Moonbags Markets

JUST IN: $4.5 trillion asset manager Fidelity files S-1 form for Spot Ethereum ETF with staking included. @WatcherGuru

Due to fears of eth etf not passing and now the judge of CB trial opening the window for staking being a security This will also not be great for pos chains

Think the coinbase news is gonna make btc more attractive

Eth/btc looking weaker and weaker

Back above 70k Shorts rinsed

Fuel for chopping

Why are these headlines so different? Lol Nothing burger, this will still go to trial to fight over the claims not dismissed

US judge allows SEC claims that Coinbase failed to register as securities business, dismisses SEC claim that Coinbase acted as unregistered broker via wallet application; SEC to continue with its case against Coinbase — link

🍿⚖ #COIN Judge's ruling: Coinbase operates as an exchange, as a broker, and as a clearing agency in accordance with federal securities laws and through its Staking Program, engages in the unregistered offer and sale of securities.

Blast chain is already a disaster

70k proving once again to be resistance

Bullish

Hong Kong likely to allow in-kind creations for spot Bitcoin ETFs — link | tl;dr

Started pessimistic but becoming optimistic Ofc its just the weekend so everything can change very quickly lol

Will see what happens tomorrow but this is a clear chopping market

It looks like the market is about to dump hard.