Block Earner Bulletin: "Follow the money"

Time and time again we learn that there was an institution buying the dip before the market recovers. It either means the market is self-fulfilling (institution buys, everybody thinks they know something so they also buy) or they actually know something. Morgan Stanley is the latest titanic institution to change their mind on crypto by pouring in ~AU$400m into BTC ETFs. What does that say to you? Does the guy on Twitter calling the end of the bull market or the company with 1000+ analysts and a bigger reputation than Jesus himself, have more to lose?

BTC is showing a lot of strength in the mid 100s but there is always the looming threat of geopolitical tensions. Especially with the recent summit in China that excluded the USA. As we know, risk-on assets react the fastest when there’s something in the air (like stealth bombers). ETH on the other hand is rubber banding sharply every time there is a correction, signalling major investor interest and making it the likely frontrunner if/when the market heats up again. Recently a BTC whale swapped over US$3bn BTC into ETH and is now staking it for ~$300k/day in validator rewards.

As always, here for you.

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The Trumps overall control just under a quarter of the roughly 100 billion WLFI coins that World Liberty Financial created last year, giving them claim to holdings worth roughly $5bn. "We're setting a new standard for financial freedom; built on trust, speed, and U.S. values," Eric Trump wrote on social media. "This is a huge moment for the future of money!" According to financial disclosures, Trump himself holds roughly 15.75 billion WLFI tokens worth more than $3.4bn, making crypto the most significant source of his fortune.

The New York-based firm, founded by Cameron and Tyler Winklevoss, plans to sell 16.67 million shares at a price range of $17 to $19, according to a press release. At the top of the range, Gemini would raise as much as $317 million. The company recently hired Goldman Sachs, Citigroup, Morgan Stanley and Cantor as lead book-runners.

The race to bring Solana exchange-traded funds (ETFs) to the U.S. market is gaining pace. Several leading asset managers have moved closer to launching Solana spot ETFs by submitting updated filings with regulators. Canary, Franklin, VanEck, Grayscale, 21Shares, Fidelity, and Bitwise all submitted their updated paperwork.This pattern of coordinated filings suggests that XRP and SOL are advancing through the same regulatory review stage.

Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.