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Dogecoin and Solana ETFs are attracting significant attention. Yesterday, Bitwise officially filed with the US Securities and Exchange Commission (SEC) for a spot Dogecoin exchange-traded fund. 

During the same time frame, Cboe BZX Exchange submitted spot Solana ETF filings on behalf of four major asset managers. 

Trump’s relatively pro-crypto bill and new Treasury Secretary appear to have woken up issuers of Dogecoin and Solana ETFs – new ones are being proposed left, right, and center.

If commencing, they could be a huge step forward for the crypto industry, signaling rosy prospects for novel meme and Solana-based projects like Meme Index and Solaxy. 

Dogecoin and Solana ETFs – What’s the Fuss About?

The beauty of Dogecoin and Solana ETFs is that they would track the price of $DOGE and $SOL in real-time and give investors exposure to them without having to invest in them directly.

ETFs make the often troublesome dealings with crypto exchanges, wallets, and private keys no longer necessary.

Plus, they’re regulated and more transparent, reducing the likelihood of price manipulation and security risks compared to direct digital asset ownership. 

Bitwise Has Dogecoin ETF Competition

A Dogecoin ETF would make $DOGE more trustworthy in the eyes of investors. This is especially true when considering that Bitewise’s proposed Dogecoin ETF has chosen Coinbase Custody as its proposed custodian (a top choice among issuers). 

Regarding the following steps, the S-1 application must be tied to a 19b-4 filing to be approved or denied.

But Bitwise does have competition. REX Shares and Osprey Funds have also proposed Dogecoin ETFs, and it’s unclear which one the SEC will improve first (if any). 

New SEC Team Spurs Promising ETF Outlook

ETFs are keeping the SEC busy. Another example is Cboe BZX refiling 19b-4 filings for spot Solana ETFs on behalf of VanEck, Bitwise, 21Shares, and Canary Capital just yesterday. 

The SEC reportedly rejected these applications late last year. However, Donald Trump’s revamped SEC team (including Hester Peirce and Mark Uyeda) is much more crypto-friendly. This means they’ve got a much higher chance of being accepted this time around. 

Showing the weight of spot Solana ETFs, JPMorgan predicts the approval of one could attract between a hefty $3B to $6B in net assets over one year. 

ETF Approval Signals Bright Days Ahead for Crypto Dogecoin and Solana ETFs signal good times ahead for the crypto sector as a whole.

A Dogecoin ETF would likely propel $DOGE’s price to greater heights. In addition, when $DOGE’s price rockets, other meme coins usually follow suit. Owing to this, it could act as a catalyst for the meme coin sector, spurring investors to consider projects like the Meme Index ($MEMEX). 

$MEMEX is an appealing buy because it grants access to four meme indexes depending on their risk tolerance (from extreme volatility to the most stable). Plus, it’s super easy to join during the presale for $0.0156557 and can be staked at an eye-boggling 740% APY.

On the other hand, the approval of a Solana ETF signals prosperous times for not only $SOL but also Solana-based projects like Solaxy ($SOLX) – the world’s first Solana Layer-2 network designed to fix Solana’s woes: congestion issues, failed transactions, and scalability limitations. 

Further making $SOLX an attractive investment is that it can be staked at a 249% APY, thanks to 25% of its total token supply being set aside for such rewards. Better still – it costs just $0.001618 to join.

However, this is not investment advice. Always do your own research and monitor market dynamics before making any bold investment choices.

Also, never spend more than you’d be upset to lose because the crypto sector can be an extremely volatile space. 

The strategic Bitcoin reserve is taking shape now as Senator Cynthia Lummis shared her vision.

Lummis proposed the US buy 200K $BTC (worth roughly $20B at current prices) annually until 2030.She then suggests holding it for 20 years to, hopefully, halve the US national debt.

How realistic is this idea?

Let’s unpack the benefits – and pitfalls – of Lummis’ proposal.

Bear with me as I present you with a calculation-heavy, highly speculative – and still oversimplified – outlook for the future of the Bitcoin strategic reserve.

When Ambition Meets Mathematical Reality

Not every day does a Senator say on national TV the government plans to exchange billions worth of its official currency for crypto.

At current prices, the Bitcoin reserve would be worth $100B. The US national debt is over $36T. Lummis expects the reserve to cover 50% of the debt in 20 years, or approximately $18T (assuming the debt doesn’t increase – which it likely would).

