SEC Ends Gemini & Uniswap & Consensys & OpenSea & Robinhood & Justin Sun Investigations
Basically every single lawsuit issued by the SEC's strategy of regulation by enforcement is being rolled back. Obviously we'd like to see Justin Sun get dragged under the bus more but it is what it is. Even though I don't agree with it: there's still a reason why everyone is saying this is "crime season". The false notion that somehow a punishment coming down the pipe years later is going to somehow deter criminals in this industry isn't really a theory that meshes with reality, but go nuts King.
Blackrock adds iBit ETF to index funds
These ETF providers are slowly and surely increasing their own exposure to Bitcoin in addition to their clients. Just recently Blackrock added like 1% or 2% to some such more aggressive fund.
The world's largest asset manager is adding a 1% to 2% IBIT share to its target allotment for Target Allocation with Alternatives and the Target Allocation with Alternatives Tax-Aware portfolios, which are aimed at investors with higher risk tolerance.
Expect this to be a running theme.
Bitcoin will continue to outperform and they'll just keep adding it to more and more things. I wonder if adding Bitcoin to the more risk-averse funds will be some kind of top signal. I guess we'll find out.
https://x.com/BTCGandalf/status/1896229529695482215
https://x.com/americanhodl8/status/1896227805920416071
https://x.com/CSBastiat/status/1896227276599242946
https://x.com/w_s_bitcoin/status/1896330878680461529
https://x.com/AutisticHODL/status/1896322425543123109
https://x.com/TheDesertLynx/status/1896233271446634838
Maximalists all collectively losing their shit.
Trump announced that the crypto strategic reserve would include all the worst tokens. Literally the worst in my opinion. XRP and ADA are by far my least favorite assets. SOL is also quite bad but I'm slowly warming up to it and own 2 SOL from when I was trading MOODENG memecoin as a joke. Still, all of these projects are centralized dogshit in my humble opinion and USA should just stick to Bitcoin (for now).
It's funny that the maximalists and I agree on this: there's no excuse for the strategic reserve to include anything other than BTC. Unless of course they are going to manipulate the markets and insider trade that manipulation. Yesterday a mystery whale went x50 long with like $100M right before that huge pump and announcement. Kinda seems like crime season really is a thing, amirite? Business as usual to be honest.
LINK shilling?
Randomly saw this on my timeline an hour ago. LINK is the only asset that is in the Coinbase index, made in USA, purchased by Trump, and in the Grayscale trust. Of course I think the point of this Tweet was supposed to be to look at assets in the "made in USA" category but it does look quite good for LINK. Personally I don't know how to feel about CHAINLINK because their oracle system is a little dubious and built on a house of cards a bit, but I do like seeing 2018 ICO coins catching a bid. It's a good reminder that not everything we create around here is complete bullshit.
https://www.dailystar.co.uk/news/us-news/streamer-amouranth-covered-blood-after-34784758
https://www.the-sun.com/news/13670521/amouranth-twitter-twitch-streamer-home-robbery/
'NOT A PRANK' Twitch streamer Amouranth posts plea for help during terrifying ‘home invasion’ that left her ‘covered in blood’
Softsore sexworker, cosplayer, and Twitch streamer Amouranth was allegedly the victim of a home invasion in which the perpetrators demand she hand over her $20M in Bitcoin she was flaunting on stream. Instead of unlocking her wallet on her phone she apparently was begging for help on social media... which is wild to me that an attacker wouldn't be watching what she was doing.
She claims to have been pistol whipped in the head and was "covered in blood" but "not all the blood was her own" and claimed to have shot one of the attackers, which is also a pretty wild claim.
https://x.com/Amouranth/status/1896600968797561248
The video shows 3 masked attackers following Amouranth who is trying to get inside the house as quickly as possible; presumably to arm herself. She claims to have been pistol whipped and beaten before this. It's unclear when she would of had the chance to open her phone and Tweet shit considering how fast all of this seemed to go down. Could be a stunt but something like this would be hard to fake for long.
She also makes weird claims like she was "dragged out of bed" but also that the attackers drove in behind her as she was coming home through her gate. All around a pretty weird story I expect to have it debunked or confirmed in short order.
Of course many are lining up to blame the victim because she posted her wallet publicly. In fact when I pointed out we shouldn't blame the victim I was called a cuck by some random incel as if I wouldn't have said the exact same thing about a man. Shows you how much hate goes out to sex workers (no surprises there).
Point here being that everyone is a target and the people saying we should have better security don't have very good security themselves. The answer here isn't to hide who owns what it should be flooding the entire ecosystem with misinformation so that criminals don't know what's real. It also helps that almost every time this happens the criminals don't seem to get away with it... in this case one of them was even shot by the victim allegedly.
Bitcoin itself finds itself firmly still in the downtrend even after the biggest daily candle we've seen since the November rally skyrocketed us into the $100k zone. Personally I believe we probably did not spend enough time in the liquidity gap to truly fill it and sort of expect a return to $77k. That being said if we get $77k I'm going to be very confident with long bidding aggressively. There's also the chance that we are in such an easy-mode position that this was all just a total psychout and we move above $100k in short order. I have no active bets open at the moment.
The next full moon on March 14th is also a blood moon eclipse so if we happened to be blessed with a dump on that day I will consider it free money. I've made a lot of money trading on favorable moon cycles so I'll keep you guys clued in if I think it gives us a good entry.
Conclusion
A lot of crazy stuff has been going down in crypto land.
HODL on for dear life, methinks.