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Kashan Gatewood

@gorrilladiesel

64 Following
11 Followers
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
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Kashan Gatewood
@gorrilladiesel
Understanding the iShares Bitcoin Trust and Hard Forks A recent highlight from Wolf_Financial on X sheds light on an intriguing aspect of the #SEC filing prospectus for BlackRock's iShares Bitcoin Trust: its approach to #Bitcoin hard forks. šŸ” Key points: 1ļøāƒ£ If a hard fork occurs, the version of Bitcoin supported by the trust is determined by the sponsor (BlackRock). 2ļøāƒ£ The prospectus acknowledges BlackRockā€™s fiduciary duty to maximize profits for its clients. This raises an important question: Why would BlackRock support a less valuable fork? Choosing the dominant, more profitable chain aligns with their profit-driven mandate. šŸ’­ Takeaway for $IBIT investors: This clause could simply be a precautionary disclosure, but itā€™s a reminder of how centralized decision-making can impact ETFs. While BlackRockā€™s decisions may prioritize profitability, it underscores the potential for divergence between retail Bitcoin holders and institutional vehicles. #Crypto #BitcoinETF
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
El Salvadorā€™s National #Bitcoin Office: Achievements in 2024 El Salvador's National Bitcoin Office achieved: - Established the worldā€™s first Bitcoin Strategic Reserve. - Accumulated 6,000 BTC, ranking among the top 6 global holders. - Certified 80,000 public servants in a record 3-day Bitcoin course. - Expanded the CUBO+ developer program, adding AI and robotics education to empower the next generation. - Led global Bitcoin conferences and forged groundbreaking partnerships. 2025? Just getting started. #Bitcoin #Crypto #Innovation
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Kashan Gatewood
@gorrilladiesel
Jan3 Secures $5M Funding to Advance Bitcoin Adoption Bitcoin technology company Jan3 has raised $5 million in a new funding round to enhance the development of its Aqua wallet, a streamlined Bitcoin and Lightning Network wallet designed to promote accessibility and adoption. In addition, Jan3 has committed $1 million to establish its own Bitcoin treasury, further solidifying its dedication to the Bitcoin ecosystem. #Bitcoin #CryptoNews #Blockchain
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Kashan Gatewood
@gorrilladiesel
Bank Reserves Hit Lowest Levels Since 2020 Amid Fedā€™s QT Bank reserves plummeted by $326 billion in the week ending January 1st, dropping to $2.9 trillionā€”the lowest level since October 2020. This marks the largest weekly decline since April 2022. Reserves have now declined by $1.3 trillion since their September 2021 peak. The Fed estimates that the "ample reserves" needed for smooth financial markets range between $2.8 and $3.4 trillion, with Wall Street strategists suggesting a more comfortable range of $3.0-$3.3 trillion. Meanwhile, the Fedā€™s ongoing quantitative tightening (QT) policy, shrinking its balance sheet by $60 billion monthly, continues to push reserves lower. As reserves approach the lower end of "ample" levels, questions arise about potential market impacts. Could the tightening liquidity challenge financial stability in the months ahead? #BankReserves #FederalReserve #QuantitativeTightening #Finance
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Kashan Gatewood
@gorrilladiesel
Sui Network Surges: Key Milestones Achieved Sui ($SUI) experienced an impressive 20% surge today, accompanied by a remarkable 30% gain for @deepbookonsui. The network has achieved a significant milestone, with its Total Value Locked (TVL) soaring to $2.27 billionā€”a 16% increase in the past 30 days. This rally is driven by major announcements, including: - Integration with Backpack: A leading exchange and wallet platform, enhancing accessibility and usability. - Record DEX Volume: Sui's decentralized exchange activity has reached new highs, further bolstering investor confidence. With these developments, Sui continues to cement its position as a key player in the blockchain space. #Sui #Blockchain #Crypto
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Kashan Gatewood
@gorrilladiesel
FTX has announced that its reorganization plan is officially effective as of today. Customers who submitted claims via the official website may soon see progress, as the first group of reimbursements is expected within the next 60 days. This marks a significant step forward in resolving one of the most high-profile collapses in crypto history. If you're an affected customer, ensure your claim status is up-to-date to avoid delays. Stay informed, and letā€™s hope this sets a precedent for accountability in the industry. #CryptoNews #FTX #Reorganization
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Kashan Gatewood
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Kashan Gatewood
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Kashan Gatewood
@gorrilladiesel
Morgan Stanleyā€™s E-Trade, managing a whopping $1.5 trillion in assets, is exploring the addition of #Bitcoin and other crypto products to its platform. This move reflects the growing maturity of the regulatory landscape and the undeniable demand for digital assets.
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Kashan Gatewood
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The Sui blockchain achieved a major milestone in 2024, with its decentralized exchanges (DEXs) recording over $42 billion in trading volume. Impressively, Cetus, a leading DEX on Sui, contributed a staggering $27.4 billion, accounting for nearly 65% of the total.
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Kashan Gatewood
@gorrilladiesel
Hong Kong-based Yuxing Technologies has announced the acquisition of 78.2 BTC for $6.3 million. #Bitcoin #CryptoNews #InstitutionalAdoption #BTC
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Kashan Gatewood
@gorrilladiesel
After seeing its first-ever decline, the number of operational Bitcoin ATMs surged by 8% in 2024, reaching 38,744 worldwide. This rebound highlights the growing demand for convenient access to cryptocurrency and reinforces Bitcoin's role as a global financial asset. #Bitcoin #Cryptocurrency #Blockchain #Fintech #FinancialInclusion
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Kashan Gatewood
@gorrilladiesel
VanEck's Head of Digital Assets Research has revealed that the company holds 9% of its own Bitcoin ETF shares outstanding. Additionally, VanEck has safeguarded even more Bitcoin in cold storage. This highlights VanEckā€™s long-term bullish stance on Bitcoin and its belief in the assetā€™s potential as a store of value. Such a move also reinforces the growing institutional trust in Bitcoin amid a maturing market. #Bitcoin #VanEck #Crypto #DigitalAssets #WealthPreservation
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
Bitcoin kicked off 2024 with a market cap of $850 billion and has been on a historic run ever since. This month, it briefly surpassed the $2 trillion milestone, solidifying its position as a dominant force in the financial world. Currently settling at $1.86 trillion.
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Kashan Gatewood
@gorrilladiesel
Historically, Bitcoin bear markets tend to begin when the monthly RSI (Relative Strength Index) hits 92. However, according to analyst Ali Martinez, Bitcoin's RSI currently hovers around 75 ā€” suggesting there might still be room for upward momentum. While this isn't a guarantee, it aligns with Bitcoin's cyclical nature. Traders and investors should stay vigilant, as understanding these metrics can help navigate market trends more effectively. #CryptoMarkets #BTC #BitcoinAnalysis
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Kashan Gatewood
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