SEC Ends Gemini & Uniswap & Consensys & OpenSea & Robinhood & Justin Sun Investigations
Basically every single lawsuit issued by the SEC's strategy of regulation by enforcement is being rolled back. Obviously we'd like to see Justin Sun get dragged under the bus more but it is what it is. Even though I don't agree with it: there's still a reason why everyone is saying this is "crime season". The false notion that somehow a punishment coming down the pipe years later is going to somehow deter criminals in this industry isn't really a theory that meshes with reality, but go nuts King.
Blackrock adds iBit ETF to index funds
These ETF providers are slowly and surely increasing their own exposure to Bitcoin in addition to their clients. Just recently Blackrock added like 1% or 2% to some such more aggressive fund.
The world's largest asset manager is adding a 1% to 2% IBIT share to its target allotment for Target Allocation with Alternatives and the Target Allocation with Alternatives Tax-Aware portfolios, which are aimed at investors with higher risk tolerance.
Expect this to be a running theme.
Bitcoin will continue to outperform and they'll just keep adding it to more and more things. I wonder if adding Bitcoin to the more risk-averse funds will be some kind of top signal. I guess we'll find out.
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Maximalists all collectively losing their shit.
Trump announced that the crypto strategic reserve would include all the worst tokens. Literally the worst in my opinion. XRP and ADA are by far my least favorite assets. SOL is also quite bad but I'm slowly warming up to it and own 2 SOL from when I was trading MOODENG memecoin as a joke. Still, all of these projects are centralized dogshit in my humble opinion and USA should just stick to Bitcoin (for now).
It's funny that the maximalists and I agree on this: there's no excuse for the strategic reserve to include anything other than BTC. Unless of course they are going to manipulate the markets and insider trade that manipulation. Yesterday a mystery whale went x50 long with like $100M right before that huge pump and announcement. Kinda seems like crime season really is a thing, amirite? Business as usual to be honest.
LINK shilling?
Randomly saw this on my timeline an hour ago. LINK is the only asset that is in the Coinbase index, made in USA, purchased by Trump, and in the Grayscale trust. Of course I think the point of this Tweet was supposed to be to look at assets in the "made in USA" category but it does look quite good for LINK. Personally I don't know how to feel about CHAINLINK because their oracle system is a little dubious and built on a house of cards a bit, but I do like seeing 2018 ICO coins catching a bid. It's a good reminder that not everything we create around here is complete bullshit.
https://www.dailystar.co.uk/news/us-news/streamer-amouranth-covered-blood-after-34784758
https://www.the-sun.com/news/13670521/amouranth-twitter-twitch-streamer-home-robbery/
'NOT A PRANK' Twitch streamer Amouranth posts plea for help during terrifying ‘home invasion’ that left her ‘covered in blood’
Softsore sexworker, cosplayer, and Twitch streamer Amouranth was allegedly the victim of a home invasion in which the perpetrators demand she hand over her $20M in Bitcoin she was flaunting on stream. Instead of unlocking her wallet on her phone she apparently was begging for help on social media... which is wild to me that an attacker wouldn't be watching what she was doing.
She claims to have been pistol whipped in the head and was "covered in blood" but "not all the blood was her own" and claimed to have shot one of the attackers, which is also a pretty wild claim.
The video shows 3 masked attackers following Amouranth who is trying to get inside the house as quickly as possible; presumably to arm herself. She claims to have been pistol whipped and beaten before this. It's unclear when she would of had the chance to open her phone and Tweet shit considering how fast all of this seemed to go down. Could be a stunt but something like this would be hard to fake for long.
She also makes weird claims like she was "dragged out of bed" but also that the attackers drove in behind her as she was coming home through her gate. All around a pretty weird story I expect to have it debunked or confirmed in short order.
Of course many are lining up to blame the victim because she posted her wallet publicly. In fact when I pointed out we shouldn't blame the victim I was called a cuck by some random incel as if I wouldn't have said the exact same thing about a man. Shows you how much hate goes out to sex workers (no surprises there).
Point here being that everyone is a target and the people saying we should have better security don't have very good security themselves. The answer here isn't to hide who owns what it should be flooding the entire ecosystem with misinformation so that criminals don't know what's real. It also helps that almost every time this happens the criminals don't seem to get away with it... in this case one of them was even shot by the victim allegedly.
Bitcoin itself finds itself firmly still in the downtrend even after the biggest daily candle we've seen since the November rally skyrocketed us into the $100k zone. Personally I believe we probably did not spend enough time in the liquidity gap to truly fill it and sort of expect a return to $77k. That being said if we get $77k I'm going to be very confident with long bidding aggressively. There's also the chance that we are in such an easy-mode position that this was all just a total psychout and we move above $100k in short order. I have no active bets open at the moment.
The next full moon on March 14th is also a blood moon eclipse so if we happened to be blessed with a dump on that day I will consider it free money. I've made a lot of money trading on favorable moon cycles so I'll keep you guys clued in if I think it gives us a good entry.
Conclusion
A lot of crazy stuff has been going down in crypto land.
HODL on for dear life, methinks.
I've always been a fan of ADA even though a lot of people don't like it. I am not sad to see that one included in the list. The LINK community has always been a bit crazy and hard core about what they believe in and shilling their coin. They make BTC maxies look pretty tame to be honest.
I honestly don't know enough about ADA to hate on the tech, but I do hate Hodkinson and everything he stands for which has been good enough for me over the last 8 years.
I honestly don't know anything about him, but if you don't like him there is a good chance I probably won't either. I have some other investments that are ADA adjacent, so I just figured I should start picking some up.
If you look into why Charles left Ethereum you'll find that it's because he wanted the chain to be centralized and lick the regulator's boots. He wants Cardano to be a corporate money-making vehicle above all else.
Most of the things he does are tainted by a complete lack of understanding of what decentralization is supposed to be. In fact fact I just saw him defending XRP being listed as a "strategic reserve" asset next to ADA. Tells you all you need to know right there. Guy does not care about permissionless tech he cares about making money in the grossest way possible.
I have a friend who since 2020 felt link was the coin to change his life forever. But it's been so many years to be honest. I think link time has passed. It once had loyalists, I doubt that now.
Trump is talking about other meme coins he hasnt said nothing about his yet that got people bankrupt and some filty rich at the same time. am just wondering if its the end of trump coin seeing the price going down each day on my binance homepage. by the way just a clarification so every moon cycles does crypto skyrocket or fall ??
No.
Sometimes it does something and sometimes it doesn't.
Sometimes when it does something it's obvious and I can make a bet on it.
And sometimes it's not obvious at all.
The moon cycle is one small indicator that I use for my trading strategy.
Without the other indicators it is largely worthless most of the time.
hmmmm thats a really good jump,
AH HUM.. Trump and the boys, they will just continue to scam away..
👊😉🤙
So so much is happening right now. SEC rolling back cases, Trump picking the worst tokens and whales making shady moves 🤦 another day in the casino. That Amouranth story is insane too. Definitely crime season, indeed
I wouldn't be surprised if Litecoin and DOGE end up in the strategic reserve.
To me XRP and ADA being in there doesn't makes tons of sense especially XRP but I'm like whatever and ultimately I'm happy about SOL being in there but understand why some people would have an argument against it.
As much as there are deficiencies with ETH I can see why it would be in there.
That is an insane token landscape that exists in crypto
It is important to continue holding as it will be fruitful later on