Texas Governor Signs HB 4488 Bill to Protect State Bitcoin Reserves as Permanent Fund
Bitcoin
On June 21, Texas Governor Greg Abbott signed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves created outside the state treasury, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025. Governor Greg Abbott has not yet made a decision on Senate Bill 21 (SB21), which would authorize Texas to invest in Bitcoin and other crypto assets with a market value of at least $500 billion. Currently, only Bitcoin meets this threshold.
It is reported that Greg Abbott must sign or veto SB21 by June 22, as the bill was submitted to him on June 1. Since the bill was submitted as the legislative session was nearing its end, Texas law requires him to take action within 20 days after the adjournment.
Today's spot password is provided again $btc waiting for 97300—95000 to enter the factory and fully invest at the bottom At 11000, withdraw the principal profit and take 14—15 dollars to clear out and leave
$eth 2250_2230 Enter fully at 2190 three positions, withdraw at 2720 and take profit at 3200
Binance version upgrade, updated the emergency contact and inheritance heir functions, truly thoughtful. Every year, over one billion dollars in cryptocurrency assets are inherited by centralized exchanges due to unexpected deaths worldwide. Recently, Binance unexpectedly introduced the emergency contact feature and will have the right to choose to submit inheritance applications #btc #eth
The three major peaks of Bitcoin have formed. This month, it will drop to 99500, 98800, then rebound to 1032000—103500, and then continue to drop deeply to 97300, 96800, and then continue to rebound to 100000. Next month, it will drop to 95000—948000 and then continue to have a partial major reversal. Watch for opportunities.
ETH will first drop to 2330 this month, then rebound to 2430_2450, and then continue to drop deeply to the position of 2250, 2230.
Looking forward to spot trading, do your own limit orders to buy at the bottom.
SOL will buy at the bottom between 1350—128, then take it to 160 to secure profits and continue to hold.
The password has been placed here. Please take it without thanks.
Today, Twitter has banned a batch of accounts related to cryptocurrency, and the reasons for the bans vary widely. The accounts that have been banned include: ELIZA Official Account @ElizaOS ELIZA Founder @shawmakesmagic GMGN Founder @haze0x GMGN Official Account @gmgnai Shapolang @Wolfy_XBT Wizard @0cryptowizard Wang Xiaoer @brc20niubi DNF @Ga__ke
Don't guess too much. Those who look at the news are just playing catch-up. I mentioned on Twitter on May 19 that #btc could reach 97000 or 95000! #Sol to 135-128 #eth to 2260-2200. Once it reaches, go all in and don't thank me. Is it just playing catch-up? Let's wait and see?
Non-farm payrolls and CPI are favorable, yet BTC is falling instead of rising. Coinbase and major exchanges are frantically selling off, aka insider address is shorting 5 million USD. Is Musk about to take action against crypto?
Non-farm payrolls and CPI are favorable, yet BTC is falling instead of rising. Coinbase and major exchanges are frantically selling off, aka insider address is shorting 5 million USD. Is Musk about to take action against crypto? CPI data is excellent, pushing interest rate cut expectations higher. US stocks and commodities are rising. It is worth noting that during this period, ETH institutions announced unlocking and reducing holdings, promoting discussions about GMGN and other DEX content and bloggers, which faced a complete ban. The market is also experiencing frequent anomalies, indicating a sharp decrease in long positions on major exchanges. Previous occurrences of this situation corresponded to the major ETF liquidation in March 2024 and the Christmas crash on December 25. Currently, long positions are rapidly declining to low points. Moreover, a while ago, the aka known for doing counter trades with Jams in HY was called an insider address. Every time there was action from the Chuanpu, it would quickly open high-leverage long and short positions worth tens of millions, and often win. This month, this address has repeatedly made losing shorts, and this morning continued to short 5 million USD, causing market panic. There are rumors online that Musk wants to conduct a major cleanup in crypto to clear obstacles for his crypto journey. It is said that X will integrate stablecoin wallets, which explains why top DEX bloggers were banned by X two days ago. Yang mentioned last time that June will see a dual impact from the Federal Reserve meeting and the maturity of US debt, with liquidity being drained. Pay attention to market fluctuations and wait for bottom-fishing opportunities. Yang has opened the comment section, friends can leave messages to discuss.
The US SEC is accelerating the approval process for the Solana spot ETF and has requested several issuers, including Grayscale and VanEck, to submit revised S-1 documents within a week. A key focus of this review is the regulatory agency's unprecedented openness to incorporating SOL staking yields into the ETF structure. The market expects that we may witness this milestone approval as early as July. #Solana #ETF Meanwhile, Bitwise's 'Bitcoin and Ethereum Hybrid ETF' has also officially entered the SEC's review agenda. This product aims to provide investors with a market-cap-weighted exposure to Bitcoin and Ethereum through a single investment tool, achieving a one-click core asset allocation and risk diversification. #BTC
Today again provides spot password for points $btc wait for 97300—95000 to enter full warehouse for bottom fishing At 11000 take back the profit to cash out at 14—15 dollars and leave
$eth 2250_2230 Enter full warehouse at 2190 three positions, take to 2820—2930
On May 28, I indicated on Twitter that the hourly line had already broken and a deep correction would follow. Those who understood have already cleared their spot positions.
On May 19, I tweeted that Bitcoin would drop to 97,300 and 95,000, which must happen. Once it reached that point, just buy in batches. Continue to hold, and take the profit from breaking the high, with profits reaching 140,000 to 150,000 dollars.
Bitcoin is expected to reach important support at 99700—99500 in the near term. Solana is also expected to support at 155—157 and then rebound to around 165. For ETH, first look at 2380 support, with a rebound to 2450. The levels are for reference only.
Last time at 50000—53000 was called bottom fishing, initiated a flag pattern to remind everyone. It was said it could reach between 83000—92000, and the highest reached 109000. The second tweet was on March 11, saying that at 72000—762000 two positions could be fully loaded, the price at that time was 83400. Then on April 11 it dropped to 74500. At that time, it was said that it would break through the high point, and the current price is at 104900. --------------------------------------- Breaking through the high point is inevitable, expecting two rate cuts in the second half of the year, projected to reach between 130000 to 150000. ------------------------------------------
Regardless, before October-November, do not be greedy, clear out all altcoins.
A truly worthwhile opportunity to go all in on Bitcoin appears once every 1410 days. There have been three instances of monthly overselling in Bitcoin's history: 1. 2015: 152 2. 2019: 3,670 3. 2022: 18,183 The intervals between the two overselling instances were 1520 days and 1300 days, following this pattern, the next occurrence is likely between September 2026 and January 2027. #BTC走势分析
Bitcoin went from from $5k to $64k to $34k to $69k to $15k to $1099,00 Many people bought high and sold low. Bitcoin is the best long term savings technology, but many people fail by letting their emotions take over. Bitcoin mining removes the emotions. 比特币从 5 美元到 64 美元到 34 美元到 69 美元到 15 美元到 109900 美元。 许多人高买低卖。 比特币是最好的长期储蓄技术,但许多人因为让情绪占据了主导地位而失败了。
#trump #doge $btc $eth #ETF $XRP $SOL $IBIT $trx #BUIDL $usdtU In the city ranking of purchasing cryptocurrency, my great Hong Kong is ranked 7th, London is ranked first, and Dubai expresses dissatisfaction. From the atmosphere of Web3, Dubai should be ranked first. In the city ranking of purchasing cryptocurrency, my great Hong Kong is ranked 7th, London is ranked first, and Dubai expresses dissatisfaction. From the atmosphere of Web3, Dubai should be ranked first.