In my personal opinion, with every new trend emerging, the big players will actively push funds into it.

The National Pension Service's $19.9 million investment in Coinbase shares represents a notable shift in traditional institutional attitudes towards cryptocurrencies. The move could be indicative of a broader trend where major financial players are recognizing the value and potential of the crypto market. However, the influence of short-term market factors should be considered, and it remains essential to monitor how institutions like NPS navigate the inherent volatility and risks associated with the crypto space.

Research and analysis are an important part of cryptocurrency investment. You should explore and research tokens like OTACON, WMC, GEKKO, MEGABOT, and NITRO on BitgetSwap, considering factors such as potential, project goals, #DevelopmentTeam , and market evaluation before making a decision

I've heard that this project has organized quite a few events to promote the brand. This could also be a good investment opportunity, but their products are not yet complete and only have swap v2 functionality.

Right after Ethereum experienced a surge on August 29, a large investor purchased 8,000 ETH at a price of $1,709, investing a total of 13.66 million USDC. As of the time of writing, the value of ETH continues to climb, with its trading price hovering around $1,740.

There is potential for further price increases in the upcoming trading sessions due to a shift in trader sentiment following a positive appellate court decision in the legal battle between Grayscale, the issuer of various trusts including the Bitcoin Trust, and the United States Securities and Exchange Commission (SEC).

The Key Factor from Grayscale
The Court of Appeals for the District of Columbia in the United States criticized the SEC for not permitting Grayscale to convert the substantial amount of over-the-counter (OTC) Bitcoin Trust into a Bitcoin spot Exchange-Traded Fund (ETF). While the SEC has already given the green light to a Bitcoin Futures ETF that doesn't directly mirror Bitcoin's price movement.

Grayscale argues that the measures implemented to ensure the accuracy of aggregated prices for the Bitcoin index, used as a basis for the Bitcoin Futures ETF, are secure. Therefore, these same measures could ensure the reliability of data streams used for a Bitcoin spot ETF.

Grayscale further emphasizes that their surveillance sharing agreements with the Chicago Mercantile Exchange (CME) should effectively detect and eliminate any attempts to manipulate Bitcoin prices.

Will the SEC Approve an Ethereum Futures ETF?
Following this development, it's probable that the SEC will grant approval for a Bitcoin spot ETF in the upcoming months. However, this is not guaranteed, as the asset management company still needs to navigate a process overseen by the regulatory body.

It's important to note that this DOES NOT automatically imply that GBTC will instantly transform into an ETF. It merely indicates — as the court pointed out — that the SEC didn't adequately explain why it authorized Bitcoin futures ETPs but not Grayscale's proposed product.

Progress lies ahead...

Meanwhile, several firms have submitted applications for an Ethereum futures ETF. By early August, six entities, including Bitwise, VanEck, and Grayscale, had expressed their intention to offer these products to investors. Nevertheless, the SEC has not yet granted approval for any Ethereum futures ETF.

It remains uncertain whether the SEC will decide to allow trading of an Ethereum derivative in the current year. However, if the regulator approves all applications and gives the go-ahead based on their submission dates, the Volatility Shares Ethereum futures ETF could potentially become available as early as October 12.

At present, Bitcoin's price is on an upward trajectory after finding support at approximately $25,800. This uptrend in BTC prices has had a positive impact on altcoins, with Ethereum showing strength and breaking out. Analyzing the candlestick pattern on the daily chart, ETH prices have breached the resistance level of $1,700 from the previous week.



The price surge of ETH as of August 29 is accompanied by increased trading volumes, and the breakout bar is notably extensive. This could suggest that there is active engagement from ETH buyers, potentially driving the coin's value even higher in the coming days. Considering the price action, the significant investor purchased ETH around the breakout point of $1,700 and is currently in a profitable position.

Quote from: samanx82hhy on July 31, 2023, 01:21:18 PM

Baka casino is also building a diverse ecosystem with many applications and platforms for players to participate in online gambling. We don't just stop at gambling, but also offer many other features such as bonuses, shopping, and charitable donations.

But dogecoin has a long history and is well known. Elon musk is not the only one to support it, many celebrities and businesses have also shown interest in dogecoin

Baka casino is creating a connection with the community by integrating bakac into social activities, utilities, and online entertainment. This enhances the value of bakac and attracts new players to join the project.

Quote from: I Am Gruut on July 25, 2023, 05:37:16 PM

Quote from: Dont Give Me Hope on July 25, 2023, 05:36:21 PM

I still don't trust this project

Everyone has their own perspective and needs to evaluate carefully before making an investment decision.

Right, I agree with E's opinion. Thorough consideration is necessary before investing in any project.

Of course, don't glance at the risks when investing in cryptocurrencies.

Quote from: I Am Gruut on July 25, 2023, 04:52:10 PM

Quote from: Dont Give Me Hope on July 25, 2023, 04:49:48 PM

I agree with u, it's just another meme project with nothing special.

Hold on, this project has focused on building a community using memes, which could attract many users.

That's right, creating a community can definitely help the project grow stronger.

But I don't believe that memes can make a difference in a project like this.