how it started:
https://x.com/jebus911/status/1714306339554443469?s=20

how it's going:
https://x.com/jebus911/status/1714661060215447805?s=20

0xmert’s response:

https://x.com/0xmert_/status/1714743921002361240?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

Logan’s response as to why it is a bad take:

https://x.com/loganjastremski/status/1714758151013060678?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

A Bloomberg analyst said that even if Grayscale wins, the court will not demand the SEC to convert GBTC into an ETF.

https://x.com/ericbalchunas/status/1714673646890049994

"Not all RWA are made the same. For eg, tokenized US Treasuries is AA+ rated & backed by the "full faith & credit" of the US govt.

Having said that, AA+ rated RWA off chain can quickly become CC+ rated on chain if both legal design & adherence to regulatory compliance are poor."

https://x.com/Eug_Ng/status/1714861210863386758?s=20

lex_node: Purported "tokenization" of purported "RWAs" is mostly fake/impossible--a brief thread

https://x.com/lex_node/status/1713042491409048002?s=20

Grayscale Investments filed a new registration statement with the SEC in its ongoing attempt to convert its Grayscale Bitcoin Trust into a spot bitcoin ETF after a D.C. circuit court's ruling directing the regulator to re-review the firm's application. TheBlock

Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC. If and when it is approved, Coinbase will have a universal “MiCA license” in Ireland, which it can then use to “passport” its services into Germany, France, Italy, the Netherlands and other EU countries. — link

gm onchain waking up unibot +30%

Spot Bitcoin ETF Excitement Hits Main Street, Google Search Indicates - CoinDesk

Arthur: Many were surprised by the strength of this rally but in this low liquidity environment most moves are mainly positioning driven as I mentioned in prev tweet.

https://x.com/Arthur_0x/status/1715311947728740772?s=20

weekend grass touching but was thinking bout the current market pa

lots of bullish news + ct shouting up, is this it?

i'm still of the view that we'll head back down for now. am i just in disbelief (final stage of the market cycle) ?

one of the challenges as an investor is to be able to stick to your theses without getting influenced by the majority. how high is the conviction here?

will i miss out on some gains if the market moves up from here? yes. i'm not fully deployed + swing shorting.

net gain or loss? still a net gain since my bags are of a much greater size

read a thread awhile back about how most people try to time the first three and the last three days (?) of a cycle. basically trying to time the bottom and sell the peak. most get burned doing so -> -EV to try

think i'll maintain my position for now and join the run late if needed, because there will still be a good 90% of the move up to capture

tbc.

cont'd

while i still aim to deploy most of my remaining port at the lowest cost price, i have started to dca bits of the remaining stables because idw to be an underallocated lil bitch after spending all my days scrolling ct

also, if i'm expecting 3-4x moves in the next 6-18 months, why am i sweating over trying to buy in 10% cheaper?

finally, as GCR said, its better to be aggressive early in the cycle and risk off as the market moves up

time to be more aggressive w my bags in '23 and enjoy '24/'25