Paper Bitcoin Summer 2.0 Alert:
CFTC approves first-ever cash-settled Bitcoin perpetual futures on a US-regulated exchange.
Now a 3% wiggle in price can turn into an instant margin call! Yay!
Paper Bitcoin Summer 2.0 Alert!
"$10.6B in Bitcoin options expired June 26 — ~80% out-of-the-money, max pain at $74K (~14% above spot)."
Ok. Whatever. Wall street sucks.
Breaking: SEC's generic ETF listing standards slash approval time to ≤75 days. New rules let qualifying crypto ETPs launch without case-by-case review.
Expect more Paper Bitcoin and more "leveraged liquidations" during the heat of Paper Bitcoin Summer 2.0.
#Bitcoin #PaperBitcoin #BTC
Full text of Strategic Bitcoin Reserve bill published and, wow, it has proof-of-reserves. Prediction: nothing will happen or proof of reserves will be redacted. #bitcoin #btc
CLARITY Act now eligible for full Senate floor vote, BTC moves down...and the senate promptly goes on vacation. You can't make this crap up. Paper Bitcoin Summer resumes with Strategy absolutely cratering. Happy Thursday. #BTC #bitcoin
I meet way too many people that are "into bitcoin" or "own some bitcoin" but don't have the faintest clue about what self-custody is or how it works. Something got lost in the signal. #bitcoin #btc