

Compliance is the real big wave opportunity.

#Stablecoins #Cryptocurrency #GENIUSAct

These days, the market is a bit strange. On one side, Bitcoin is soaring and is about to reach new highs; on the other side, altcoins seem to be a bit sluggish.

According to the "Altcoin Season Index", it has recently turned downwards, dropping from a previous rebound of 43 to now 24.

This means that currently it is the rhythm of "Bitcoin as the father, altcoins as the grandchildren". When this index is high, it indicates that altcoins are outperforming Bitcoin; when it is low, it means that money is flowing back into Bitcoin.

In December last year, this index peaked at 87, and it was quite lively, with various altcoins soaring; but now, back to reality, retail investors are becoming cautious.

However, not all altcoins are underperforming. In the past 90 days, among the top 100 projects by market capitalization, there are still 24 coins that have risen more than BTC, such as #FARTCOIN, #FORM, #IP, #VIRTUAL, #BRETT……
These coins may not be familiar to you, but what does it indicate? The market is differentiating, with some coins quietly taking off while others are playing dead.

So don't assume that just because BTC is rising, altcoins can also surge randomly; the market is currently dominated by BTC. Altcoins need to see if "themes + popularity + funds" are keeping up; blindly going all in can easily lead to being trapped. Wait for the altcoin index to rise again, for example, to above 50, which may signal the "real start of altcoin season".

In the current stage, either position yourself with strong logical new coins (like those in AI, L2, GameFi categories), or just watch BTC perform, and don't make reckless moves. Avoid impulsiveness and random rushes. Choosing altcoins requires careful selection, and lying low to wait for opportunities is also one of the strategies.

When the "altcoin spring" truly arrives, you might be able to make money just by closing your eyes and buying. Right now, though, it's important to stay vigilant.

🌸【May's First Fortune】🌸

Good luck fills the warehouse, worries are all cleared out.

Stable direction by day, sleep soundly by night;
Wallet never bottoming out, profits on the rise.

In the crypto world, no all-in bets, no blindly picking scams;
Mainstream is the truth, air flows around.

Likes bring good luck, comments avoid bad luck clouds!
Follow to stay on track, May is all good!

ETF expert Nate Geraci stated that BlackRock, this super major player, saw $970 million flow into its Bitcoin ETF ($IBIT) in just one day! This is their second-largest "buy-buy-buy" record since the ETF went live, completely lighting up the signal.

Don’t be fooled by our daily cries of "it's fallen hard" and "it's a bear market"; while you think everyone is running away, the big institutions are quietly bottom-fishing. This isn't small change—$970 million is real money coming in, indicating that they are not pessimistic about Bitcoin at all, and may even think it’s cheap right now.

Moreover, Wall Street is not known for charity; this scale of buying is sending a signal to the market: "I’m bullish on this thing, and I plan to keep going."

Just think about it, even BlackRock is entering the market, so naturally, the market sentiment is slowly warming up. Especially for those on the sidelines, seeing this wave might just make them unable to resist. While this kind of capital doesn't immediately push prices up, there is definitely support below. $BTC stands firm, and altcoins are likely to follow suit; once the market is active, the excitement will return.

So, when others are shouting to exit, the wealthy are already secretly positioning themselves. While you are still hesitating about getting in, they have already driven off with a truckload of $BTC.

This $970 million is not just about buying coins; it’s also a reassuring boost for the market. No matter how you look at it, this wave is definitely a positive for the entire crypto space!

