Crypto News: Bitcoin, ETH Issues, Macro, WBTC FUD, Memecoins, HNT & MORE!
Published: 2024-08-19
Status:
Available
|
Analyzed
Published: 2024-08-19
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Goldman Sachs reduced the chance of a US recession in the next year from 20% to 15%, potentially aligning stars for a Fed pivot and interest rate cut in September, with talk of a 50 basis point reduction.
"all of these fact together um led Goldman Sachs for example to say that they reduced their chance of a US recession in the next year from 20% to 15% and of course this means all stars are aligned potentially for a Fed pivot uh in September which we all looking forward to that is what we all want isn't it Fed finally to Pivot to cut interest rates there's talk of them maybe cutting as much as 50 basis points"
Pending
The market probability suggests a 70% chance of a 25 basis point interest rate cut by the Federal Reserve.
"so the market thinks that the FED is more than likely to be at 70% chance of uh 25 basis point cut yeah"
Pending
If current trends continue, by the end of the year, the cumulative reduction in Ethereum's supply since the merge will have been inflated away due to a low burn rate.
"we will by the end of the year have you know inflated away the reduction we'd seen the cumulative reduction we'd seen since the merge"
Pending
The proliferation of Ethereum Layer 2 solutions is atomizing liquidity, leading to a debate between monolithic chains like Solana and Ethereum's fragmented Layer 2 ecosystem.
"it's hard to keep track of of just how many are hitting the market and it's atomizing liquidity across all of these different layer too so it's this whole argument of you know monolithic singular monolithic chain like salana versus ethereum with all these different later toos"
Pending
Historically, when Ethereum's burn rate has been this low and sentiment has been low, a mini altcoin season has followed, typically starting in October and lasting until spring.
"the last time the eth burn rate was this low back in October last year um and sentiment around ethereum was pretty low then we then went on to have a kind of mini Al season if you like really sort of kicked off from October you know through until about sort of um the spring you know March April of this year"
Pending
Marathon Digital's confidence in taking on significant debt to buy more Bitcoin suggests that major mining companies are performing very well.
"the fact that a Bitcoin miner like Marathon digital is confident enough to take on this enormous amount of debt in order to go into the market and buy more Bitcoin that suggests to me that some miners I.E the big guys are doing really really well"
Pending
The trend of large mining companies like Marathon digital taking on debt to acquire Bitcoin might indicate increased centralization in the Bitcoin mining sector.
"could this could this be pointing towards increased centralization in the Bitcoin mining space"
Pending
MicroStrategy plans to issue another $500 million note to further increase its Bitcoin holdings, effectively transforming its B2B software company into a major Bitcoin hedge fund.
"they issued um a 500 million $500 million they want to issue a $500 million note as well um which will allow m s sailor to buy some more Bitcoin for micro strategy just further turning his his comp his B2B software company into the world's biggest Bitcoin hedge fund"
Pending
An application has been filed for a leveraged ETF focused on MicroStrategy stock.
"there is an application for a micro strategy focused ETF has been filed not just an ETF a leveraged ETF a micro strategy stock yeah wow yeah so that's been filed as well"
Pending
Institutional investors' share of Bitcoin ETF holdings has increased from 6% in Q1 2024 to 9% in Q2 2024, indicating a gradual DCA strategy into these ETFs.
"from q1 in 2024 q1 this year to Q2 we went from institutional share of the ETFs was holders ETF shareholders was 6% in q1 it's now at 9% in Q2 so it's just creeping up institutional institutions slowly DCA into Bitcoin ETFs"
Pending
Central banks will be permitted to hold cryptocurrency on their balance sheets starting January 1, 2025.
"January the 1st 2025 central banks will be allowed to hold crypto on their balance sheets"
Pending
Bhutan is actively mining Bitcoin, utilizing its abundant hydropower resources.
"Bhutan is actually mining the they're mining Bitcoin because they've got a whole load of hydro power there interesting and they're using it to M Bitcoin"
Pending
Since June, Bitcoin has absorbed over $1 billion in supply from 'The Four Horsemen': Germany, Gaw, Genesis, and the US government.
"BTC has survived an absolute onsa onslaught of supplies since June to the tune of1 billion and she calls them The Four Horsemen Germany Gaw Genesis and the US government"
Pending
The meme coin market appears to be becoming oversaturated, and its competitive nature is starting to fatigue participants.
"there def there definitely seems to be a sense that the meme coin Market is getting oversaturated the the whole sort of PVP nature of it is beginning to is beginning to wear people out"
Pending
Statistics on Solana-based meme coin launches indicate that 60% of participants lost money, 4.7% made nothing, and only 0.5% earned over $10,000.
"60% lost money so even if you at the casino and you're playing like even odds in a game right rette you still got more chance I mean 4.7 made no money um only 0.5% made more than $10,000"
Pending
The custody arrangement for WBTC now involves Bit Global and BitGo US entities, a significant shift for BitGo, which was previously a target for acquisition.
