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Kashan Gatewood

@gorrilladiesel

64 Following
34 Followers
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Kashan Gatewood
@gorrilladiesel
Bitcoin Overtakes Gold: A New Era in Asset Class Dominance In just 10 months, BlackRock’s Bitcoin ETF has achieved a staggering milestone, surpassing the net assets of its gold ETF to hit $33.2 billion. This marks a historic shift, as Bitcoin gains traction as an alternative asset to traditional stores of value like gold. The rapid growth highlights growing institutional confidence in Bitcoin, further validating its place in the financial world. As the landscape of wealth management evolves, Bitcoin’s climb could signal a new era for both cryptocurrency and digital asset investing.
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Kashan Gatewood
@gorrilladiesel
🟠 #Bitcoin priced in #Gold is still 23% away from its all-time high. This gap highlights the unique opportunity BTC offers even now, before FOMO kicks in at around $90K 😎 For investors looking at the bigger picture, BTC continues to show its strength against traditional stores of value. As global financial systems evolve, Bitcoin’s potential to outperform gold becomes more apparent, sparking curiosity about where it can go from here. #Crypto #BitcoinVsGold #BTC
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Kashan Gatewood
@gorrilladiesel
Today, the cryptocurrency market saw an explosive gain of over $200 billion! #Crypto #Blockchain #Investing #CryptoMarket #DigitalAssets
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Kashan Gatewood
@gorrilladiesel
🌍 VanEck Launches Europe's First Pyth ETN on Euronext Amsterdam and Paris! VanEck has introduced Europe’s inaugural Pyth ETN, listed on Euronext Amsterdam and Paris. This fully-backed ETN leverages the power of the Pyth Network—a decentralized oracle built on Solana, designed to provide secure, real-time data essential for DeFi and financial applications. Available across 15 countries, this move represents a significant step in advancing blockchain-based financial products in Europe. It’s exciting to see innovations like this bridge traditional finance and DeFi, offering investors new, secure access to blockchain-powered markets. #DeFi #Blockchain #VanEck #Pyth
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Kashan Gatewood
@gorrilladiesel
#Swift, #UBS, and #Chainlink have successfully completed a groundbreaking pilot project for tokenized fund settlements, marking a significant milestone in financial technology innovation. This collaboration highlights the power of blockchain and decentralized technology in modernizing traditional finance, creating a more efficient and transparent way to handle fund settlements. By bridging legacy systems with blockchain infrastructure, this pilot sets the stage for more streamlined and secure financial transactions on a global scale. The future of finance is being shaped by partnerships like these that embrace the transformative potential of tokenization.
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
Layer 2 Duds 📉 Despite a strong rally in the broader crypto market, major layer 2 tokens have struggled in 2024. Arbitrum has dropped 66%, Optimism is down 56%, Starknet has plummeted by 84%, and even the freshly-launched ZKsync is down 55%. What’s causing the decline? Thomas Bautista from GSR points to a big increase in circulating supply, putting sell pressure on these tokens. Ethereum has placed significant faith in layer 2 solutions, but it appears the market doesn’t have the same enthusiasm—yet. And with more token unlocks on the way, the selling may continue. Currently, over 40% of all Arbitrum tokens are circulating, 29% for OP, and just 19% for Starknet, hinting at even larger supply shocks to come.
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
📉 October Security Breach Alert: $129M in Losses Certik's latest report reveals that October saw $129 million in losses from various security incidents, highlighting a concerning trend in crypto vulnerabilities. This figure reflects hacks, scams, and other malicious activities, reminding us of the critical need for robust security measures. As crypto adoption grows, securing assets and ensuring trust across platforms is essential for the industry’s stability and longevity. Staying informed and proactive about security is key—whether you're a casual investor or a seasoned trader.
