The Good News Catalogue (Pt. 9): Three Pieces of Positive News That’ll Give You the Zoomies
TL;DR
$1B worth of USDT stablecoins were just printed, Larry Fink is championing BTC in the press again, and the ETH ETFs (tentatively) set to launch next Tuesday.
Full Story
Get your weighted blankets out, light a candle, put that 10hr-long playlist of whale sounds on…
Whatever you need to calm your nerves.
Cause we have three pieces of positive news that are set to get you all jittery with excitement!
$1B worth of USDT stablecoins were just printed
Why get excited about the printing of stablecoins?
Cause they’re only printed when there’s increased demand for stablecoins — and stablecoins are pretty much used for one thing:
Buying more crypto (and sustained inflows of cash pump markets).
Larry Fink is championing BTC in the press again
Larry’s the CEO of the world’s largest asset management firm, Blackrock — a lot of folks in the traditional financial take his words to heart.
And ol’ Lare Bear has just dubbed himself a “major believer” in BTC.
(Maybe it’s because Blackrock’s BTC ETF has helped push its assets under management up 13% this past year, to $10.65T?).
ETH ETFs (tentatively) set to launch next Tuesday
Eric Balchunas (the guy who accurately predicted the ETH ETF approvals, seemingly out of nowhere) has had a look over the filings and predicted a Tuesday (7/23) launch:
“Provided no unforeseeable last minute issues, of course.”
Let’s do the math on all of that:
$1B ready to be deployed into the crypto markets + the head of the world’s largest asset manager publicly simping for Bitcoin + ETH ETFs launching/attracting new investor dollars as soon as next week…
= a twitch developing in our right eye, because our bodies don’t know how to deal with all the bullish excitement.
Running chest bump anyone?