To achieve this, $BTC would either have to hit $18M per token, or the government would have to find creative ways to generate profit from it.

The first scenario means a 17,900% increase from the current level. That’s modest compared to $BTC’s actual 166,025,905% surge since its launch, but it would bring $BTC’s market cap to over $356T.

The total value of all money globally in USD is just $80T.

The math doesn’t add up.

20-Year Outlook: Could Crypto Replace National Currencies?

A more viable solution would be for the government to issue investment instruments like T-bills (BTC-bills?), options, or indexed bonds linked to $BTC. Then, generate revenue from selling these to investors globally.

Either way, the value and role of $BTC in the US economy would be massive. And this would likely lead to further depreciation of the dollar.

Could all governments ditch fiat and adopt crypto as their national currencies in 20 years? Ten years ago, people would call you crazy for even asking this, but now, it’s pretty plausible.

No country would proclaim the highly volatile $PEPE as their national currency, but $BTC, with its reputation of digital gold, or stablecoins, could be viable alternatives to fiat.

It’s early to judge if Lummis’ proposal is absurd or genius.

But it surely is a major step toward mainstream crypto adoption by institutions and governments and could drive $BTC to unprecedented heights.

Best Wallet – The World’s First Presale Wallet to Secure Your Share of $BTC’s $18T Future

While $356T is a stretch, Coinbase CEO predicts $BTC market cap to soon hit that of gold – $18T, which means one $BTC would cost $908K.

If you hold even a fraction of a $BTC (or any other crypto, for that matter), you need a reliable wallet to store all that wealth.

Best Wallet is a non-custodial hot wallet, so only you hold your private keys. On top of that, it’s mobile-first, so you can sell, buy, swap, and stake crypto anytime from one intuitive interface.

Beyond $BTC, Best Wallet supports hundreds of assets across all popular networks. This includes presale tokens, which you can buy directly through Best Wallet’s Token Launchpad.

In fact, it’s the first and only presale wallet in the world. This unique advantage could help Best Wallet achieve its goal of capturing 60% of the sector by 2026.

The ecosystem’s native token, $BEST, gives its holders early access to new projects, higher staking yields, lower fees, and governance rights.

You can still buy $BEST at $0.023775 on presale, after which it would list on exchanges and likely surge in value.

Final Remarks

While Lummis’s Bitcoin reserve idea might not slash the national debt in half, the very fact that government officials are taking crypto this seriously is huge.

Now is the perfect time to prepare for the crypto revolution with a wallet that matches your ambition. To join the Best Wallet ecosystem, visit the official presale website and buy $BEST using $USDT, $ETH, or a card.

Meanwhile, we remind you to DYOR before investing in any asset, whether it’s $BTC or a hot presale crypto.

Often considered as a safe-haven asset during economic crisis, Bitcoin has created a special niche in finance. Its distributed character, free from conventional financial restrictions, gives it a unique appeal. Its volatility, however, calls to question its dependability. While some consider the crypto as too unstable for actual safe-haven status, others see it as a buffer against market turbulence.

The CEO’s Viewpoint

Nigel Green, CEO of DeVere Group, is a strong advocate for Bitcoin’s role as a safe haven and highlights its distributed architecture and restricted supply as key components that make it secure and resilient in the face of financial instability. Green thinks that the capacity of the flagship coin to operate independently of corporations and the government adds to its allure.

Chinese AI Rocks The Market

The Chinese AI company DeepSeek, meanwhile, is causing a great deal of disruption in international markets. Their V3 and R1 models can effectively start an arms race in artificial intelligence by competing with their US counterparts while consuming fewer resources.

Bitcoin is risk asset but its holding remarkably well compared to tech stock . The market sees stability for Bitcoin despite the chaos . Fantastic step for #Bitcoin #deVere https://t.co/o3Cq86FtfM

— Nigel Green (@nigeljgreen) January 27, 2025

Due to the significant impact this invention has had on the technological sector, the US stock market has seen losses of hundreds of billions of dollars. For instance, when DeepSeek was launched last week, chipmaker Nvidia lost a whopping $589 billion, a record one-day loss for any company on Wall Street.

Green advised investors to maintain their composure. In a note, he made the case that BTC is independent of the success of any one business or country — the rise of China’s DeepSeek included.

“This is not the time for panic; it’s a time for perspective,” he said.

Bitcoin’s fundamentals, according to the CEO, remain as strong as ever. “History has shown us that such moments of volatility often create the most significant opportunities for forward-thinking investors.”

