Libre Blockchain


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Blockchain + Libre
librehash.org
twitter.com/librehash
@librecharts
@librechain
@libredarkweb
@librecryptography
@libresec
@librehashdiscussion
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Фильтр публикаций


Solana discount is absurd. Just saw it flash


Whole Market on Discount

Don’t want to dig too deep into geopolitics here but it wasn’t unexpected that Iran was going to launch an attack on Israel. This was something that was deliberated heavily within Iran over the last two weeks or so.

They don’t want a war with Israel anymore than Israel wants war with Iran. But a few of their major generals got killed in Israel’s surprise attack in Syria. The powers that be within Iran felt a counter attack to avenge those deaths was necessary to appease the people. They didn’t want to get cucked in front of the world.

Ethereum being below $3k is ridiculous. Doge falling below $0.14 is also ridiculous. Bitcoin falling below $62k is ridiculous. You got a lot of new players in the market, so expect a lot of weak hands to accompany that. The fact the price hasn’t fallen through the floor of the market tells you it’s only weak hands.


Sorry that link didn’t work! Check out this one instead: https://t.me/+IqUTJ3GnTCdhODQx

What to Expect Once You Get There


This has a breakdown of basically all of the resources that are related to this project. So all of the code repositories that were used, the papers that were read, many of the notes that were taken, architectural decisions, inclusion of many of the tools & pipelines that were necessary for this as well as screenshots, proof of concepts, model responses, some training scripts (remainder of those can be found on GitHub or Notion).

This entire project is about a stone’s throw away from being ready for an IDO to dispense tokens to the general public. I want this to hit a market cap of $50-100M+. I think that it’s more than possible to be honest - especially considering the way that the markets look right now.


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Opening Up Foobar Protocol Telegram

More people need to get in here because the project is going to be launching soon.

AI-based as announced before. Grassroots. We're about to run it all the way the fuck up. Already been covered in CoinTelegraph - maybe CoinDesk is coming up next. I'm the dev + I'm doxxed + in WSJ and other publications. Legitimate. Built from scratch and the documentation is ridiculous.

Here is the invite link to see some initial information (actual TG group coming soon) - https://t.me/+IqUTJ3GnTCdhODQxfh


Keep in Mind How Much Bitcoin Has Been Purchased

Institutions have been gobbling up Bitcoin at record rates due to the recent ETF acceptance by the SEC. So you can rest assured that when there is a blow-off top shit is going to get ugly. This is nothing even remotely close to ugly. Most people are likely still in profit unless they bought Bitcoin in the last week or two.

The other good thing we got going here is that the market is reaching true price discovery because there's no longer a bunch of Bitcoin trapped in GBTC like there was in the last bull run and there are also plenty of mechanisms available for shorting Bitcoin (as there were in the bull cycle before that). So there's nothing prohibiting or enabling the price to reach unnatural levels.

Avoid Unnecessary Gambles

Don't chase a 10-20x gain because you'll end up losing everything doing so. Matic looks good. So does Solana (obviously), Bitcoin, Ethereum (especially & that ecosystem) among others. Really no reason to venture to much further outside of the T100 if you want to be safe.

Got some price charts that are coming in short order that covers what's going on in the markets currently among some other things. But felt it was worth putting out this PSA for the time being.

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Lot of Coins at a Steep Discount

This is the 3rd or 4th bull run in the crypto space that I've been through. So far, each and every single one has been the same (in terms of the market's behavior; volatility changes, but behavior doesn't).

There's always going to be a contraction phase in a bull market.

Bull runs typically end with a blow-off top. We're not seeing that here. A contraction back down to $60-63k for Bitcoin is natural. Especially after it pushed against the ATH (I know that it was set, but it wasn't broken definitively enough to truly say that it was 'shattered' the way you want it to be before declaring that Bitcoin has hit new horizons).

Contraction phases like this happen all the time in a bull market. You want them to happen because it allows the market to 'cool down'. When things get too overheated, that's usually when we get too close to that 'blow-off top' phase.

Prior Blow-Off Tops

1. November 2013
2. December 2017
3. February 2021
4. April/May 2021 (biggest blow-off top of all time; -50% price decrease in the space of a week)
5. November 2021 (slow blow-off top)

By the time a blow-off top has occurred, the price has usually shattered the previous ATH.


No, I’m not ignoring you. I’m about to add you all to the Telegram. We’re close to getting rich. You know who I’m talking to.

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Elon Musk says Tesla** is adding Dogecoin payments. Take that for what it is.


Edit: Tesla!! Sorry, I misspoke here. Got my T’s confused.


$69k


$67k


Never short a bull run


What Happens When Ethereum ETFs Get Passed

Ethereum's volume will likely go through the roof. If we look at the total volume of Bitcoin Futures on the CME, we can see that it increased by 37% from December to January.

We're getting sort of the reverse effect of what we saw when Bitcoin futures were first introduced by the CME back in 2017.

We can also expect that all of the major assets that are trading on Ethereum will become relatively more valuable, comparatively.


As you can see in this article, the SEC originally told all those that had applied for the Bitcoin Futures ETF to withdraw their applications. However, Volatility Shares (Commodity Pool Operator) did not withdraw their application. They eventually had their Bitcoin Futures ETF application accepted.

How did they do this? Fortune cited this rule right here that was adopted by the SEC in 2019: https://www.sec.gov/news/press-release/2019-190

Basic gist of this rule is that it allows firms to fast track their applications for ETFs with the SEC. Its called "Rule 6c-11" which "permit(s) ETFs that satisfy certain conditions to operate within the scope of the Investment Company Act of 1940 and come directly to market without the cost and delay of obtaining an exemptive order."

