There’s been a flurry of news during the U.S. session, so let’s go over a few highlights.
The biggest scoop: The Winklevoss brothers filed an S-1 for a spot ETF for $ZEC , seeking to list it on Nasdaq under the ticker WINK. They really know how to have fun with a name. The idea of a privacy coin making it this far toward an ETF would’ve seemed unthinkable two years ago. The push toward compliance really isn’t slowing down.
Saylor’s been busy too. Proceeds from STRC’s IPO went straight toward buying 21,021 $BTC . He’s getting pretty good at raising money through preferred shares to buy Bitcoin.
One stablecoin trend worth watching: The Arbitrum ecosystem has picked Paxos’s $USDG as its ecosystem dollar, while ether.fi is also issuing a stablecoin using Ethena’s white-label solution. Platforms with distribution are starting to rent stablecoins instead of issuing their own. Stablecoin issuance is becoming commoditized.
The macro picture can be summed up in one word: tight. The 10-year Treasury yield has climbed to 5.34%, its highest since 2002. Oil tankers are still coming under attack in the Strait of Hormuz, Brent crude is hovering around $100, and buyers are still stepping in above $4,200 for gold. Risk assets are under pressure from every direction, making it hard for Bitcoin to decouple in the short term.
My take: Crypto’s own positive catalysts are wrestling with a tight macro backdrop. Don’t get carried away in the short term, and leave yourself some room with your position sizing.
NFA DYOR
#BTC #ZEC #稳定币 #美股 #Binance Square
The biggest scoop: The Winklevoss brothers filed an S-1 for a spot ETF for $ZEC , seeking to list it on Nasdaq under the ticker WINK. They really know how to have fun with a name. The idea of a privacy coin making it this far toward an ETF would’ve seemed unthinkable two years ago. The push toward compliance really isn’t slowing down.
Saylor’s been busy too. Proceeds from STRC’s IPO went straight toward buying 21,021 $BTC . He’s getting pretty good at raising money through preferred shares to buy Bitcoin.
One stablecoin trend worth watching: The Arbitrum ecosystem has picked Paxos’s $USDG as its ecosystem dollar, while ether.fi is also issuing a stablecoin using Ethena’s white-label solution. Platforms with distribution are starting to rent stablecoins instead of issuing their own. Stablecoin issuance is becoming commoditized.
The macro picture can be summed up in one word: tight. The 10-year Treasury yield has climbed to 5.34%, its highest since 2002. Oil tankers are still coming under attack in the Strait of Hormuz, Brent crude is hovering around $100, and buyers are still stepping in above $4,200 for gold. Risk assets are under pressure from every direction, making it hard for Bitcoin to decouple in the short term.
My take: Crypto’s own positive catalysts are wrestling with a tight macro backdrop. Don’t get carried away in the short term, and leave yourself some room with your position sizing.
NFA DYOR
#BTC #ZEC #稳定币 #美股 #Binance Square