#BlackRock #BTC #Altcoin

Bitcoin (BTC) falling below $54,000 may have sparked a lot of discussion about the direction of the market. To determine whether this marks the beginning of a bear market or a pullback before a rate cut, there are several factors to consider:
1. **Market Sentiment and Technicals**:
- **Technical Analysis**: Bitcoin price falling below key support levels (such as $54,000) usually triggers technical selling, which may lead to further declines or sideways trading. If there is no rapid rebound after breaking the support level, it may indicate the risk of a bear market in the short term.
- **Market Sentiment**: The current market sentiment is extremely important. If the market is generally pessimistic about Bitcoin, it may increase selling pressure.
2. **Macroeconomic Factors**:
- **Expectations of interest rate cuts**: If the market generally expects interest rate cuts, it may have a short-term positive impact on risky assets such as Bitcoin. Interest rate cuts usually help reduce the cost of funds and increase asset prices. However, market expectations of interest rate cuts often lead to price pullbacks before actual interest rate cuts.
- **Economic Data and Policies**: In addition to interest rate cuts, other macroeconomic data such as inflation rates and employment data will also affect market sentiment and Bitcoin prices.
3. **Long-term trend**:
- **Long-term trend of Bitcoin**: If the fundamentals and technicals of Bitcoin remain strong in the long run, short-term price fluctuations may not change the long-term upward trend. Investors need to pay attention to Bitcoin's technological innovation, market demand, and the participation of mainstream financial institutions.
4. **Market news and events**:
- **Policy changes**: The policies of governments and regulators have an important impact on the Bitcoin market. Any major policy statements or regulatory changes on cryptocurrencies may have a significant impact on the market.
- **Market news**: Major news events, such as corporate adoption of Bitcoin, market scandals, etc., will also have an impact on Bitcoin prices.
In summary, the drop in Bitcoin prices below $54,000 may be due to both technical factors and macroeconomic factors. Investors should combine market sentiment, macroeconomic data, and Bitcoin's fundamentals to determine whether the current market environment is the beginning of a bear market or a short-term correction. In this case, it is key to keep an eye on market dynamics and make reasonable risk management decisions.

Venezuelan opposition leader María Corina Machado recently proposed a bold economic reform proposal, suggesting that Bitcoin be used as a national reserve asset. This proposal has attracted widespread attention and discussion on the X platform (formerly Twitter). Machado believes that Bitcoin's decentralized nature and relative stability can help Venezuela alleviate the pressure of the current economic crisis and provide a new reserve asset option to enhance the country's financial stability.
In her proposal, Machado elaborated on the potential advantages of Bitcoin as a reserve asset, including its global liquidity, its relative independence from the traditional financial system, and its ability to resist inflation. She pointed out that Venezuela has long faced severe inflation and economic difficulties, and Bitcoin may become an effective hedging tool to help the country get out of its economic difficulties.
However, this proposal has also caused a lot of controversy and doubts. Supporters believe that adopting Bitcoin as a reserve asset may bring new opportunities and help the country get rid of the limitations of traditional currencies. Opponents worry that Bitcoin's price volatility is too large, which may bring more uncertainty and risks.
The specific implementation details of this proposal have not yet been clarified, and future policy trends and market reactions will determine whether it can become a reality. Regardless, the proposal undoubtedly provides a new perspective on Venezuela’s economic recovery and could fuel further discussion on the role of digital currencies in national economic management.

Yesterday (September 4, EST), the Ethereum spot ETF experienced significant net outflows, totaling $37.5078 million. This data indicates that investors have increased demand for Ethereum’s liquidity or are cautious about its future performance. In particular, the performance of Grayscale Ethereum Trust ETF ETHE is eye-catching, with a single-day net outflow of up to US$40.6275 million, and the cumulative historical net outflow has reached US$2.654 billion. This continued net outflow may reflect declining market confidence in Grayscale Ethereum Trust, or a change in investor preference for other Ethereum investment vehicles.

In contrast, the Grayscale Ethereum Mini Trust ETF ETH achieved a single-day net inflow of $3.1197 million yesterday. Although this inflow is much smaller compared to the mainstream trust ETF ETHE, the total historical net inflow of the Grayscale Ethereum Mini Trust has reached $242 million. This shows that despite the uncertainty in the market, some investors are still bullish on Ethereum and choose to invest through mini trusts.

As of press time, the total net asset value of the Ethereum spot ETF is $6.728 billion, and the ETF net asset ratio (i.e., the ratio of the market value of the Ethereum spot ETF to the total market value of Ethereum) reaches 2.28%. Despite the larger size of the spot ETF, its historical cumulative net outflows have reached $562 million. This phenomenon may signal changes in market demand for Ethereum spot ETFs, as well as investor uncertainty about its future performance.

Overall, the capital flows of Ethereum investment vehicles reflect the market’s mixed sentiment towards Ethereum and its related investment products. Investor outflows and inflows are not only affected by market sentiment and macroeconomic factors, but may also be driven by multiple factors such as technological development, regulatory policies, and market competition. These dynamics will undoubtedly continue to impact the market performance of Ethereum and its investment products.