Since there are Bitcoin futures and Ethereum futures on the CME (which is supervised by the CFTC), those applications were able to get fast tracked through and accepted. Like I stated before, the Ethereum Futures ETF application was accepted late 2023.

If the rationale that was given for the Bitcoin ETFs holds, then we're going to see the Ethereum ETFs likely get passed too.


Ethereum Spot ETFs Almost a Shoe-In For Approval

Not only that, I'm going to go as far as to state that there may be even more crypto ETFs approved at some point in the not so distant future. This post and the follow-ups to it are going to explain exactly why.

To begin with, when I say that there's a near guarantee of the Ethereum ETFs being passed, that's not due to some sort of insider information. Its based on the words and actions of the SEC itself as well as established court precedent at this point in time.

How the Bitcoin ETFs Were Actually Passed

To recap again, the approval of the Bitcoin Future ETFs were pivotal in leading to the acceptance of the Bitcoin Spot ETFs. Most people know and acknowledge this. This was cited in the SEC's announcement on their site informing the public of this. For those that were paying attention, you likely noticed Gensler and the remainder of the SEC noting that they were not "endorsing" Bitcoin with this decision though.

Sort of confusing right? Approving the Bitcoin Futures ETF and Bitcoin Spot ETF yet simultaneously stating that you don't really fuck with Bitcoin like that in the same breath?

The reason for that is rooted in this article here: https://fortune.com/crypto/2023/08/09/ether-futures-etf-applications-gensler-volatility-shares-grayscale/


Considering the Parallels Between Ethereum and Bitcoin in the Lead Up to ETH ETFs (1/2)

When Grayscale sued the SEC, the crux of their legal argument stated that, "Because the agency previously approved certain surveillance agreements to prevent fraud in bitcoin futures-based ETFs the same setup should be satisfactory for Grayscale's spot ETF, since both spot and futures funds rely on bitcoin's price."

Essentially, the SEC's rationale was that Bitcoin spot ETFs could not be accepted due to potential market manipulation in the underlying exchanges which the NAV (native asset value) would be based. However, the same argument could have been made of the Bitcoin Futures ETFs since they, too, derive their NAV from the same underlying exchanges.

Ultimately, the SEC lost to Grayscale and the courts ruled that the SEC needed to review their Bitcoin spot ETF application once more. This is what effectively set the stage for the Bitcoin ETFs getting passed recently.


Ethereum ETF Will Be Granted By the SEC (1/?)

Okay, saw this article recently by ‘The Block’ quoting a bank analyst that’s bearish on Ethereum ETFs (ETPs) - https://www.theblock.co/post/272514/sec-spot-ethereum-etf-td-cowen

Summarizing - the article basically states that Ethereum’s status as a “commodity” vs. “security” is less concrete than Bitcoin’s. Therefore, the commission will likely be less favorable to approving this product vs. the Bitcoin ETFs they just approved.

This may be true.

But why would that hold bearing in this situation?

Breaking Down the SEC’s Decision on Bitcoin


Gensler stated that the core reason for them approving the ETFs wasn’t some drastic shift in their perspective. It was due to recent “court cases” - specifically their defeat they suffered at the hands of Grayscale in the first half of 2023.

Gensler specifically said,We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order).[1] The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares.”


Model completed and it works. Better than GPT-4. This is just version 0.0.1

Sorry for the hiatus, but it takes a little bit of time to create something that is literally going to change the landscape of the crypto sphere as we know it.

We’re going to start from the basics and move from here if that’s okay with everyone. Welcome back. Doesn’t matter whether we’re in a bull or bear market, we’re here.


We're Clearly in a Bull Market

If that wasn't obvious before, it should be all the way in your face by now. Called this out back in November of last year (because that's really when it started despite the sideways price action that occurred for the following 10-12 months).

How Do We Know

Price of $BTC has only moved upward since this news hit. Our biggest tip off was the fact that the FTX implosion last year (Nov. 2022) failed to move the prices down too much further below $15-16k. That served as the bottom for our past bear market.

Since then $BTC is >100% and still well below its ATH (-46%). In my opinion, the party doesn't begin until the price cracks the previous all-time high. So we're still very early in the game at this point (no need to panic or rush buy into anything)


Reports of a Binance Settlement (CoinDesk)

According to a recent tweet by CoinDesk, Binance is apparently looking to cooperate and pay the $4B+ fine that the U.S. government is looking for.

This is an astronomical sum of money and its hard to imagine that Binance is able to absorb a $4 billion capital loss like that without it impacting their operations in some capacity. When you combine that with the fact that CZ is also potentially facing criminal charges (regardless of the settlement decision by the entity, Binance), it seems appropriate to wonder how stable Binance will be in the coming days and weeks.

https://x.com/CoinDesk/status/1726662508100903083?s=20

Here's the actual article by CoinDesk: https://www.coindesk.com/markets/2023/11/20/bitcoin-and-bnb-token-stage-relief-rallies-on-binance-settlement-news


Tether Minted 4B Tokens this Past Month

This is per a CoinTelegraph piece published November 13th, 2023.

Apparently Tether minted exactly 4B tokens spanning back over the last month. That’s a curious total since it matches what Binance would have to pay and we know Binance is a Tether partner with the largest pool of Tether reserves.

Perhaps this is nothing though.

https://cointelegraph.com/news/tether-issues-4-billion-usdt-4-weeks

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