Phoenix: BAKKT HOLDINGS FILES $1 BILLION SHELF OFFERING, MAY USE PROCEEDS TO PURCHASE BITCOIN

Phoenix: BAKKT控股公司提交10亿美元的搁架发行申请，或将使用收益购买比特币

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2025-06-27 06:05:39

TRUMP: BITCOIN TAKES PRESSURE OFF THE DOLLAR

a likely reason why TradFi and BTC are doing so well —- dollar is putting in worst performance since our parents were born..

*US DOLLAR INDEX FALLS 10.8% IN BIGGEST H1 LOSS SINCE 1973

I will start posting significantly more in Telegram (here)

Twitter experience has completely died for me, app is unusable, noone is discussing trades/trading setups/charts anymore

its just AI slop and replybots/scammers/shitcoin shillers and airdrop farming/paid shill maxxing

sad, but it is what it is

a trade I took yesterday was

SOL/USD short after "Rex-ETF announcement"

reasoning was very simple, DB posted

"*REX-OSPREY SOLANA ETF WITH STAKING SET TO BEGIN TRADING WEDS, CEO SAYS"

No-one, absolutely no-one heard of "Rex-Osprey" as ETF issuer before, so I assumed its a complete nothingburger

The issuers that are imo-worth it are Fidelity (please see James Seyffarts post)

https://x.com/JSeyff/status/1939795594148540610

SOL ETF "final dates" are in mid-october

SOL ETFs with Staking will be approved, i just dont expect them to be approved (or relevant) in early July - hence the intraday short.

these two drama queens make our bags go up and down…

TRUMP, ASKED ABOUT DEPORTING MUSK, SAYS HAVE TO TAKE A LOOK

(I will post more, but refuse to post the regular stuff like "oooh ETFs are buying, Saylor is buying"

yeah no shit, they are and will continue to do so)

Interesting argument I made people make is that we have a brand new Quarter (Q3) and H2 that could lead to some rebalancing in tradfi portfolios (might explain the BTC & ETH strength today)

happy weekend & see you next week

i reckon the massive bid (on everything) is front-run of "Big Beautiful Bill" vote which Final Vote is early thursday morning (today)

since the bill leads to massive Money BrrRrrr (printing)

https://x.com/saylor/status/1942548308481700128

watching "Bitcoin Treasuries Digital Conference"

(first guy speaking has thick french accent so be careful)

Bitcoin flipped Amazon in Market Cap

Bitcoin is just incredible. Being a stubborn BTC maxi has paid off.

Today there will be Genius Act & Clarity Act vote (one of the two, at least), we are currently in something White House themselves called "Crypto Week"

TLDR: Good for ETH, DeFi, legislation yada

If you have NEVER seen Genius Act or Clarity act
-> run this link thru ChatGPT, just ask it "Explain like im 5"

As for Macro/TradFi, I think we have a bit of "free ride" until July 30th which is FOMC, 31st is PCE and August 1st NFPs

We are also in earnings season, link to bookmark is below for overview

I wonder if some publicly traded company discloses holdings of crypto

https://www.nasdaq.com/market-activity/earnings

I am not a fan as using Trump as source for anything - but

TRUMP: GENIUS ACT WILL BE PASSED TOMORROW, SPOKE TO ALL HOLDOUTS TODAY

-> It has to pass this week, because starting Tuesday there will be a long break until September

Has to pass this week 🙏

Trifecta of who is benefiting from this passing

Circle probably best "indicator"

Tether just minted another 1B $USDT

That's 3B $USDT minted in under 24 hours

If you are interested in Genius act/clarity act vote (later today - expected in 2.5 hrs ish)

Follow Eleanor Terrett (posts on notifications - can unfollow after/if it passes) she does great job reporting in real time

Given how slow the vote was yesterday, I do expect this to pass after many many hours later after voting starts

https://x.com/EleanorTerrett/status/1945900819867701289

Clarity Vote has PASSED 🥳 now vote on Genius Act

unfollowing Eleanor (sorry)!