14 Jun 24
 14 Jun 24
 14 Jun 24

tl;dr

• Bitstamp, a cryptocurrency exchange, has delisted 7 tokens for US customers. This could be due to a notice from the SEC or other regulatory concerns. • Bitcoin pumped slightly after news leaked that a Bitcoin Spot ETF could be approved in 4-6 months. This news was not surprising to many, but it di...

1. Bitstamp caves and delists AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL for United States customers. This wreaks of bad news. Could it have been some kind of notice from the SEC? I am not sure, but come August 29th you will no longer be able to manage those assets on the platform if you are in the US. Mind you, I am keying in on a single one of those coins and it is MATIC. This would render Bitstamp useless to me.


2. If you are wondering why Bitcoin pumped a little, I may have something for you. Apparently, there was some leaked news about the timing of a Bitcoin Spot ETF being 4 - 6 months. It is not the news itself because a lot of us have the same kind of timing. It is where the news came from and supposedly it involved insiders from Invesco and BlackRock. There was also news from CryptoQuant saying institutions will be buying Bitcoin in late 2023. Frankly, to me, that is not news either since it coincides with what I have been saying. As well, there have been an uptick in OTC transactions.


3. Shibarium is coming next week along with other huge news from the SHIB Army. Have you been paying attention? Did you get in on the almost 20% move by SHIB in the past 7 days? How about the 30% move in the last 30 days? Next week is going to be quite telling, especially if they do launch their Layer 2. Things are about to be nuts.


4. Ethereum hit a major milestone. It now has over 100M addresses with at least some ETH in them. That is actually a big deal. Of course, there are many people with multiple wallets for various coins. However, this must also point to at least a certain amount of adoption. This is what I am focusing on.


5. Just when you might have thought the banking crisis has passed. Well, you would be wrong. Moody's has downgraded 10 banks, including Commerce Bancshares, BOK Financial Corporation, M&T Bank Corporation, Old National Bancorp, and Prosperity Bancshares. In another major move, they also flagged Bank of New York Mellon, US Bancorp, State Street, and Truist Financial as having the potential for future downgrades. The hit on the banking sector may have also added to Bitcoin's momentum.

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