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Kashan Gatewood
@gorrilladiesel
"$13.2 billion Cantor Fitzgerald CEO just revealed he has hundreds of millions of dollars exposure to #Bitcoin – and he's aiming for billions. Are you paying attention? 🤔 This kind of commitment from high-level finance is no small endorsement. If major players are embracing the crypto space with serious capital, maybe it’s time to consider what they’re seeing. #Crypto #Bitcoin #InvestSmart"
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Kashan Gatewood
@gorrilladiesel
Think about it: Global debt levels are expected to explode worldwide. As countries continue to take on more debt to support growth, it’s crucial to ask – what will this mean for our future? Higher debt means increased financial strain, possibly impacting everything from interest rates to job security, and even everyday costs. How prepared are we to handle the long-term effects of such borrowing? It’s time to think about sustainable solutions that reduce reliance on debt and build a stronger financial foundation for everyone. #GlobalEconomy #DebtCrisis #FinancialFuture
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
📉 What Happened to the Market? Wall Street took a big hit Thursday as tech giants' earnings reports shook investor confidence, triggering sell-offs across the S&P 500 and Nasdaq Composite. This bearish momentum extended to crypto markets, where BTC dropped back to $70K and ETH fell over 5%. Why the downturn? Disappointing earnings can signal a cooling tech sector, affecting market sentiment broadly—especially when major players struggle. For crypto, it’s often a ripple effect: macro trends still hold strong sway as institutional investors adjust their portfolios. Stay tuned; market sentiment can be volatile, especially in times of uncertainty.
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Kashan Gatewood
@gorrilladiesel
"I believe this is the most important technical chart right now." The Dollar Index is at a critical juncture, currently retesting two major resistance levels simultaneously. This isn’t just a technical pattern; it’s a reflection of compelling macroeconomic dynamics. As inflation continues to run hot, the Fed faces an immense challenge: reducing interest rates faster than other central banks to address a rising debt-servicing burden. This setup could signify a historic peak in the Dollar Index, marking a pivotal moment in global markets.
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
THEY DID IT! 🤯 The Bitcoin ETFs just hit a HUGE milestone. Collectively, they now hold over 1 million Bitcoin! 😯 That’s an absolutely insane achievement, and it took them only 10 months. But wait, there’s more… BlackRock also recorded its largest-ever daily inflow with $872 million in a single day. Here's the breakdown from yesterday: 🥇 BlackRock IBIT: $872 million 🥈 Fidelity FBTC: $12.6 million 🥉 Grayscale BTC: $8 million That’s $1.76 billion in net inflows over the last two days alone. These numbers speak volumes about where the market’s sentiment is heading. With Bitcoin flirting with its all-time high, ETFs hoarding insane amounts of Bitcoin, and Saylor’s bold $42 billion capital raising plan, it’s hard not to be MEGA bullish for the short-term. 😎 Who else is excited about this massive adoption wave? #Bitcoin #ETF #Crypto #Investing #CryptoNews
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Kashan Gatewood
@gorrilladiesel
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Kashan Gatewood
@gorrilladiesel
📈 BTC Flirting with New Highs, But What About ETH? 🧵 Wednesday saw #Bitcoin inching toward $73K, a bullish move that’s undoubtedly exciting—but what does it mean for #Ethereum? While #ETH had a modest pump, it’s still lagging, sitting roughly 35% below its 2024 highs. With sentiment around ETH dampened since early August’s sell-off, there’s a looming question on traders' minds: Could ETH finally see an upswing post-election, especially if we enter a more startup-friendly era? A shift in the regulatory landscape, possibly without Gensler, might pave the way for innovation on Ethereum’s network—giving startups the flexibility they need to scale. A friendlier environment could reinvigorate the market and give ETH the boost it’s been waiting for. The potential is there, but we’ll see how things unfold! 🌐 #CryptoNews #Blockchain #BTC #Ethereum #MarketAnalysis
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Kashan Gatewood
@gorrilladiesel
See you in a year 😎
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Kashan Gatewood
@gorrilladiesel
#Bitcoin is now number #6
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