A Shift In Global Tech Balance

The emergence of DeepSeek transcends a mere corporate success narrative; it signifies a transformation in the global equilibrium of power over new technology. The competition between the US and China for supremacy has rendered markets increasingly precarious.

Trade tensions and geopolitical conflicts among other global economic events often affect Bitcoin’s appeal as a safe refuge. The alpha coin piqued interest following Brexit and the trade conflict between the US and China. It is important to keep in mind, meanwhile, that Bitcoin’s performance is not always constant and volatility is still a major problem.

Bitcoin Unfazed By Geopolitical, Tech Tensions: Green “Unlike tech stocks, Bitcoin isn’t beholden to the performance of any one company or nation,” he explained.

Green pointed out that Bitcoin is decentralized, borderless and finite: “Bitcoin is an asset uniquely positioned to thrive in a world increasingly shaped by geopolitical tensions and technological disruption.”

Geopolitical tensions and economic rivalries will likely escalate, Green said. “Bitcoin, by design, is insulated from these forces. It operates outside of national borders and policies, making it a safe harbour in turbulent times.”

Featured image from Medium, chart from TradingView

Комиссия по ценным бумагам и фьючерсам (SFC) Гонконга сообщила о 45 веб-сайтах, маскирующихся под официальный портал лицензированной в этом особом регионе Китая криптобиржи HashKey.

Старший аналитик издания CoinDeck заявил, что денежная масса в США выросла до $21,5 трлн, что положительно влияет на котировки первой криптовалюты.

Сенатор-республиканка от штата Вайоминг Синтия Ламмис (Cynthia Lummis) направила свое экспертное заключение в Апелляционный суд США второго округа, поддержав криптобиржу Coinbase в судебном споре с американским финансовым регулятором.

We haven’t heard much about Sony’s Layer-2 blockchain Soneium since its testnet’s introduction in 2023. Now, the company has announced a four-week contest where creators, developers, and users can explore Soneium’s capabilities.

The campaign will be hosted on the Galxe platform and will focus on gaming, communication, and creativity.

Sony is heavily invested in media production and distribution through Sony Pictures and Sony Music, so Soneium gives power back to artists, game developers, and fans through accessible, inclusive content.

This sense of unity lies at the core of Web3 philosophy, particularly decentralized autonomous organizations (DAOs) like Lido and MANTRA. Community governance drives these projects toward shared goals and is often more effective than centralized decision-making.

If Soneium gains mainstream adoption, these DAOs could also benefit from growing demand for projects that put the community first.

1. Wall Street Pepe ($WEPE) Raises $63M with Community-Centric Approach

Wall Street Pepe ($WEPE) is an interesting DAO-like crypto project. Still on presale, it raised over $63M, becoming the second-most-popular presale to date (behind only Pepe Unchained).

The reason for such strong momentum is community support against institutional investors – presale buyers have become tired of whales manipulating the market and decided to rise up against them.

$WEPE holders will receive key trading insights to help them find hidden crypto gems and profit like never before.

While technically not a DAO, Wall Street Pepe checks all the boxes of one:

• Strong community incentives and a loyal foundation
• Rewarding users for participating in ecosystem decisions

The project is all about giving power back to the unbanked and creating a freer crypto market where regular traders don’t get hoodwinked by large whales.

The concept of DAOs is not new, but never before has a project encouraged active participation this way. In traditional DAOs, users often forget to exercise their governance rights because they don’t have a strong incentive. Wall Street Pepe changes this.

The presale hasn’t ended; there’s still an opportunity to buy $WEPE at a low price and join this rapidly growing community. Experts predict $WEPE to surge 100x after it’s listed on exchanges.

2. MIND of Pepe ($MIND), an AI Agent with a Bright Future

MIND of Pepe ($MIND) is another community-centric meme coin presale that takes a different approach to DAO-based rewards.

The AI agent will curate crypto recommendations and insights after analyzing trends and crypto intelligence in real time.

Better yet, this will be an automated process. The AI will interact with influencers and engage with decentralized communities and platforms all by itself.

Although not a traditional DAO project, $MIND behaves like one in every way. Holders will receive exclusive rewards in the form of crypto insights and analyses.

And everyone is incentivized to HODL and contribute to the ecosystem by staking their tokens. So far, over 670M tokens have been staked for a jaw-dropping 522% APY.

