southerly
Web3.0的打工人，满仓现货的韭菜
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In fact, today once again validated this viewpoint, hoping that Ethereum can make a comeback...#ETH🔥🔥🔥🔥
$ETH Although Ethereum's ecological construction has lagged behind, if you want to make money by copying, you must first pull Ether to have a chance. Only Ether will overflow funds to all copycats, and the size of SOL is still not enough.
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$ETH Although Ethereum's ecological construction has lagged behind, if you want to make money by copying, you must first pull Ether to have a chance. Only Ether will overflow funds to all copycats, and the size of SOL is still not enough.
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VanEck files for first Solana spot ETF
VanEck, one of the issuers of the first spot Bitcoin exchange-traded funds (ETFs) in the United States, announced on June 27 that it had applied to issue a new Solana ETF. Matthew Sigel, head of digital asset research at VanEck, announced the news on X, saying that the company has applied to the U.S. Securities and Exchange Commission (SEC) to establish an ETF called "VanEck Solana Trust." The fund aims to take advantage of Solana's decentralized nature, high utility, and economic viability. According to Sigel, this is also the first Solana ETF application in the United States.
VanEck Solana Trust's goals and mechanisms
VanEck Solana Trust's goals and mechanisms
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On June 19, I cleared my position and barely escaped. The current situation is not very good. Compared with the past, the exchange rates of Asian currencies continued to fall, and the US dollar index rose again, which is a big negative for interest rate cuts. In addition, the liquidity was already precarious, and there were news of various governments selling off and Mentougou, which made people feel numb.
The plan for the future is to see whether the price of BTC can reach $57,000. If it does, I will follow the plan of adding 1,000u for every 1,000u drop. To be honest, according to the estimated capital inflow of ETH ETF, it should be less than 2 billion US dollars, which is a bit insufficient compared to the inflation rate of ether.
#以太坊ETF批准预期 #Mt.Gox将启动偿还计划 #美联储何时降息？ $BTC $ETH
The plan for the future is to see whether the price of BTC can reach $57,000. If it does, I will follow the plan of adding 1,000u for every 1,000u drop. To be honest, according to the estimated capital inflow of ETH ETF, it should be less than 2 billion US dollars, which is a bit insufficient compared to the inflation rate of ether.
#以太坊ETF批准预期 #Mt.Gox将启动偿还计划 #美联储何时降息？ $BTC $ETH
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Cleared the warehouse, suffered heavy losses😭! The main reasons for clearing the warehouse:
First, the US stock market rose too fiercely, which attracted the funds in the cryptocurrency circle, and liquidity was even worse.
Second, although the US stock market seems to be rising, it is actually mainly a few oligopolistic component stocks that are rising, and other large stocks are also falling. Once the US stock market pulls back, except for the liquidity of BTC and ETH, there should be nothing that can hold it.
Third, the entry itself is to speculate on the ETF expectations of ETH, but it still depends on the face of BTC. It is a bit uncertain about the market, so I cleared the warehouse;
Finally, I hope not to be slapped in the face, and the stop loss will explode😭
#BTC走势分析 #EthereumEFT #美股
First, the US stock market rose too fiercely, which attracted the funds in the cryptocurrency circle, and liquidity was even worse.
Second, although the US stock market seems to be rising, it is actually mainly a few oligopolistic component stocks that are rising, and other large stocks are also falling. Once the US stock market pulls back, except for the liquidity of BTC and ETH, there should be nothing that can hold it.
Third, the entry itself is to speculate on the ETF expectations of ETH, but it still depends on the face of BTC. It is a bit uncertain about the market, so I cleared the warehouse;
Finally, I hope not to be slapped in the face, and the stop loss will explode😭
#BTC走势分析 #EthereumEFT #美股
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Crypto industry faces uncertainty as EU MiCA deadline approaches
#美联储何时降息？ #宏观经济 #政策变更
The Markets in Crypto-Assets Authority (MiCA) is a comprehensive regulatory framework established by the European Union to regulate cryptocurrency and digital asset markets in member states. MiCA is supervised by the European Securities and Markets Authority and was approved by the European Parliament in April 2023. The regulatory framework is about to usher in a key deadline on June 30, stipulating that stablecoins issued in the region must pass stricter regulatory requirements.
Phased rollout of MiCA implementation
The implementation of MiCA is being carried out in stages, with the June 30 deadline primarily targeting crypto asset service providers and other entities operating in the crypto space. These entities must comply with certain requirements set out in the regulation, including registration and KYC/AML requirements, thus ending the transition period. Entities that do not comply may be fined and banned from operating within the EU until they meet regulatory requirements.
