WGMI
$WGMI
5 Results
Core Scientific Looking for Expansion Opportunities, Philippines to Block Access to Binance
Following the worst week of ETF flows since inception, $BTC (+3.89%) is rebounding, rising to $69.6k, and $ETH (+4.09%) has reclaimed the $3,500 mark. Last weekâs outflows totaled $888 million, representing about a fifth of the inflows seen in the previous two weeks. $ONDO, an institutional RWA protocol, is one of the top performers today, rising 7.61% as investors remain optimistic about the future of tokenized assets and their ability...
FINAL THOUGHTS ON RIPPLE DECISION In June, we identified the Ripple case as a possible catalyst for altcoins, as indications of progress for the defendants surfaced. Just last week, Ripple achieved a partial victory, likely benefiting altcoins targeted by the SEC and potentially prompting a shift towards a more legislative approach rather than an enforcement-focused one. _Source: Reuters, Fundstrat_ The court ruled that Ripple Labs' transactions of $XRP to institutional...
THE PROBABILITY OF ETF APPROVAL As emphasized in previous notes, we view BlackRock's application for a spot ETF as substantial. Regardless of whether an actual spot ETF garners approval in the near term, its “narrative” significance is undeniable. _YET, OUR FUNDAMENTAL ASSUMPTION IS THAT THIS APPLICATION INDICATES NEW UNDISCLOSED INSIGHTS THAT LARRY FINK AND HIS COLLEAGUES ARE PRIVY TO, WHICH THE PUBLIC MAY NOT BE, AND THEIR APPLICATION WILL ULTIMATELY...
EARLY PROOF OF “CATCH-UP” TRADE Last week witnessed a significant development as traditional market participants, most notably BlackRock, entered the cryptocurrency space with a spot-based ETF application. This move not only carried implications for market structure but also sparked a noteworthy narrative shift. Despite Bitcoin's relative resilience to regulatory pressures compared to other cryptoassets, it still faced some performance drag. However, the entry of BlackRock, Citadel, and other prominent players...
