What’s next for Bitcoin, what’s the latest news with Solana and low-cap altcoins?
Today, with Bitcoin, there are 11 billion shorts waiting to be liquidated, if Bitcoin reaches 73,000 and the shorts being liquidated are bullish, which means that if Bitcoin bursts into the green and these shorts are liquidated, we explode even higher.
If Bitcoin trades below the red zone of 50, the longs of $9,000 get liquidated, removing the price, the leverage in the system is built.
As Bitcoin continues this summer, what comes next for Bitcoin, and what catalysts should we take a good look at institutional demand, for US Bitcoin ETFs, is entering its fifth consecutive day, of fifth negative day of exits.
For ETFs, American Bitcoin with $ 140 million released yesterday.
Now, let’s remember that this is a leakage indicator, it is not a leading indicator, it tells us what has already happened, also one of these days was a public holiday in the United States, so the ETFs were closed, although I don’t know why that day, reads like an accumulation, overall negative of more than $ 1 million, of entries today.
The first day of vanx Australia Bitcoin ETF, vanx first listing of a spot, the Bitcoin ETF on the Australian stock exchange, this week could help bring a billion dollars of assets under management into Australian digital asset ETFs equivalent to, about $72 billion in the United States.
In addition to our estimates of $1 billion, in the Hong Kong markets, and $1 billion for South Korea, this represents a potential $3 billion for the Asia-Pacific region, so again for each seller.
There is a buyer for every weak hand, who wants to unload, there is a long-term holder potentially a diamond hand, which they also unload, and right at Dell.
The CEO and billionaire, Michael Dell posted a photo of the Cookie Monster eating Bitcoin, the image says it all and his retweet of Michael sailor, Bitcoin is the digital rarity says it all game theory is playing out, they are soon starting to realize that Dell is adding Bitcoin to their balance sheet.
This is important, because Michael Dell is the 14th richest man in the world, and now he’s talking about Bitcoin what are the chances, that he knows the number one, in the 13th too, while some people may say that Dell is no longer relevant, Dell makes $ 9 billion in iida a year.
Which is fantastic, and while Michael Dell, is still the majority owner, which means he can still do the work, Dell decisions is sitting on $6 billion in cash.
Now he’s posting about Bitcoin dude, you get a Dell too, major news for altcoins.
An application for a Solana spot ETF, has been filed in Canada 3 IQ plans, a first Solana ETF in North America and 3 IQ, digital asset management is a Canadian investment company, this has huge implications for a Solana ETF, in America in the United States finally, just like with Bitcoin and ethereum.
This happened for the first time in Canada, and the proposed fund named Qsol, will be listed on the Toronto Stock Exchange, and aims to follow the evolution of the prices of the native crypto Soul, from Solana against the US dollar.
Now this will be approved, time will tell, but the returns, of staking seem to be part of it, which means that if you invest in the ETF, they will staking the Solana for you and you can get these passive returns simply. This would set a major precedent because at the moment the US does not seem to allow staking returns for the eth ETF, also news for polygon and cookie 3.
The first collaboration announcement, on cookies cookie 3, and polygon, collaborate to inject new projects, into the cookie ecosystem together, we integrate a crucial AI data layer, to improve data-based decisions, in polygon-based projects.
But the reason why this is quite interesting is that polygon, wants data that they no longer want to guess, just as a reminder what is Cookie cookie3, is an AI data layer and a marketing protocol, which connects K companies and web users3, what problem do they solve the ecosystem, cookies find unique ways to connect relevant audiences with the right web three projects, and reward both through data sharing, incentive.
Basically, when they say fi marketing, they simply mean that companies want to Market, they want to find the right customers, they want real users, they don’t want robots and if you had a data aggregation layer, which showed you all this, the three platform ecosystems, help marketers to better understand their users, to adapt marketing campaigns, and to ensure that marketing budgets, are sent to quality users via advanced AI-based analytics.
Again, today’s news is that polygon officially sees the value that they collaborate through polygon-based projects if you want to take advantage of it, everyone is able to bet cookies, for endless drops lingo, was recently announced when the airdrop lingo coins comes a part will go directly to the depositors of cookies.
And last but not least, they have started their 60-day campaign for the first movers, launch 120 APIs, in this pool for the first depositors, so if you are looking to cultivate airdrops, this is definitely an option to consider as well, Aether makes it the first, Nvidia surpasses Microsoft by becoming the most valuable company in the world in terms of market capitalization.
Aether is a crypto project, which joined the Nvidia program, Inception just to remind you what Aether is building a cloud infrastructure, scalable decentralized for games and AI, so that Aether centralized cloud storage.
The vast offer of Nvidia h100 GPUs, the most important in the depin ecosystem, offers our customers unlimited scalability to stimulate innovation in AI.
A lot of enterprise GPUs are actually underutilized, so if you look at the use of enterprise GPUs, and the founder of Aether explains how they are able to grow, and how they work properly, so if you look at the use of enterprise GPUs, in all data centers in the United States, for example, they are sitting between 15 to 18% of usage on average, so almost 80% um underutilized in this infrastructure, and it’s incredibly expensive infrastructure just.
An h100 server is you know about 300,000 US dollars, depending on the specifications you choose, then plugging it into a data center and paying for electricity, bandwidth, rack space is again incredibly expensive.
So underutilization, in this context is a kind of really expensive condition, with a lot of impact on your bottom line, as a company.
So what we can do is actually knock on the doors, companies that have a large amount of this calculation and say, we know that you probably have some of your calculation that is underutilized, how would you like to very simply connect it to our network, we will associate it with some kind of global demand network and we will reward you instantly.
I am an early investor, I just want to keep you a few things that I find interesting, and because Ether has the largest GPU network, and the highest committed revenues within the deep sector, Ether holds the keys to global GPU computing, which is arguably the most valuable and disruptive asset computing in history.
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