The Markets in Crypto-Assets Authority (MiCA) is a comprehensive regulatory framework established by the European Union to regulate cryptocurrency and digital asset markets in member states. MiCA is supervised by the European Securities and Markets Authority and was approved by the European Parliament in April 2023. The regulatory framework is about to usher in a key deadline on June 30, stipulating that stablecoins issued in the region must pass stricter regulatory requirements.
Phased rollout of MiCA implementation
The implementation of MiCA is being carried out in stages, with the June 30 deadline primarily targeting crypto asset service providers and other entities operating in the crypto space. These entities must comply with certain requirements set out in the regulation, including registration and KYC/AML requirements, thus ending the transition period. Entities that do not comply may be fined and banned from operating within the EU until they meet regulatory requirements.
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Many central banks have started to cut interest rates, and the European Central Bank has officially started to cut interest rates
#降息 #央行决议 #美联储何时降息？ #美联储降息周期
On June 6, local time, the European Central Bank announced that it would cut all three major interest rates by 25 basis points, with the main refinancing rate, marginal lending rate and deposit mechanism rate being cut to 4.25%, 4.50% and 3.75% respectively. So far, many central banks including Switzerland, Sweden, Canada and Europe have started to cut interest rates, and the global central bank interest rate cut trend has accelerated. The market is very concerned about when the Federal Reserve will "take over".
The ECB said that based on the latest assessment of the inflation outlook, potential inflation dynamics and the strength of monetary policy transmission, after keeping interest rates stable for 9 months, it is now time to ease the degree of monetary policy restrictions. The ECB Governing Council will continue to follow a data-based, meeting-by-meeting approach to determine the appropriate level of restrictions and will not pre-commit to a specific interest rate path.
On June 6, local time, the European Central Bank announced that it would cut all three major interest rates by 25 basis points, with the main refinancing rate, marginal lending rate and deposit mechanism rate being cut to 4.25%, 4.50% and 3.75% respectively. So far, many central banks including Switzerland, Sweden, Canada and Europe have started to cut interest rates, and the global central bank interest rate cut trend has accelerated. The market is very concerned about when the Federal Reserve will "take over".
The ECB said that based on the latest assessment of the inflation outlook, potential inflation dynamics and the strength of monetary policy transmission, after keeping interest rates stable for 9 months, it is now time to ease the degree of monetary policy restrictions. The ECB Governing Council will continue to follow a data-based, meeting-by-meeting approach to determine the appropriate level of restrictions and will not pre-commit to a specific interest rate path.
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Trump found guilty of 34 felony charges
On May 30, local time, a jury in a New York court ruled that all 34 felony charges of falsifying business records in the "hush money" case against former US President Trump were established. Trump became the first former president in US history to be convicted.
New York prosecutors allege that during Trump's 2016 presidential campaign, he commissioned his personal lawyer Cohen to pay $130,000 in hush money to porn star Daniels (real name Stephanie Clifford) to prevent the latter from claiming that she had an affair with Trump in 2006 and affecting her election. Trump then falsified business records and returned the money Cohen advanced in installments under the name of "lawyer fees" to cover up his violations of New York and federal election regulations.
New York prosecutors allege that during Trump's 2016 presidential campaign, he commissioned his personal lawyer Cohen to pay $130,000 in hush money to porn star Daniels (real name Stephanie Clifford) to prevent the latter from claiming that she had an affair with Trump in 2006 and affecting her election. Trump then falsified business records and returned the money Cohen advanced in installments under the name of "lawyer fees" to cover up his violations of New York and federal election regulations.
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2024 US presidential election: The political battle for cryptocurrencies
In the context of increasingly significant political polarization, the lingering cloud of economic recession, and severe divisions in public opinion, the next presidential candidate of the United States will have a crucial impact on the direction of national politics. On the other hand, with the transmission of high inflation, the intensifying trade war, and the collective development of economies, we also need to pay attention to the U.S. election as to where the global economy will go.
On November 5, the 2024 US presidential election will be held as scheduled. Judging from the current situation, it is no surprise that the US president this year will be between the 81-year-old Democratic representative Biden and the Republican representative Trump, who is known for his crazy talk. In order to win votes, both will launch high-profile campaigns to elaborate on their political intentions and electoral promises, covering economic, demographic, gender, education, military and other issues.
