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Investment company ARK Invest, led by Kathy Wood, has applied to launch a spot Ethereum ETF, which is based on the regular price of ETH.

Earlier in the second half of August, many giants like VanEck and Bitwise also submitted similar applications, but they were talking about futures ETFs.

So a new trend is already emerging.
Altcoin Season Index 33
Exclusive Opportunity for Visionary Investors!

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World economy in one infographic 👆

China ranks second after the United States, but there is more and more talk that the rapid growth of the Celestial Empire is declining, and they will never come out on top 🧐
List of the largest airdrops in history

By participating in each of them with only one wallet, you could earn almost $100,000. But no one is stopping you from creating a lot more of them. Those who still do not participate in this topic are missing out on a lot.
Bets on drop distribution from LayerZero 🤔

An event was created on Polymarket with forecasts regarding a possible drop from LayerZero.

The essence of this event is simple: if LayerZero holds a drop before October 31, 2023, then all those who predicted a positive outcome will be able to earn money.

Otherwise, participants who bet that the drop will not take place until October 31, 2023 will receive their winnings.

Do you think LayerZero will distribute token drops before October 31st?
According to the Santiment platform, large Bitcoin investors continue to accumulate cryptocurrency. In particular, owners of wallets with between 10 and 10 thousand BTC now store 13.03 million bitcoins.

This is the highest result in 2023, indicating clear investor confidence in the future of digital assets.
The first day of trading in Ethereum ETF futures in the United States ended with a transaction volume of the equivalent of $2 million. This is a good result overall, but it doesn't compare to the first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO).

It launched in the fall of 2021 and generated nearly a billion dollars in trading on its first day. This means that the current ETH figure is only 0.19 percent of the BITO result.
BTC market share is preparing to update its local maximum 👆

An increase in the BTC share does not necessarily mean an increase in value; the first cryptocurrency can take over the market, falling in price more slowly than altcoins.

Also now everyone is discussing the local minimum of ETH to BTC. A rebound of this level will give a signal for a local season of altcoins, but its breakdown can send the top 2 cryptocurrencies below $1k 🤔
The number of addresses with a non-zero balance in the Ethereum network has exceeded 100 million units. Accordingly, there are more and more users of the Eth blockchain - and this is good news.

Here is a confirmation chart from IntoTheBlock representatives.
Top 50 companies in the world by capitalization 💰

The first five are: Apple, Microsoft, Saudi Aramco, Alphabet and Amazon.

2nd and 4th places from this list will show the report for the third quarter today 🤔
MVRV Z-Score or where is the peak and bottom of Bitcoin 🙄

MVRV Z-Score is an on-chain indicator that shows how much Bitcoin is undervalued or overvalued relative to its “fair value”.

This is an improved version of the MVRV indicator, which shows the ratio of market capitalization to realized (the number of BTC coins multiplied by their price at the time of the last transaction). And the Z-Score determines how strong the deviation between these indicators is.

As you can see on the chart, the indicator perfectly shows the peaks of the BTC market cycle (yellow line in the red zone) and the best time to buy at the bottom (yellow line in the green zone) 🤯
World government debt is around $225 trillion and has been growing strongly since 1997 👀

Judging by the change in the trajectory of the global government debt graph, the next step is vertical growth

It is obvious what will happen to fiat in such a case, and what will happen to assets with limited issuance 🥇
2024/06/01 12:43:48
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