The Wolf Of All Streets

“Everyone feared Saylor becoming a forced seller but when he actually sold, Bitcoin went up “This was arguably the biggest FUD in the market, Saylor becoming a forced seller. The narrative was he’s the only buyer, the buyer of last resort, then Bitcoin went up after he sold” “He’s shown that’s just not going to happen, and more importantly he’s shown he can’t really even buy right now, which is also not affecting the price” “To me, that’s more of a bottom signal””

“21Shares Co-founder Ophelia Snyder on why the push for neutral financial rails is bullish for Ethereum and Solana "On the alt side, America has been the provider of last resort for a lot of technology for the world, in defense, which everybody is talking about, but also in finance. Visa, Mastercard, American Express, Swift, these are American companies that provide the payments infrastructure for the world. The ECB came out saying this may actually be a national security risk" "You've seen things like the digital Euro, concerted projects toward building more locally grown infrastructure, not just in the military sector but also in finance. If you're going to do that, it's a really interesting opportunity for capital markets technology, capital markets infrastructure, and payments to move closer to neutral rails" "Because if not, you're either going to have multiple versions of proprietary tech operating, or maybe we end up in a world where even if people don't agree politically, they can use the same system, very similar to the internet. That's great positioning for something like Ethereum and Solana heading into the next five years"”

“21Shares Co-founder Ophelia Snyder on why the push for neutral financial rails is bullish for Ethereum and Solana "On the alt side, America has been the provider of last resort for a lot of technology for the world, in defense, which everybody is talking about, but also in finance. Visa, Mastercard, American Express, Swift, these are American companies that provide the payments infrastructure for the world. The ECB came out saying this may actually be a national security risk" "You've seen things like the digital Euro, concerted projects toward building more locally grown infrastructure, not just in the military sector but also in finance. If you're going to do that, it's a really interesting opportunity for capital markets technology, capital markets infrastructure, and payments to move closer to neutral rails" "Because if not, you're either going to have multiple versions of proprietary tech operating, or maybe we end up in a world where even if people don't agree politically, they can use the same system, very similar to the internet. That's great positioning for something like Ethereum and Solana heading into the next five years"”

“21Shares Co-founder Ophelia Snyder on how a reorganization of world trade away from the dollar could favor Bitcoin "On the Bitcoin side, you're seeing a rotation away from the dollar in reserve assets, that's why you're seeing growing stockpiles of gold. Something like 75% of central banks, per the World Gold Council, are planning on reducing dollar exposure" "As you shift what reserve assets are held, it opens the question, what makes a reserve asset? A lot of the dollar's role has to do with the petrodollar. There have been a couple of times in the Iran conflict where the idea of using Bitcoin to pay for oil has come up" "Increased gold holdings, some tapering in demand for treasuries, and that rotation away from the dollar, it's quite good positioning for Bitcoin as you head into a reorganization of world trade"”

“"Core Scientific spent roughly $12.2 million more mining Bitcoin than that mining generated in revenue" The Core Scientific numbers that show how hard pure Bitcoin mining has become "You can dive into the numbers. Look at the second quarter results from Core Scientific. Their total revenue was $164.2 million, and $136.7 of that came from AI and high density colocation, approximately 83% of their total revenues" "Bitcoin self mining revenue was $21.5 million, versus $136.7 on AI. The cost of that mining was $33.7 million" "It just shows how hard it is to be a pure Bitcoin miner in this industry, especially when prices are depressed"”

“Bitcoin Is Setting Up for $70K - But The Fed Could RUIN It https://t.co/OOnzxV1HYP”

“Bitcoin Is Setting Up for $70K - But The Fed Could RUIN It Discussing Live with @JSeyff @ 9 AM EST Live https://t.co/sMqTBwb2IY https://t.co/4K7F4tNoND”

“ETHEREUM $ETH LAYER 2 ECOSYSTEM TVL FALLS TO TWO-YEAR LOW”

“Blockchains are getting busier and cheaper while their tokens crash "There's a great report from Bitwise showing this strange phenomenon. Blockchain adoption is increasing massively, but the tokens are dumping to Hades. Eth, Sol and Avax each fell approximately 50% or more over the past year" "Ethereum transactions increased from 121 million to nearly 240 million, but revenue on that dropped 41%. That's because there's more blockspace now, it's become a commodity, and that's made transactions cheaper. So even on more transactions they're making far less money, which is actually very good for the consumer. Solana processed nearly record transaction volume while its network revenue declined, and Avalanche C-chain transactions roughly quadrupled to 236 million while revenue fell to approximately $330,000" "More transactions prove that people want the product, but they don't prove that the token captures the value, which has become a huge problem. The tokens are priced based on speculation from previous cycles, and even if their utility increases, maybe it doesn't justify the price they're trading at"”

“Blockchains are getting busier and cheaper while their tokens crash "There's a great report from Bitwise showing this strange phenomenon. Blockchain adoption is increasing massively, but the tokens are dumping to Hades. Eth, Sol and Avax each fell approximately 50% or more over the past year" "Ethereum transactions increased from 121 million to nearly 240 million, but revenue on that dropped 41%. That's because there's more blockspace now, it's become a commodity, and that's made transactions cheaper. So even on more transactions they're making far less money, which is actually very good for the consumer. Solana processed nearly record transaction volume while its network revenue declined, and Avalanche C-chain transactions roughly quadrupled to 236 million while revenue fell to approximately $330,000" "More transactions prove that people want the product, but they don't prove that the token captures the value, which has become a huge problem. The tokens are priced based on speculation from previous cycles, and even if their utility increases, maybe it doesn't justify the price they're trading at"”

“Bitcoin DROPS to $63K as the AI Trade Starts to Crack - Fed Next https://t.co/Weo7USmhiN”

“Bitcoin DROPS to $63K as the AI Trade Starts to Crack - Fed Next Discussing Live @ 9 AM EST https://t.co/WPwWTT7Aes https://t.co/uYa6q5Cabx”

“Scaramucci reveals the five tokens he's long right now "I'm doing this keep it simple stupid. I'm long Bitcoin, Avalanche, Solana, I own a little Telegram, and again mostly Bitcoin, some Ethereum. I own those five ecosystems, cryptocurrencies, tokens, whatever you want to call them" "I'm dabbling a little bit in the infrastructure. I had an early stage piece of Circle, which I still hold" "I'm betting that the cycle will move. The halving, you're over the two year mark now on the halving for Bitcoin"”

“Scaramucci reveals the five tokens he's long right now "I'm doing this keep it simple stupid. I'm long Bitcoin, Avalanche, Solana, I own a little Telegram, and again mostly Bitcoin, some Ethereum. I own those five ecosystems, cryptocurrencies, tokens, whatever you want to call them" "I'm dabbling a little bit in the infrastructure. I had an early stage piece of Circle, which I still hold" "I'm betting that the cycle will move. The halving, you're over the two year mark now on the halving for Bitcoin"”

“Scaramucci reveals the five tokens he's long right now "I'm doing this keep it simple stupid. I'm long Bitcoin, Avalanche, Solana, I own a little Telegram, and again mostly Bitcoin, some Ethereum. I own those five ecosystems, cryptocurrencies, tokens, whatever you want to call them" "I'm dabbling a little bit in the infrastructure. I had an early stage piece of Circle, which I still hold" "I'm betting that the cycle will move. The halving, you're over the two year mark now on the halving for Bitcoin"”