One $MIND is now $0.0032144, and the presale has raised $4.2M, with the price increasing in the next 14 hours.

Considering the AI industry is estimated to reach $826B by 2030, it’s easy to see how AI agent projects like $MIND are catching so much investor attention.

3. Audius ($AUDIO), With Soneium, Might Reignite the Decentralized Music Revolution

Audius is an established project that hit the market in 2020. However, after the initial hype wore off, it struggled to gain adoption, and the value of the $AUDIO token dropped from $4 to $0.13.

The Soneium mainnet launch might breathe new life into $AUDIO.

Audius is a decentralized music streaming protocol that gives creators full control over their content. It also connects artists with fans through direct messaging and live streams.

Traditional music streaming apps like Spotify take up to 70% of artist revenue. This means that indie creators can barely earn enough for coffee, so Audius implements a tipping system where artists get 100%.

Soneium’s and Audius’ vision aligns, so the project might very well migrate from Solana to this new network in the future.

4. MANTRA ($OM) Surges 4,503% Year-to-Date, New Records Ahead?

MANTRA ($OM) is the second-largest DAO token with a $4.4B market cap. It grew 4,503% since January 2024 and hit a new all-time high of $5 three days ago.

What’s so special about it? And is this the top?

MANTRA is a decentralized finance protocol that offers services like staking, lending, and real-world asset tokenization. But community-led governance is one of MANTRA’s main appeals.

On top of that, MANTRA integrates the Cosmos ecosystem for interoperability with other blockchains through the Inter-Blockchain Communication protocol.

As an Ethereum-based project, MANTRA could also integrate with Soneium and lead as an example for other DeFi platforms on the network.

Final Remarks

The main difference between Web2 and Web3 isn’t the technology – it’s the vision. Projects like Soneium, Wall Street Pepe, MIND of Pepe, Audius, and MANTRA create new governance and economic models where anyone can make an impact.

But remember, while these projects hold much promise, no gains are guaranteed in the crypto world. We remind you to DYOR and diversify to offset potential losses.

In a series of updates posted on January 28 via X , Shiba Inu’s lead developer, Shytoshi Kusama, signaled that a major new collaboration is on the horizon for the Shiba Inu (SHIB) ecosystem. Kusama also took the opportunity to reiterate the importance of protecting the integrity of SHIB’s official communication channels from any misuse.

‘Biggest Announcement’ Ever For Shiba Inu

In a thread of eight posts, Kusama stressed that Shiba Inu’s official platforms, especially the main @ShibToken account, should remain “sacred” and focused on legitimate, value-adding initiatives. He recounted how, at the outset of the project, limited blockchain tools meant one custodian was chosen to manage the primary social channels.

Since then, the goal has been to ensure these channels remain a trusted source for the community. “These communication spaces are sacred to us,” Kusama wrote in his first post. “It’s heartbreaking to see these sacred spaces misused for projects unrelated to Shib.”

He pointed out past instances where non-SHIB content was removed and urged the community to help maintain a clear separation between personal content and official ecosystem updates. Kusama highlighted the project’s journey from “being a token to a global brand, meme, and thriving community.” He also reaffirmed Shiba Inu’s commitment to forming purposeful collaborations, mentioning Zama.ai as an example of a partnership that aligns with the ecosystem’s goals:

“We’ve always prioritized legit partnerships (like Zama.ai) that add value to the Shib Ecosystem,” he wrote. “We’ve avoided rugs, scams, and pump-and-dumps to protect the community.” This caution underscores Shiba Inu’s broader vision of expanding its reach without jeopardizing its reputation. Kusama made it clear that projects not officially endorsed by Shiba Inu do not represent the team, adding, “We wish the best to those trying to replicate us, but nothing can match the epic path Shib has trailblazed.”

Perhaps the most significant part of the thread was Kusama’s revelation of an upcoming major announcement that could have a far-reaching impact. In the sixth post of his thread, he stated: “Shib is about to announce one of the most powerful partnerships in Web3. This could benefit all Shibarium projects, Shib tokens (Shib, Bone, Leash, Treat), and the space as a whole.”

While he did not reveal specific details, he encouraged the community to keep discussions on official channels “focused on what matters most.” In a subsequent post, Kusama doubled down on his earlier statement: “SHIB, the ecosystem, brand, meme, operating system, and network state has an EXTREMELY powerful partnership announcement coming SOON.”

He also hinted at participating in upcoming X Spaces to discuss the new developments, inviting influencers and community members to join the conversation by suggesting opportunities for him to speak.

