【10.1 Morning Report|Two Things Overnight】
First up: $NEAR and Bitwise’s spot NEAR ETF listed on NYSE Arca last night—the first of its kind in the US. Ticker NRR, with a 0.75% management fee and it also includes staking rewards. This ETF ride didn’t stop at a single station; every public chain is getting pulled to the table. In the short term, it’s definitely sentiment-driven; how far it can go depends on volume—don’t chase after a spike.
Macro is the real big piece. The Hormuz blockade is basically no longer able to hold. Middle East crude exports are back to the highest level since the war began. WTI fell 3% overnight to $89. Trump, on one hand, said “the war will end soon,” and on the other, deployed 40 million barrels of strategic reserves to push down oil prices. For risk assets like $BTC , a pullback in oil is like pressure relief—but Iran has warned, “If I don’t sell, nobody else can sell,” and the rial has already devalued to 2.5 million per USD. You can’t ignore the risk of a desperate escalation.
One more detail: OpenAI’s annualized revenue has reached $70 billion. For AI themes like $WLD , there are new storylines again. But the Reserve Bank of Australia has raised rates to 4.6%, the highest in 15 years—getting through the war-inflation hurdle won’t be easy.
My own positioning plan: on the last day before National Day, I will only reduce, not add. A drop in oil is good news, but even good news should be realized in batches.
NFA DYOR
#NEAR #BTC #加密货币 #ETF #宏观经济
First up: $NEAR and Bitwise’s spot NEAR ETF listed on NYSE Arca last night—the first of its kind in the US. Ticker NRR, with a 0.75% management fee and it also includes staking rewards. This ETF ride didn’t stop at a single station; every public chain is getting pulled to the table. In the short term, it’s definitely sentiment-driven; how far it can go depends on volume—don’t chase after a spike.
Macro is the real big piece. The Hormuz blockade is basically no longer able to hold. Middle East crude exports are back to the highest level since the war began. WTI fell 3% overnight to $89. Trump, on one hand, said “the war will end soon,” and on the other, deployed 40 million barrels of strategic reserves to push down oil prices. For risk assets like $BTC , a pullback in oil is like pressure relief—but Iran has warned, “If I don’t sell, nobody else can sell,” and the rial has already devalued to 2.5 million per USD. You can’t ignore the risk of a desperate escalation.
One more detail: OpenAI’s annualized revenue has reached $70 billion. For AI themes like $WLD , there are new storylines again. But the Reserve Bank of Australia has raised rates to 4.6%, the highest in 15 years—getting through the war-inflation hurdle won’t be easy.
My own positioning plan: on the last day before National Day, I will only reduce, not add. A drop in oil is good news, but even good news should be realized in batches.
NFA DYOR
#NEAR #BTC #加密货币 #ETF #宏观经济