Today's most surreal news: Russia's two largest banks, Sberbank and VTB, have opened up BTC, ETH, and USDT trading to 140 million bank customers.
A major country's banking system officially opening the door to crypto assets carries more weight than an exchange listing ten new coins.
But here's the irony: in the US markets, outflows from BTC and ETH ETFs in October are nearing $1 billion. Institutions are selling, while ordinary Russians have just been allowed to buy. So, who do you think has it right?
The macro picture is even more tangled. Fed officials keep signaling that more rate hikes are coming, the odds of a December hike have surged to 75%, and the 10-year Treasury yield is heading for 6%. Even Dalio has spoken up, warning that the cushion protecting US stocks from high interest rates is getting thinner. In this kind of liquidity environment, altcoins surviving is a win.
Two individual projects are actually getting things done: $APT is making a major tokenomics overhaul, fixing the total supply at 2.1 billion, halving staking rewards, and permanently locking up 210 million tokens—a clear move toward deflation; $PYTH goes even further, with its DAO approving the use of 100% of product revenue for buybacks. Real changes to the mechanics are better than empty promises.
Keep an eye on oil prices at the European market open. Another oil tanker has hit a mine in the Strait of Hormuz. On days like this, don't chase risk assets higher; leave yourself some room with your position sizes.
NFA DYOR
#BTC #ETH #Aptos #加密货币 #ETF
A major country's banking system officially opening the door to crypto assets carries more weight than an exchange listing ten new coins.
But here's the irony: in the US markets, outflows from BTC and ETH ETFs in October are nearing $1 billion. Institutions are selling, while ordinary Russians have just been allowed to buy. So, who do you think has it right?
The macro picture is even more tangled. Fed officials keep signaling that more rate hikes are coming, the odds of a December hike have surged to 75%, and the 10-year Treasury yield is heading for 6%. Even Dalio has spoken up, warning that the cushion protecting US stocks from high interest rates is getting thinner. In this kind of liquidity environment, altcoins surviving is a win.
Two individual projects are actually getting things done: $APT is making a major tokenomics overhaul, fixing the total supply at 2.1 billion, halving staking rewards, and permanently locking up 210 million tokens—a clear move toward deflation; $PYTH goes even further, with its DAO approving the use of 100% of product revenue for buybacks. Real changes to the mechanics are better than empty promises.
Keep an eye on oil prices at the European market open. Another oil tanker has hit a mine in the Strait of Hormuz. On days like this, don't chase risk assets higher; leave yourself some room with your position sizes.
NFA DYOR
#BTC #ETH #Aptos #加密货币 #ETF