Before these posts, Kusama alluded to a broader expansion strategy, referencing a potential plan to capture market share from Hasbro: “I have given the SHY CTO a robust plan, GDD document for them to execute in hopes of gaining marketshare from Hasbro! Details in my last Space.”

He concluded by reaffirming his commitment to the project’s core tokens—SHIB, BONE, LEASH, and TREAT—and describing the future announcement as “the biggest announcement I’ve ever given.”

Though no official date or partner name has been disclosed, Shytoshi Kusama’s statements convey a strong belief in the importance of forming credible alliances to sustain Shiba Inu’s momentum. For the Shiba Inu community, all eyes are now set on the forthcoming partnership reveal.

At press time, SHIB traded at $0.00001834.

Отдел экономических и финансовых преступлений парижской прокуратуры (JUNALCO) начал расследовать деятельность крупнейшей криптобиржи мира Binance. Французские правоохранители подозревают компанию в нарушении сразу нескольких законов.

With the new pro-crypto administration in office, the industry is starting to see the long-awaited change of approach regarding regulations and measures to develop the sector. Following the announcement of the first crypto-related US Senate banking subcommittee, Senator Cynthia Lummis revealed the digital assets “dream team.”

A Bipartisan Digital Assets Subcommittee

On Monday, US Senator Cynthia Lummis announced the members of the recently formed Senate Baking Subcommittee of Digital Assets, equally composed of four lawmakers from the Democratic party and four from the Republican party.

Senator Lummis shared her excitement on X, calling the members “The digital asset dream team.” According to the post, the list includes Republican Senators Thom Tillis, Bill Hagerty, Dave McCormick, and Bernie Moreno; with Democratic Senators Ruben Gallego, Tina Smith, Mark Warner, and Chris Van Hollen also joining the subcommittee.

Last week, the US Senate Banking Committee, led by Senator Tim Scott, created the first-ever digital assets subcommittee, appointing pro-crypto Senator Lummis as the chairwoman.

The subcommittee will focus on passing bipartisan digital legislation “that promotes responsible innovation and protects consumers.” This includes market structure, stablecoins, and a Strategic Bitcoin Reserve (SBR).

Additionally, it will focus on conducting “robust oversight over Federal financial regulators to ensure those agencies are following the law” to prevent “Operation Chokepoint 2.0” from happening again.

After her appointment, Lummis stated she looked “forward to shepherding bipartisan legislation to President Trump’s desk this year that secures our financial future.”

Was The Pro-Crypto ‘A-Team’ Formed?

Despite some members expressing a pro-crypto stance, other subcommittee members have shared a less friendly view of the industry. Some community members expressed concern about these Senators, who criticized the industry over the years.

According to Super Political Action Committee (PAC) Stand With Crypto (SWC) rankings, Senators Smith, Warner, and Van Hollen are “strongly against” or “somewhat against” crypto.

Last year, the three Democratic Senators voted against overturning the Securities and Exchange Commission (SEC)’s Staff Accounting Bulletin 121 (SAB 121), previously deemed a regulatory overreach by the US watchdog.

For instance, in 2022, Smith joined Senators Elizabeth Warren and Richard Durbin in an open letter condemning Fidelity’s launch of a Bitcoin 401(k) retirement plan, calling BTC a “volatile, illiquid, and speculative asset.” Senators Smith and Van Hollen also co-sponsored Elizabeth Warren’s Digital Asset Anti-Money Laundering Act of 2023.

Nonetheless, it’s worth noting that five out of the eight subcommittee members “strongly support” or “somewhat support” the industry, according to the SWC ranking, and crypto PACs backed McCormick and Moreno during their campaigns.

The community received the subcommittee “Dream Team” news positively, some calling it “The A-team.” MicroStrategy’s founder, Michael Saylor, replied under the post, “The key to success is the right digital assets framework.”

The digital assets-dedicated subcommittee is expected to work towards a better, clearer, and more welcoming crypto regulation that balances innovation and oversight.

Опрошенные изданием The Block аналитики заявили, что прочность корреляции биткоина и акций фондового рынка оказалась подвержена внезапной и жесткой проверке. Причиной стали колебания на рынке, вызванные дешевым китайским ИИ-приложением DeepSeek.

Кандидат биологических наук, писательница Елена Головина объясняет главные тезисы проекта «ЭРА» и рассуждает, почему его реализация необходима не только России, но и всему миру Ведущий: Роман Шахов...

