Moonbags Markets

Tether and Circle are going to join S&P500 companies as some of the most profitable companies ever

The way out is via crypto

They are finally understanding

👀 Former Speaker of the House of Representatives Paul Ryan calls on the US to fight China with stablecoins. theblock.com

The US Federal Reserve and other central banks will probably be cutting rates this year into next Some thoughts going into this: 1) In the past, whenever a rate cutting cycle was imminent, the market pumped. This is where we are right now. We may or may not have fully priced this in yet. 2) After rates are cut, there may be a sell the news event which may take prices down heavily. I already see many people saying that rate cuts will bring the bear market. I do see this as a possibility but I also see what lower rates will do for the most legitimate use case of crypto, yield. 3) Money market deposits begin flowing out of T-Bills into markets once short term yields are no longer attractive 4) This money has potential to flow into riskier sectors, including Defi, which has been in a multi year bear market even with bitcoin pumping. Defi is currently suffering from the inability to deliver sustainable and impactful yields with very little inflow coming in due to a high rate environment which has given us high risk free yield. Once the tradfi market is hungry for yield again due to risk free yield dropping, I see Defi coming back to life. Those that already see this coming are loading up massive bags. These bags are multiple sizes larger than current deployments in this current alt market which has very little appeal to bigger players who have mostly stashed their funds in bitcoin and stables. 5) If Defi begins rising, this will coincidentally put crypto in a much healthier spot, allowing for a more circular economy and increased borrowing and lending which is the hallmark of a true bull market. It will also increase the stickiness of money to stay in crypto, especially on chain. 6) You will begin seeing other dead sectors rise as defi will power gambling into riskier and riskier plays. This includes eth staking, casino coins, gaming, nfts, layer 2s, AI, etc 7) Even memes will get bigger and more will appear than ever before as the stickiness of money will allow coins to have more sustained pumps and rotations in between 8) This will likely even buoy the ICO/VC market as people will begin looking for higher and higher returns 9) Unfortunately, we don't know when the fed will begin cutting rates. Those that are fudding people out right now before we even cut rates are going to get blindsided when things get going

Spot still slowly unloading

Perps running weekend price again lol

I do think this is a catalyst for ETH ofc but bots are already programmed to be bearish when ETH is strong

Not much pumping despite bulls on CT calling for bottom

Might be difficult cuz we have full moon tonight

I assume they can run it down one last leg to 62.5k before market puts in a nice bounce. Might get it in one shot this weekend if I am reading the tea leaves right. No guarantees I'm not the cartel.

El Salvador President Nayib Bukele has proposed setting up a private investment bank to provide financial services to Bitcoin investors and reduce the restrictions of traditional banks. The bank will allow investors to trade in both US dollars and Bitcoin and may become a digital asset and Bitcoin service provider. — link

Took a while for the market to realize. The game has been extracted to the point of -ev

Memes are likely toast

JUST IN: Spot Ethereum ETF projected to launch by July 2nd, Bloomberg ETF analyst says. @WatcherGuru