15 June, 2024

The news on ETH and BTC is being cynically managed by Wallstreet. First comes Gary Gensler's statement that the ETH ETF will be launched at the end of the summer and ETH is noticeably losing value, I come to the conclusion that it will take a lot of effort to make a strong information dump for ETH when the ETH ETF will not start trading until the end of the summer anyway.

Just after the close of US futures trading on the Chicago exchange (what else, just a coincidence). A Bloomberg analyst says he has inside information that the ETH ETF will launch on 02/07/2024.

ETH jumps a few percent and takes the rest of the market with it.

Now all the top products on the Ethereum network are rising with it: LIDO, PEPE, SSV, PEPE, UNI.

On the one hand, these are just the words of a Bloomberg journalist, but on the other hand, the length of the reaction to his insider information shows that the information is not out of the blue. And it's obvious how cynically planned this whole story is. Next week, some BlackRock will be saying that they are not aware of the 2nd of July and that the approval of their revised application is not until the end of the summer.

RWA storming out.

In the evening speeches by Fed members, I would note that they have started to mention recession. So far, the game has been unclear to me: announce a rate cut saying the market is strong, inflation is falling unconvincingly, and then scare investors with a recession. This year the Fed is even less clear and unpredictable to investors than last year. And last year was hard to top.

Forbes writes that former Binance CEO Changpeng Zhao (CZ) owns 64% of BNB. The main thing is that he doesn't lose it all in jail.

After a small correction, growth will continue. We can buy on corrections.

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