Управляющий Чешского национального банка (CNB) Алеш Михл (Aleš Michl) собрался предложить совету директоров ведомства план инвестиций бюджетных денег в биткоины. По мнению госбанкира, на криптовалюту можно потратить до 5% от суммы резервов ЦБ.

Криптовалютная биржа Crypto.com объявила об исключении из листинга в Европе стейблкоина USDТ, выпускаемого компанией Tether, и еще девяти криптоактивов, чтобы соблюсти Закон о регулировании криптовалют в Евросоюзе (MiCA).

Эксперты компании Bernstein сообщили, что после выборов президента США инвесторы признали необходимость активного участия на рынке биткоина, но ожидают новых правил регулирования отрасли.

Не успел Биткоин взять отметку 100 тыс (о чем тиражировали все мировые СМИ), как в ночь на 6 декабря была организована самая мощная ликвидация длинных позиций (более 0.5 млрд на всех деривативных площадках) с самым сильным движением за весь период торгов, взвешенных на объем. 

За 3 минуты с 1:27 МСК Биткоин рухнул на 8-10% (в зависимости от биржи) на рекордных оборотах. 

В этом году на Биткоине сопоставимые, но менее мощные (по объему торгов и скорости ликвидаций) движения были 5 августа. 

Ровно месяц прошел с начала самого мощного ралли на крипторынке в истории торгов. Вот ключевая статистика по собственным расчетам на основе данных торгов:

● Капитализация крипторынка на максимуме оценивается от 3.7 до 3.9 трлн долларов в зависимости от источника. CoinGecko и Cryprorank дают оценку ближе к 3.9 трлн, тогда как CoinMarketCap около 3.72 трлн. Все зависит от количества криптомусора, который включается в расчеты. 

● С минимумов 4-5 ноября до максимумов 5 декабря было создано свыше $1.5 трлн капитализации. 

До этого ралли с середины октября 2023 по 16 марта 2024 характеризовалось созданием свыше $1.7 трлн капитализации, но это заняло 5 месяцев в два захода (второй импульс был с 7 февраля по 16 марта).

Ранее бычий цикл был  с 20 июля по 10 ноября 2021 (3.5-4 месяца) с созданием более $1.8 трлн и формированием предыдущего исторического максимума, а до этого с середины октября 2020 по 12 мая 2021 было создано $2.2 трлн (почти полгода). Больше в истории крипты не было бычьих циклов более 1 трлн+.

Текущий импульс не является рекордным по объему создания «стоимости», но является рекордным по интенсивности. В 2021 несколько раз было генерировали плюс-минус около $1 трлн за 30 дней, в этом году в феврале-марте за 40 дней накрутили более $1.1 трлн. 

● Объемы торгов значительно превышают все то, что было раньше. За 30 дней на спот рынке оборот составил свыше $6.5 трлн в соответствии с данными CoinMarketCap, что в 3-4 раза превышает оборот за три месяца до начала раллирования, почти вдвое превышает пиковый оборот в начале года и в 1.3-1.4 раза больше до этого рекордных объемов за 30 дней в 2021.

Объем торгов на рынке деривативов стабильно превышает $1 трлн в день (точные данные сложно посчитать из-за низкого качества данных по многим операторам), а за 30 дней оценочный оборот на всех криптобиржах около $40-45 трлн, что примерно в 5-6 раз больше обычного!

● Tether напечатала более 16 млрд USDT с начала ноября – это самая быстрая эмиссия с 1П21. 

● Чистый приток во все ETF на Биткоин с 6 ноября по 4 декабря включительно составил $9 млрд. Заход ликвидности в ETF Биткоина начался с 11 октября – всего аккумулировали $14 млрд за это время и это больше, чем цикл накопления с начала января по середину марта ($12.5 млрд).

От момента внедрения ETF на Биткоин до 11 октября чистый приток составил 18.3 млрд, т.е. после 11 октября аккумулировали 44% от всех денежных потоков за год. 

● Общий объем ликвидаций позиций на всех биржах и на всех криптоактивах в сегменте деривативов без учета спота составил более $25 млрд за 30 дней (в 5-6 раз выше нормы) и это в 1.6 раза больше, чем напечатала Tether.