"bit go the bit Global will hold another and then bit go the US one will hold third but it's still yeah I mean it's it's interesting because you know this is now bitgo itself as a company you know two years ago they were potentially going to be acquired for billions wow by uh Galaxy digital"
Pending
Coinbase's potential CBTC product, built on Base, could overtake WBTC within six months, likely offering zero fees for minting and redemption.
"it will be zero fees to Mint and redeem because it's like on base I I do think that within six months or so if we do see um a CBBC launching it could overtake wbtc"
Pending
Movement of Bitcoin by the US Marshals Service has historically spooked the market.
"every time the US government I think it was the US Marshall service isn't it US Marshall yeah US Marshall service every time they're spotted moving Bitcoin around that is that is one of those things that can spook the market"
Pending
Analysis suggests that the Bitcoin being moved by the US government is almost certainly intended for sale, rather than just a custody arrangement.
"Scott Johnson suggesting that actually no this is this is not the case that Bitcoin is almost certainly going to be sold"
Pending
ThorChain's price increase is attributed to its integration with a cross-chain liquidity provider, Li.i, which aims to simplify Bitcoin swaps on EVM chains and potentially increase BTC adoption in DeFi.
"that seems to have pumped um because of an integration with lie.i a cross-chain liquidity provider um this is going to make Bitcoin swaps on evm chains easier um and it could according to crypto slate um make could lead to more adoption of BTC in defi"
Pending
Klaytn is set to rebrand to 'K' and is launching its mainnet soon, following an integration with Abu Dhabi Global Market (ADGM).
"Clayton is shortly rebranding to k um and they just announced an integration with Abu Dhabi Global Market adgm um and the main net is launching fairly soon"
Pending
Helium is experiencing adoption and usage, notably due to its recent partnership with T-Mobile.
"because it's one of these crypto projects that is actually seeing adoption and use there's the partnership with T-Mobile recently which is the one that has got everyone talking"
Pending
A proposal to deploy Aave version 3 on ZK-Sync, a Layer 2 solution, is expected to pass with minimal objections.
"there's a proposal to deploy RV version 3 on uh ZK-sync so another layer two um which is which is going to pass pretty easily seeing as no one has yet objected to it"
Pending
Phantom is undergoing a rebrand and will be known as Sonic.
"Phantom itself is also in the middle of a Rebrand it's rebranding to Sonic"
Pending
Approximately 9.5 million (2.41%) of Avalanche's total supply will be unlocked in 16 days.
"about 9.5 million or 2.41% of Supply coming or circular Supply coming on Avalanche okay in 16 days"
Pending
54 million (7%) of Pixeos supply will be released to the market in approximately 16 hours.
"we've got 54 million about 7% of pixel Supply it's going to be coming onto the market okay and then that's going to be in two where it close pretty soon 16 hours"
Pending
Less than 1% of Enso's circulating supply is scheduled to be unlocked soon.
"we got some Eno circula Supply being unlocked less than 1% less than 1% I think"
Pending
The speaker predicts that 'well-adjusted adults' with regular jobs and expenses will soon enter the market to trade digital commodities, advising patience for their arrival.
"retail is coming you know well adjusted adults with nine to- five jobs with monthly expenses and obligations they're coming to trade digital Commodities with us that's what they're going to do just be patient retailers on the way"
Pending
Arthur Hayes suggests that if the Bank of Japan and the Fed do not narrow the dollar-Yen interest rate differential, leverage will continue to build, potentially leading to Bitcoin pumps and a fiat system collapse.
"if the boj and fed won't allow the dollar Yen interest rate differential to narrow the market will continue to pile on Leverage Bitcoin pumps in Fiat system collapses or if more Li fat liquidity chases assets with fin out supplies yachy kiss kiss kiss kiss kiss bang"
Pending
BlackRock now holds more Ethereum than the Ethereum Foundation, raising concerns about centralization.
"black Croc has more eth than the ethereum foundation wow centralization much"
Pending
BlackRock has surpassed Grayscale in Ethereum ETF holdings for the first time, encompassing both its IBIT and ETHA ETFs.
"black rock overtakes grayscale yeah the first time yeah and that's just with its IET and ether and then this is ether ethereum ETF gray scales all of there their minis as well"
Pending
While Grayscale still has approximately $21 billion in ETF holdings, the shift towards cheaper ETF products suggests a potential normalization and slowdown in outflows.
"there's still about 21 billion to go on grayscale ETF Holdings but I think that it will kind of normalize eventually because the ETF minis have cheaper fees and stuff like that so they'll be able to they'll likely keep it in there but yeah it's a turning point"
Pending
The speaker suggests that Bitcoin's protocol may require further stress testing to ensure its immutability and freedom from potential state capture.
"Perhaps Perhaps the Bitcoin protocol needs further stress testing before we can be 100% confident that it really is immutable and and free from free from possible State capture capture"
Pending