On November 5, the 2024 US presidential election will be held as scheduled. Judging from the current situation, it is no surprise that the US president this year will be between the 81-year-old Democratic representative Biden and the Republican representative Trump, who is known for his crazy talk. In order to win votes, both will launch high-profile campaigns to elaborate on their political intentions and electoral promises, covering economic, demographic, gender, education, military and other issues.
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IRS releases draft digital asset tax form
The U.S. Internal Revenue Service (IRS) has released a draft tax form 1099-DA for reporting gains from broker-dealer digital asset transactions. According to the instructions for the form, brokers must report gains from the disposal of digital assets to clients and the IRS on Form 1099-DA, as well as the basis for the disposal of digital assets in some cases. This means that brokers, including non-custodial wallet providers, must report gains from the disposal of digital assets to the IRS, including space and where to find transactions on the relevant blockchain.
The draft 1099-DA form shows that the agency will likely have a series of individual token codes that can be filled in, including space for wallet addresses and where to find transactions on the relevant blockchain. This means that brokers will have to report the proceeds of digital asset dispositions to customers and the IRS on Form 1099-DA, as well as the basis for the disposition in some cases.
The draft 1099-DA form shows that the agency will likely have a series of individual token codes that can be filled in, including space for wallet addresses and where to find transactions on the relevant blockchain. This means that brokers will have to report the proceeds of digital asset dispositions to customers and the IRS on Form 1099-DA, as well as the basis for the disposition in some cases.
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#BNB🔥 #fdusd This sudden rise, if you say that there is no new mining coming, I don't believe it. Is the mouse warehouse so terrible? Zeta, Zks or Starknet? OK Zeta launched in the afternoon, and Binance is also very likely to go online.
Zeta Airdrop 10% Details
Give 1.5% to integral users when the main network goes online
Give 2.5% to wallet, learning and activity users after the main network goes online
6% Participate in XP users after the main network goes online
#内容挖矿
Zeta Airdrop 10% Details
Give 1.5% to integral users when the main network goes online
Give 2.5% to wallet, learning and activity users after the main network goes online
6% Participate in XP users after the main network goes online
#内容挖矿
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Liquidity Staking Track｜Southerly Analysis
Liquidity staking protocols allow users to earn staking rewards without locking up their tokens or maintaining staking infrastructure. After depositing tokens, users will receive liquid tokens that are tradable and transferable. The DAO-controlled smart contract uses selected node operators to stake user-deposited tokens. Since users’ tokens are controlled by the DAO, node operators can never directly touch or use users’ tokens.
What is the difference between staking and liquidity staking?
Traditional staking requires users to deposit funds into an escrow account operated by a smart contract for a period of time. Depending on the plan selected, the lock-in period may vary from a few days to a few months. During this period, investors cannot access their funds. In contrast, when investors stake their funds using a liquidity staking service, those funds are not locked. Token holders receive receipt tokens as evidence of their stake. So the main difference is that with liquid staking you have full access to your funds at any time and can unstake at any time without any repercussions. Therefore, this equates to higher returns and greater market liquidity.
What is the difference between staking and liquidity staking?
Traditional staking requires users to deposit funds into an escrow account operated by a smart contract for a period of time. Depending on the plan selected, the lock-in period may vary from a few days to a few months. During this period, investors cannot access their funds. In contrast, when investors stake their funds using a liquidity staking service, those funds are not locked. Token holders receive receipt tokens as evidence of their stake. So the main difference is that with liquid staking you have full access to your funds at any time and can unstake at any time without any repercussions. Therefore, this equates to higher returns and greater market liquidity.
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Not too much attention should be paid to the market factors on Bitcoin ETF, Judging from the current situation, the overall market liquidity is still not sufficient; In addition to the significance of being recognized by traditional institutions, the hype of ETF is more about providing liquidity. So next, it is suggested to pay attention to the following points:
1. Interest rate cut cycle: Even though the SEC has stopped raising interest rates at present, the overall interest rate still remains high; 2. Selling pressure: FTX, Mt.Gox, Silk Road and the profit-taking of short-term holders
3. Expiration of BTF: The Fed has made it clear that the bank term financing program (BTF) will expire on March 11 this year, another blow to market liquidity.
#BTC #ETH #MANTA #chz
1. Interest rate cut cycle: Even though the SEC has stopped raising interest rates at present, the overall interest rate still remains high; 2. Selling pressure: FTX, Mt.Gox, Silk Road and the profit-taking of short-term holders
3. Expiration of BTF: The Fed has made it clear that the bank term financing program (BTF) will expire on March 11 this year, another blow to market liquidity.
#BTC #ETH #MANTA #chz
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