● Сентимент на крипторынке от наибольшей депрессивности с 2022 (особенно по альткоинам) в начале ноябре перешел в терминальную эйфорию на грани тотальной идиотии в начале декабря - так истерично с учетом открытого интереса было только три раза в истории: мар.24, ноя.21, май.21.

Наибольший импульс касался высоко-капитализированных крипто-активов (почти все обновили исторические максимумы), тогда как группа от 1 до 10 млрд по капитализации еще далека от максимума.

С учетом увеличения капитализации, роста открытого интереса, объема торгов и информационного вовлечения, - сейчас самый мощный выброс за всю историю крипто рынка.

Сущность крипторынка 

Думаю, многие не осознают или не до конца понимают, основной сущностью крипторынка является перераспределение ликвидности от лохов (широкого круга участников) к криптобиржам/организаторам инфраструктуры крипты, маркетмейкерам/провайдерам ликвидности, крупным участникам и эмитентам токенов. 

Уже перераспределили  более 25 млрд за месяц только на принудительных ликвидациях.

Крипторынок не создает внутренней экономической ценности (как, например, компания, производящая товары или услуги), и в целом не генерирует добавленную стоимость для экономики за исключением инфраструктуры, существующей, как «вещь в себе». 

Блокчейн технологий - это совсем другое (иная парадигма взаимодействия в цифровом мире), я же касаюсь крипто токенов и криптоактивов с рыночным ценообразованием.

Крипторынок – это своего рода глобальная децентрализованная сеть для замыкания и перераспределения избыточной ликвидности. Обороты торгов вполне показательны.

Концепция 24/7 без привязки к конкретной географической точке или нац.валюте создает условия для постоянного перелива капитала между разными участниками – цифровое казино.

В этом есть огромные плюсы – ни один актив в мире не имеет волатильности, которая вшита в крипторынок. Волатильность обусловлена отсутствием ценности плюс высокой маржинальной нагрузкой рынка, когда нет возможности для удержания позиций, что создает импульсы, тогда как триггеры обычно создаются экзогенными факторами, часто манипулятивными.

Участники рынка покупают и продают токены не для владения, а для попыток получения прибыли на курсовых разницах, чисто спекулятивная концепция, но в этом и заключается привлекательность крипты. 

Паттерны психологии и распределения ликвидности не меняются, поэтому принцип «Pump & Dump» является основным, когда после накопления происходит вынос, далее распределение и обратное движение. Так повторяется до бесконечности. 

Ценность крипторынка близка к нулю. Капитализацию почти в 4 трлн создает открытый интерес (фактически доступная и распределенная «живая» ликвидность в рынке широкого круга участников) + ожидания получения доходности. Это из области психологии денег. 

В отличие от традиционного бизнеса, где за акцией стоит поток товаров и услуг, прибыль, производственные мощности и бренд, большая часть криптомонет не предлагает ничего, кроме спекулятивной надежды.

Сам факт участия множества агентов создает фальшивое ощущение ценности. Это напоминает схему, где ценность есть функция количества верующих в неё, а не результат реальной хозяйственной деятельности плюс эффект ликвидности.

В реальной экономике при оценке стоимости активов есть множество инерционных показателей: объекты инфраструктуры, производственные линии, контракты, патенты, материальные ресурсы, человеческий капитал. Эти факторы не испарятся за ночь, и цена компаний/активов не может упасть до нуля, не учитывая их «базовую» полезность. 

В криптоиндустрии таких инерционных факторов обычно мало или они сомнительны. Проекты со скромной или неочевидной функциональной ценностью легко могут рухнуть почти до нуля просто из-за изменения настроений рынка.

Вторая сущность рынка – инфраструктурная. Децентрализованные финансы и транзакционные операции вне контура традиционных финансов, минимизируя цепочку посредников и регуляторов. 

По сути, крипта нужна для обхода санкций, нелегальных и теневых операций и для проектов, которые не могут быть запущены в рамках традиционного фиатного контура. 

В обычной жизни почти нет сценариев использования крипты, есть только вы не в стране, обложенной санкциями и изолированной от международного рынка капитала. 

Есть стейблкоины для упрощения расчетов и консолидации ликвидности, есть токены инфраструктурных протоколов (например, Ethereum, Solana, AVAX), где взымаются комиссии за транзакции, а есть токены децентрализованных финансовых (DeFi) протоколов, где возможны операции кредитования/фондирования вне контура финансовой системы. Плюс всякая ерунда типа NFT или Utility Tokens.

Но зачем США взялись за крипту? В следующем материале…